Yuga Labs, the startup behind the mega-popular Bored Ape Yacht Club nonfungible token collection, has acquired the intellectual property of CryptoPunks — a pioneer in the NFT space — and Meebits from Larva Labs.
Financial terms weren’t disclosed. Through the pact, Yuga now owns the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1,711 Meebits NFTs. The acquisition shows the craze for NFTs, which use blockchain technology to verify ownership of digital goods, is still in full swing.
The deal “came about in a very organic way from conversations between our partner Guy Oseary and the Larva Labs founders,” Yuga Labs said in announcing the deal Friday. In October 2021, Oseary — the music industry vet and tech investor whose management clients include Madonna, U2 and Red Hot Chili Peppers — signed Bored Ape Yacht…
