Yuga Labs now owns Meebits & CryptoPunks.
What are NFTs
March 14, 2022Key Takeaways
- An executive order by U.S President Joe Biden might mean positive news for the NFT space, as it focuses on rooting out illegal activity in the crypto space and exploring whether the Central bank should create its own digital currency.
- OpenSea banned Iranian users in compliance with U.S sanctions with no prior warning or explanation. Some NFT artists have been devastated upon seeing a large part of their income vanish practically overnight. Just holding an Iranian passport is enough to warrant being de-platformed.
BAYC Yuga Labs bought Cryptopunks and Meebits from Larva Labs, as explained by a joint announcement on Twitter on Friday evening. They now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits.
Highlights
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- Kardena price shoots up 40% after the launch of a new protocol and participation in Binance.
- Immutable has reached Unicorn status and a $2.5bn investor valuation.
- Behance now integrated with Solana and Phantom.
- Brave Browser’s includes a Bored Ape NFT as part of crypto sweepstake
- Yuga Labs faces backlash for KYC restricted project after partnering with Animoca brands.
- José Delbo. World-acclaimed comic book artist, releases Satoshi Legions NFT drop.
- Vandal makes headlines for first ever cryptovoxels music video shoot.
- Shooter Pals released in NFT play-to-earn space.
- ESPN reporter’s twitter account hacked to promote NFT Skulltoons project.
- Dungeon Siege IP added to The Sandbox by Square Enix.
Top Artists
The following table shows top artists (by primary sales volume on each platform) and their art samples.
CryptoPunks by Larva Labs. 7-day sales volume: ETH 11,634.31
CryptoPunks launched as a fixed set of 10,000 items in mid-2017 and became one of the inspirations for the ERC-721 standard.
Meebits. 7-day sales volume: ETH 10,739.18
The Meebits are 20,000 unique 3D voxel characters, created by a custom generative algorithm, then registered on the Ethereum blockchain.
Bored Ape Yacht Club 7-day sales volume: ETH 11,634.31
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