Yuga Labs, creators of the Bored Ape Yacht Club, just announced a big acquisition Earlier today, the company broke Twitter by announcing the acquisition of the CryptoPunks and Meebits collections from Larva Labs. The first item on the to-do list is to give full commercial rights to NFT holders. Compared to Yuga Labs, this is one of the biggest criticisms of the Larva Labs program.

Yuga Labs Acquires CryptoPunks and Meebits This is great Credit: @yugalabs

During this year, BAYC owners have the opportunity to develop an amazing ecosystem. On the other hand, owners of CryptoPunks and Meebits may be salivating while thinking about what could happen. Things will be different in the near future as the OG NFT collection enters a new phase.

Inside Announcement , Yuga Labs guarantees that BAYC will always be the focus of the company. Ultimately, they are trying to build an entire ecosystem, not just one of their projects.

Yuga Labs' CryptoPunks/Meebits

The deal includes branding, art rights and other intellectual property for both collections. In addition, Yuga Labs acquired 423 CryptoPunks and 1711 Meebits. Meanwhile, Larva Labs co-founders Matt Hall and John Watkinson continue to build other amazing projects.

Yuga Labs will now propose new terms and conditions for both series, pushing them towards a more Web3-like nature. Third-party developers and community creators can now contact CryptoPunks and Meebits owners in their Web3 projects, whatever they may be.

Beyond that, Yuga Labs does not intend to rush into anything else for these projects. They intend to gather more ideas and listen to the community before making any decisions. The team is well aware that the CryptoPunks and Meebits communities are different from each other and different from those in the BAYC community. Therefore, this approach makes a lot of sense for the company, the owners and the community as a whole.

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