Mar. 11 NFT Recap | Yuga Labs Acquires CryptoPunks and Meebits
Top News Today:
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Yuga Labs Acquires CryptoPunks & Meebits
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GNSS by MGXS Soars on Launch
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Mint Pass 2 Claiming
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Top NFT Movers
Yuga Labs Acquires CryptoPunks & Meebits
@yugalabs, creators of BAYC, announces acquisition of @larvalabs CryptoPunks & Meebits collections. In a bombshell announcement this afternoon, Yuga Labs acquires its top competitor to Bored Apes in CryptoPunks looking to "grow the pie, not fight over slices". Granting holders full commercial rights, Yuga looks to expand the brands into its future endeavors. Price action has been wild on all three collections since the announcement but the dust has yet to settle.
Some big news to share today: Yuga has acquired the CryptoPunks and Meebits collections from @LarvaLabs, and the first thing we’re doing is giving full commercial rights to the NFT holders. Just like we did for BAYC and MAYC owners. pic.twitter.com/lAIKKvoEDj
— Yuga Labs (@yugalabs) March 11, 2022
Bored Ape Yacht Club also provided a little more information on the registration and KYC from their cryptic tweet last night. Stating via Twitter that the upcoming project was not just for BAYC & MAYC holders. Also suggesting that "Animoca requires a KYC for the reasons above. Neither we nor Animoca have access to that data, and it’s deleted after verification."
Some more info about the KYC associated with https://t.co/1KlPpVjWkb 🧵 https://t.co/1H270KhWr9
— Bored Ape Yacht Club (@BoredApeYC) March 11, 2022
GNSS by MGXS Soars on Launch
GNSS or Generative Nature Synthetic Species, a 10,000 piece generative PFP collection from @mgxs_co, sold out in under 5 minutes today at 0.33 ETH. GNSS burned a total of 23 ETH in the minting process, as the community rallied around the release.
@mgxs_co a generative artist who works over at @rtfktstudios caused quite the stir this afternoon. Hitting secondary markets around a 0.6 ETH floor, the collection has traded over 2.5k ETH since 3:00 p.m. ET. A staggering figure when compared to the recent decline and lack of volume to start the month. Based on more than 20 different species, each character will be generated from GNSS SEEDs utilizing a tool in which the users choose the final minted piece.
Mint Pass 2 Claiming
MetaHero Universe has now opened claiming for MintPass 2 NFTs with 90,080 passes available. The claim window is open for 30 days with any unclaimed NFTs reserved for future distribution. With the maximum of 203,282 MintPass 2 NFTs that can be created, MetaHero looks to maximizes the number of new collectors while rewarding those for their continued participation in the ecosystem.
Meebits running strong after the rumors are confirmed true this afternoon. Up almost 1000% in volume as the rumors swirled late last night and were solidified by Yuga announcement. Floor up 35% nearing 5 ETH for the first time since September 2021.
Dour Darcels continues its strong performance this week up another 500% in volume last 24 hours as the whole market sees an uptick today. Floor doubling and then some up to 0.84 ETH.
Bored Ape Yacht Club sales ramp up after the announcement this afternoon. The floor has held around 73 ETH and we will wait to see the dust settle from this most recent NFT shake up.
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