Yuga Labs Makes CryptoPunks Announcement

Yuga Labs Makes CryptoPunks Announcement

In March 2022, Yuga Labs, the creator of Bored Ape Yacht Club, announced the acquisition of Larva Labs, the creator of the popular NFT collections such as CryptoPunks and Meebits.

Following the acquisition, things remained quiet on the CryptoPunks, until now that is.

@CryptoGarga, one of the co-founders of Yuga Labs, shed some light on the plans for CryptoPunks today in a recent Twitter post.

In the post, Garga goes on to talk about how the Yuga team envisioned turning over the commercial rights to CryptoPunks to its holders, much like how the team did for BAYC, they said the official terms for the transfer of rights "will be rolling out in the next couple weeks."

However, this isn't the only news that was announced, Garga goes on to say that Yuga Labs will be adding Noah Davis to the team.

Noah was the individual responsible for bringing Beeple's " The First 5,000 Days" auction to the popular art auction house Christie's. The NFT would go on to sell for over $69 million dollars at the auction.

Prior to this news, CryptoPunks saw its floor increase from below 50.0 ETH to its current floor price of 66.65 ETH.

 

 

More about CryptoPunks

One of the most iconic NFT collections of all-time, CryptoPunks was developed by Larva Labs and released in 2017 as a free-to-claim experiment. CryptoPunks, along with the Bored Ape Yacht Club led the NFT bull run of 2020 and helped bring digital collectibles to the mainstream through high profile auctions and celebrity onboarding. In 2022, Larva Labs sold the intellectual property of CryptoPunks to Yuga Labs, who created the Bored Ape Yacht Club.

At the time of publish, the CryptoPunks floor price sits at 63.95 ETH, and has stayed relatively flat over the past 24 hours on 1121 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 3 NFTs and 1 sharp wallets have bought 5 NFTs in the CryptoPunks collection. Catch up on other recent CryptoPunks news here.

Recent CryptoPunks Sales

#7294sold at 12/06 11:12pm for
90.0
#4871sold at 12/06 11:12pm for
71.0
#4871sold at 12/06 10:12pm for
68.8
#3926sold at 12/06 10:12pm for
72.0
#2389sold at 12/06 9:12pm for
85.0

Recent CryptoPunks Listings

#7361listed at 12/07 3:12am for
77.5
#7032listed at 12/07 12:12am for
66.7
#9310listed at 12/06 11:12pm for
250
#7294listed at 12/06 11:12pm for
90.0
#8054listed at 12/06 11:12pm for
68.0
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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