Meebits Release Official IP Rights Agreement

Meebits Release Official IP Rights Agreement

Meebits announced that the IP rights agreement for its holders went live in a recent tweet.

Yuga Labs, who previously purchased Meebits as well as CryptoPunks from Larva Labs, will still own all of the "rights, title, and interests in and to the Meebit Art including any and all copyrights, trademarks, and other intellectual property rights."

However, holders will be granted the license "to use the Meebit Art associated with your Meebit NFT for as long as you hold your Meebit NFT."

Holders now also own the IP rights to any derivative that their Meebits NFT is featured in accordance with the United States Copyright Act.

Yuga Labs also hinted at holders being "offered utility, benefits, or entitlements from time to time."

The creators of Bored Ape Yacht Club followed up this statement with "Yuga makes no assurances of any Utility" letting users know that utility is a possibility and not a promise. 

The full document for IP rights relating to Meebits can be found on the Meebits App.

This news follows CryptoPunks releasing its official IP agreement.

More about Meebits

Meebits is the latest project by famed CryptoPunk creators, Larva Labs. The Meebits collection consists of 20,000 unique 3D voxel characters primed for use in the Metaverse. The collection of 20,000 was first made available in early 2021, with 10,000 claimable for CryptoPunk owners, and another 10,000 available for the public via a Dutch Auction. On Mar. 11, 2022, Yuga Labs (creators of Bored Ape Yacht Club) acquired CryptoPunks and Meebits, granting full commercial rights to holders of both projects. 

At the time of publish, the Meebits floor price sits at 2.7 ETH, and has stayed relatively flat over the past 24 hours on 25 ETH volume of transactions. Over that same timeframe, 2 sharp wallets have bought 2 NFTs and no sharp wallets have sold NFTS in the the Meebits collection. Catch up on other recent Meebits news here.

Recent Meebits Sales

#15017sold at 11/28 1:11am for
2.62
#8087sold at 11/27 9:11pm for
2.90
#1364sold at 11/27 4:11pm for
2.67
#18872sold at 11/27 2:11pm for
2.88
#18671sold at 11/27 2:11pm for
2.69

Recent Meebits Listings

#2149listed at 11/28 4:11am for
19.6
#11656listed at 11/28 4:11am for
10.9
#2149listed at 11/28 4:11am for
19.6
#11656listed at 11/28 4:11am for
10.9
#1709listed at 11/28 4:11am for
3.38
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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