Yuga Labs Will Release Meebits IP

Yuga Labs Will Release Meebits IP

The Meebits IP will officially be released to NFT owners on August 15 according to an announcement from the project's official Twitter. 

Releasing the IP to Meebits holders will mirror the IP rights maintained by Bored Ape Yacht Club NFT holders, allowing owners to use their respective NFT for select licensing purposes to help push the brand forward. 

According to the announcement, the IP rights for a particular Meebit NFT are based on the owner of the NFT. Therefore, if you own a Meebit NFT and then sell that NFT, you no longer maintain the specific licensing rights to that Meebit NFT. However, any historical use of the IP may live on. 

The thread also indicates that in the eventual fineprint, Yuga Labs will reserve the right to make changes to this agreement. 

Yuga Labs co-founder Gordon Goner has previously expressed excitement about the potential of working with the Meebits IP. Will this be the change that ignites further details about the future of Meebits? 

At the time of writing, the Meebits hold a floor price of 4.75 ETH, down nearly 4% over the last 24 hours. 

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 18 ETH volume of transactions. Over that same timeframe, 2 sharp wallets have sold 2 NFTs and no sharp wallets have bought NFTS in the the Meebits collection. Catch up on other recent Meebits news here.

Recent Meebits Sales

#9798sold at 12/08 5:12am for
2.85
#14632sold at 12/08 5:12am for
2.84
#19422sold at 12/08 3:12am for
3.10
#10572sold at 12/08 2:12am for
2.90
#18438sold at 12/07 10:12pm for
3.30

Recent Meebits Listings

#13439listed at 12/08 8:12am for
2.86
#13439listed at 12/08 8:12am for
2.86
#14659listed at 12/08 6:12am for
3.35
#14659listed at 12/08 6:12am for
3.35
#4943listed at 12/08 6:12am for
9.00
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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