The floor price for Bored Ape Yacht Club NFTs soared 25% after Yuga Labs revealed they bought CryptoPunks and Meebits collections.
The Bored Ape Yacht Club NFT collection saw its floor price surge by about 25% in less than a day. The move comes following major developments announced by the company behind it.NFT collections – revealed they’ve acquired the CryptoPunks and Meebits collections.Today we’re excited to announce that Yuga has acquired the IP of the CryptoPunks and Meebits NFT collections from Larva Labs.
The team also explained that the first step will be to soon grant “CryptoPunks and Meebits holders the same commercial rights that BAYC and MAYC owners enjoy.” What this would mean is that developers would be able to incorporate CryptoPunks and Meebits into their web3-based projects.What we don’t plan to do is shoehorn these NFT collections into the ‘club’ model we’ve developed for BAYC.
Not long after, BAYC sales surged. As noted by a prominent NFT whale, there were 14 sales in 90 minutes, which saw the floor for apes skyrocket by 25% and is currently above 90 ETH. Make that 14 sales in the last 90 minutes. Only one sale on LooksRare though 😩 Why do people hate free money
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