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Yuga Labs, parent company of BAYC, acquired CryptoPunks and Meebits

On March 12, Yuga Labs, the parent company of BAYC, announced the acquisition of the CryptoPunks and Meebits NFT series developed by Larva Labs. Yuga Labs plans to offer full commercial rights to both NFT series to holders. Meanwhile, Yuga Labs says the BAYC ecosystem will remain "the center of the universe." The acquired NFT series will not be shoehorned into the "club" model developed for BAYC. Yuga Labs is committed to bringing additional utility to the CryptoPunks and Meebits family and will fully listen to the community before deciding on our next steps.

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