The NFT collection Meebits has changed ownership —Yuga Labs has sold the intellectual property rights to Meebit Company (MeebCo), which will take over its development. According to MeebCo, their goal is to expand the brand, engage with the community, and release new Meebits-related products.
Yuga Labs, meanwhile, will continue focusing on its key projects — Bored Ape Yacht Club (BAYC) and the Otherside metaverse. Despite the sale, Meebits will remain part of the Otherside ecosystem, the company stated.
New Rewards Mechanic: Bits System
Following the deal, the Meebits team announced the launch of a new loyalty system called Bits. This system will reward users for trading Meebits on OpenSea, which is a project partner. Bits holders will be able to participate in the ecosystem’s growth, with a portion of transaction fees allocated to support and expand Meebits.
MeebCo’s CEO, Sergio Silva, emphasized his commitment to preserving the collection’s legacy and taking Meebits to the next level.
"We want to secure their place in digital art, NFTs, and online assets, as well as collaborate with leading brands for real-world integrations," he stated.
Meebits is a collection of 10,000 voxel-style 3D characters created by Larva Labs, the studio behind CryptoPunks. In March 2022, Yuga Labs acquired the rights to both projects but has now decided to focus on its core initiatives.
According to nftpricefloor, following the sale announcement, the Meebits collection’s floor price surged from 0.42 ETH to 0.66 ETH before later correcting to 0.57 ETH.
Rumors About CryptoPunks Sale
Recently, rumors surfaced in the Web3 community that Yuga Labs might also sell the rights to CryptoPunks. NFT researcher Wale Moca claimed the company was considering offers, but Yuga Labs co-founder Greg Solano quickly dismissed the speculation.
"Nothing," Solano responded briefly on X, stressing that the company would not sell CryptoPunks without ensuring long-term benefits for the collection.
Despite the denial, some enthusiasts continue speculating about potential buyers. One of the rumored candidates was well-known NFT collector @seedphrase, who fueled speculation by posting "CryptoPunks ❤", sparking another round of discussions.
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