Bored Apes marry Crypto Punks 🤝

Bored Apes marry Crypto Punks 🤝

What’s poppin’ Yuga Labs, the creators of the popular NFT-collection, Bored Ape Yacht Club, has acquired 2 other notable collections — Crypto Punks and Meebits from another company called Larva Labs.

That would be the first big consolidation in the NFT space ever since the buzz took off.

The 5-year-old Crypto Punks collection is actually one of the gold standard projects in the space, adding up to about $2.2 billion worth of trading volume to date, second to only Bored Ape Yacht Club. Deal amount wasn’t disclosed, but it’s likely over $100 million+ in digital property exchanging hands here.

Yuga will now get about 423 Crypto Punks and 1,711 Meebits to add to its kitty. The team says the deal will help them hire faster and roll out more NFT projects.

Bottomline sounds like a bunch of gibberish, we know, but new companies are being formed, operated, run, and acquired on these emerging beliefs. Watch closely, or risk ignorance!