Bored Ape Yacht Club Buys CryptoPunks IP in Shock Deal | CoinMarketCap

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Bored Ape Yacht Club Buys CryptoPunks IP in Shock Deal | CoinMarketCap
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🚨 BREAKING NEWS 🚨 The creators of Bored Ape Yacht Club have acquired the intellectual property of the CryptoPunks NFT collection… and will hand commercial rights to owners 🔥 It's one of the biggest, most significant deals the sector has ever seen 💰

The creators of Bored Ape Yacht Club have acquired the intellectual property of the CryptoPunks and Meebits NFT collections — in what is one of the biggest and most significant deals that the sector has ever seen.

And it's especially interesting what this will mean for those who currently own CryptoPunks, which have sold for hundreds of thousands of dollars in the past. Yuga Labs says that it plans to hand over full commercial rights to collectors — meaning they'll have the freedom to use their CryptoPunk in any way they see fit without suffering legal ramifications.

"It's been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can't wait to see the Cryptopunks and Meebits communities do the same."

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