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Sales of CryptoPunks Ethereum NFT surged 1,200% after boring ape creators acquired IP

Simply put

  • The popular Ethereum NFT collection CryptoPunks has seen a significant increase in sales over the past day.
  • Larva Labs announced that it has sold the IPs of CryptoPunks and Meebits to Yuga Labs, the creator of the Bored Ape Yacht Club.

Larva Labs was shocked NFT The world was yesterday afternoon Selling IP of popular CryptoPunks project to Yuga LabsCreator Boring Ape Yacht Club.. And after the news was reported CryptoPunks Now on sale like a hot cake.

According to the data from CryptoSlamFor sale in the secondary market Ethereum The NFT collection totaled $ 18.8 million in the last 24 hours, an increase of 1,219% in the last 24 hours.

The CryptoPunks project is under the direction of Yuga Labs, which turned Bored Ape Yacht Club into a Sales Jaguar Note, so new buyers may be looking for value. Celebrity favorites In less than a year.

Yuga Labs has announced that it will grant IP rights to individual CryptoPunks images to their respective owners, as in the case of their own Bored Ape collection. Issues for some CryptoPunks owners In the pastBecause Larva Labs had previously provided unclear guidance on the ability of owners to monetize NFT images.

In addition to the surge in sales, CryptoPunks’ lowest rates (or the cheapest NFTs available for projects listed on the market) are 11% increase during spanThe current price is over 75 ETH (about $ 195,000).

We also sold Larva Labs Meebits NFT project IP to Yuga Labs as part of the contract. Meebits sales over the last 24 hours have also surged to $ 18.5 million per data from CryptoSlam. This corresponds to a 529% increase from the previous span. The minimum charge for Meebits is over 32. % In span, up to almost 5.6 ETH ($ 14,500).

On the other hand, so-called V1CryptoPunks Wrap Collection— A series of community-made Ethereum NFTs based on defective and abandoned original CryptoPunks smart contracts — Sales have increased by 6,695% in the last 24 hours. Larva Labs Denied the projectHowever, it has still generated over $ 1.6 million in secondary sales over the past day.

The Bored Ape Yacht Club itself is gaining momentum, with NFT sales of $ 7.3 million the day before, up 307% from the previous 24 hours, according to CryptoSlam. The minimum rate has also increased by 12%. Currently it is 82 ETH ($ 212,000).

In addition, new Mutant Ape Yacht Club With $ 4.5 million in sales over the last 24 hours, this represents an increase of nearly 79% per day. The floor of Mutant Apes increased by 9% to 18.5 ETH (about $ 48,000).

Overall, CryptoPunks has generated more than $ 2.1 billion in lifetime secondary trading volume, and the new Meebits is about $ 425 million (later). Excludes wash saleBored Ape Yacht Club generated over $ 1.4 billion in secondary sales and Mutant Ape Yacht Club was $ 987 million.

https://decrypt.co/94928/cryptopunks-nft-sales-surge-1200-after-bored-ape-creators-acquire-ip

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