According to rumors in the last hours, Yuga Labs, the company that supports the Bored Ape Yacht Club, has started to purchase NFT collections.

-Many cases have arisen, especially about the company that bought the CryptoPunks and Meebits NFT collections.
-Based on online speculation, the Bored Ape Yacht Club attracted people’s attention with its acquisition of Yuga Labs, which is responsible for the NFT collections.
-It has taken its place on the agenda by purchasing CryptoPunks and Meebits of the developer Larva Labs.

The companies, which are preparing to announce the subject, have jointly decided to announce their announcements on social media platforms. The institution, which announced on Twitter on Friday evening, explained the latest situations and provided information about NFT collections, also touched on the details in its blog posts.

NFT Acquisitions Made with Yuga Labs and Larva Labs Partnership!

NFT collections, realized in partnership with Yuga Labs and Larba Labs, made explanations about the details in their purchase status blog posts. In particular, Yuga Labs stated in their blog posts that they have acquired the 423 CryptoPunks and 1711 Meebit NFT collections as well as the art copyrights and IP rights. The institution that owns the rights has also added its words about protecting the rights of groups to its post.

-Larva Labs stated that it will continue to work to protect all rights of groups such as Punks and Meebs, such as Autoglyphs, which emerged and became popular among NFT collections.
-Bored Ape Yacht Club is a company valued in crypto with its NFT collections. It is also an important company that has emerged with its value in CryptoPunks as well.
-Yuga Labs also touched upon an important issue in its statements. One of these issues is that it plans to give commercial rights to CryptoPunk and Meebit images. The fact that these paintings are given to their owners with their commercial rights is also included in the details of the explanations. The company has done this for Bored Ape users.

Yuga Labs and Larva Labs have indicated that they will make further progress on their work on the NFT collections. For this reason, they also stated in their statements that they had a meeting with Andreessen Horowitz, the VC powerhouse of their company, about the investment in February. They also stated that the budget they will realize for the investment is 5 billion dollars.