Yuga Labs to Receive Royalties from Meebits NFT Sales!

The company said in a statement that it has assembled a team of excellent creative thinkers and some diehard Meebits community members to help develop the project. Yuga Labs did not specify exactly how the funds will be used. But it hinted that revenue from royalties will be used to sustain the Meetbis party. While Yuga Labs did not elaborate on its future plans, the team said it wants to double down on the core values of the Meebits community, including DIY experimentation, technological minimalism and interoperability.

The team said it is working tirelessly to better serve community members. Meebits expressed its commitment to adding more professionals to its team. However, they emphasized that they will provide superior services to community members while meeting the dynamism of the market. Last March, Yuga Labs announced the acquisition of the Meebits NFT collection and iconic CryptoPunks from design studio Larva Labs for an undisclosed fee. Yuga Labs also announced that when the deal was signed, it granted the owners of Meebits and CryptoPunks full commercial rights to their NFTs, giving them the same rights as Bored Ape owners to monetize their NFTs and feature them in any commercial content. In a recent tweet, the Meebits team reiterated these statements. The tweet referenced this commitment, stating that it kept community members in mind during the takeover. Details of the NFT Collection Founded in 2021, Meebits was created by Larva Labs. The team has designed numerous NFT collections including CryptoPunks and Autoglyphs. Larva Labs is known for creating leading collections such as CryptoPunks. CryptoPunks has been created since 2017. It also remains one of the most expensive collections. However, Larva Labs designed Meebits based on the success of CryptoPunks and Autoglyphs. Meebits is specifically designed for a virtual reality experience on the Metaverse. The collection is popular due to its distinctive features and the fact that people often use it on social media and in the Metaverse. Meanwhile, the collection consists of 20,000 custom avatars. They are also created on the Ethereum Blockchain. Finally, the Meebits collection is in the wallets of prominent celebrities such as Snoop Dogg and Alexis Ohanian. According to data provided by OpenSea, the collection has approximately 6.6 thousand owners.   Source: nfxhaber.com