the latest news in NFTs + crypto art + web3
One of the biggest winners in Yuga Labs’ acquisition of the IP rights to the legendary CryptoPunks NFTs is the group of so-called “V1 Punks” owners, who were embroiled in a copyright DMCA dispute with Larva Labs. V1 Punks are the original CryptoPunks, which had a major coding error in 2017. Oops. To fix the…
Read More
In stunning news that was rumored yesterday, the two biggest startups in creating NFTs — Larva Labs the creator of the CryptoPunks and Yuga Labs the creator of the Bored Ape Yacht Club — both announced that Yuga had acquired the intellectual property to Larva’s CryptoPunks and Meebits. The deal involves the two biggest and…
Read More
Just when you thought you would enjoy a quiet Saturday before the Super Bowl, Chain CEO Deepak Thapliyal sent everyone a reminder how OG the CryptoPunks are. Thapliyal bought Alien CryptoPunk #5822 for $23.7 million or 8,000 ETH, making it the highest sale of a CryptoPunk ever, more than 3 times the second highest sale…
Read More
Four days ago, we reported about the escalating situation between Larva Labs, the creator of the legendary CryptoPunks, and owners of the so-called “V1 Punks” or version 1 CryptoPunks, which originally had an error in their smart contracts in 2017. (Check out the history here.) John Watkinson of Larva Labs said it was going to…
Read More
Friday, January 14th may be a day that we look back in history and say, That’s the day Bored Ape Yacht Club ended all debate over which NFTs are the most influential and the most powerful driver in the market. It’s BAYC. The floor price for the cheapest Bored Ape NFT is 83 ETH (($276,345.18).…
Read More
GM, everyone. If you thought the fervor for NFTs would go down with the stock market and Bitcoin yesterday, you were wrong. NFT sales were down yesterday after a bull run for four straight days. That’s true. But that was to be expected after the torrid NFT sales, in contrast with the decline of the…
Read More
It’s been quite a year for NFTs, from the highest sale ever in March 2021 ($69M for Beepe’s Everydays: The First 5,000 Days) to the highest quarter in sales ($10.7 billion) to the highest market cap for one collection ($2 billion for the Larva Labs’ CryptoPunks). Not surprisingly, Collins Dictionary named NFT the 2021 Word…
Read More
If you’ve heard me give talks about NFTs and the accompanying licenses that come with the sale, you know that it’s common for NFT licenses to prohibit the buyer from making commercial uses of the associated content or artwork. It’s typical to limit the buyer of an NFT to noncommercial uses of the work. For…
Read More