Three of the biggest properties in the NFT universe now have the same owner:
The announcement marks one of the first signs of major consolidation in the NFT world. Imagine if Delta announced it were buying American Airlines—and Southwest to boot.
“Yuga Labs are the best in the world at what they do, and are the ideal stewards of the Crytopunks and Meebits,” the co-founders of Larva Labs, Matt Hall and John Watkinson, said in a statement. “In their hands, we are confident that they will continue to be vital, thriving projects in the emerging decentralized web.”
Hall and Watkinson, two Canadian bitcoiners, created CryptoPunks in June 2017. Each of the 10,000 unique characters is a 24 by 24-pixel avatar whose individual traits—mohawks, bright eyeshadow, eye patches—are generated algorithmically. The character’s value is determined by the rarity of its features.
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Forbes Virtual NFT BillionairesDidn’t make the Forbes Billionaires list? You can still join the virtual fun on the next best list as an owner of a Forbes Virtual NFT Billionaire! Forbes subscribers get early access to the sale. Learn more here:
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