Yuga Labs hasn’t confirmed or denied rumors that it is selling the IP rights to CryptoPunks, the world’s most valuable NFT collection.
The floor price of the CryptoPunks non-fungible token collectibles increased 13% in three hours on rumors that its owner, Yuga Labs, might be “in the process” of selling CryptoPunks intellectual property rights.
The rumor came from “Wale.moca,” a researcher at NFT firm Azuki who cited “several sources close to the matter” in a Jan. 14 X post.
He didn’t disclose who the buyer could be. However, he said it isn’t a Web2 brand, nor is it an existing NFT company such as Pudgy Penguins, Azuki or Doodles.
