CryptoPunks NFT floor price spikes 13% on rumors of IP sale
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.
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Author: Brayden Lindrea
