Yuga Labs responds to CryptoPunks rumors, MakersPlace shuts down: Nifty Newsletter
NFT collection Mad Lads surged in market capitalization as the price of Solana reached a new all-time high.
In this week’s newsletter, read about non-fungible token (NFT) company Yuga Labs facing a backlash as rumors of a CryptoPunks IP sale circulated on social media, check out how “ongoing market challenges” led to the closure of the digital art platform MakersPlace and find out how the NFT collection Mad Lads surged as the price of Solana reached a new all-time high. In other news, NFT and gaming blockchain Ronin has offered developers and game studios a $10 million grant.
As rumors of a CryptoPunks IP sale circulated on social media, NFT company Yuga Labs faced backlash from the community. Azuki researcher Wale.moca suggested on Jan. 14 that the company may be selling the CryptoPunks IP they acquired from Larva Labs in 2022.
NFT collector and trader Dheeraj Shah told Cointelegraph that a sale could allow CryptoPunks to return to being a piece of history, not another utility project.
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Author: Ezra Reguerra
