The NFT world has seen acquisitions, anniversaries, fundraises, and more this week, so let’s see what’s been happening in our weekly NFT roundup.
Yuga Labs Acquires CryptoPunks
In one of the biggest NFT stories to date, Bored Ape Yacht Club creators Yuga Labs announced this week that it has bought the rights to Larva Labs’ pioneering CryptoPunks collection. The company announced that its first move will be to give full commercial rights to all CryptoPunks holders, something that has been a topic for serious debate since the collection’s popularity grew.
Some big news to share today: Yuga has acquired the CryptoPunks and Meebits collections from @LarvaLabs, and the first thing we’re doing is giving full commercial rights to the NFT holders. Just like we did for BAYC and MAYC owners. pic.twitter.com/lAIKKvoEDj
— Yuga Labs (@yugalabs) March 11, 2022
NFTs raised over $17 billion in 2021
Everyone knows that NFTs enjoyed a huge boom and bust in 2021, and an annual report from Nonfungible has laid bare the details. According to the report, the industry grew by 21,000% to peak at $17billion last year, with NFT holders also reported to have made over $5billion in profits from selling them.
Of course, much of this was down to the actions of Beeple, whose record-breaking $69 million sale of Everydays – The First 5000 Days occurred on this day last year.
Ukraine Media Outlets Banking on NFT Content Sales
Three Ukrainian media outlets have turned to NFTs for funding at this critical time and are looking to raise one million dollars (1,110,000 hryvnias) through an NFT paywall. The trio plan to raise the money by selling access to their content through 10,000 ‘keys’, which will allow users to access their content and news through Vault.
Paywalls are typically considered evil by the reading public, but on this occasion it’s likely these guys will get a pass.