Yuga Labs Buys CryptoPunks, 1inch Wallet Adds NFT Support, and More

This week’s Nifty News round-up follows a weekend of announcements from Yuga Labs, the launch of the SXSW Austin conference and the addition of Non-Fungible Token (NFT) support for 1-inch wallet users..

Yuga Labs acquires CryptoPunks and Meebits

Yuga Labs, creators of Bored Ape Yacht Club or BAYC, announced the acquisition of the intellectual property (IP) of Larva Labs’ CryptoPunks and Meebits NFT collections. By adding these brands to their portfolio, Yuga Labs now owns the copyright in the art, along with 423 CryptoPunks and 1711 Meebits.

CryptoPunks terms and conditions, unlike BAYC previously, restricted the transfer of intellectual property, copyright or trademarks to punk owners. Because of this, Yuga Labs has decided to transfer all commercial rights to NFT holders to allow “community developers and creators to integrate CryptoPunks and Meebits into their Web3 projects”.

Yuga Labs Buys CryptoPunks, 1inch Wallet Adds NFT Support, and More
Yuga Labs Buys CryptoPunks, 1inch Wallet Adds NFT Support, and More

Larva Labs co-founder Matt Hall and John Watkinson are not joining Yuga and will continue to lead projects outside of Larva Labs. They explained in a blog post that as the category of profile picture projects, or PFP, grew into an industry in its own right, “we saw [Yuga Labs] the skills and experience in that area that we lacked.”

NFT support is added to 1 inch wallet

The 1 inch network has announced that 1 inch wallet users will be able to see the NFTs they have in their address and check information about them. This feature aims to make it easier to store and manage NFTs and allow users to send NFTs to other wallets.

1inch Wallet has integrated the OpenSea API to add NFT support. The NFT support feature is currently available on the Ethereum and Polygon networks and will reportedly be extended to other chains “soon”..

The San Antonio Spurs are auctioning basketball games

The San Antonio Spurs released the “NFT 1,336 Coach Pop Collection” to honor the 1,336 career wins of head coach Gregg Popovich, known as “Coach Pop.”. The team has won five NBA championships and Coach Pop broke the winning record for any coach in NBA history. The collection includes hand-drawn digital recreations of Popovich’s plays. 100% of the proceeds go to the San Antonio Food Bank at the request of the trainer.

Spurs veteran assistant coach Brett Brown originally came up with the idea of ​​commemorating the NBA’s most successful head coach through an NFT auction. Of the 1,336 total pieces, five are 1:1 auctions, which include the physical game card and a Spurs experience next season for the winner. The other 1,331 NFTs are a combination of the five game maps and five pitches the Spurs played on during Coach Pop’s tenure.

Other nifty news

The Wednesday, Coinbase has launched a new feature called Coinbase Pay, which allows its customers to fund their Coinbase wallets directly through a Chrome browser extension.. According to its employees, Coinbase Pay aims to make it intuitive for everyone to participate in decentralized finance (DeFi), trade tokens on decentralized exchanges (DEXs) and buy non-fungible tokens with just a few clicks.

The annual South by Southwest conference, or SXSW, kicked off this past weekend with “NFT Everywhere.”. Companies from Doodles to Porsche offered NFT-themed installations to thousands of attendees in Austin, Texas. SXSW had been canceled for the past two years due to the COVID-19 pandemic.

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