Yuga Labs sells Meebits intellectual property to focus on BAYC and Otherside
according to The Block, NFT brand Yuga Labs announced on February 14 that it will sell the Meebits NFT series and its related intellectual property to the newly established Meebit Company (MeebCo). MeebCo plans to expand the Meebits series content, enhance community interaction, and launch new products. Meebits has launched a trading rewards program called Bits, and royalties generated on the OpenSea platform will be distributed between the MeebCo team and project development. Yuga Labs stated that they will focus on the development of the Bored Ape Yacht Club NFT brand and the Otherside metaverse project, but Meebits will still maintain an important position in Otherside.
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