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The Defiant 2025-01-15 16:16:39

CryptoPunks Rally on IP Acquisition Speculation

CryptoPunks, the leading profile picture (PFP) NFT collection, is starting to pick up steam as rumors swirl surrounding a potential acquisition of the IP rights from its current owner, Yuga Labs. Speculation ramped up further on Jan. 14th when a researcher for Azuki, known as Wale on social media posted that they have heard from ”several sources close to the matter” that “Yuga Labs might be in the process of selling the CryptoPunks IP,” to a buyer who plans to leave the IP untouched.” Since Wale’s post, the floor price for CryptoPunks is up by over 10% to 40.5 ETH, or $134,000, from 36.5 ETH, or $120,000. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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