Ethereum NFT: Meebits IP Sold, Rewards Unveiled

Meebits NFT IP Acquired by MeebCo, Launches Bits Rewards

• The Meebit Company (MeebCo) has acquired the Meebits NFT IP from Yuga Labs.
• Yuga Labs initially purchased the IP from Larva Labs in 2022.
• MeebCo is backed by crypto venture fund 1confirmation and led by CEO Sergio Silva.
• A new rewards system called Bits has been introduced to enhance community engagement.
• The current floor price for Meebits is under $2,000 worth of ETH, following a recent price spike.

Ownership of the Meebits NFT collection has transferred to The Meebit Company, which plans to drive community participation with a new rewards system called Bits. The acquisition follows Yuga Labs’ previous purchase of the IP from Larva Labs in 2022.