Yuga Labs to Collect 5% Royalty On Meebits

It was bound to happen eventually.

After buying the rights to CryptoPunks and Meebits from Larva Labs in March and bringing on Noah Davis from Christies to manage the Punks brand, Yuga Labs is making moves to monetize its purchase.

On July 28, Yuga Labs said that it would immediately start collecting a 5% royalty on all secondary sales of Meebits.

Following the move, CryptoPunks is now the only major NFT collection that doesn’t charge royalties on secondary sales, though perhaps not for long.

Unstoppable Domains Raises $65M

Web3 identity startup Unstoppable Domains has raised $65M in Series A funding. The round was led by Pantera Capital and values the company at $1B.

Similar to ENS domains, Unstoppable allows users to purchase NFT-based domain names for their blockchain wallets.

According to the website, more than 2.4M domains have been registered through the platform.

RTFKT Augmented Reality Hoodie

On July 21, RTFKT, the Nike-backed NFT studio behind the popular CloneX collection, released a collection of 8,888 NFTs that could be redeemed for physical apparel.

Holders could “forge” their hoodies from July 21 to 25, and the physical garments will contain NFC chips to link them to their companion NFTs.

On July 28, RTFKT teased the next forging event for CloneX holders.

Potatoz Top OpenSea Charts

9gag, once the Internet’s go-to for memes, is planning a foray into Web3 with Memeland, its own metaverse complete with a $MEME token.

The Potatoz is a collection of 9,999 “utility-enabled” NFTs that was released as a free mint on July 21. The NFTs are expected to serve as access passes to future Memeland drops and have generated over 6,400 ETH ($10.8M) in secondary sales on OpenSea, taking the top spot this week.

<em>Potatoz #471, one of nine with the ‘Galaxy’ trait, sold for 16 ETH ($28,000) on July 24.</em>
Potatoz #471, one of nine with the ‘Galaxy’ trait, sold for 16 ETH ($28,000) on July 24.

Not too shabby for a free mint.

Ledger Genesis

The company behind the popular hardware wallet launched its NFT marketplace and curation platform, Ledger Market, on July 26. 10,000 Genesis Passes were sold at 0.3 ETH ($500) apiece and the collection minted out in less than a day.

Passes “will allow owners to redeem a limited edition Ledger Black-on-Black Nano X and have access to future drops.”