Yuga should sell Cryptopunks to @cobie? 👀✨
NEW: @cobie CLAIMS TO HAVE ASKED WHETHER @yugalabs WOULD SELL ITS @cryptopunksnfts IP, AND THAT @CryptoGarga SAID NO - "... THINK A SYNDICATE OF PUNK OWNERS INC ME WOULD BUY IT AS A GROUP AND BASICALLY DORMANT IT" https://t.co/V5djoqXvni
NEWS: @cobie tried to purchase the CryptoPunks IP from Yuga Labs but @CryptoGarga said it’s not for sale
Cobie attempted to purchase the CryptoPunks intellectual property (IP) from Yuga Labs, but CryptoGarga, a representative of Yuga Labs, stated that it is not for sale. Cobie mentioned that a syndicate of Punk owners, including himself, would buy the IP as a group and essentially keep it dormant. Yuga Labs has been criticized for their handling of the situation, with some suggesting that they would have been better off allowing the creation of a cheaper NFT marketplace rather than spending $20,000,000 on a lawsuit. Additionally, Yuga Labs is attempting to enforce a 6% royalty fee on their holders.
