Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
03.14.22
A team of Pillsbury lawyers, led by partners Ron Fleming and Ted Powers in NYC and Ed Cavazos in Austin, Texas, is representing developer Larva Labs in the sale of the IP of the CryptoPunks and Meebits Non-Fungible Token (NFT) collections and 423 CryptoPunks and 1711 Meebits to Yuga Labs.
The deal adds two more highly successful NFT collections to Yuga Labs’ portfolio, which already includes the well-known Bored Ape Yacht Club (BAYC). BAYC has been reported as the market’s most valuable NFT collection, with CryptoPunks the second most valuable.
For more information about the deal, click here.
In addition to Fleming, Cavazos and Powers, the Pillsbury team advising on this transaction includes Corporate associates Juan Pablo Cordon and Adam Samuel Hoskins; Intellectual Property partner Carolyn Toto, counsel Michael Horikawa and senior associate Sandro Serra; Litigation partner David Keyko and attorney Evan Storm; and Tax partner Nora Burke.