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Yuga Labs, the digital asset incubation studio and the group behind the favored Bored Ape Yacht Membership, has determined to clamp down metadata of its not too long ago launched Ethereum Punks. The digital asset studio has additionally taken down its Ethereum Punks web site.
On the request of Yuga Labs, the proprietor of CryptoPunks, I’m taking down the Ethereum Punks web site, eradicating all Ethereum Punks photos from https://t.co/ZcR9HKlexS, and deleting my Tweets that reference Ethereum Punks, together with my Tweet introducing the Ethscriptions Protocol.
— Middlemarch (@dumbnamenumbers) July 11, 2023
Yuga Labs Takes Down Ethereum Punks
Launched in late 2021, Yuga Labs is dwelling to standard non-fungible tokens, together with Mutant Ape Yacht Membership, Bored Ape Kennel Membership, Twelvefold, HV-MTL, Otherdeed for Otherside, and Koda NFTs. The digital asset additionally owns mental property “IP” to Meebits and CryptoPunks.
Since its inception, Yuga Labs has been one of the profitable NFT startups within the quick historical past of crypto. Throughout this era, the digital asset agency has been modern and dynamic, launching its mission primarily primarily based on market hype and crypto cycles.
In late 2021, when the NFT market blossomed, Ethereum NFTs had been probably the most traded NFTs. The market hype attracted Yuga Labs to launch a number of NFTs, together with Bored Ape Yacht Membership, Bored Ape Kennel, and Mutant Ape Yacht Membership.
Earlier this yr, NFTs hosted on Bitcoin, the flagship crypto, made inroads into the crypto market, dethroning dominant Ethereum NFTs and turning into probably the most talked about NFTs. Once more, Yuga Labs adopted the market hype and launched NFTs on the Bitcoin community, together with Bitcoin Punks.
Bitcoin NFTs, often known as Ordinals, have not too long ago gained traction amongst traders and creators, attracting the evolution of Ethscrptions. As its routine, Yuga Labs dived into the Ethscription NFT ecosystem and launched a number of NFTs, together with Ethereum Punks.
What Makes Yuga Labs Step Again On Ethscriptions?
Sadly, issues haven’t gone as anticipated, and Yuga Labs has determined to clamp down on Ethereum Punks. The NFT assortment appeared much like the unique CryptoPunks, posing the necessity for a real CryptoPunk. It’s value noting that Chiru Labs suffered a neighborhood backlash after launching its Azuki Elementals that appeared much like the unique Azuki.
ONE IS AN AZUKI AND ONE IS AN ELEMENTAL…. OMG … WHAT THE FCKKKKKKKKKK … I’m down a lot fucking cash man …. FUCKKKKNN pic.twitter.com/KGFyEipXzb
— Wizard Of SoHo (🍷,🍷) (@wizardofsoho) June 27, 2023
Within the meantime, Yuga Labs has requested Middlemarch, the Ethscriptions protocol creator, to take down the Ethereum Punks web site. The digital asset agency has additionally directed the creator to take away all Ethereum Punks photos from Ethscriptions.com and delete all tweets referring to Ethereum Punks.
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