03-17-2022 icon

Bored Ape Yacht Club Company Acquires CryptoPunks as 1 inch Wallet Prop NFTs

By Lucy Adegbe

Yuga Labs, an announcement, has said they will be buying and adding two more NFTs to their collections. On the other hand, 1-inch Network has granted NFT access to its users.

Yuga Labs’ Acquisition 

The past year has ushered in some popular non-fungible tokens with the acronym NFTs that have become quite dominating in the crypto space.

A Friday statement disclosed that a supporting crew of one of the leading NFTs in trading capacity, Bored Ape Yacht Club, attained the patent to two different notable NFT varieties. 

The collection includes Larva Lab’s Meebits and CryptoPunks. Yuga’s crew, in a tweet, noted how much they admired their predecessors and how privileged they feel to take these brands into the future they have planned out for the company. 

1 Inch Wallet’s Support for NFTs

There has been a rapid increase of NFT holders over the years alongside its rising notability. And this has prompted the 1-inch network to usher in NFT support for their users to access friendlier and worthwhile care and hold NFTs.

Co-founder of 1-inch network, Sergej Kunz posited this step would give their users convenience in collecting and dispatching NFTs across various wallets. 

According to him, “NFTs are a very promising area in the blockchain space and we want to enable users to store and manage their NFTs most conveniently and efficiently”.