Roundup: BAYC acquires CryptoPunks, MSCHF and Fanatics release new collections
Moriah Costa

📰 In the Headlines

BAYC creator YugaLabs has acquired the CryptoPunks NFT collection  

• YugaLabs, the creator of Bored Apes Yacht Club, has bought the CryptoPunks and Meebits projects from owner LarvaLabs. The terms weren’t disclosed, but the collections are worth a combined $3.6b.  

• YugaLabs also benefits from CryptoPunks’s cultural status as one of the OG NFT projects. The 10,000 Punks were first released for free in 2017. Today, owning one means that you’re either really well-off or an early adopter of NFTs.  

Fun Fact: The acquisition comes amid rumors that YugaLabs is seeking funding from big names like Andreessen Horowitz. Before the CryptoPunks announcement, YugaLabs was hoping to be valued at around $5b. The new acquisition could bump up that figure.

MSCHF’s new sneaker collection is the first step in becoming a major footwear brand  

• MSCHF, the sneaker brand known for its subversive (and lawsuit-sparking) alterations of Nike shoes, is launching its first original line. Unlike its previous products, MSCHF Sneakers are designed by the company.  

• The brand is still pushing boundaries, though. The TAP3, MSCHF’s first style, has a similar silhouette to a Nike AF1, but is wrapped with strips of MSCHF-branded packing tape. The box resembles a Nike box and has the logos blacked out.  

Fun Fact: The TAP3 will be available on MSCHF’s app and on its website. The brand is tight-lipped about future drops, but says they will include collabs with well-known musicians and takes on other iconic sneaker formats.

Fanatics launches a new trading card brand with an emphasis on digital sales  

• Fanatics Collectibles recently announced its new trading card brand, zerocool, which focuses on trading card versions of NFTs and other digital products. The brand is a collab with VeeFriends, Gary Vaynerchuk’s NFT collection.

• All zerocool sales will use the Blind Dutch Auction format. This means that if there are 1,000 boxes for sale and 1,500 offers, the 1,000th highest bid is what everyone pays.  

Fun Fact: You may be wondering if this has anything to do with Fanatics’s recent acquisition of Topps. Kind of. Topps’s older products will stay with that brand, though newer ones may have zerocool crossovers.  

🔥 From the Otis Collection

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• Tampa Bay Buccaneers quarterback Tom Brady is returning from his retirement after only 40 days, but not before his “final” career touchdown ball sold for $518k at auction house, Lelands. Otis has a Tom Brady Rookie Card (2000 SP Authentic #118 /1250 PSA 10) trading on the platform.  

• A Joe Montana Rookie Card (1981 Topps Football #216 PSA 10) sold for $103.2k at Goldin Auctions on Monday. Otis has the same card, which was trading at a market cap of$58.5k as of trading close 3/17.  

• Los Angeles’ Lakers Lebron James became the first NBA player to reach 10,000 points, rebounds, and assists on Sunday. That same day, a Lebron Rookie Card (2003 Topps Chrome Refractor #111 PSA 10) sold for $72k at Goldin Auctions. Otis has the same card trading on the platform at a market cap of ~$60.6k as of trading close 3/17.

• The first U.S. Super Nintendo World is set to open at Universal Studios in Hollywood in 2023. Otis has a number of Nintendo assets on the platform, such as Mario Kart 64 (Wata 9.2, A ++ Sealed) and Super Mario Bros (Wata 9.4, A+ Sealed, NES).

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