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13 May 2021

Meebits NFTs Selling for Six Figures as Larva Labs Banks $80M | Crypto Briefing

Meebits NFTs Selling for Six Figures as Larva Labs Banks $80M | Crypto Briefing


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In a blog piece announcing the collection, Larva Labs wrote that they “hope that the Meebits will be the 3D avatar for virtual worlds, games, and VR.”.

The collection initially went live with a community grant that allowed Punk and Autoglyphs owners to mint their own Meebits for free.

One character could be minted per Punk or Glyph, which allowed those with multiple Larva Labs pieces to take a significant supply of the Meebits collection.

Shortly after the community grant started, a public sale of 9,000 Meebits went live in a Dutch auction format.

They were priced at a much more affordable 0.08 ETH, but the creators don’t have the same prestige that Larva Labs do. .

Moreover, by generously rewarding early Larva Labs supporters, the community grant effectively enriched those who have already benefited from Larva Labs (Punks and Glyphs fetch eye-watering sums on the secondary market these days)

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