The floor price of the CryptoPunks non-fungible token collectibles increased 13% in three hours on rumors that its owner, Yuga Labs, might be “in the process” of selling CryptoPunks intellectual property rights.
The rumor came from “Wale.moca,” a researcher at NFT firm Azuki who cited “several sources close to the matter” in a Jan. 14 X post.
He didn’t disclose who the buyer could be. However, he said it isn’t a Web2 brand, nor is it an existing NFT company such as Pudgy Penguins, Azuki or Doodles.
Cointelegraph reached out to Yuga Labs but didn’t receive an immediate response.
The CryptoPunks floor price increased from 36.6 Ether 
ETHUSD to 41 ETH — worth over $130,000 — in three hours after Wale.moca’s X post, NFT Floor Price data shows.
Selling the intellectual property rights would represent a significant shift in the NFT industry, as Yuga’s CryptoPunks are the most valuable NFTs on the market.
Yuga bought IP…
