What is Meebit? Ready NFTs - Coinleaks
Current Date:September 21, 2024

What is Meebit? Ready NFTs

In May 2021, another Ethereum-based PFP NFT project, Meebit, was introduced by Larva Labs, the creators of CryptoPunks. Meebit is a set of NFT characters with randomly generated features like CryptoPunks.

Meebites are three-dimensional characters created in voxels, unlike their two-dimensional predecessors. They are called 3D because they are bulky pixels.

There are 20,000 Meebits in total. While the majority of Meebit is human, it consists of pigs, elephants, robots, skeletons, visitors and shredded skin. Visually, Meebits resembles characters from games like Minecraft or Roblox.

Meebit and Metaverse

The 3D models that make up meebits are thought to play a pivotal role in the evolving metaverse, a persistent, shared virtual world where users interact with avatars. While some major tech firms are creating centralized metadata stores where they control all virtual assets on the platform, Larva Labs and other Web3 pioneers plan to create a truly decentralized metastore where users can own and move virtual assets in the form of NFTs.

Meebits look different from each other, but what they have in common is that they are expensive. However, some Meebits are more expensive than others because they are rare. For example, Meebit #6337, an algorithmically generated 3D skeleton in a suit, sold for nearly half a million dollars at Christie’s in September 2021.

In March 2022, Yuga Labs, creator of the Bored Ape Yacht Club NFT project, acquired the intellectual property rights of CryptoPunks and Meebits from Larva Labs. “This means we own the trademarks, copyrights in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits,” Yuga Labs said in a blog post.

How to Buy Meebit?

The Meebits site or a secondary marketplace such as OpenSea can be used to purchase Meebit. Meebits does not charge fees in its market for transactions up to 100 Meebits. NFT cannot be bid against other OpenSea bidders in the Meebits market. For this you need to go to OpenSea. If a 3D model of one of the blocky voxel characters is purchased, the entire 3D model and high definition image of Meebit will also be acquired.

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