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Meebits

Meebits

by Larva Labs(May 3, 2021)
Rank #40
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Meebits price floor and sales live data

Meebits is an NFT collectible created by Larva Labs that was released on 5-3-2021. The project consists of 20,000 unique digital items living on the Ethereum blockchain. We categorize it as a pfp/avatar project and it's part of the Yuga Labs general collection.

What is Meebits NFT?

We can start saying that a Meebits is a type of non-fungible token, that was created using an algorithm contained on an smart contract deployed on the Ethereum blockchain. However, let’s take this definition to the ground, to allow everyone to understand it.

Talking about the Meebits NFT collection, it consists of 20,000 unique 3D-voxel characters, each with its own randomly generated traits. The Meebits is a project whic was inspired by characters from popular games like Minecraft and Roblox. The Meebits NFTs, can be broken down into seven different types, including humans, pigs, and skeletons. Each character has a range of unique features like tattoos, hats, and glasses, which makes them one-of-a-kind.

Meebits are usuallyused as profile pictures on social media or as avatars in the metaverse. The OBJ file that comes with each NFT makes it possible for holders to 3D-print their Meebits and own a physical piece of art, a feature that make them even more unique. This cute 3D models, that form the Meebits collection, are expected to play an essential role in an emerging metaverse, a virtual world where users can interact using avatars. Behind this collection, we find an extremely famous NFT name, Larva Labs.

The Meebits project has been a runaway success, and it goes without saying that, owning a 3D model of one's avatar is an exciting prospect for many NFT fans, and the rarity of has driven up Meebits floor prices significantly. For example, Meebit #6337, a 3D skeleton in a suit, sold for about half a million dollars at a Christie's auction in September 2021.

The Meebits were created under the Ethereum ERC-721 token standard. They are traded on a proprietary marketplace without any fees, but they can also be traded on any Ethereum-based NFT market, like for example Opensea. While some big tech companies are building centralized metaverses where they control all the virtual assets, Larva Labs and other Web3 pioneers hope to create a truly decentralized metaverse. In this metaverse, users would own virtual assets in the form of NFTs that can be migrated between different platforms. With the potential to become a crucial part of the metaverse, Meebits' unique 3D models have made them a highly desirable NFT for collectors and digital art investors.

Meebits Rarity

Meebits are highly valuable NFTs due to their rarity and the community's enthusiasm for sharing and trading. There are seven different Meebit types, each with varying levels of rarity. The seven types, in ascending order of rarity, are Humans, Pigs, Elephants, Robots, Skeletons, Visitors, and the truly exclusive Dissected type. Only five of the latter type have been minted, making it the most sought-after Meebit NFT.

Larva Labs encouraged the Meebits community to trade and share NFTs, which helped create a strong demand for the Meebits NFTs. The official Meebits NFT marketplace offers users a painless user experience, with zero-fee transactions for simple buy, bid, and ask options. The marketplace also offers more complex transactions, such as "like-kind" trades involving up to 100 Meebits. The Meebits marketplace is partly run off-chain to minimize gas fees and network usage, making it more affordable for users.

If you are wondering, how to buy Meebits, the Meebits marketplace's UI provides users with a wealth of information at a glance, making it easy to browse and purchase Meebits. While the option remains for those who want to buy Meebits through a larger NFT marketplace, such as OpenSea and the Crypto.com NFT marketplace, where Meebits for sale are widely available. Thanks to the Meebits' rarity, value, and convenience, they remain a top choice on the NFT ecosystem.

The Meebits crypto NFTs: its relation with Yuga Labs

Yuga Labs, the famous creators of the highly successful Bored Ape Yacht Club NFT project, acquired the intellectual property rights for both CryptoPunks and Meebits from Larva Labs in March 2022. This deal included ownership of the brands, copyright in the art, and other IP rights for both collections, as well as 423 CryptoPunks and 1711 Meebits.

After acquiring Meebits, Yuga Labs granted the same commercial property rights to Meebits holders as the Bored Ape Yacht Club NFT holders, allowing them to use the images for commercial purposes. Yuga Labs has also taken on the role of steward of the Meebits brand and is working to encourage its development. As part of this effort, Yuga Labs purchased 1,711 Meebits and added a 5% royalty on secondary sales of Meebits to support the ongoing success of the project.

While Yuga Labs has not yet disclosed its plans for the Meebits project, the company has stated that its vision centers on core community values such as play, DIY experimentation, tech minimalism, and interoperability. With Yuga Labs at the helm, Meebits holders can look forward to continued growth and development of the project, as well as the potential for exciting new opportunities in the NFT space.

What was Meebits NFTs mint price, and which was the most expensive one ever sold?

The Meebits NFT mint price was 0.05 ETH. However, for those who already owned a previous Larva Labs NFT, there was a 7-day window to claim one for free. The succes of this collection, can be easily seen when we compare its mint Meebit price with the Meebit #17522 selling price. It was of the most expensive Meebit NFTs on the secondary market, having been sold for 1,000 ETH, or approximately $2.1 million, at the time of selling. This Meebit NFT belongs to the 'Pig' type and has a unique bald hairstyle, as well as a regular pair of pants, a CGS shirt & leather jacket, and a black hat.

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