MEEB MOVES: Longtime Meeb Sergito’s Meebit Company Acquires The Meebits From Yuga Labs!

The Meebits are on the move! Yuga Labs announced today that the newly formed Meebit Company—led by longtime Meeb Sergito and backed by 1Confirmation—has acquired the brand!

On Friday, Yuga Labs officially passed the torch, selling the voxel-based NFT project it acquired from Larva Labs in 2022 to the Meebit Company for an undisclosed amount. With this move, Yuga is free to focus on Apes and Otherside, while the Meebits step into its main character era with a Meebit focused team and brand at the helm.

 

Following the announcement, Sergito shared his excitement about the acquisition, calling it a dream come true.

“Thrilled to announce we’ve acquired @MeebitsNFTs,” he tweeted. “Personally, it’s a dream come true, and I’m honored to steward and develop the Meebs into the future. Huge thanks to @CryptoGarga and @yugalabs for the transaction, @1confirmation for the funding, and @DayOneLawfor the counsel. Meebits have been my Roman Empire since 2021, and every member of the MeebCo team has been just as enamored from day one. We’re beyond excited to unleash their full potential and cement their rightful place in the canon of digital art, NFTs, and network-connected objects.”

 

 

Wasting no time, the Meebit Company hit the ground running, announcing a collaboration with OpenSea called "Bits," a new reward system for the Meebs.

 

 

After the deal was made public, Yuga Labs CEO Garga congratulated Sergito and expressed his excitement for what’s next for the 20,000 voxels!

“Steering an NFT project to success takes vision, dedication, and a deep love for the community,” he wrote. “Meebits couldn’t be in better hands with @sergitosergito and the team at MeebCo—excited to see them push the Meebs to new heights, and to see their plan for Bits unfold. Onward!”

 

Today's move aligns with Garga's long-standing vision for a more focused Yuga Labs. Since returning as CEO in February 2023, he has sold HV-MTLs and Maras to Faraway, pushed for a more crypto-native approach, and doubled down on Yuga’s flagship brands, Apes and Otherside.

 

The Bored Ape Gazette will continue to follow Yuga Labs and the Meebits company and will let you know what’s next for each of these brands. Stay tuned for updates!