Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Larva Labs Signs With United Talent Agency – CryptoPunks Go Hollywood

Larva Labs Signs With United Talent Agency – CryptoPunks Go Hollywood

Larva Labs, the studio behind NFT projects such as CryptoPunks and Meebits, has signed United Talent Agency to represent them, as they look for film, TV, and video game projects.

CryptoPunks is one of the biggest things in NFT crypto collectibles, with the Ethereum-based pixel avatars, released in 2017, well before this year’s NFT market boom, recently surpassing the $1 billion mark in total transaction volume to date.

CryptoPunks Go Hollywood

United Talent Agency (UTA) announced on Tuesday that it has signed Larva Labs, the development duo behind CryptoPunks, along with fellow NFT projects Meebits and Autoglyphs. The agency will represent Larva Labs as it pursues projects based on its original properties in film, television, video games, and other entertainment platforms, along with publishing and licensing opportunities.

Larva Labs co-founder Matt Hall commented:

“We are excited to work with UTA for the benefit of the entire community connected to our projects. Not only for the exciting opportunities to bring them wider exposure, but to help protect their growth and value for the long term.”

CryptoPunks is a set of 10,000 pixel art avatars that were randomly built from a pool of dozens of possible traits. An NFT is a type of token that acts like a receipt or a deed of ownership for a digital item, and in this case, it affirms ownership in a pixelated person, zombie, alien, or ape with various attributes and accessories. All CryptoPunks are unique.

As the wider NFT market exploded in popularity earlier this year, netting $2.5 billion in trading volume in the first half of 2021, so too did demand for CryptoPunks. That demand has accelerated in recent weeks, and CryptoPunks alone has now generated $1.17 billion worth of Ethereum in trading volume to date, according to CryptoSlam. The most affordable CryptoPunk NFT available for purchase right now starts at over $407,000 worth of ETH. Even financial giant Visa recently bought a CryptoPunks NFT.

Larva Labs’ Meebits are 3D voxel-based avatars in a similar spirit to CryptoPunks, and they are intended for use in future metaverse and online gaming worlds. Meebits just launched this May with 20,000 avatars, but has already accounted for $191 million worth of trading volume to date.

Meanwhile, Autoglyphs is a generative art project that predates the recently-surging Art Blocks, but it’s limited to just 512 pieces. Autoglyphs has generated $16 million in trading volume to date, including multiple single NFT sales above $1 million apiece worth of ETH.

The NFT world only caught widespread attention earlier this year, but this isn’t the first instance of Hollywood and NFTs crossing paths. Original NFT character Aku by artist Micah Johnson has been optioned for a feature film, for example, with plans to let his community of collectors help shape the growing intellectual property.

Meanwhile, animated series Stoner Cats, featuring actors Mila Kunis and Ashton Kutcher, recently used NFTs to fund its first season of episodes, which will only be distributed to token owners. And in May, Fox Entertainment announced the formation of Blockchain Creation Studios, which will produce an NFT-centric animated series called “Krapopolis” from “Rick and Morty” co-creator Dan Harmon. Fox will invest $100 million into its NFT-related initiatives.

Source: Larva Labs Signs With United Talent Agency – CryptoPunks Go Hollywood – Fintechs.fi

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
Wave of Complaints Against Apple Over iPhone 17 Pro’s Scratch Sensitivity
Munich Airport Reopens After Second Drone Shutdown
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
The Personality Rights Challenge in India’s AI Era
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Study Finds No Safe Level of Alcohol for Dementia Risk
Trump Says Ukraine Can Fully Restore Borders with NATO Backing
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Germany Weighs Excluding France from Key European Fighter Jet Programme
Cyberattack Disrupts Check-in and Boarding Systems at Major European Airports
Björn Borg Breaks Silence: Memoir Reveals Addiction, Shame and Cancer Battle
When Extremism Hijacks Idealism: How the Baader-Meinhof Gang Emerged and Fell
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
Trump Orders $100,000 Fee on H-1B Visas and Launches ‘Gold Card’ Immigration Pathway
France’s Looming Budget Crisis and Political Fracture Raise Fears of Becoming Europe’s “Sick Man”
Three Russian MiG-31 Jets Breach Estonian Airspace in ‘Unprecedentedly Brazen’ NATO Incident
European manufacturers against ban on polluting cars: "The industry may collapse"
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
U.S. and China Agree on Framework to Shift TikTok to American Ownership
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
The New Life of Novak Djokovic
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
×