NFT Collection Meebits to Release IP Agreement on August 15th

The NFT collection of Meebits announced that on August 15th it will the IP agreement that will give Meebits a BAYC-esque licensing rights that will allow owners to produce a spectrum of content to push their owned Meebits forward in real life and the metaverse. However, Meebits are not allowed to be used for any unlawful purposes or hate speech. In addition, Yuga Labs will reserve the right to make changes. Previously, Yuga Labs got a 5% royalty on secondary sales of Meebits from July 29th.