CryptoPunks creator Larva Labs launches new NFT project, dubbed 'Meebits'

Similar to CryptoPunks, there is a file hash stored in the smart contract. "Once all 20,000 Meebits have been minted, we'll release the file matching that hash on IPFS. This will contain all the attribute and voxel data for each Meebit, so they can live on in perpetuity," Hall and Watkinson wrote.

The Meebits launch will have two distinct components: a community grant and a sale.

Through the community grant, CryptoPunks and Autoglyphs owners can "redeem" their collectibles for a free Meebit. Owners can still keep the Punk or Glyph but the Meebits contract will mark it as "used" once the Meebit has been claimed. The remaining Meebits will be available for sale.

Nobody knows which Meebits they will receive, but holders will have the chance to trade their collectibles on a newly-developed marketplace.