Yuga Labs
Nifty News: ‘Degen’ season returns with feet NFTs, disappointing Game of Thrones NFTs and more
‘Degen’ season smells like pixelated feet Feetpix.wtf’s newly launched nonfungible token (NFT) collection, “Feetpix,” has seemingly taken the NFT community by storm with surging trading volumes, prompting some to suggest the return of “degen” season. Feetpix.wtf’s collection soared ahead of Bored Ape Yacht Club (BAYC) on Jan. 11 with the fifth-highest trading volume recorded on NFT marketplace OpenSea. Feetpix NFTs come in different skin tones, nail colors, shoes and backgrounds. Image: OpenSea. The project — which released 10,000 Feetpix NFTs — has traded over 825 Ether (ETH) ($1,157,000) across nearly 18,000 transactions since its release on Jan. 8. Crypto Twitter is still split on what inspired the surge in foot fetish-NFT trading volumes. However, Feetpix noted the absence of a roadmap...
ApeCoin geo-blocks US stakers, two Apes sell for $1M each, marketplace launched
United States-based ApeCoin (APE) holders could miss out on staking rewards after the U.S. was added to a list of regions geo-blocked from using an upcoming APE staking service. Blockchain infrastructure company Horizen Labs, which is building the site on behalf of the ApeCoin decentralized autonomous organization (DAO), revealed the news in a Nov. 24 update regarding ApeStake.io on Twitter, saying “unfortunately, in today’s regulatory environment, we had no good alternative.” Ape Staking Update: Big thanks to the talented community devs for their helpful improvements. Bug Bounty AIP delayed us a bit, so we shortened the pre-deposit period by a week to keep our original 12/12 go-live. Alternate front-end sites going live. See card. pic.twitter.com/mgmP7X3SwQ — Horizen Labs (@HorizenLabs) N...
Nifty News: Yuga Labs launches BAYC council, Animoca backs Cool Cats and more
Yuga Labs has announced a new Bored Ape Yacht Club (BAYC) community council to help the project “grow and thrive.” The team revealed seven council members in an Oct. 5 blog post, noting that they are all OGs who have been around since the early days of the BAYC. Yuga Labs said it assembled a new community council made up of “Apes with a proven track record of proactively and positively contributing to the club since the start.” The members include beijingdou, SeraStargirl, TheMiamiApe, OxEthanDG, OxWave, negithenagi, peterjfang. “This council was formed with the intention of representing the club at large and providing an avenue for new perspectives,” Yuga Labs wrote. Yuga Labs stated that they will engage with the community and gather feedback for the firm, working with Yuga on community-...
The feds are coming for the metaverse — from Axie Infinity to Bored Apes
The metaverse is a futuristic iteration of the internet, featuring a digital economy and an immersive virtual environment alongside other interactive features. This relatively nascent space has gained so much traction in recent years that conservative estimates suggest that by 2024, its total valuation could top $800 billion. Meta (the parent body behind Facebook and Instagram), Google, Microsoft, Nvidia, Nike and others have made Fortune-100-sized metaverse splashes. But with great valuations comes great scrutiny from increasingly tech-savvy financial regulators. Unlike traditional tech products, which often spend years putting growth over revenue, some metaverse projects push questionable monetization schemes on their users prior to launching a live experience. Metaverse real estate is a...
Nifty News: Rumors of new Yuga Labs collection quashed, Budweiser celebrates the Merge and more…
Yuga Labs co-founder Greg Solana (Garga.eth) has shot down rumors that the Bored Ape Yacht Club (BAYC) creators have plans to launch a new NFT collection dubbed “Mecha Apes” by the end of the year. The rumors started swirling after Protos claimed to have obtained leaked documents detailing that Yuga Labs was looking at raising around $50 million from the sale of 100,000 tokenized land plots. After the news was reported via various outlets online, Garga.eth noted it was all “fake news” via Twitter on Sept. 16. fake news https://t.co/KVMaO18IaF — Garga.eth (@CryptoGarga) September 15, 2022 While the rumors have been quashed, given that Yuga Labs has hit the ball out of the park with each project it’s launched so far, and that it has outlined a broad vision for its Metaverse, another NF...
Number of unique BAYC buyers plunged in August to second-lowest on record
According to data from cryptoslam.io, the number of unique buyers for the nonfungible tokens (NFT) collection Bored Ape Yacht Club (BAYC) has fallen to 263 for the month of August, with 438 total transactions. These metrics were the second-lowest on record since the collection’s launch in April 2021. Since crypto winter began earlier this year, the average transaction value of BAYC NFTs has fallen to $106,456, compared to a peak price of $312,101 per ape collectible in April 2022. In May 2021, the collection saw the peak number of buyers and transactions, at 3,550 and 9,255, respectively. An estimated $55 million worth of BAYC and CryptoPunks NFTs are at risk of liquidation due to users pledging them as collateral to take out loans denominated in Ethereum — the price of which h...
Nifty: M&M’s jump into BAYC mania, a Pudgy Penguin sells for 400 ETH and more
Global confectionery giant Mars has teamed up with virtual metaverse band KINGSHIP to create limited edition boxes of M&M’s featuring content from the Bored Ape Yacht Club (BAYC). KINGSHIP is a group made up of three BAYC NFT hodlers and one Mutant Ape Yacht Club (MAYC) owner. As part of the deal, the avatars depicted in the nonfungible token (NFT) art will be printed on the chocolate candies in a select number of boxes. There has been a total of 4,000 boxes created in total, split between two tiers of rarity. The regular tier comes in 3,900 brown celebratory gift boxes, while the 100 gold edition boxes are wrapped in gold and white foil, number 1 to 100 and have the Kingship member’s apes printed on the M&M’s. KINGSHIP M&M’S: Mars Additionally, 6,000 candy gift jars have...
Yuga Labs ‘inappropriately induced’ BAYC investors: Class action
A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy Bored Ape Yacht Club non-fungible tokens (NFTs) and the project’s affiliated ApeCoin (APE) token. The proposed class-action driven by law firm Scott+Scott was published on July 21, claiming that Yuga Labs used celebrity promoters and endorsements to “inflate the price” of the BAYC NFTs and the APE token. It also alleges that Yuga Labs promoted the growth prospects and chance for huge returns on investment to “unsuspecting investors.” “After selling off millions of dollars of fraudulently promoted NFTs, YUGA LABS launched the Ape Coin to further fleece investors.” “Once it was revealed that the touted growth was entirely dependent on continued promotion (as opposed to actual utility or unde...
ApeCoin price eyes 45% rally following Otherside metaverse demo
ApeCoin (APE) rallied to start the week as traders considered Yuga Labs’ decision to open its Otherside metaverse for selected users. In doing so, the token broke out of a technical pattern that hints at another 45% price rally by September 2022. Otherside metaverse euphoria APE’s price surged by almost 23.5% week-to-date to reach $6.12 a token on July 19. The weekly gains came as a part of a rally that started on July 16. Interestingly, Yuga Labs invited 4,300 players of its Otherside gaming metaverse for a demo—and the tour of its Bored Ape avatar online platform—on the day of APE’s rally. APE/USD daily price chart. Source: TradingView That suggests traders purchased APE after taking cues from the Otherside update, given it serves as a governance token at ApeC...
Otherside Metaverse demo kicks off with 4,500 participants: highlights
Around 4,500 people havejumped into the “first trip” tech demo of the Otherside Metaverse project associated with Yuga Labs’ Bored Ape Yacht Club (BAYC). The highly anticipated first trip occurred on July 16 and was open to Otherdeed NFT land owners, known as Voyagers, who have all snapped up tokenized land plots in the Otherside virtual world. It appears to have been a resounding success, with numerous community members taking to Twitter to express their enthusiasm for the event. Today’s @OthersideMeta First Trip was truly a wild experience! Jumping through the swamp portal legit gave me chills and it was insane to see 4500 voyagers running around a large, immersive space. pic.twitter.com/Nl5luxaZl3 — illuminary.eth (@illuminaryETH) July 16, 2022 The first trip The 4,500 Voyagers fi...
Nifty News: Yuga Labs breaks silence, X2Y2 outpaces OpenSea and more…
Yuga Labs has finally broken its silence over the conspiracy theory that alleges the team embedded alt-right and Nazi memes/imagery into the artwork and branding behind the Bored Ape Yacht Club (BAYC). As Cointelegraph previously reported, the BAYC conspiracy theory was once again brought into the limelight on June 20 after YouTuber Philion published a video exploring the supposed evidence that artist Ryder Ripps initially compiled at the start of this year. In a Medium blog post shared via Twitter on June 25, Yuga Labs co-founder Gordon Goner said that the team finally decided to clear the air after the theory had gotten so much attention that one of their favorite podcasters was talking about it. “We’ve not responded in further detail to these allegations because frankly they are insanel...
NFT markets slump as weekly sales volume dives 30%
The nonfungible token (NFT) collections by Yuga Labs have experienced a dramatic downturn in transaction volume over the past 24 hours. Otherdeed is down just over 50%, Mutant Ape Yacht Club (MAYC) is down 46%, and Bored Ape Yacht Club (BAYC) is down 25% according to data from NFT market tracker NFTGO. Over the past 24 hours, general NFT market activity has mirrored Yuga’s collections, where volume has dropped 31% to $113 million. However, prices have not yet followed suit as the total NFT market cap has dropped marginally to $19.5 billion in the same period. 24hr market analysis by NFTGO Those collections comprise three of the top five traded collections globally. Each collection except Otherdeeds has seen nearly 50% drop-offs in volume over the past seven days as well, possibly ind...
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