BAYC

Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFT collection, has announced the sale of the intellectual property rights for two of its games. This move is part of Yuga Labs’ previously declared commitment to refocus its organizational efforts. Yuga Labs Hands Over Gaming IPs to Faraway In an April 17 announcement on X, Yuga Labs revealed the decision to transfer the IP rights of HV-MTL and Legends of the Mara to Faraway. We have some exciting news…

The Bored Ape Yacht Club (BAYC), formerly a leading Ethereum non-fungible token (NFT) market collection, has witnessed a significant decrease in its floor price. This downturn signifies a reduction exceeding 90% from its historical peak, noted approximately two and a half years ago. BAYC is nearing a sub-10 NFT floor price, a development attributed to a 50% decline since March 1st alone. BAYC Floor Price Plummets Below 11 ETH According to data from NFT Price Floor, on Monday, April 15,…

Several BAYC and CryptoPunks collectors who put up their tokens as collateral backing for Ethereum loans have been unable to settle their dues. Crypto analysts believe this could mark the onset of the first major liquidation crisis in the NFT industry.  BendDAO Loans and Possible Risks Rumors of a liquidation spiral began earlier this week following a post about NFT lending platform BendDAO. BendDAO is a web3 protocol that allows users to take out loans in Ethereum using their non-fungible…

Over the past day, the leading NFT collection, Bored Ape Yacht Club has seen its gross sales volume rise considerably. The project has also experienced a corresponding increase in the number of traders despite the ongoing crypto/NFT winter.  Bored Ape #5383 Sells for $1.45 Million According to reports from data analysis platform DappRadar, BAYC sales have jumped 100% since yesterday. The NFT project witnessed 16 transactions as the overall number of traders grew by 125%, making for a total of…

KuCoin, one of the most popular crypto exchanges, has launched an exchange-traded fund (ETF) to increase liquidity for NFT collections like Bored Ape Yacht Club (BAYC). This new service should help investors access non-fungible tokens and boost the assets’ widespread availability. The Seychelles-based exchange partnered with NFT infrastructure provider Fracton Protocol to ensure the project’s feasibility. A USDT-Dominated ETF The KuCoin NFT ETF is using Tether (USDT) as the crypto reference for its trading operations, including five different funds. The…

ApeCoin is expanding its suite of community services with the Bored Ape Gazette, a newsletter reporting relevant news for members of the extended Yuga Labs family. The publication will receive $150,000 to launch, pay freelancers, and overhaul its website from ApeCoin DAO’s treasury. Moreover, these funds should last for one year. The AIP-70 proposal, detailing the Bored Ape Gazette’s development, underwent voting earlier last week. Over 1.1 million members of the ApeCoin DAO approved it. Meanwhile, only around 149,000 members…

Bored Ape Yacht Club (BAYC) NFTs hit the market in April 2021 and instantly gained massive popularity. Moreover, it lit up the PFP NFT market, now emerging as one of the most exciting and profitable digital asset investment sectors. This article looks at the 5 BAYC-like NFT projects that hope to mimic the same success. But first, we dive deeper into the world of PFP non-fungible tokens to discover what makes them so popular and desirable. What Are PFP NFTs?…

This afternoon, Bored Ape Yacht Club raised an alarm on Twitter, announcing a forceful takeover of its Instagram account. More than $10 million worth of NFTs has been stolen in the aftermath of the attack.  According to the tweet, someone hacked the team's official Instagram account. BAYC team swiftly advised users to refrain from following any prompts or instructions given by the account. However, it appears that their announcement came too late, as many had already fallen victim. https://twitter.com/BoredApeYC/status/1518590210686308354?s=20&t=_tT-JeyNNBlpX3xJg5StsA How…

The bombshell drop of the APE token sent ripples across the crypto world - with a noticeable effect on ETH gas prices. Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFTs, has issued its own crypto token. As announced on Wednesday, the new ERC-20 token is called ApeCoin ($APE). We’re excited to announce we’re adopting ApeCoin as the primary token for the Bored Ape Yacht Club ecosystem as well as future Yuga products and services. The newly…