Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bored Ape Club
ApeCoin DAO to Fund Bored Ape News Site, the Bored Ape Gazette for $150,000
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…
3 years ago
Universal Music Group Joins the Bored Ape Club
Universal Music Group is the latest institution to join the NFT project Bored Ape Yacht Club. The group’s Web3 label has purchased a Bored Ape character for 125 ETH, which is approximately $361,000. UMG’s Unique WEB3 Label Universal Music Group's Web3 label, branded "10:22PM," is dedicated to "discovering, developing and empowering artists, digital creators, and brands". General Manager of Commercial Content, Celine Joshua, launched the Web3 label in 2018. This was long before the NFT and Web3 media craze. Celine…
3 years ago