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Tag Archives: Bored Ape Yacht Club (BAYC)

BendDAO in Trouble, Ethereum Reserves Drained

BendDAO – a lending protocol for non-fungible tokens (NFTs) – is the latest project to have been hit with an insolvency crisis. The five-month-old platform has reportedly run out of ETH over the weekend. According to the researcher, NFTStatistics.eth, BendDAO is just left with 12.5 WETH in the contract. The lenders of BendDAO have landed in a sketchy situation. Its co-founder said they have come up with a proposal to improve the protocol, hoping to make out of the crisis....

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BAYC Sales Soar 100% Overnight as Ape #5383 Sells For $1.45 Million

Bored Ape Yacht Club saw a considerable increase in its overall sales volume and the number of traders for the past 24 hours. This happens as Bored Ape #5383 was sold for 777 ETH, worth some $1.45 million at the time of this writing. Bored Ape Yacht Club is arguably the most popular collection of non-fungible tokens and surely the one with the highest floor price. At the time of writing this article, the floor price sits at 72 ETH. Data from DappRadar shows that over the past...

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Ripps Ryder Claims his Bored Ape NFTs Are “Artistic Criticism”

As per Ripps’s filing on Monday, the artist has asked a Los Angeles federal court to stop a trademark lawsuit brought against him by the BAYC creator. He further argued that his NFTs of the apes were a type of “appropriation art” meant as criticism and protected by the First Amendment. His NFTs of Bored Apes reportedly aimed to bring Yuga Labs’ attention to alleged racism. He also called it an “act of protest” against the NFT giant. For context, Ripps has been a vocal critic...

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Costly Mistake: Someone Just Sold a Bored Ape NFT for 200 USDC

When it comes to blockchain transactions, some mistakes are irreversible and could cost one a fortune. Sadly, though, every now and then, crypto investors make these as the most recent one was from the owner of Ape #6462, who sold the NFT for $200 USDC. BAYC Holder Sells Ape #6462 for $200 On Sunday, Boredapebot, a Twitter handle that posts sales of Apes from the Bored Ape Yacht Club (BAYC) collection, revealed that someone sold Ape #6462 for a measly 200 USDC ($200). Bored...

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Yuga Labs’ NFTs Trading Volumes Slump Amid Crypto Selloffs

The Otherdeed NFTs drop caught massive attention from the industry last week as high demand triggered unprecedented Ethereum fees. Otherdeeds are the NFT collection for claiming virtual land in Otherside, the metaverse space created by Yuga Labs – the parent company behind Bored Apes Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) However, as the crypto bloodbath continues with Bitcoin dumping to the lowest point since last July, the transaction volume for blue-chips NFT...

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$37 Billion Sent to NFT Marketplaces in 4 Months, Chainalysis Reports

Blockchain analytics firm Chainalysis’ latest report indicates that NFT activities have slowed down in 2022, with growth beginning to pick up again since mid-April. The document also noted that growing interest derived from retail investors – as shown in the rising number of small-sized transfers – has not yet overridden the market share dominated by institutional investors. NFT Activities Stabilized in 2022 In the wake of the impressive growth in 2021 – culminating in...

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BAYC’s Otherside: Nearly $200M Gas Burnt in Hours, ApeCoin Crashes 30%

The highly-anticipated virtual land sale related to Yuga Labs’ metaverse project went live hours ago and affected a large portion of the entire crypto market. The massive demand led to ETH fees worth nearly $200 million, while ApeCoin’s price slumped by double digits after the sale. Ever since Yuga Labs, the creators of popular NFT projects such as Bored Ape Yacht Club, announced the metaverse project Otherside, the anticipation for the actual sale was soaring. This led to a...

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Beware: BAYC Instagram Hacked, Several Bored Ape NFTs Already Lost

Bored Ape Yacht Club (BAYC) confirmed over Twitter on Monday that its Instagram account was hacked. A scam link posted by the hacker appears to have resulted in multiple valuable NFTs being stolen from victims. The link, which has since been taken down, led to a page claiming to be sponsored by Yuga Labs. It called on users to connect their MetaMask wallet in order to be airdropped LAND – an upcoming governance and utility token. However, multiple holders are now claiming to...

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Bored Apes Yacht Club Reveals Date for Otherside Meta Project, APE Soars 40% Weekly

Yuga Labs – the team behind the Bored Apes Yacht Club – has revealed the date for the much-anticipated Otherside project and has also confirmed that APE coin will be the official means of payment. In a tweet from April 23rd, the team behind the Bored Apes Yacht Club confirmed that their much-anticipated Otherside project will launch at the end of the month – on April 30. The adventure begins. Otherside. 4/30, 12pm ET. P.S. Otherside Discord is open:...

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Bitcoin is a Super Strong Investment, Says Tennis Champion Serena Williams

One of the most successful tennis players of all time – Serena Williams – teamed up with Block Inc’s money transfer service provider – Cash App – to provide women and people of color with further financial access to bitcoin. She praised the primary cryptocurrency as the leader in the industry, calling it a ”super-strong investment.” Williams is a Bitcoin Bull The Jack Dorsey-led firm – Block – announced the collaboration with the tennis superstar at the Miami Bitcoin...

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