This week was action-packed, and even though the broader cryptocurrency market managed to recover some of the losses from the previous period. Bitcoin maintains relative stability around $40K and seems to have reclaimed the level. Let’s unpack. Bitcoin was sitting at around $39,000 this time last week, and we saw little to no action for quite a while. On Monday, the price dipped below $38K, but the bulls were quick to step up, and all losses were recovered by the end of the...
Read More »What is APE Coin? The Cryptocurrency Behind Bored Ape Yacht Club NFTs
The Bored Ape Yacht Club and the associated NFT collections have turned into one of the most widely-discussed topics of 2021, and the buzz doesn’t seem to fade in 2022. Something that the team had hinted at a few months back was the creation of a native cryptocurrency – APE coin – that would power the entire ecosystem. Now, this has become a reality. In this article, we’re taking a closer look at the long-awaited APE coin by Yuga Labs – the creators of the Bored Ape Yacht...
Read More »BAYC Floor Price Skyrockets 25% as Yuga Labs Buys CryptoPunks and Meebits Collections
The Bored Ape Yacht Club NFT collection saw its floor price surge by about 25% in less than a day. The move comes following major developments announced by the company behind it. Yuga Labs – the company that took the responsibility for creating the Bored Ape Yacht Club NFT collections – revealed they’ve acquired the CryptoPunks and Meebits collections. In essence, Yuga Labs acquired the intellectual property rights to both series. Today we’re excited to announce that Yuga has...
Read More »Bored Ape Yacht Club Community With Mixed Reactions Following a KYC Prompt by Yuga Labs and Animoca
The Bored Ape Yacht Club hinted at another initiative earlier today without providing any specifics and once again sparked the curiosity of many. However, upon following the provided link, users were met with a KYC prompt, and many were less than happy. Earlier today, the official Twitter account of the Bored Ape Yacht Club posted a link carrying the domain somethingisbrewing. The team further explained that it’s something they’ve been working with Animoca Brands. This has...
Read More »Investing in NFTs: 12 Must-Read Tips to Spot the Best Projects
The space of non-fungible tokens (NFTs) has grown exponentially over the past year, and this produced quite a few consequences. For once, there are thousands of NFT projects spawning every single day, and the entire space resembles a lot of what we’ve seen during previous hype cycles with initial coin offerings (ICOs), initial DEX offerings (IDOs), initial exchange offerings (IEOs), and whatnot. The general consensus is that non-fungible tokens are here to stay and are going...
Read More »The Guy Who Bought an Ape for 4 ETH Explains Why He Rejected a $1.2M Offer
At this point, it’s becoming pretty evident that non-fungible tokens are causing a massive stir. With this, however, there’s also no shortage of fascinating stories of random people turning a few thousand dollars into millions. Or, in this case – the story of someone who refused to be turned into an “instant millionaire” by turning down a $1.2 million offer on an NFT that he paid less than $17K for back in May 2021. The Story of Golden Ape #1726 For those of you who haven’t...
Read More »Bored Ape Yacht Club NFT Sold for $2.85 million in ETH
Bored Ape Yacht Club (BAYC) non-fungible NFT collection continues to see increased demand, with the latest example recently sold at a value of over $2.8 million. On the night of January 30, 2022, Bored Ape #232 was sold for a whopping 1080.69 ETH ($2.85 million). The sale happened on the NFT marketplace – LooksRare. The features of the purchased Ape NFT include an army green background, a seaman’s hat, sleepy eyes, a smoking jacket, a clean bored mouth, solid gold fur, and...
Read More »Justin Bieber Buys a Bored Ape NFT for $1.3 Million (500 ETH)
Justin Bieber becomes the latest member of the exclusive Bored Ape Yacht Club and the proud owner of Ape #3001 that he bought for 500 ETH. Justin Bieber is a top-class celebrity and arguably one of the most famous people on the planet. Now, he also joined the famed Bored Ape Yacht Club. Bieber bought Ape #3001 for a whopping 500 ETH worth about $1.3 million at the time of this writing. This is how the ape looks like: Source: OpenSea The traits of the ape include a New Punk...
Read More »Soccer Star Neymar Jr. Buys —And Shows Off— His Bored Ape Yacht Club NFT
The successful PSG player, goalscorer for the Brazilian national soccer team, and NFT enthusiast Neymar Jr, is the newest member of the elite Bored Ape Yacht Club. Neymar shared the news with his followers on Twitter, posting a photo of his new pink ape outfitted with flashy futuristic glasses, along with the hashtag #BoredApeYC. Source: TwitterNeymar Jr. Loves NFTs On January 20, Neymar changed his profile picture using the Bored Ape 6633 as an avatar. According to OpenSea’s...
Read More »Serena Williams Joins BAYC: Gets a Bored Ape NFT
Serena Williams – arguably the best female tennis player to have ever played the game, at least measured by Grand Slam titles – has bought a Bored Ape NFT. Serena Williams is one of the most influential tennis players of the open era, having won a total of 23 Grand Slam titles in her career up to date. It appears, though, that she is also an avid enthusiast of non-fungible tokens (NFTs). Her current Twitter profile picture is a pixelated Crypto Punk-inspired display. The...
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