A negative ruling has been issued, dismissing the counterclaims of artists Ryder Ripps and Jeremy Cahen in their lawsuit against Yuga Labs, the developer of Bored Ape Yacht Club (BAYC). The verdict also mandates that the duo pay $9 million in disgorgement and additional statutory penalties. A court sided with
In a candid and insightful interview with TheNewsCrypto, Vikas Singh and Abhishek Kumar Gupta, the co-founders of NFTFN, provided a deep dive into their journey, the unique offerings of NFTFN, and their perspectives on the evolving NFT space. With backgrounds spanning telecom, blockchain, and fintech, these entrepreneurs bring a wealth
The peer-to-peer trading platform NFT Trader was compromised in a major way. Many valuable NFTs were stolen in this incident, including BAYC. In the aftermath of the hack, NFT Trader issued an urgent appeal to its customers, requesting that they remove access to two compromised smart contracts. The purpose of
Tiger Global, an investment business, allegedly liquidated stakes in well-known NFT initiatives such as the Bored Ape Yacht Club (BAYC) collection and the prominent NFT marketplace OpenSea. The investment firm reportedly reduced its holdings in BAYC by 69% and OpenSea by 94%, according to anonymous sources cited by Bloomberg. The
The aftermath of ApeFest in Hong Kong, involving eye and skin injuries, became a wake-up call, prompting the NFT community to demand accountability from event organizers — Yuga Labs. Yuga Labs, the creator of the famed Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), hosted a three-day
The blockchain analytics firm Nansen reports that the amount of weekly Ether sales of NFTs has been rising steadily. For the week ending October 9, Nansen said on Twitter that NFT sales totaled 29,704 ETH, or almost $56 million. Week after week, more and more people bought and sold until
The parent business of Bored Ape Yacht Club (BAYC), Yuga Labs, hosted the much awaited return of its big in-person event, ApeFest 2023, which was held in Hong Kong from November 3 to November 5. This year’s Hong Kong event did not focus on music in the same way that
Seoul, South Korea, November 6th, 2023, Chainwire MetaBID, the groundbreaking digital asset auction platform that went live on November 4, is thrilled to report unparalleled user engagement and activity just two days after launch. The platform is attracting an ever-growing number of users eager to participate in these auctions set
Yuga Labs, the company behind the Bored Ape Yacht Club NFT project, has announced a partnership with Magic Eden, a major multi-chain NFT marketplace. The collaboration is geared towards the introduction of a new Ethereum-based marketplace that promises to maintain creator royalties on all purchases of NFTs. Notably, this platform
NFT trade volume increased by $99 million in October compared to the previous month, according to a research issued by crypto analytics company DappRadar, suggesting that the NFT market is bouncing back. However, there has been significant reductions in staff at renowned NFT marketplace OpenSea as announced on Friday. According
