The Bored Ape Yacht Club (BAYC) is currently facing an investigation by the US Securities and Exchange Commission (SEC). This news comes as Metajetz NFT Holdings looks forward to a 5,000 percent growth. In light of the recent events, it is important to take a step back and understand what
Yuga Labs, a major player on the Web3 platform, has announced the formation of a community council made up of seven prominent members of the Bored Ape Yacht Club (BAYC) NFT ecosystem. Yuga announced the council members in a blog post published on Wednesday. Calling them “long-standing proactive community members”
Anonymous has pledged to deploy a team for more findings. Yuga Labs co-founder Greg Solano denied all claims. The most popular NFT project, Bored Apes Yacht Club powered by Yuga Labs, has been under scrutiny from the hacktivist group Anonymous for what the group claims is the use of racist,
On Friday, Bored Ape Yacht Club NFT creators Yuga Labs announced the hiring of Spencer Tucker as the company’s first Chief Gaming Officer. Tucker will be in charge of overseeing the creation of Yuga’s Web3 game initiatives, beginning with the “Otherside” metaverse. In January of this year, Otherside caused a
The 2022 MTV VMAs had a performance from hip-hop sensations in the metaverse. The combo is collaborating after over 12 years and is very huge in the field. The trend of getting absorbed into the metaverse is reaching its peak among celebrities in the music and arts industry. As announced
This unparalleled performance is being created in collaboration with Yuga Labs. The statement claims this to be the first-ever performance. MTV has picked up on the NFT trend. This Sunday at the MTV Video Music Awards, hip-hop superstars Eminem and Snoop Dogg will perform a live, Otherside-themed event. This unparalleled
Only 10,000 of the NFT-branded candy gift boxes and jars will be available. The M&Ms Celebratory Gift Box is available for the price of $59.99 USD. According to the candy manufacturer, limited quantities of M&Ms will soon be available with Bored Ape Yacht Club NFT artwork. Mars and Universal Music
Due to Ethereum’s price volatility, the BAYC floor price is now at $107,000. Since it hit a record high of 153.7 ETH on May 1, the price has been steadily dropping. Due to the ongoing NFT market downturn and broader crypto market crisis, the Ethereum floor price of the Bored
The report “A Survey of NFT Licenses: Facts & Fictions,” came out on Friday. Other programs that impose commercialization hurdles include Doodles. The opportunity to make money off of one’s avatar by making derivative works of art, merchandising, and more is a major selling factor for certain NFT initiatives. However,
The new Anonymous video has been widely panned by BAYC supporters. Artist Ryder Ripps was the first to accuse Yuga Labs of using Nazi symbolism. Bored Ape Yacht Club (BAYC) collectors have received a message from Anonymous, a global hacktivist organization. The group has pledged to look into claims that
