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Bored Ape Yacht Club (BAYC)

Yuga Labs Resumes Layoffs; CEO Says Web3 Platform ‘Lost Its Way’

Yuga Labs Resumes Layoffs; CEO Says Web3 Platform ‘Lost Its Way’According to Greg Solano, co-founder of Yuga Labs, the Web3 platform has laid off additional workers partly because it had “lost its way.” Solano also encouraged employees uninterested in the next phase to consider accepting the same severance package offered to those affected by the layoffs. Convoluted Corporate Processes Yuga Labs, the Web3 platform behind […]

Donald Trump taps crypto advocate Lutnick as commerce secretary

7-Day NFT Sales Increase by 37%, Bitcoin-Based Collections Lead

7-Day NFT Sales Increase by 37%, Bitcoin-Based Collections LeadSales volumes of non-fungible tokens (NFTs) recorded a more than 37% increase to $277 million in the seven-day period ending April 11. Six of the top 10 collections with the largest sales volumes were Bitcoin-based NFTs. Some experts attribute the renewed interest in NFTs to the rise of real-world assets and NFTs with built-in utility. […]

Donald Trump taps crypto advocate Lutnick as commerce secretary

NFT Collection Veefriends Physical Collectibles to Debut at Macy’s and Toys’R’Us

NFT Collection Veefriends Physical Collectibles to Debut at Macy’s and Toys’R’UsIn recent times, non-fungible tokens (NFTs) and their physical counterparts have started to debut at well known retail stores and luxury boutiques. On October 4, the NFT project called Veefriends revealed that the team is launching its limited edition series of collectible characters exclusively at Macy’s and Toys”R”Us. Veefriends holds the 20th position in terms […]

Donald Trump taps crypto advocate Lutnick as commerce secretary

Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT Sales

Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT SalesAccording to the international law firm Scott+Scott’s website, there’s a possibility that the non-fungible token (NFT) company Yuga Labs may be threatened with a class action lawsuit for generally promoting “the growth prospects and change for huge returns on investment to unsuspecting investors.” Law Firm Seeks Investors Who “Suffered Losses” From Yuga Labs Products The […]

Donald Trump taps crypto advocate Lutnick as commerce secretary

Singapore High Court Injunction Blocks Sale or Transfer of BAYC #2162 NFT

Singapore High Court Injunction Blocks Sale or Transfer of BAYC #2162 NFTThe Singapore High Court has granted a court injunction which stops or blocks the sale of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that one man claims was wrongfully taken away from him. NFT Used as Collateral A Singapore man has won a court injunction that blocks the sale or potential transfer of […]

Donald Trump taps crypto advocate Lutnick as commerce secretary

Digital Collectible Owners Continue to Take Loans out Using NFTs as Collateral

Digital Collectible Owners Continue to Take Loans out Using NFTs as CollateralWhile non-fungible token (NFT) collectibles have become a hot commodity over the last 12 months, a number of NFT owners are taking loans out against their NFTs. This month, a project called Nftfi has facilitated $25.6 million in NFT loans so far, and last month the lending marketplace recorded nearly $50 million in NFT loans. […]

Donald Trump taps crypto advocate Lutnick as commerce secretary

ETH Network Q1 Revenue Grew 46% to $2.4 Billion, Token Inflation Rate Drops to 0.51%

ETH Network Q1 Revenue Grew 46% to .4 Billion, Token Inflation Rate Drops to 0.51%The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues were non-fungible token (NFT) marketplace sales, which rose by more than 19,000% during the period under review. ETH Inflation Rate Drops to 0.51% Ethereum’s revenues […]

Donald Trump taps crypto advocate Lutnick as commerce secretary

NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales

NFT Trade Volume Jumped 23% Higher This Week Capturing Close to  Billion in SalesNon-fungible token (NFT) sales have increased by 23.56% over the last week, as $945.2 million in sales were recorded across 15 different blockchains during the last seven days. NFT sales stemming from Ethereum jumped 29.16% in seven days, gathering $863.2 million in sales or 91.32% of the $945.2 million in sales. One particular NFT collection […]

Donald Trump taps crypto advocate Lutnick as commerce secretary

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top SalesNon-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% this week. Moreover, over the last seven days, an NFT collection called Moonbirds saw the […]

Donald Trump taps crypto advocate Lutnick as commerce secretary

An In-Depth Look at the 5 Most Profitable Bored Ape NFT Traders of All Time

An In-Depth Look at the 5 Most Profitable Bored Ape NFT Traders of All TimeNon-fungible tokens (NFTs) have been extremely popular during the last two years and in recent times, specific NFTs from certain collections, sell for hundreds of thousands or even millions of dollars per NFT. During the last 30 days, Bored Ape Yacht Club (BAYC) NFTs saw $257 million in sales volume. While people still question the […]

Donald Trump taps crypto advocate Lutnick as commerce secretary