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Nifty News: ‘Degen’ season returns with feet NFTs, disappointing Game of Thrones NFTs and more

Foot fetishists and crypto degens have taken interest in an NFT collection boasting 10,000 unique pixelated trotters with over $1 million in trading volume.

'Degen' season smells like pixelated feet

Feetpix.wtf’s newly launched nonfungible token (NFT) collection, “Feetpix” has seemingly taken the NFT community by storm with surging trading volumes, prompting some to suggest the return of “degen” season.

Feetpix.wtf’s collection soared ahead of the likes of Bored Ape Yacht Club (BAYC) on Jan. 11 with the fifth-highest trading volume recorded on NFT marketplace OpenSea.

Feetpix NFTs come in different skin tones, nail colors, shoes and backgrounds. Image: OpenSea.

The project — which released 10,000 Feetpix NFTs — has traded over 825 Ether (ETH)($1,157,000) across nearly 18,000 transactions since its release on Jan. 8.

Crypto Twitter is still split on what inspired the surge in foot fetish-NFT trading volumes, though Feetpix noted the absence of a roadmap, promise and marketing scheme suggested a “love for feet” is not just legitimate but also clearly monetizable through the use of digital art.

Several Twitter users highlighted the absurd, short-term success of the project, suggesting a return of “degen szn” (season) which entailed a mass trading volume of high-risk NFT collectibles at the peak of the bull market in 2021.

But even the creators themselves implied something could be mentally wrong with collectors, suggesting buyers “stop buying feetpix” and instead “use that money for therapy.”

Game of Thrones NFTs: ‘Worst thing I’ve ever seen’

Game of Thrones’ highly anticipated "Build Your Realm" NFT collection launch has received a hefty dose of criticism despite completely selling out in seven hours on the NFT marketplace Nifty’s.

The collection was described by the pseudonymous co-founder of Web3 gaming project Treeverse, Loopify, on Jan. 11 as the “worst thing I’ve ever seen.”

Loopify told their 200,000 Twitter followers in a separate post that some of the avatars possessed “salad fingers.”

NFT enthusiast Justin Taylor shared his criticism with his nearly 60,000 Twitter followers stating the launch lacked “creative vision” and was outright “terrible.”

The first series NFT collection was born from a collaboration between Nifty’s and NFT production company Daz 3D, where each NFT is minted on Palm — an Ethereum-compatible sidechain — allowing collectors to create their own unique realms and avatars.

While the fast sellout came as little surprise due to the popularity of the show, many collectors reported issues with the minting process in addition to the widespread disappointment of the poorly designed avatars.

Yuga Labs announces skill-based NFT mint

Yuga Labs — the creative team behind the BAYC — is set to expand its NFT ecosystem with the launch of a skill-based NFT game called “Dookey Dash.”

In order to participate, BAYC and Mutant Ape Yacht Club (MAYC) holders will need to mint a “Sewer Pass” on Jan. 17 in order to start playing the game on Jan. 18.

The aim of the game will be to navigate the sewer, claim as many NFT rewards as possible and record the highest score until Feb. 8 when the leaderboard freezes.

“Sewer Pass holders will compete for the highest score and earn their new power source," the BAYC wrote, adding “the highest single-run score on your specific Sewer Pass and accompanying wallet that achieved the run will determine what it reveals."

However, it’s not clear what the prizes will consist of with Yuga stating on BAYC’s Twitter account that prizes will “evolve throughout 2023.”

The four-week Dookey Dash experiment also appears to be the first part of a narrative experience, with segments “It’s Alive!” and “Chapter 1” expected to proceed with the “Sewer Close” on Feb. 8, according to a roadmap set out by Yuga.

Tennis Australia still playing ball with NFTs

Tennis Australia has confirmed it’s still investing in the NFT space, by continuing its Australian Open (AO) Artball NFT collection it created last year as a means to engage NFT collectors and tennis fanatics.

The Artball NFT serves to “leverage live match data to deepen global fan engagement beyond a tournament” through the digital realm, according to the Artball website.

With 6776 Australian Open Artballs sold in last year’s collection, an additional 2,454 Artballs will hit the market in time for the 2023 tournament, which officially kicks off next Monday, Jan. 16 in Melbourne.

According to the website each Australian Open ArtBall is linked to live match data corresponding to a 17cm by 17cm plot on the court.

If a winning shot from any match lands on a collector's plot the NFT metadata will be updated in real time and the collector will be rewarded.

One of the special ArtBalls is Artball SuperSight which enables an entire suite of exclusive 360-degree front-row viewing tools, a 3D stats explorer and personalized streams that has been “custom built” for members.

Collectors will also be in the running to win two free tickets to the equivalent live match in AO24 if their Artball scores a “Match Point” in AO23 in addition to being granted access to “exclusive behind-the-scenes streams.”

AO Artball holders can win themselves tickets to AO2024 if certain conditions are met. Source: Australian Open Artball.io.

Artball minting is currently subject to a waitlist, according to the AOmetaverse Twitter page.

Other Nifty News:

NFT platform Upshot has created a trading tool that scores and classifies wallets based on their trading success, which will enable crypto newcomers to get a closer look into the strategies adopted by successful collectors.

Blockchain security firm SlowMist revealed a sneaky trick scammers used in 2022 to steal NFTs was a “zero dollar purchase” scam where victims were tricked into signing over NFTs for basically no cost in a fake sales order, with scammers able to purchase the NFTs through a marketplace at a price they determined.

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New Year Brings Strong NFT Sales, Up 26% in First Week of 2023 With Top 5 Blockchains Seeing Double-Digit Increases

New Year Brings Strong NFT Sales, Up 26% in First Week of 2023 With Top 5 Blockchains Seeing Double-Digit IncreasesThe first week of 2023 saw an upswing in non-fungible token (NFT) sales as seven-day volume increased 26.01% compared to the previous week, totaling approximately $208.99 million in NFT sales. Additionally, the top five NFT-issuing blockchains saw increases over the last week. Bored Ape NFT Collection Leads the Way with $19 Million in Sales, 52.82% […]

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Bluechip NFT project Moonbirds signs with Hollywood talent agents UTA

PROOF Co-founder Kevin Rose announced the deal via Twitter on Jan. 6, noting that the aim is to get the Moonbirds brand recognized on a global scale and not just in the Web3 space.

The NFT-focused company was founded by early-stage Facebook and Twitter investor Kevin Rose, and designer Justin Mezzell in February 2022. The company also has the Proof Collective and Oddities NFT collections in its catalog.

Announcing the move via Twitter on Jan. 6, Rose suggested that the goal of the deal is to get the Moonbirds brand known on a “global” mainstream scale, as opposed to just being recognized as a big hitter in the Web3 space.

“What does UTA bring to the table? They are 1,400 people strong, with divisions in film, television, music, video games, sports, books, branding and licensing, speaking, marketing, fine arts, broadcast, and more,” he said.

PROOF, the company behind the top-tier NFT project Moonbirds, has signed a representation deal with major Hollywood talent agents United Talent Agency (UTA).

Explaining the move a bit further, Rose noted that UTA will work on PROOF’s behalf to help “vet, broker, and execute partnerships and expansion opportunities across a variety of fields.”

The Ethereum-based Moonbirds project launched in April 2022 and consists of 10,000 8-bit owl-themed avatar NFTs. To date, it has generated roughly $619.5 million worth of secondary sales according to data from CryptoSlam.

That figure makes Moonbirds the eleventh highest-selling collection on the NFT market, with its nearest competitors being twelfth-placed Doodles at $553 million and tenth-placed CloneX at $794.9 million.

Top 12 selling NFT projects of all time: CryptoSlam

Despite the supposedly bullish UTA announcement, Moonbirds’ 24-hour sales volume has dropped a hefty 57.86%, with $442,747 worth of Moonbirds NFT changing hands during that time frame. Over a seven-day time frame however, trading volumes are still up by 63.74%.

The move from Moonbirds follows other big names in the NFT space to seek out Hollywood deals.

Related: Logan Paul threatens to sue Coffeezilla over CryptoZoo ‘scam’ allegations

CryptoPunks founders Larva Labs were the first ones to pave the way back in September 2021, signing a deal with UTA to represent the firm’s IP across TV, film, video games, licensing and publishing.

The next month Yuga Labs — which now owns CryptoPunks — followed suit by signing up with UTA to push the Bored Ape Yacht Club IP into movies, TV, music and gaming. While the most recent occurrence before PROOF was the deal between UTA competitors WME and NFT start-up Boss Beauties.

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NFT influencer falls victim to cyberattack, loses $300K+ cryptopunks

They appear to have authorized a malicious Dapp to transfer their tokens, leading the assets to be drained immediately.

NFT Influencer CryptoNovo announced on Jan 4. that they have fallen victim to a cyberattack and lost two cryptopunks. The post on Twitter says “I just got hacked!!! Are you kidding me!?!” and includes a screenshot from OpenSea displaying two cryptopunks being transferred to another address.

The two cryptopunks were immediately sold by the attacker, one for 70 ETH (worth an equivalent $88,434 at time of publication) and the other for 199 ETH ($251,404). This implies that CryptoNovo lost over $300K worth of cryptopunks in the attack.

The record of cryptopunk#4608 allegedly being transferred to the attacker’s wallet, moved to another wallet, and then sold for 199 ETH. Source: OpenSea

Numerous other NFTs were apparently taken from the influencer, including Meebits, CloneX, Mutant Ape Yacht Club, and Bored Ape Yacht Club items.

CryptoNovo’s iconic green-beanie-wearing punk, #3706, appears to have been saved from the attack, although the owner also appears to have sold the item. While the previously mentioned items went to a known phishing address, the cryptopunk #3706 was sent to a completely different address and sold for 75 ETH ($94,751). This address has also received items from thenovoverse.eth, an ENS domain that has itself received items from CryptoNovo’s official wallet address in the past. These facts may imply that the sale of this particular item was possibly done by the owner rather than an attacker.

Cryptopunk#3706. Source: OpenSea

CryptoNovo is an NFT influencer with over 18,000 Twitter followers . He is known for wearing masks that make him look like the green-beanie-wearing cryptopunk he first purchased in 2020.

A photo of CryptoNovo, whose true identity is unknown.

Although CryptoNovo claimed the attack was a “hack,” Twitter user @__proper has pointed out that this is more likely to have been caused by phishing. Just after the green beanie cryptopunk was transferred to a safe address, CryptoNovo made several token authorizations to an unknown smart contract. It is this contract that subsequently used the transferFrom function on various NFTs to move them from the influencer’s wallet. This implies that someone may have tricked him into authorizing a malicious Dapp to move his tokens.

Related: Magic Eden NFT service hacked, shows porn instead of correct images

Someone also appears to be impersonating CryptoNovo on Discord. 9 hours after the attack occurred, he posted an image of a Discord account that claims to be him, but which he says is a fake account.

Cryptopunks was one of the first “generative digital art” NFT collections or collections of art objects generated by an algorithm. It was released in June, 2017, and its individual units were given away to anyone who could pay the gas fees to mint them. Today, cryptopunks sell for an average price of over $1,000, according to nftstats.com.

The collection has inspired thousands of other generative NFT collections, including Bored Ape Yacht Club, Mutant Ape Yacht Club, Meebits, and others.

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NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week

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Monthly NFT Sales Are 80% Lower Than Last Year, Digital Collectibles Interest Plummeted in 2022

Monthly NFT Sales Are 80% Lower Than Last Year, Digital Collectibles Interest Plummeted in 2022Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in NFT sales compared to the $2.77 billion in NFT sales sold in Dec. 2021. […]

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‘Huge signal and validation’ — Top Activision exec to take Yuga Labs’ helm

Kieran Warwick, co-founder of blockchain role-playing game Illuvium, believes Yuga Labs' latest hire will be a boon for GameFi.

The appointment of one of Activision Blizzard's highest-ranking executives to a leadership position at Bored Ape Yacht Club parent Yuga Labs has been seen as a boon for its metaverse efforts and another validation of the crypto industry.

On Dec. 19, Yuga Labs confirmed it has appointed Daniel Alegre — the current president and chief operating officer of Activision Blizzard — as its new CEO. He'll take the helm of the company in the first half of 2023, succeeding the current chief executive, Nicole Muniz. 

Activision Blizzard, a gaming giant with a market cap of around $60 billion, is responsible for popular gaming franchises such as Call of Duty, World of Warcraft, Diablo and Overwatch. Alegre has held the role since 2020.

Kieran Warwick, the co-founder of blockchain role-playing game Illuvium, said in a Dec. 19 tweet that Yuga Labs'  new hire is “Big for all of GameFi,” suggesting that the next crypto market bull run will be sparked by Web3-powered gaming. 

“Every day more news comes out about new players from traditional gaming entering the space. DeFi 2.0 is cool. But gaming will be the narrative that kicks off the next run,” he explained.

Andrew Soro, vice president of global business development at blockchain tech company Immutable, had similar thoughts in a response to Warwick, noting that the appointment is a “[h]uge signal and validation for the space.”

Nonfungible token (NFT) proponent and managing partner of NFT investment fund Sfermion Andrew Steinwold called the news “WILD.”

“Someone of that caliber jumping into the NFT space to head one of the leading companies?! Huge news & positive signal for our whole industry,” he said.

According to the Dec. 19 release from Yuga Labs, Alegre will work closely with Yuga Labs founders Wylie Aronow and Greg Solano.

Aronow explained they had “been on the hunt for someone with Daniel’s skill set for some time,” to help with “our vision of a truly interoperable metaverse.”

In a statement, Alegre said he looked forward to the new role, noting that the company’s pipeline of products, partnerships and intellectual property represents a “massive opportunity to define the metaverse” in a way that gives creators and users ownership of their identity and digital assets.

His contract with Blizzard ends on March 31, at which point he will take the reigns of CEO at Yuga Labs.  Muniz, the current CEO, is set to stay on as a partner and strategic advisor.

Related: How GameFi contributes to the growth of crypto and NFTs

Founded in 2021, blockchain technology company Yuga Labs develops digital collectibles and is arguably most famous for its Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collections.

It has been working on a Metaverse product called "Otherside,” which makes use of gaming mechanics from mainstream MMORPGs and Web3 tech.

Otherside attracted 4,500 people for the “first trip” tech demo on July 16, and developers have said in the project litepaper that development will be shaped by community member participation going forward.

On Nov. 15, the company acquired 10KTF, an NFT game founded by digital artist Mike “Beeple” Winkelmann.

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Over $135,000,000 in Crypto Liquidated Amid Global Market Fears and Auditor’s Crypto Exit

Over 5,000,000 in Crypto Liquidated Amid Global Market Fears and Auditor’s Crypto Exit

Hundreds of millions of dollars worth of digital assets are being liquidated from the global markets after a prominent auditing firm announced the halting of all work for crypto clients. According to a new report, Mazars, a French auditing firm that was hired by the world’s largest crypto exchange Binance last month, is pausing its […]

The post Over $135,000,000 in Crypto Liquidated Amid Global Market Fears and Auditor’s Crypto Exit appeared first on The Daily Hodl.

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NFT Sales This Week Jumped 27% Higher, Cryptopunks Rise Above Bored Apes

NFT Sales This Week Jumped 27% Higher, Cryptopunks Rise Above Bored ApesOn Dec. 14, 2022, statistics show that non-fungible token (NFT) sales jumped 27.72% higher than NFT sales recorded last week. The Bored Ape Yacht Club (BAYC) NFT collection captured the most sales this week but on Wednesday afternoon, the floor value tied to Cryptopunks once again jumped above the floor value associated with the BAYC […]

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