Bored Ape Yacht Club

A group of investors has taken legal action against Sotheby’s auction house, celebrities like Paris Hilton and Justin Bieber, and other entities, accusing them of misleading promotion of the Bored Ape Yacht Club NFTs and alleging that these parties colluded to artificially inflate the prices of these digital collectibles. Continue Reading →

No matter how this lawsuit turns out, it is chilling. Going forward, will hired pitch-people have to vet the companies that offer them work? How, exactly, would they do that? Continue Reading →

Otherside, the much-anticipated metaverse gaming platform from the creators of the Bored Ape Yacht Club (BAYC), is open for business. Over the weekend, 4,300 "Voyagers" were invited for a demo and tour of the immersive, ape avatar-navigated online platform. Continue Reading →

Teller, which touts "crypto loans for the real world," wants to help you buy "blue chip" NFTs using their BNPL (buy now pay later) feature. Continue Reading →

Today is "Towel Day." In honor of Douglas Adams, author of Hitchhiker's Guide to the Galaxy, fans around the universe carry a towel. After all, a towel "is about the most massively useful thing an interstellar hitchhiker can have." Continue Reading →

Yuga Labs, the company behind the Bored Ape Yacht Club, sold 55,000 virtual plots of land in its upcoming metaverse, Otherside, for about $5,800 each. While the transactions were done in ApeCoin, the NFTs were minted on Ethereum, where gas fees for each mint ranged from 2.6 to 5 ETH ($6,500-$14,000) at the time of the transactions. By the time the virtual land deeds sold out, buyers paid a total of about $123 million in gas fees to send Yuga Labs about $320 million. Ouch! Continue Reading →

Yuga Labs took its next step toward trying to build a broader media empire around the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) series with the announcement of a cryptocurrency called ApeCoin, which will be the “primary token for all new products and services” from the company. That includes a newly announced play-to-earn blockchain game that the company plans to release later this year in partnership with the developer nWay. Continue Reading →