DAO

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 →

ConstitutionDAO (a decentralized autonomous organization created to purchase a rare copy of the U.S. Constitution) raised $49.8 million in ETH. Its auction bid was not successful, so it began refunding the unused ETH to members of the DAO. Continue Reading →

Crypto developer Matthew Jensen was forced to close his JRR Token business as part of a settlement with the estate of "Lord of the Rings" author J.R.R. Tolkein. The estate’s lawyer, Steve Maier, described the case as a “particularly flagrant case of infringement,” adding that the estate is “pleased that it has been concluded on satisfactory terms.” Continue Reading →

MODA DAO is the kind of project that has the potential to change our fundamental assumptions about how the music industry (or any content-based industry) functions. Continue Reading →