Yuga Labs

A community proposal to keep ApeCoin (CRYPTO: APE) on the Ethereum (CRYPTO: ETH) blockchain has taken a surprising turn over the weekend. What Happened: On June 3, ApeCoin community member ASEC put forth the AIP-41 proposal to keep APE within the Ethereum ecosystem. “Yuga Labs stated in...

The non-fungible token market has seen a drop in sales volume on OpenSea, an NFT marketplace for buying and selling items. The highly anticipated Coinbase Global Inc (NASDAQ: COIN) NFT marketplace has had a slow start but could be bringing new people into the sector. This week saw several new NFT...

The non-fungible token market continues to heat up with strong sales volume on OpenSea, an NFT marketplace for buying and selling items. The highly anticipated Coinbase Global Inc (NASDAQ: COIN) NFT marketplace has had a slow start but could be bringing new people into the sector. Every week,...

After taking the market by storm in 2021, the growth of non-fungible tokens has faced some bumps in 2022. Ask those who cover the sector if the NFT market is dead or alive, and you may get some different answers. What Happened: A recent report from The Wall Street Journal said sales of NFTs are...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has landed backers for his buyout of social media platform Twitter Inc (NYSE: TWTR). What Happened: Agreements were reached with 19 total investors, including 18 new companies to help facilitate Musk’s $44 billion buyout of Twitter. Among the investors...

Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) NFT project and Otherside metaverse, plans to refund users who were subject to failed transactions on the weekend’s Otherdeed land sale event. What Happened: According to a Twitter update from Yuga Labs on Wednesday, the team said it...

The world’s richest man has been a vocal opposer of non-fungible tokens. Has Elon Musk been trolling everyone this whole time as the owner of a large amount of popular NFTs or is he trolling us once again Wednesday morning by right-click saving? What Happened: The Tesla Inc (NASDAQ: TSLA) CEO...

Decentralized marketplace OpenSea just clocked a record $476 million worth of Ethereum (CRYPTO: ETH) in a single day’s trading volume. What Happened: According to data from Dune Analytics, the volume traded on OpenSea on May 1 was a staggering $476,139,461. The previous single-day record for...

The non-fungible token market continues to heat up with strong sales volume on OpenSea, an NFT marketplace for buying and selling items. The launch of the long awaited Coinbase Global Inc (NASDAQ: COIN) NFT marketplace has also brought the potential of millions of new NFT investors to the sector....

The largest and most anticipated NFT mint of all-time happened Saturday night with the launch of Otherdeed for Otherside from Yuga Labs. The NFTs are tied to Otherside, a metaverse being built by the parent company of Bored Ape Yacht Club. The mint didn’t go as smoothly as planned and...

One of the highest anticipated non-fungible token mints of all-time kicked off Saturday night and ended with a gas war, failed transactions and many upset at Yuga Labs. Here are the details. What Happened: On Saturday, Yuga Labs launched a public mint for 55,000 Otherdeed NFTs. The NFTs are related...

The Bored Ape Yacht Club (BAYC) NFTs have touched a new record high floor price. According to NFT Price Floor, one BAYC NFT would now cost around 154 ETH (CRYPTO: Ethereum), over $430,000.  The floor price for a BAYC was at 123 ETH a week ago at about $367,000. The cost of ETH has been...

A token connected to one of the most popular and valuable non-fungible tokens of all-time has soared in value over the last week ahead of a very anticipated event. What Happened: Launched by ApeDAO, ApeCoin (CRYPTO: APE) is a token expected to be used in the Yuga Labs and Bored Ape Yacht Club...

The hack of a major social media platform led to the theft of several NFTs from one of the most well-known non-fungible token collections of all time. What Happened: Earlier this week, a hacker was able to take control of the Bored Ape Yacht Club official Instagram page from Yuga Labs. A fraudulent...

The fits-and-starts recovery in the cryptocurrency market is continuing, as evident from the lackadaisical sentiment seen in the space on Saturday. After hitting a near-term bottom on Monday, most cryptocurrencies rallied through Thursday. The approach of the weekend didn't bode well for...