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 →
Bored Ape Yacht Club
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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 →