The class action lawsuit claims that Yuga Labs leveraged a massive network of A-list athlete, celebrity, and musician clients to push the sales of their nonfungible token (NFT) collection. Yuga Labs, the developer of the popular Bored Ape Yacht Club (BAYC) NFTs, together with crypto fintech Moonpay is now facing class action lawsuits over the… Continue reading BAYC Developer Yuga Labs And Moonpay Face Lawsuit Due To Celebrity NFT Promotions
Tag: Yuga Labs
What Is the Yuga Labs Punks Legacy Project?
Yuga Labs has introduced an exciting initiative known as the Punks Legacy Project. The new project wants to develop a cultural shift in how we view nonfungible tokens (NFTs). It is expected to permanently put CryptoPunks on the walls of some of the greatest museums and design institutes in the world. To kickstart the Punks… Continue reading What Is the Yuga Labs Punks Legacy Project?
ApeCoin Price Surged Amid NFT Proposals Voting
Analysts believe that ApeCoin has formed a symmetric triangle pattern that normally shows a breakout on either side of the market. Apecoin put up an interesting show on September 17-18 after gaining almost 17% within 24 hours. Nonetheless, the early Monday’s trading hours saw a pullback with the asset losing over 5% of its value… Continue reading ApeCoin Price Surged Amid NFT Proposals Voting
Yuga Labs Filed Lawsuit Against Ryder Ripps Bored Apes (RRBAYC) NFT
The Bored Ape Yacht Club and Ryder Ripps NFT feud continue as Yuga Labs filed a humongous lawsuit against him. A recent documentary that accused BAYC of having an underlying racist agenda split the entire NFT sector. But now, the BAYC community appears to be fighting back. Here is what transpired between the RRBAYC and… Continue reading Yuga Labs Filed Lawsuit Against Ryder Ripps Bored Apes (RRBAYC) NFT
NFT Prices Drop Steeply, As Crypto Bear Market Continues To Thrive
The latest market data analysis confirmed that the non-fungible token (NFT) market volume has sharply plummeted in the last seven days, with the bearish crypto market continuing to gain momentum. Notably, the recent market crash appeared after United States Federal Reserve raised interest rates for crypto transactions and the collapse of LUNA and its UST-based… Continue reading NFT Prices Drop Steeply, As Crypto Bear Market Continues To Thrive
NFT Market Soars Sharply Despite The Recent Crypto Market Dump
The latest market data analysis confirmed that the non-fungible tokens (NFT) markets have experienced a sharp increase in the last seven days, despite the current crypto market downtrend. This sharp correction shows that notable investors see the recent downturn as a buying opportunity. Since the start of May, the total market capitalization for non-fungible tokens… Continue reading NFT Market Soars Sharply Despite The Recent Crypto Market Dump
Blue-chip NFTs Prices Continue Blooming A Week After “Otherside” Mint
The latest market data analysis confirms that most blue-chip NFTs tier projects continue recording massive adoption in the past two weeks, despite most of the NFT market experiencing a downtrend. This uptrend started two weeks ago at the same time Yuga Labs, the creator of the popular NFT community Bored Ape Yacht Club, launched minting… Continue reading Blue-chip NFTs Prices Continue Blooming A Week After “Otherside” Mint
Yuga Labs Makes Over $300M From NFTs Despite High ETH Gas Fees
The latest market analysis confirmed that Yuga Labs, the creator of the popular non-fungible token community Bored Ape Yacht Club, has made more than $300 million in sales of its NFTs project in Otherside Metaverse. On May 1, 2022, Yuga Labs successfully launched a flash sale of its “Otherdeed” non-fungible tokens (NFTs) that represents digital… Continue reading Yuga Labs Makes Over $300M From NFTs Despite High ETH Gas Fees
Bored Apes Yacht Club Quietly Evolves Into ApeCoin-powered NFTs Universe
Non-fungible tokens (NFTs) continue making waves in mainstream media, with projects such as Bored Ape Yacht Club (BAYC) attracting notable investors in the NFT space. In this regard, several prominent names in Hollywood are now proud owners of Bored Ape NFTs avatars. This move has made the interest and prices of Bored Ape NFTs soar.… Continue reading Bored Apes Yacht Club Quietly Evolves Into ApeCoin-powered NFTs Universe
BAYC To Airdrop 10,000 ApeCoins To Each Bored Ape NFT Holder
Bored Ape Yacht Club (BAYC), a popular charitable non-fungible token (NFT) marketplace, has announced to offer 10,000 ApeCoins to Bored Ape NFT holders. NFT holders will use these tokens as a primary token in a new ecosystem of play-to-earn (P2E) games from Yuga Labs and Animoca Brands. According to ApeDAO, a decentralized autonomous organization behind… Continue reading BAYC To Airdrop 10,000 ApeCoins To Each Bored Ape NFT Holder