BAYC Fails Amid Ongoing Bear Market, NFT Hype Over?
The #NFT hype seems to be wearing off as even the most promising NFT Collection, #BAYC, fail to survive the brutal ongoing #bearmarket.
BAYC
NFT Market on Dumping Spree With Massive BAYC Shorts
The NFT market is experiencing a huge dump characterized by short positions on Bored Ape Yacht Club (BAYC) and other leading collections.
9GAG Purchases a Large Amount of High-end NFT “BAYC”
“Meme Factory” (9GAG, memeland. eth) spent 796.87 ETH today to purchase 8 BAYC (9299, 128, 2059, 2929, 4024, 4673, 8293, 9286).
BAYC Sues Ryder Ripps for Trademark Misuse
Yuga Labs is suing a number of defendants, including Ryder Ripps, in a high-profile trademark action, according to Bloomberg Law. Read CNL for more.
BAYC: Yuga Labs to Launch Skill-Based NFT Mint
Yuga Labs, the company behind the popular blockchain platform Bored Ape Yacht Club (BAYC), has announced the growth of its NFT ecosystem. Read more on CNL.
Warm.xyz or Delegate.Cash Will Allow Warm Wallet Usage: BAYC
Users will be able to use a warm wallet through warm.xyz or delegate.cash for next week’s mint. They are hence advised to be on the look for potential scams.
Here’s One Reason Why Buterin Is Happy With the Bear Market
NFT trading volumes have dropped by 97% from their all-time high in January 2022. Monthly volume has reached only $467 million this September when its highest was $17.2 billion. Vitalik Buterin criticizes NFTs and he considers NFT trading as a sort of “gambling.” It appears there is one subsector of the crypto space that is affected more by the current crypto bear market than regular cryptocurrencies — non-fungible tokens (NFTs). Specifically, the NFT trading volumes appear to be dead. According to an article by Bloomberg, NFT trading volumes have dropped by 97% from their peak in January 2022. Back in
BAYC Surpasses $2 Billion in All-Time Sales
Bored Ape Yacht Club is one of the most recognized digital collectible brands. The increase in sales can be attributed to the growing popularity of NFTs. There were 669 unique purchasers, with 1,011 total transactions. Bored Ape Yacht Club is one of the most popular names when it comes to digital collectibles. According to Research, Bored Ape Yacht Club had an all-time total sales volume of around $2.04 billion as of writing time. This is a significant increase from its $1 billion total sales in February. The surge in sales can be attributed to the increasing popularity of NFTs, which
BAYC’s ApeFest 2022 to Happen at Pier 17 NYC
ApeFest will be happening at Pier 17 in NYC from June 20 to 23. Pier 17 is an indoor/outdoor waterfront venue with panoramic views. This year’s ApeFest venue can accommodate twice as much as last year’s. Bored Ape Yacht Club announced via Twitter that this year’s ApeFest, which was scheduled this coming June 20 to 23, is going to take over at Pier 17 in New York. “Can’t wait for four wild nights of unforgettable performances and hanging with you at this one-of-a-kind spot,” BAYC added in its tweet on Monday. Furthermore, bored apes are going to experience something big
