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Yuga Labs Resumes Layoffs; CEO Says Web3 Platform ‘Lost Its Way’
29.4.2024
According to Greg Solano, co-founder of Yuga Labs, the Web3 platform has laid off additional workers partly because it had “lost its way.” Solano also encouraged employees uninterested in the next phase to consider accepting the same severance package offered to those affected by...
Yuga Labs Sells IP Rights of Two NFT Games in Strategic Move – Here’s the Latest
19.4.2024
Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFTs, has sold the IP rights of two of its games, Legends of the Mara and HV-MTL, to Web3 gaming firm Faraway. The move is part of a strategic restructuring effort to refocus the organization. Simultaneously, Yuga Labs' chief gaming officer...
7-Day NFT Sales Increase by 37%, Bitcoin-Based Collections Lead
11.4.2024
Sales volumes of non-fungible tokens (NFTs) recorded a more than 37% increase to $277 million in the seven-day period ending April 11. Six of the top 10 collections with the largest sales volumes were Bitcoin-based NFTs. Some experts attribute the renewed interest in NFTs to the rise of real-world...
Bored Apes and Yuga Ethereum NFTs Experience Value Decline Despite Market Surge – Here’s the Latest
12.3.2024
Bored Ape Yacht Club (BAYC) NFTs were once the hottest bit of digital property on Ethereum’s NFT market but now Yuga Labs’s signature collection and other affiliated NFTs are posting new lows. The current floor price for BAYC, which indicates the lowest one can purchase it for,...
Artists Ordered to Pay $9 Million in BAYC Copyright Dispute
6.2.2024
Artists Ryder Ripps and Jeremy Cahen are mandated by a federal court to pay $9 million in damages to Yuga Labs, following a high-profile legal dispute over unauthorized use of the Bored Ape Yacht Club’s copyrighted non-fungible tokens (NFTs). Yuga Labs Wins Big as Artists Ordered to Pay up...
NFT Artist Ryder Ripps Must Dish Out $9M to Yuga Labs
5.2.2024
NFT artist Ryder Ripps and associate Jeremy Cahen must pay Bored Ape Yacht Club (BAYC) developer Yuga Labs nearly $9m in profit disgorgement. Both have been permanently banned from using the BAYC identifier in any logos or trademarks, a final court judgment on Friday showed. Additionally,...
Bored Ape Avatars Debut in Roblox’s New Kingship Islands Game
1.12.2023
Source: Adobe / Ascannio The iconic Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection has found a new home in the metaverse of Roblox, thanks to the metaverse-based “supergroup” Kingship. Developed by Universal Music Group’s 10:22PM, the fictional band Kingship...
Is ApeCoin Going to Zero? APE Price Plunges 2% in 1 Hour While Bitcoin Minetrix Locks in $4.5 Million of Fresh Investment
29.11.2023
Bored Ape Yacht Club (BAYC) governance token ApeCoin is continuing to grind down with resistance as APE price plunges -2% in an hour, but could this surging alternative token be a superior play amid $4.5m investment? ApeCoin has suffered challenging price action in recent weeks, following...
Asked to get a banana, a BAYC owner narrowly avoids a fake Forbes scam
27.11.2023
Scammers posing as Forbes journalists have been targeting BAYC holders to set up interviews and distract them while they attempt to steal their apes
Legal Action Threatened Over Eye Injuries at ApeFest: Bored Ape NFT Holder Speaks Out
9.11.2023
Source: AdobeStock / alexandarilich Yuga Labs, the maker of the popular Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), is now on legal notice over injuries sustained at ApeFest. The founder and CEO of art technology company Artfi, Asif Kamal, tweeted early on Thursday (UTC) that he...
Yuga Labs confirms UV lights likely cause of eye issues at ApeFest
9.11.2023
The Bored Ape Yacht Club’s official Twitter account said an investigation confirmed suspicions that UV lights were the likely cause of the reported eye and skin issues suffered by some attendees
‘I’m still not seeing it’ — Judges skeptical of Ryder Ripps’ BAYC appeal
17.10.2023
The lawyer representing Ryder Ripps and Jeremy Cahen struggled to convince a panel of judges that Yuga Labs’ case against his clients should be thrown out under California’s anti-SLAPP statute
Bored Ape Yacht Club Announces Collaboration With Iconic Japanese Streetwear Brand Bape
27.9.2023
According to Yuga Labs, creators of the Bored Ape Yacht Club (BAYC), the team has partnered with the popular Japanese fashion brand A Bathing Ape, commonly known as Bape. They plan to unveil a new “irreverent collection” together at Apefest in Hong Kong this November. BAYC Partners With...
Bored Ape Yacht Club NFTs Face Sharp Decline Amid Broader Crypto Slump
24.8.2023
Recent data paints an intriguing picture for the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC). Over a six-month span, its floor price tumbled from 76 ether down to a mere 21.99 ether. However, as of now, the BAYC floor is navigating a range of 23.90 ether to 24.65...
Major NFT Collections Post Double-Digit Monthly Losses as Floor Prices Drop
24.8.2023
Losses in the NFT markets have exceed ether’s decline, which is down 9.6% on-month
Report: Cryptopunks and Blue Chips Power Top NFT Traders to Over $300 Million in Profits
8.8.2023
The top 15 traders in the Ethereum non-fungible token (NFT) market have amassed up to $101.6 million in profits, as revealed in Coingecko’s latest NFT report. These traders lucratively capitalized on early investments in esteemed blue-chip NFT collections such as Cryptopunks, Bored Ape Yacht...
ApeCoin is Going to Zero After Azuki Drama Sends NFT Prices Crashing But Chimpzee Might Be The Next Crypto to Explode – Here's Why
4.7.2023
ApeCoin (APE), the utility and governance token of the APE ecosystem which was built by Yuga Labs to expand the utility of its Bored Ape Yacht Club (BAYC) non-fungible token collection, has been struggling recently.
APE/USD has been unable in recent weeks to muster a sustained pushback to...
Bored Ape Yacht Club’s Market Reign Crumbles as Rivals Take Center Stage
24.6.2023
The Bored Ape Yacht Club (BAYC), a prominent non-fungible token (NFT) collection, has been experiencing a decline in its dominance. In the past 90 days, the minimum value of BAYC NFTs has plummeted from 64 ETH to just above 37 ETH. Furthermore, the floor value of the Cryptopunks NFT collection...
Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million
7.3.2023
Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions generated 735.7 bitcoin, worth more than...
Bitcoin-Based NFTs Cross 200,000 Ordinal Inscriptions, Yuga Labs Launches Twelvefold Collection
28.2.2023
On Monday, Feb. 27, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain crossed 200,000 at 1:02 p.m. Eastern Time. In addition to the 200,000 inscriptions, Yuga Labs, creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), revealed that the team had created...