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NFT Sales Defy Crypto Market Downturn, Rising 4.52% This Week


Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This...

NFT Sales Plunge 21% Amid Broad Crypto Market Decline


Global non-fungible token (NFT) sales experienced a decline this week, dropping 21% from the previous week. Across 21 unique blockchains, the total sales just surpassed the $100 million mark over the past seven days. Weekly NFT Sales Fall, Cryptopunks and Pudgy Penguins Surge NFT sales have...

NFT Market Slump: Cryptopunks and Bored Ape Values Plummet Over 90 Days


Based on statistics from the past three months, the non-fungible token (NFT) collections Cryptopunks and Bored Ape Yacht Club (BAYC) have seen a notable decrease in value. On March 17, 2024, the floor value of Cryptopunks was approximately 49 ether, but 90 days later, it dropped to 25.45 ether....

Holder of Bored Ape Yacht Club loses three NFTs worth $164,000


As observed by ZachXBT, a crypto sleuth, a Bored Ape Yacht Club holder, managed to lose three NFTs, a value of 5,8505 ETH, to a fraudulent character. The figure is equivalent to $164,400. It happened via a phishing threat. Etherscan, a blockchain AYC NFT transaction, has been utilized in past...

Yuga Labs Resumes Layoffs; CEO Says Web3 Platform ‘Lost Its Way’


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...

7-Day NFT Sales Increase by 37%, Bitcoin-Based Collections Lead


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...

Yuga Labs Accuses Ryder Ripps of Destroying NFT Keys to Evade Court Order


Bored Ape Yacht Club creators, Yuga Labs, are accusing artist Ryder Ripps of deliberately destroying access to his wallets containing RR/BAYC NFTs to avoid complying with a court order. The post Yuga Labs Accuses Ryder Ripps of Destroying NFT Keys to Evade Court Order appeared first on Cryptonews

Yuga Labs’ Acquisition of Proof Fuels Moonbirds NFT Sales Uptick


Friday saw Yuga Labs, known for creating the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) series, unveiled its acquisition of Proof, a notable NFT startup behind the Moonbirds collection. Kevin Rose, founder of Proof, will assume an advisory role within Yuga, and the startup’s team...

Artists Ordered to Pay $9 Million in BAYC Copyright Dispute


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


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


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...

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