Sewer Pass holders can now begin the next phase in the journey, burning their old passes to mint new NFTs with tiers depending on their score in Dookey Dash.
Yuga Labs Co-Founder Says First Bitcoin NFT Auction Doesn’t Open Door to Scammers
Greg Solano said the company’s use of the Bitcoin blockchain and its strategic bidding process could only be done because Yuga Labs is a “trusted party.”
Snoop Dogg revealed as co-founder of Web3-powered livestream platform
Snoop Dogg has had a considerable presence in the Web3 creator movement since NFTs first gained popularity in 2021.
Nifty News: Yuga Labs jumps on Ordinals hype, Dookey Dash key sells for 1,000 ETH and more…
Google Trends data shows interest in NFTs has waned, even as trading volumes are surging, while Korean multinational giant Lotte has partnered with Polygon.
Winning Dookey Dash Key Sold for $1.6M
The one-of-one “Golden Key” was earned by receiving the highest score on Yuga Labs’ skill-based NFT game Dookey Dash last month.
Bitcoin miners already made nearly $600K from Ordinals’ NFT transactions
The Ordinals hype is real with the NFT inscriptions now regularly taking over 50% of Bitcoin block space.
BAYC copycat files opposition to 10 Yuga Labs trademark applications
A Yuga Labs spokesperson has played down the significance of the opposition notice and suggested that the RR/BAYC co-founder is just trying to cause trouble.
FBI seizes $100K in NFTs from scammer following ZachXBT investigation
The seized property included a Bored Ape Yacht Club and Doodles NFT, 85.6 Ether and a flashy Audemars Piguet watch which ultimately helped ZachXBT identify the alleged scammer.
Opinion: Should Bored Ape buyers be legally entitled to refunds?
It isn’t clear whether a 25-year-old European Union law means you should be allowed to get refunds on your NFTs.
Yuga Labs co-founder to take leave of absence due to health reasons
Aronow said he will still be contributing as a board member and strategic advisor. However, his priority will be to get the best medical treatment he can to make a full recovery.
ApeCoin Buckles As News Of Stolen BAYC NFT Hits The Market
The Bored Ape Yacht Club NFT collection has been the target of an exploit this January 20th. FranklinIsbored, one of the biggest holders of BAYC NFTs, is targeted with an exploit of OpenSea’s stolen ApeCoin policy which allowed the attacker to sell a marked Bored Ape.
This Bored Ape was marked as “under review for suspicious activity” which supposedly locks the NFT from being sold. Franklin has been the target of this exploit for the second time this week with the first one being January 20.
Hey @opensea can you PLEASE fix your stolen ape policy? This ape with a yellow caution mark sold to my OpenSea WETH offer for 65 WETH. You collected 1.625 WETH in fees, and I cannot resell this ape. It was already marked before the sale happened. You have failed with this policy. pic.twitter.com/jGO9sClKbi
— Franklin (@franklinisbored) January 20, 2023
Since then, ApeCoin, the native token of the Bored Ape Yacht Club ecosystem, has fallen 1.3% in value in the past 24 hours. APE is currently trading at $5.80, up 16.6% in the last seven days, data from Coingecko show.
The Gist Of The Situation
The two exploits happened within three days of each other. According to Franklin’s tweets, the flagged apes can’t be sold since they are subjected for review. These stolen assets shouldn’t have been sold in the open market according to OpenSea’s stolen item policy.
The exploit works as the attacker uses OpenSea’s “Match Advance Order” system to “Mint” and sell it to Franklin. According to recent news, the total amount of Bored Ape and Mutant Ape NFTs being stolen has now reached nearly $20 million.
It happened again – second time in a week someone has exploited OpenSea’s stolen ape policy to sell to my collection offer after it was already marked as “under review for suspicious activity” (yellow mark). They used a “Match Advanced Order” function to “Mint” and sell to me. pic.twitter.com/21hijgtUse
— Franklin (@franklinisbored) January 22, 2023
OpenSea has not been transparent with the amount of stolen NFTs on the platform. Beetle, a self-described on-chain sleuth, has recently released charts of the platform’s number of stolen NFTs. In total, 1,278 NFTs have fallen in the hands of cyber-thieves within the platform.
The NFT marketplace has not responded since the news hit the market.
ApeCoin Still Showing Potential
Even with the negative news surrounding BAYC, the token is still poised to see gains in the coming days. At the time of writing, the charts show that ApeCoin bulls are able to break through the $5.867 resistance.
For the bullish momentum to continue, the token should close today above its current resistance which would give the bulls a chance to move upwards. However, if the resistance holds, a retest of the $5.063 support could occur in the coming days.
The token also has a strong correlation with Bitcoin which is retesting the $23,000 resistance. If Bitcoin closes above this crucial $23k resistance, ApeCoin will have the boost needed to grab its September 2022 price levels.
For now, investors and traders should focus on breaking through ApeCoin current resistance as a breakthrough on this level would mean more gains in the medium and long term.
-Featured image from African Wildlife Foundation
Nifty News: ‘Degen’ season returns with feet NFTs, disappointing Game of Thrones NFTs and more
Foot fetishists and crypto degens have taken interest in an NFT collection boasting 10,000 unique pixelated trotters with over $1 million in trading volume.
Bluechip NFT project Moonbirds signs with Hollywood talent agents UTA
PROOF Co-founder Kevin Rose announced the deal via Twitter on Jan. 6, noting that the aim is to get the Moonbirds brand recognized on a global scale and not just in the Web3 space.
NFT influencer falls victim to cyberattack, loses $300K+ CryptoPunks
They appear to have authorized a malicious DApp to transfer their tokens, leading the assets to be drained immediately.
‘Huge signal and validation’ — Top Activision exec to take Yuga Labs’ helm
Kieran Warwick, co-founder of blockchain role-playing game Illuvium, believes Yuga Labs’ latest hire will be a boon for GameFi.
Nifty News: Reddit NFT mints reach all-time high, EU’s $400K Metaverse party flops and more
With the record mint day for Reddit avatar NFTs, there are now around 4.4 million Reddit NFTs in circulation.
Nifty News: Nike unveils NFT platform, Steve Jobs’ sandals sell for $200K and more
A one-of-a-kind NFT of the Birkenstocks sandals worn by Apple co-founder Steve Jobs at various times during his life has sold for over $200,000.
Nifty News: Reddit NFTs surge into OpenSea top 10, judge likens NFTs to ‘luxury’ property and more
Reddit’s NFT collections have taken some of the top 10 spots on OpenSea and seen millions in sales volume over the past week.
Bored Ape creators and other NFT projects investigated by SEC probe
A source familiar with the matter said the SEC is looking into whether certain NFTs from Yuga Labs could be “more akin to stocks.”
Nifty News: Yuga Labs launches BAYC council, Animoca backs Cool Cats and more…
Solana NFT volume surged to $130 million in September and Gary Vaynerchuck’s VeeFriends are set to be released as collectibles at Macy’s and Toys “R” Us.