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Bored Ape Yacht Club’s Discord was ‘briefly exploited’ resulting in 200 ETH in NFT thefts

Blue-chip non-fungible token (NFT) project Bored Ape Yacht Club (BAYC) said on Saturday afternoon that its Discord servers were subject to a “brief” exploit, as 200 ETH ($357,000) worth of NFTs were ultimately stolen from users. Screenshots posted by a Twitter user with the screen name OKHotshot show that a project community manager’s Discord account appears to have been hacked, meaning scammers could carry out a phishing attack. “We are still investigating, but if you were impacted, email us at …

Immutable proposes the Otherside metaverse should be built on its Layer 2 network

NFT startup Immutable submitted a proposal to the ApeCoin DAO on May 27 to have the Otherside metaverse built on its network: Immutable X. Immutable’s proposal notes that the cost to integrate, mint and transfer assets on its network would be zero, while primary and secondary sales would incur a fee of just 2%. The proposal goes on to say that Immutable has been working to bridge the “gap between highly technical and complex blockchain technology and mass-audience adoption for …

NFT prices crumble as crypto market enters downturn

Quick Take NFT prices and sales volumes are falling amid a rout in crypto markets. CryptoPunks and Bored Ape Yacht Club collections have seen their floor price plunge. Prices of non-fungible tokens (NFTs) have declined this week as the TerraUSD (UST) algorithmic stablecoin’s de-pegging heaps pressure on cryptocurrency markets.  The popular Bored Ape Yacht Club (BAYC) has seen its floor price — a measure of the cheapest NFT in the collection – drop by 25% over the past week to …

Elon Musk changes Twitter profile picture to Bored Ape collage

Elon Musk, the billionaire Tesla CEO in the process of buying Twitter, appeared to change his profile picture on the social network to a composite image featuring multiple Bored Ape Yacht Club non-fungible tokens (NFTs) on Wednesday. As of Wednesday morning, Musk’s Twitter avatar featured a picture of dozens of Bored Apes, with Ape 5809 in the centre. The image appeared to be a stock photo.  The price of apecoin, the token launched by Bored Ape creator Yuga Labs, climbed …

Bored Ape NFT floor price hits record high above $430,000

The floor price of Bored Ape Yacht Club (BAYC) NFTs hit a record high on Friday as its creator, Yuga Labs, prepares to drop a new collection for its metaverse project, dubbed Otherside. One BAYC NFT now costs a minimum of 152 ETH (nearly $434,000) on the NFT marketplace OpenSea. That’s a new all-time high in both ETH and USD, according to The Block Research, citing data from Dune Analytics. Source: The Block Research, Dune Analytics (@cryptuschrist) The BAYC NFTs …

Yuga Labs’ Otherside scraps Dutch-style auction for NFT sale

Yuga Labs’ impending sale of NFTs for its Otherside metaverse will no longer use a Dutch-style auction this weekend, according to a blog post. “Dutch auctions are actually bullsh*t, so Otherdeeds will be sold for a flat price of 305 apecoin,” said the metaverse project’s official Twitter account. The project originally intended to use such an auction, which typically involves a bidding war in which the asking price starts high and then keeps falling until all units are sold. But …

Bored Ape Yacht Club confirms its Discord was hacked

The Discord server of Bored Ape Yacht Club — the largest NFT collection by market cap — was compromised today, the team confirmed in a Twitter post. An unknown hacker gained access to the official Discord meant to host members of Bored Ape Yacht Club, Mutant Ape Yacht Club and Mutant Ape Kennel Club, three NFT collections from Yuga Labs.  The hacker successfully posted a phishing link in the Mutant Ape Kennel Club channel. It was disguised as a ‘stealth …

Madonna becomes the latest celeb to flaunt a new Bored Ape

Popstar Madonna has acquired a Bored Ape non-fungible token (NFT) valued at more than half a million dollars. The 63-year old singer said in an Instagram post on Thursday evening that she had “entered the metaverse” by acquiring Bored Ape #4988, a cartoon monkey with funky fur and an ‘S&M hat.’ In the post, she thanked MoonPay, a crypto payments outfit that has been purchasing big ticket NFTs on behalf of celebrities since late last year.   Transaction records on …

Bored Apes creator Yuga Labs raises $450 million in round led by a16z: report

Yuga Labs, the creator of the Bored Ape Yacht Club NFT collection, has reportedly completed the raise of a $450 million funding round. The fundraise, reported by The Verge, values the firm at $4 billion. Leading the round was Andreessen Horowitz, which per earlier reports has been circling a Yuga Labs fundraise. Other contributors include Animoca Brands, Coinbase and MoonPay. The Financial Times had previously reported that Yuga Labs was raising funds at a multibillion-dollar valuation.  The funding comes as …

Bored Apes creator Yuga Labs teases new project called ‘Otherside’

Yuga Labs, creator of the Bored Ape Yacht Club NFT collection, dropped a teaser trailer for a new project called Otherside. The teaser itself doesn’t explicitly state what Otherside is, but recent hints — as well as details contained in a report by The Block’s Ryan Weeks — strongly suggest that Otherside will focus on the “culture, gaming, and commerce” invoked during this week’s announcement of ApeCoin. The teaser tweet indicates that the project will feature the use of ApeCoin. …