yuga labs / 6 posts found
Yuga Labs’ ‘HV-MTL Forge’ Has Opened: Here’s What You Need to Know
On June 20, Yuga Labs made major waves by announcing something called the “HV-MTL Forge” to begin on June 29. After sharing only a few major details about the event on social media, the Bored Ape Yacht Club progenitors have now unveiled the full extent of the significant metaverse gaming expansion. Here’s what you need to know. What is the HV-MTL Forge? The HV-MTL Forge has everything to do with, you guessed it, HV-MTL. A seemingly stand-alone gaming venture launched by Yuga in March 2023, HV-MTL is dissimilar from Otherside (an MMORPG linked to the BAYC ecosystem) as it features […]
Bored Apes Are Dropping in Value. Here’s Why.
After an explosive start to 2023, with open editions, Bitcoin Ordinals, and memecoins abound, we’re now experiencing (another) downturn in the NFT market. While this phenomenon is nothing new for those within the metaverse, the ups and downs seem to be hitting everyone a bit differently this time around. Although crypto and NFTs surely haven’t entered into a new cycle, change has already begun affecting some facets of the market at an alarming rate. More specifically, floor prices of the Bored Ape Yacht Club, a robust and long-time staple of the NFT space, have started to wane. Yet, BAYC NFTs […]
Yuga Labs Announces ‘HV-MTL Forge’ to Begin in June
Things are once again heating within the Yuga Labs NFT ecosystem — and this time, it all has to do with HV-MTL. Launched in March 2023, the Bored Ape-adjacent NFT collection has already gained significant traction in Web3 and is about to undergo a major evolution. Billed as one of the “final” stops in the still-evolving, multi-part MDvMM.xyz saga, information about HV-MTL has slowly been unveiled over time. But now, we know that all 30,000 HV-MTL mech NFTs will soon become interactive, as Yuga has announced season one of the “HV-MTL Forge.” What to know about the HV-MTL Forge Announced via Twitter, […]
Ape of Faith: Yuga Labs’ New CEO Buys Bored Ape NFT for $90,000
The Alpha: Yuga Labs’ new CEO, Daniel Alegre, bought a BAYC NFT for 50 ETH (approximately $90,000). The purchase was slightly above the floor price at the time, and the move helps demonstrate Alegre’s belief in the project and his understanding of the importance of community. Dive deeper: Daniel Alegre, CEO of Yuga Labs, just made a splash in the NFT world. On May 10, 2023, he purchased a Bored Ape Yacht Club NFT for 50 ETH on Blur. At the time, the purchase was equal to about $90,000. Why is this so notable? When Alegre made his purchase, the […]
BREAKING: Yuga Labs Is Dropping a Bitcoin Ordinals NFT Collection
The Alpha: Yuga Labs has announced a new generative art project that will release later this week (February 26 – March 4). The 300-piece NFT collection, entitled “TwelveFold,” will be minted on the Bitcoin blockchain as Ordinals Inscriptions. Details surrounding the collection, which will be released in an auction format, will be announced 24 hours before the drop via Yuga Labs’ social media. Dive deeper: The allure of Ordinals Inscriptions, the latest craze to take the NFT space by storm, has become undeniable. As both new and established creators venture into the budding market sector (sidestepping concerns from crypto maximalists […]
BREAKING: Yuga Labs Founder Taking Leave of Absence for Health Reasons
Moments ago, Wylie Aronow, one of the co-founders of Yuga Labs, announced that he would be taking a leave of absence from the company for health reasons. In a tweet, Aronow (better known by his pseudonym, Gordon Goner) stated that he had been diagnosed with congestive heart failure by his doctor. “Symptoms started last year out of the blue and I put off seeking help (like an idiot) so I could keep working. But after testing, my doctor called and asked me to radically change my life,” he wrote. In order to tend to his health, Aronow said he would […]