Bored Ape Yacht Club / 17 posts found
Yuga’s Otherside Gears Up for ‘Legends of the Mara’ Open Beta Launch
Yuga Labs announced that it will be debuting the open beta for its upcoming Otherside metaverse game, Legends of the Mara, sometime in September. Yuga first demoed Legends of the Mara to a small group of Otherdeed holders in July. First announced in March 2022, Otherside continues to represent the largest expansion of the Bored Ape Yacht Club (BAYC) universe, serving as an MMORPG (Massively Multiplayer Online Role-Playing Game) that is directly linked to the BAYC ecosystem. Tapping into virtual land ownership, Otherside enables players to own virtual land, authenticated through their Otherdeed NFTs, to then explore an open-world game. […]
Yuga Labs to Block NFT Trades on OpenSea Over Creator Royalties
Yuga Labs is the latest NFT brand speak out against OpenSea’s extremely controversial decision last week to (once again) do away with enforcing “mandatory” creator royalty fees – by blocking all support for any new or upgradable NFT collections on OpenSea’s SeaPort by February 2024. Yuga Labs, the parent company of both Bored Ape Yacht Club and CryptoPunks announced via “X” (formerly Twitter) that it was committed to helping “foster an ecosystem where…creators are rewarded for their work.” On @opensea's decision to sunset their Operator Filter. pic.twitter.com/ahc155WWkX — Yuga Labs (@yugalabs) August 18, 2023 “For as much as NFTs have […]
Sotheby’s Joins Growing List of Defendants in BAYC Class-Action Lawsuit
Sotheby’s auction house was recently named as a defendant in an ongoing class-action lawsuit that was filed by Bored Ape Yacht Club (BAYC) investors against its parent company, Yuga Labs. Sitting in the Hot Seat The class-action lawsuit, filed in December 2022, named more than 40 defendants with allegations that they were artificially inflating the prices of BAYC NFTs through celebrity promotions without the proper disclaimers required by the anti-touting provision of the Securities Act. Celebrities named in the lawsuit included Justin Bieber, Paris Hilton, Jimmy Fallon, Gwyneth Paltrow, Serena Williams, Madonna, Steph Curry, and more who have all publicly […]
Yuga Labs Acquires Roar Studios to Help Build Otherside Metaverse
Yuga Labs announced on July 31 that it would be acquiring the metaverse startup Roar Studios. This move will push the ongoing development of its Otherside metaverse forward and open up new avenues for communities to connect and express themselves. We are proud to announce Yuga Labs is acquiring Roar Studios, a music and metaverse startup led by long-time entertainment Executive, Eric Reid, to execute our expansive vision for @OthersideMeta. For more, read here: https://t.co/Ll9OMrSwEP. pic.twitter.com/o2FankWun2 — Yuga Labs (@yugalabs) July 31, 2023 Building immersive experiences Roar, the brainchild and flagship product from Roar Studios, is an immersive media experience […]
NFTs Are Crashing (Again). Here’s Why.
The NFT space isn’t what it used to be. This has become painfully obvious to those within Web3 over the past few months. From controversial memecoin escapades to overwhelming regulatory initiatives, the magic of the metaverse has been palpably waning throughout 2023. As it stands, the current state of the non-fungible ecosystem is a far cry from the market highs that helped kick off the year. Yet, this round of “NFTs are crashing” feels different than times past. With this bout, the causation behind NFTs slowing down feels more nuanced. Rather than fear, uncertainty, and doubt (FUD) leading the market […]
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 […]
Exclusive: Yuga Labs Executive Talks Dookey Dash, Hacks, and What’s Next
You might say that Yuga Labs’ Dookey Dash was a success. At least, that’s what the hundreds of thousands of hours people spent playing the game and the nearly 37,000 ETH in Sewer Pass trading volume on the secondary market would indicate. When the game’s two-week run ended on February 16, few in the Web3 space were particularly surprised by the achievements of this latest gamified minting mechanism of the Bored Ape Yacht Club ecosystem. But that near-blasé response to Dookey Dash’s smooth execution is compelling evidence of Yuga’s increasing ability to pivot to the play-to-earn (P2E) gaming sector via […]
No Sewer Pass? Here’s How You Can Still Play BAYC’s Dookey Dash
It’s been a week since Dookey Dash went live, and the hype surrounding Yuga Labs’ skills-based endless runner-style game has yet to die down. From leisure gamers to competitive players (and even those looking to hire out for a high score), it seems everyone wants to take a shot at the hot new Bored Ape Yacht Club game. And who can blame them? NFT sales are up more than 40 percent in January. BAYC-related assets are leading the charge, having claimed a seriously significant portion of the total ETH NFT volume for the month. But not everyone can get a run at […]
ApeCoin Staking Is Live: Here’s Everything You Need to Know
It’s official, ApeCoin staking is live, and as of December 12, the first $APE rewards have accrued. But whether you’re an early Bored Ape holder that claimed every subsequent Yuga Labs airdrop, or an NFT enthusiast who only recently purchased their first bit of $APE, staking can seem like a daunting task. A process that has long been a facet of the crypto industry, if done right, staking has the potential to be a significant win for token holders. But if mishandled, it can have catastrophic consequences. With so much misinformation being circulated throughout the metaverse, it’s become more important […]
A Pillar of the BAYC Universe: Meet the Mutant Ape Yacht Club
Few NFT collections are as popular as the Mutant Ape Yacht Club (MAYC). Second only to its Bored Ape predecessors, MAYC NFTs embody the same prestige as other blue-chip projects, with the bonus of being directly linked to the vast universe being built by Yuga Labs. While MAYC has become prominent, many enthusiasts remain oblivious to the origins and implications of the coveted collection. Yes, Mutant Apes is a subsidiary of Yuga, but the discerning factors that make them truly unique are often glazed over in the annals of NFT history. Why were Mutant Apes released in the first place? […]