Značka: Mutant Ape Yacht Club

Nifty News: Napoleon Dynamite cast reunites in Web3 animated series, Sega's blockchain game and more…

The main cast from the cult-classic film Napoleon Dynamite are reuniting for an animated series which will be released through blockchain technology. According to a Sept. 27 report from Hollywood news outlet Deadline, the stars from Napoleon Dynamite have all signed on to voice characters in CyKo KO, an animated rendition of Rob Feldman’s comic book bearing the same name, with a 12-minute pilot to launch on Web3 streaming service Rewarded.TV. Napoleon Dynamite is an indie-comedy from 2004 that developed a cult following across the globe despite being shot in just 22 days and having a limited budget of $400,000. The main cast includes Jon Heder, Tina Majorino, Efren Ramirez and Jon Gries. Heder, who played Napoleon Dynamite, will take up the role of the main character who also bears the same name as the show. CyKo KO follows the story of a hero and his sidekicks who protect the colonies of “SuperEarth” from enemies and giant monsters. A 12-minute pilot is reportedly in the works at this stage. As part of the fund raising process from the show, Rewarded.TV will host the sale of CyKo KO NFT card collectible packs on October 1. The packs start at $59 a pop and were developed in partnership with Theta Labs. Hodler’s of the NFTs will gain access to all season 1 episodes of the series along with other shows and films on Rewarded.TV. Monthly prizes and a chance to meet the cast of CyKo KO or to cameo in the pilot has also been touted.Cyko KO NFT drop: Rewarded.TVThe Web3 streaming platform enables users to earn RPLAY tokens and NFT rewards for time spent watching media, while people can also earn from launching their own content. Sega’s first blockchain game Japanese gaming giant Sega is set to release its first blockchain game via Oasys’ Layer-2 network called the HOME verse.According to a Tuesday announcement from Oasys, the game is based on the Romance of the Three Kingdoms mythology, which is from Sega’s SANGOKUSHI TAISEN arcade-based card game franchise. The game itself will be developed and operated by double jump.tokyo and it will consist of a digital collectible card game, most likely with a PVP battle mode attached to it. Artwork from Sega’s SANGOKUSHI TAISEN game franchise: OasysWhile it doesn’t represent a triple-A quality game launch, the move is significant as it shows that Sega is finally ready to dip its toes into the blockchain gaming market. Speaking to Cointelegraph at the 2022 Tokyo Games Show earlier this month, Oasys representative director Ryo Matsubara emphasized that big gaming companies in Japan such as Bandai Namco, Sega and Square Enix all hold a long term vision for blockchain-based gaming. “They don’t [want to] change that policy. They really understand the future adoption of blockchain. They’re not thinking about, you know, just the revenue, they want to create the next future [of gaming],” he said. Related: Anonymous makes numerous allegations against Yuga Labs and its Bored Ape Yacht ClubPUBG creator looking at Metaverse game next Brendan Greene, the creator of the highly popular survival shooter game PUBG, has revealed his next game called Artemis will be a Metaverse-focused title that will likely have NFT and blockchain elements. Greene noted in a Wednesday interview with Hit Points that the game will allow players to create whatever they like in a large open world, and that digital items like NFTs will be incorporated so that users can extract value out of the game via digital goods. “We’re building a digital place. That has to have an economy, and it has to have systems at work. And I do believe you should be able to extract value from a digital place; it has to be like the internet, where you can do stuff that will earn you money.” “But it’s not about, like, Chanel and Louis Vuitton. It’s some kid called AwesomePickle selling cool skins because he understands what people want,” he added. Mega ETH borrow against Mega Mutant Apes One ballsy NFT collector has utilized NFT lending platform Arcade to borrow 1,044 Ether (ETH) against two of their Mutant Ape Yacht Club (MAYC) NFTs this week. At the time of writing, 1,044 ETH is worth $1.33 million, and the hodler who goes by @fragmentxyz on Twitter, used the borrowed capital to purchase another rare MAYC NFT for 1,000 ETH. 1000 ETH was borrowed against two mega mutants today on @arcade_xyz! The payback is set to be 1,044 ETH in 90 days (18% APY). Additionally the borrower (@fragmentxyz) has bought a third mega mutant from @machibigbrother pic.twitter.com/0dkWIVOGYo— 0xTIGΞR (@PltTiger) September 27, 2022Under the loan repayment terms, @fragmentxyz has an interest rate of 18% APY that needs to be paid down within 90 days. The move marks a novel method to extract liquidity NFTs without selling them (in theory) and suggests that the hodler is betting on there being no major price volatility for MAYC NFTs over the next three months.Other Nifty News Christie’s has launched its own dedicated NFT “on-chain auction platform,” allowing auctions to be carried out fully on-chain on the Ethereum network. The Walt Disney Company could be on the verge of expanding into the crypto space after posting a new job for an “experienced corporate attorney” to work on “emerging technologies” such as NFTs and the Metaverse.

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ApeCoin price breakout stalls after $2.4M BAYC NFT robbery — What's ahead?

ApeCoin (APE) underwent a modest selloff a day after the Bored Ape Yacht Club (BAYC), a popular nonfungible token (NFT) brand, reported losing $2.4 million worth of digital collectibles in a robbery.APE price rally to $25 stallsThe hacker compromised BAYC’s official Instagram account, using it to post a phishing link that withdrew tokens out of users’ cryptocurrency wallets. On April 25, the BAYC Twitter handle confirmed the hack, albeit too late as users had already transferred tokens to the hacker’s account, thus losing ownership of their extremely expensive Bored Ape, Mutant Ape and Bored Ape Kennel Project NFTs.annnd there goes like 100 apes to the hacker https://t.co/X2ts0mncTt pic.twitter.com/1tU2MVlpxU— cool guy moon (@MoonOverlord) April 25, 2022OpenSea, the biggest NFT marketplace by volume and earnings, tagged the stolen NFTs as suspicious. But even then, the hacker ended up selling four BAYC collectibles for about $1.6 million.APE, which serves as a governance token to BAYC’s decentralized autonomous organization ApeCoin DAO, dropped by nearly 11% to $17.41 this April 26. As it fell, the token also deviated from the upside target of its prevailing “symmetrical triangle” pattern around $25, as shown in the chart below.APE/USD daily price chart featuring ‘symmetrical triangle’ setup. Source: TradingViewThe correction confirmed strong bearish sentiments around $20, a level that coincides with the 0.382 Fib line of the Fibonacci retracement graph, drawn from the $41-swing high to the $8.50-swing low. This raised the possibility of APE extending its correction toward the 0.236 Fib line near $16 in the medium term.Rising wedge risks further APE selloffMore downside cues in the ApeCoin appeared in the form of a “rising wedge” pattern.In detail, rising wedges form when the price trends higher inside a range defined by two contracting, ascending trendlines. These patterns typically resolve after the price breaks below the lower trendline alongside a rise in trading volumes.Related: What are the top 3 trending altcoins to buy in 2022 | Find out now on The Market ReportApeCoin has been forming a similar ascending structure since April 2022, as shown in the chart below. APE/USD four-hour price chart featuring rising wedge setup. Source: TradingViewA rising wedge’s breakdown target is measured after adding the maximum distance between the upper and lower trendlines to the breakout point. Therefore, APE’s downside target for Q2 is between $14.37 and $17.50.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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ApeCoin: APE price climbs 55% in three days as a 'BAYC land drop' rumor goes viral

ApeCoin (APE) price has exploded higher on anticipations that it would become a de-facto payment token in an upcoming metaverse land sale.APE price swelled nearly 28% in one day to reach over $17 per token on April 20. The rally came as a part of a rebound from three-day lows under $11, resulting in a 55% gain.APE/USD four-hour price chart. Source: TradingViewBAYC land airdropA rumor circulating across social media platforms since April 18 suggested that the owners of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs may receive virtual lands on the Yuga Labs’ much-anticipated “Otherside” metaverse platform.Alpha leak: these projects will be auto whitelisted to mint Otherside land. BAYC – airdrop (center land)MAYC – airdrop (mid land)CryptoPunks – WL (outer rim)Meebits – WL (outer rim)Cool Cats – WL (outer rim)Nouns – WL (outer rim)WoW – WL (outer rim)Toadz – WL (outer rim) pic.twitter.com/gZ5ldAdoQM— Willy ₿ullish (@WillyTheDegen) April 18, 2022Otherside will be an MMORPG game where players can employ their NFTs as native avatars or characters. A leaker investor pitch deck showed that Yuga Labs expects to earn $178 million by selling virtual lands, with APE acting as the de-facto token to process these purchases. Some BAYC NFT owners claimed that Yuga Labs would sell the Otherside virtual lands via a Dutch auction. In doing so, the firm could set the minimum bid at 600 APE, about $10,700 at today’s price.Was just sent some huge alpha re @yugalabs land drop. The sale will be a Dutch auction of some sort starting at 600 $APE. BAYC / MAYC (Airdrop) Punks, Meebits, Cool Cats, Nounz, WoW, Toadz (Auto WL) Get your $APE ready. Looks like we’re gonna need it. #BAYC #OTHERSIDE— renegademaster / guccibayc.eth (@renegademasterr) April 20, 2022

Given this potential use-case, demand for ApeCoin may grow higher, which could partially explain APE’s upside momentum in the last three days.APE undergoing bullish breakoutThe latest bout of buying in the APE spot market saw the APE/USD pair break out of a classic bullish continuation pattern.Related: How to get premium high-resolution metaverse and NFT imagesAs Cointelegraph reported earlier, breaking above the so-called “bull pennant” with decisive volumes could have ApeCoin rally above $40 in the next few months. Meanwhile, if the technical pattern turns out to be a “symmetrical triangle” instead, APE’s upside target will be near $22, according to the setup shown below. APE/USD daily price chart. Source: TradingViewApeCoin now targets the 0.236 Fib line (~$16) of the Fibonacci retracement graph, drawn from $41-swing high to $8.50-swing low, as its interim resistance. A pullback from the said price ceiling would risk sending APE toward the triangle’s top near $12.50.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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ApeCoin announcement surges BAYC floor price to near-ATH before correction

The Bored Ape Yacht Club (BAYC) has officially revealed their ERC-20 utility and governance token ApeCoin (APE), marking a diversification from profile-picture projects (PFPs) into “culture, gaming and commerce” within the Web3 sphere.The asset has been developed and launched by the ApeCoin decentralized autonomous organization (DAO), a distinguished entity from Yuga Labs, which has established a six-month tenured council committee comprising of Alexis Ohanian, Amy Wu, Maaria Bajwa, Yat Siu and Dean Steinbeck, to oversee the DAO’s development.ApeCoin’s official Twitter account stated Thursday that the members of the BAYC ecosystem will be granted a 90-day window of opportunity to claim their allocation of the 10,000 tokens commencing Thursday at 12:30 pm UTC.Token claim is now open. If you own a BAYC Ecosystem NFT, go here: https://t.co/NLOB0m4cqf Reminder: the claim period will be open for 90 days, and tokens associated with an NFT can only be claimed once.— ApeCoin (@apecoin) March 17, 2022A number of prominent exchanges such as Binance US, FTX, Gemini and OKX, among others, have already pledged to list and enable public trading of the asset on their platforms.Despite this, others have profited from the market euphoria with the launch of similarly named tokens like APECoin.dev. The project in question has amassed a market capitalization of over $1.5 million with a price of $0.145. In response, CoinMarketCap has published a red warning tag on the page advising that the token is not affiliated with the official BAYC project, and should not be interacted with.Related: Bored Ape NFT holders to receive ApeCoin — ‘The Dogecoin of NFTs’Cointelegraph spoke to Insight, a Bored Ape holder and (nonfungible token) NFT journalist for an expert perspective on the community’s expectations for the release. “This airdrop will be unprecedented, there is no doubt”, he stated, “but historically, in the space, we have watched these airdrops pump and slowly fizzle out as the engagement dissipates. That being said, with the momentum of BAYC and their positioning in the NFT space as the number 1 collection, I believe things may be different.”“I don’t think we will see the emotional attachment that holders have for the ape NFTs, themselves, but either way, this is HUGE for both ape holders and the space as a whole.”As a consequence of the asset’s launch, the average price of the BAYC collection rose significantly across the last seven days from 76.11 Ether (ETH) last Friday with a total volume of 913 ETH, to an average price of 110.15 ETH and a volume of 9,583 ETH in the hours preceding the launch on Thursday.In a parallel trend, the floor price also witnessed a growth spurt, before falling sharply upon the ApeCoin launch from around 108.69 ETH to 78 ETH at the time of writing.Additionally, the floor price of the accompanying collections Mutant Ape Yacht Club and Bored Ape Kennel Club has experienced major fluctuations, currently sitting at 15.85ETH and 5.8ETH, respectively.

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OpenSea NFT trading volume surges as Bored Ape mania intensifies

NFT trading volumes on OpenSea are surging in January amid a renewed speculative frenzy on Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). According to data posted by “rchen8” on Dune Analytics, OpenSea has generated more than $700 million worth of trading volume since the start of 2022, with Jan. 3 being the biggest day of the year with a whopping $255.8 million worth of 24-hour volume.While popular onlookers as Wu Blockchain have asserted that the volume on Jan. 3 was a record high for OpenSea, previous data posted by rchen8 on Dune Analytics shows that Aug. 29 saw the all-time high (ATH) of $322 million. In December, OpenSea’s monthly volume topped $3.24 billion and fell just 5.3% short of the platform’s ATH in August of $3.42 billion. With the NFT marketplace already conducting more than $700 million worth of trading volume within the first four days of January, the record highs may soon be broken if the momentum continues throughout this month. Bored Ape maniaA factor that may be contributing to OpenSea’s surging volumes, is the recent mania surrounding the BAYC and MAYC NFTs along with a basket of other projects from Yuga Labs. Data from CryptoSlam shows that the MAYC is currently the top-ranked NFT project in terms of seven-day volume on secondary markets at $93.2 million, with the BAYC NFTs following closely behind at second with $88.4 million. Related: Bored Ape Yacht Club NFTs catch up to CryptoPunks, flips floor priceOver the past 30 days, the MAYC and BAYC projects have generated $189.7 million and $182.6 million apiece, making them the third and fourth highest ranked NFT collections at the time of writing. In terms of 24-hour volume, MAYC has garnered $18.7 million worth of secondary volume, while the BAYC has generated $14 million. According to OpenSea, the current floor price for BAYC NFTs is a hefty 67 Ether (ETH) worth roughly $250,000, while the MAYC NFTs are currently going for 15.87 ETH, or $59,300. In January so far, several Pop-culture icons such as rapper Eminem, musician Britney Spears, and comedian Dave Chappelle all reportedly snapping up BAYC NFTs for six-figure sums this month. BREAKING: @DaveChappelle just purchased @BoredApeYC #8343 for 99 ETH ($371,343.06) WelcomeWallet created today, and ENS held the domain davidchappelle.eth for him and allowed him to mint 2 it hours agoIronically, his name on OpenSea is “FollowtheWhitePeople” pic.twitter.com/E7B3ynpqCy— m0rgan.ethᵍᵐ ‍♀️ (@Helloimmorgan) January 2, 2022

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Nifty News: Decentraland Times Square NYE party, Mutant Apes go bananas and more…

Times Square NYE party in DecentralandDecentralized Metaverse project Decentraland will unveil the virtual reality version of the iconic Times Square via a New Years Eve party that coincides with the timing of the real life celebration in New York city. The event is called the “MetaFest 2022 NYE Party” and will run until 8:00 am UTC on Jan. 1 in Decentraland’s Estate 4 district. It will feature live music, rooftop VIP lounges, a new tokenized collectibles and wearables drop, live feeds of real world NYE events across the globe, CryptoArt galleries and games. The virtual reality equivalent of the famous spot at the heart of New York is called “One Times Square,”, with the “one time” pun suggesting that the structure may be dissolved after the party concludes. Celebrate New Year’s in Times Square… in Decentraland!https://t.co/phe7qr10LY— Decentraland (@decentraland) December 29, 2021“Let’s party like it’s 2022: for Meta or for Worse” Decentraland punned in the event invite. Only around 150 people have registered their attendance so far, but you know how it is with parties — first you worry no one’s coming and then everybody shows up at once..Surging interest for Mutant ApesYuga Labs’ Bored Ape Yacht Club spinoff project the Mutant Ape Yacht Club has risen to the top of the secondary sales volume charts. According to data from CryptoSlam, interest in the Mutant Ape Yacht club NFTs have surged 355.29% over the past 30 days, generating $76.8 million worth of sales on secondary markets.The NFTs depict Mutant versions of the widely popular Bored Ape avatars, and it is currently the top ranked project in terms of 24 hour and 7 day volume.The recent trend appears to be part of a larger demand of Yuga Lab’s NFTs, as the seven-day secondary volume for its other projects such as the Bored Ape Kennel Club and the Bored Ape Chemistry Club have also increased by 915% and 345% respectively. While Yuga Lab’s NFT projects all sit in the top 10 of seven day sales volume, the biggest surge in demand appears to be for the Solana-based Crypto Astronauts NFTs, with secondary sales volume increasing by a whopping 172,235% within that time frame. Taking NFTs to the bank?Crypto-friendly Swedish bank Mecro Bank has outlined plans to enter the NFT and Metaverse sector. The bank offers services across Europe and is currently working on a pilot project to launch a digital asset custody service in the future.According to a Dec. 29 announcement, Mecro Bank aims to launch its own NFT collectibles as a new way to “make money,” and it is currently working on strategies to roll out a virtual banking experience across Metaverse-based virtual worlds. The firm cited the importance of integrating its services with emerging technologies and trends to meet the growing demand of users. “[The] Metaverse has been tipped to grow in importance as a digital financial platform for banking and financial transactions, as well as personal and business interactions. In order to make this new environment as immersive and realistic as possible, managing finances and transactions effectively will be critical,” the announcement read. Related: Leading toymakers launch NFTs on carbon-neutral blockchainCipher Punks NFT drop causes a stirAn unlicensed NFT project dubbed “Cipher Punks” depicting key figures from the Cypherpunk movement has been shut down after pushback from people featured in the tokenized artworks.The team behind the project, ItsBlockchain revealed in a Dec. 29 blog post that it was shutting down the collection of 500 NFTs just three days after launch, citing feedback from Cypherpunks who “didn’t like the idea of their images being used as NFTs and digital drawings.”Figures such as Electronic Frontier Foundation (EFF) speech activist and director Jillian York, noted on Twitter on Dec. 27 that they “don’t approve of this whatsoever” and asked the team to remove the NFT and digital artwork depicting them. I don’t approve of this whatsoever and would like it removed. https://t.co/xy6W2w97NF— Jillian C. York (@jilliancyork) December 26, 2021

The ItsBlockchain team said that it will be refunding every “single penny” anyone spent on the project, including gas fees and it has completely wiped the project off the internet, with its social media pages and OpenSea accounts no longer accessible. “We were not aware of the likeness laws in NFTs as the market is not regulated. It’s our mistake. We have to own up to it,” the blog post read. Well, someone reposted the NFT collection. This won’t go away, will it? https://t.co/4jQo0kUQ9h cc: @mattblaze @kataclyst @runasand @evacide @joncallas— Jillian C. York (@jilliancyork) December 27, 2021

Other Nifty NewsKraken co-founder and CEO Jesse Powell revealed last week that the crypto exchange will launch a nonfungible token (NFT) marketplace that will enable users to borrow funds against their NFTs.Italian luxury sports car manufacturer Ferrari is making moves in the blockchain industry after it penned a partnership with Swiss blockchain startup Velas Network. The deal will potentially see the with rollout of licensed Ferrari NFTs, as the start up firm has a specific focus on the sector.

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