Ryder Ripps hires lawyers ahead of legal showdown with Bored Ape’s Yuga Labs

Bored Ape critic Ryder Ripps and the founder of NFT marketplace Not Larva Labs, Jeremy Cahen, have secured the services of a defense counsel for their upcoming legal tussle with Yuga Labs. According to the press statement, Ripps employed the services of Louis Tompros of  WilmerHale and Alfred Steiner of Meister & Steiner PLLC. PRESS…

Hackers promote crypto on British Army Twitter and YouTube pages

Hackers breached the Twitter and YouTube pages of the British Army on June 3 and made several tweets promoting non-fungible tokens (NFTs) and cryptocurrencies. British Army Twitter account @BritishArmy appears to have been hacked pic.twitter.com/41HPtSeln1 — OSINTtechnical (@Osinttechnical) July 3, 2022 The British Army confirmed the hack. The attackers initially changed the name of the Twitter…

BAYC founders call Nazi conspiracy video ‘crazy disinformation campaign’

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The founders of the Bored Ape Yach Club (BAYC) responded to the recent controversy surrounding a documentary accusing them of promoting Nazi imagery. The co-founder of Yuga Labs, Wylie Aronow, known as Gordon Goner, said that the company has become the…

Yuga Labs hires Christie’s NFT head to lead CryptoPunks

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The head of Non-fungible tokens at Christie’s, Noah Davis, announced that he will join Yuga Labs to lead the iconic CryptoPunks collection that Yuga Labs bought a few months ago. In a Twitter post, he revealed that he would be joining…

Avalanche’s new proposal wants ApeCoin on its subnet

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Avalanche is seeking to be the new home for ApeCoin DAO’s APE token and its Otherside metaverse project, according to a proposal submitted by the L1 blockchain platform. Per the proposal, the Otherside metaverse project should be launched on an Avalanche…

CryptoPunk NFT purchased for over $1M sells for less than $140K

The investor who bought CryptoPunk #273  for more than $1 million less than seven months ago sold the NFT for $139,530 — at a massive almost 80% loss. Out of the last 10 CryptoPunks that have been sold, eight were sold at a loss. CryptoPunk #273 was sold for a paltry sum of 55 ETH…

Otherside virtual land value falls as interest recedes

Yuga Labs‘ Otherdeeds NFTs are already selling below the initial purchase price on OpenSea due to waning interest, Bloomberg News reported. After the highly anticipated minting during which Yuga Labs made $320 million, interest in the NFTs has decreased, leading many buyers to try and cash out at a loss. Many paid as high as…

ApeCoin reaches new high as Otherside launch looms

ApeCoin price continues to soar to new highs despite the generally mixed performance of the overall crypto market. The Bored Ape affiliated token reached a new all-time high of over $26.7 on April 28 on the back of the announcement of the upcoming Otherside land auction. The Otherside is coming The Otherside is a metaverse…

Yuga Labs acquisition of Meebits NFT IP reopen talks of market manipulation

There are concerns about market manipulation in the recent Yuga Labs acquisition of Meebits and CryptoPunk IP. This concern stems from an observation that between March 5 and March 11, several addresses purchased a total of 159 Meebits NFTs. Since its acquisition by Yuga Labs on March 11, the floor price has more than doubled…