Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Bored Ape creator Yuga Labs tops NFT sales with 35% share

Bored Ape creator Yuga Labs tops NFT sales with 35% share

TwelveFold, a collection of 300 generative “NFTs” on the Bitcoin network using Ordinals Inscription, was released in February by Yuga Labs. About $16.5 million was made in sales during the first auction.

Yuga Labs and Gucci have just revealed their new metaverse collaboration. Designed by Yuga Labs for Gucci.The Blockchain Revolution in NFT

Gucci and Yuga Labs, creators of Bored Ape, have announced plans to work together in the Metaverse.

With the help of Bored Ape Yacht Club’s developer, Yuga Labs, Gucci is deepening its dive into Web3 and the metaverse. with a screenshot (above) from the video for Otherside, Yuga’s upcoming Bored Ape-themed metaverse game, Gucci today hinted on Twitter of a partnership with the image. On Twitter, Gucci announced, “Continuing to explore the Metaverse, the House joins forces with Yuga Labs.” Warning: a new narrator is about to enter the story.

Due of the high demand and value of NFT collections like Bored Ape Yacht Club, a $1 billion business has developed to provide loans secured by NFTs.

Yuga Labs has defended its IP in court, and it also allows NFT owners to make and sell derivative projects and goods.

A federal magistrate ruled in favor of Yuga Labs last week in a case brought by the firm against the artist Ryder Ripps and his ally Jeremy Cahen, an outcome that Yuga Labs is calling a “landmark legal victory for Web3.” After mocking Yuga’s effort and the Bored Ape Yacht Club, the two friends established their own collection called RR/BAYC.

Based on DappRadar, “investors and enthusiasts should take note of Yuga Labs’ approach,” which involves looking for projects that have a history of delivering on their promises and a doxed staff to ensure responsibility.

Two anonymous Bored Ape Yacht Club creators were outed by a BuzzFeed investigation early last year. Wylie Aronow and Greg Solano were interviewed by Decrypt’s gm podcast in October of last year to talk about how they’ve been steadily increasing their profile.

As Aronow stated, “I kind of view us as a garage band that made it. We’re still just trying to keep that authenticity, and frankly, I’m a little precious about it. We don’t do a lot of PR, we don’t do a ton of interviews, we’re pretty selective about that—just because, to me, that’s just a little bit too rock star.”

Content Source:

About MahKa

MahKa loves exploring the decentralized world. She writes about NFTs, the metaverse, Web3 and similar topics.

Latest NFT News, Trendings and Tutorials, right in your inbox, every Monday

IMPORTANT DISCLAIMER: All content provided here in our website, hyperlinked sites, social media accounts and other platforms are for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *