Bored Ape


Markets

Yuga Labs Proposes Scrapping ApeCoin DAO, Launching ApeCo

The proposal from CEO Greg Solano would dissolve ApeCoin’s DAO, transfer its multibillion-token treasury to a new Yuga Labs-controlled vehicle and double down on ApeChain, Bored Apes and Otherside.

ApeCoin’s APE tokens slid early Friday ahead of a token unlock over the weekend. (Bored Ape Yacht Club, modified by CoinDesk)

Videos

Are Bitcoin ETFs Driving BTC Demand? Bored Ape NFT Prices Down 90% From Peak

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including a research report from broker Canaccord Genuity that says ETFs are driving additional demand for the underlying cryptocurrencies. Plus, insights on TON Foundation's Open League reward program and the tank in Bored Ape NFT prices.

Recent Videos

Web3

Bored Ape NFT Prices Tank to August 2022 Levels, Down 90% From Peak

Bored Apes were one of the most globally hyped NFTs in the last bull market, but have suffered amid a general lack of demand for NFT collections.

(Dylan Calluy/Unsplash, modified by CoinDesk)

Tech

The Protocol: Kraken Awakens – as Ethereum L2 Candidate

In this week's edition of The Protocol newsletter, we look into how Kraken is reportedly considering launching its own layer-2 blockchain, following Coinbase's recent launch of a similar network, amidst a broader trend of companies creating Ethereum-based transaction solutions.

(Shubham Dhage/Unsplash)

Advertisement

Finance

ApeFest Attendees Report Severe Eye Burn. BAYC Says Less Than 1% Have Symptoms

Several attendees reported have symptoms of photokeratitis, a condition caused by exposure to ultraviolet (UV) lights.

The original Bored Ape Yacht Club NFT collection features right-facing cartoon apes. (Yuga Labs)

Markets

The Simpsons Take a Dig at NFTs, Crypto in 'Treehouse of Horror' Episode

"Remember how we were always saying we wish Bart was less fungible," Homer asks Marge after he puts his son on-chain.

(The Simpsons)

Web3

Is Justin Bieber’s Ape Really Worth $59,000? The Nuances of Valuing NFTs

While the floor price of Bored Ape Yacht Club is down, determining the value of an individual NFT in the collection requires a more nuanced understanding of floor price, rarity traits and cultural significance.

Bored Ape Yacht Club #3001 (OpenSea, modified by CoinDesk)

Web3

Bored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low

The floor price of the Yuga Labs NFT collection fell to 27.4 ETH, or about $53,000, on Sunday evening before rebounding slightly.

(Yuga Labs)

Advertisement

Web3

NFT.NYC Was Calm, but Side Events Stirred Drama

While the annual conference saw fewer attendees in a chilly NFT winter, the real “magic” – and drama – of the Web3 gathering happened outside the main convention.

The view from the Rainbow Room at NFT Now's NFT100 Gala (Cam Thompson/CoinDesk)

Pageof 2