Despite facing market challenges, the creator of the Bored Ape Yacht Club intends to continue concentrating on its Otherside metaverse project. According to a recent post on X (formerly Twitter) by Greg Solano, co-founder of Yuga Labs, the group behind
Yuga Labs, the brainchild behind the Bored Ape Yacht Club NFT craze, recently allowed the public the first glimpse into its widely anticipated Otherside Metaverse. In a limited trial run, selected NFT holders were allowed in these virtual environments, resulting
London-based metaverse infrastructure startup Improbable is developing a technology that could host up to 40,000 people occupying a single virtual world at the same time. The tech works best for immersive metaverse experiences that attract large crowds, like sports matches,
Yuga Labs announced on Feb. 16 that it had acquired PROOF, which includes the PROOF collective, Moonbirds, Oddities, and the Grails exhibition series. Yuga Labs, the leading web3 lifestyle and media company, has purchased PROOF, which includes the PROOF Collective,
OpenSea volume during the second month of Q3 was the lowest it has recorded in the past two years, and the new low has reduced its standing in the ranks of the largest NFT marketplaces in the sector. OpenSea, a
The U.S. Securities and Exchange Commission (SEC) on Monday charged Los Angeles-based entertainment company Impact Theory with conducting an “unregistered offering of crypto asset securities” through non-fungible tokens, or NFTs. The enforcement action, considered the first by the capital markets
Major brands including American Eagle and Gucci are considering how a Chief Metaverse Officer can strengthen their company as the sector matures beyond FOMO and into creating real value. Some companies are re-examining how they define the role while others
The average cost of sending a transaction over the Bitcoin (BTC) blockchain soared 960% to $31.14 since the start of this month, according to BitInfoCharts data, driven up by bitcoin NFTs made with the Ordinals protocol. Created by software developer
This past weekend Yuga Labs, the owner of popular NFT collection Bored Ape Yacht Club, hosted the ‘Second Trip’ to its Otherside metaverse, with thousands of users taking part. The maiden journey to the Otherside metaverse took place last July
When software engineer Casey Rodarmor launched the Ordinals protocol three months ago, the NFTs market had lost steam from its 2021 peak. Now, the protocol has triggered a lot of interest, with crypto enthusiasts embedding a total of 385,000 “inscriptions”
Otherdeed non-fungible tokens (NFTs) from the Otherdeed Metaverse saw their monthly sales surpass $50 million for the first time since May 2022 and eventually settled at approximately $53 million. By testing such a metric, Otherdeed NFTs reached its second-highest monthly sale since
Sewer Pass, a new non-fungible token (NFT) project launched by Yuga Labs, the development team behind the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Bored Ape Kennel Club (BAKC), Otherside for Otherdeed, and ApeCoin has surpassed $70
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