Yuga Labs’ Otherdeeds NFT mint triggers backlash from community
Yuga Labs faces accusations of fraud, manipulation and preferential treatment from unhappy community members over Otherdeeds NFT mint. The aftermath of the Otherdeeds nonfungible token (NFT) mint is filled with disgruntled community members voicing their complaints on Twitter over Yuga Labs' handling of the event. The launch of Otherdeeds NFTs gained massive support from the community, selling out almost immediately after it dropped. Because of the high demand, the launch drove up Ethereum gas fees sharply so that users pai from 2.6 Ether (ETH) up to 5 ETH to complete their transactions.....
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ApeCoin DAO board member Yat Siu said that there is currently "no discussion" regarding an exclusive chain for APE. ApeCoin (APE) announced its integration with Ethereum (ETH) sidechain Polygon after the recent Yuga Labs’ Otherdeeds nonfungible token (NFT) minting incident that led to speculation on a new chain for APE.One of the world's largest Web3 ecosystems, @0xPolygon now supports ApeCoin making it available for 19,000+ dApps and games across the board! https://t.co/vUoGTAfqkl— ApeCoin (@apecoin) May 2, 2022 On Sunday, Yuga Labs, the creators of the Bored Ape Yacht Club NFT....
It has now been a couple of months since Yuga Labs’ had essentially “broken” Etherscan due to the high demand generated by its Otherside mint. As such, there have been discussions on how such an entity could mitigate the type of problems that arose during its legendary mint. For the answer to this, there have […]
VanEck Community NFT co-founder Matt Bartlett said that the tokens could serve as a type of digital membership card. VanEck, an investment firm with over $82 billion in assets under management, revealed its entrance into the Metaverse by releasing a collection of 1,000 nonfungible tokens (NFTs) on Monday.The VanEck Community NFT, which is based on the Ethereum network, features an illustration of Alexander Hamilton called “Hammy” as he journeys through time and space in his quest to understand past, present and future financial policies. The New York-based investment management firm....
Following a six-day snapshot voting period, the final results narrowly reveal that 53.59% of ApeCoin participants advocate to remain on Ethereum for the mid-term future, with 7.1 million APE tokens cast in total. ApeCoin DAO, a governance system serving the democratic rights of ApeCoin holders — a digital asset tied to the Bored Ape Yacht Club ecosystem — published an official proposal on May 2 to debate whether the asset should remain on Ethereum, transition to a layer-2 alternative, or perhaps explore the possibility of chain migration. The ApeCoin improvement proposal (AIP) titled....
The NFT chaos continues. From more mainstream outlets citing an impending doomsday, to Yuga Labs discourse flying high, and more exchange marketplaces emerging – it’s a high-flying debacle to start this week. The Nightly Mint Latest Mint: Kraken NFT Marketplace Move aside, Coinbase NFT? Traditional cryptocurrency exchanges are continuing to show interest and investment around building their own NFT marketplaces, chomping at the bit to chip into OpenSea’s market dominance. The latest to do so today was Kraken, who opened up their waitlist for beta usage. The exchange has....