Bored Ape creators and other NFT projects investigated by SEC probe
A source familiar with the matter said the SEC is looking into whether certain NFTs from Yuga Labs could be “more akin to stocks.” Sources say that the U.S. Securities and Exchange Commission (SEC) probe into Yuga Labs is actually part of a wider investigation into the nonfungible token (NFT) market, which already came to light in March.On Oct. 11, a report from Bloomberg citing a source “familiar with the matter” said the SEC is investigating Yuga Labs over whether certain NFTs are “more akin to stocks” and whether the sales of certain digital assets violate federal laws. However,....
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Is the Bored Ape Yacht Club secretly racist? We at Bitcoinist studied both sides of the case back in the day, but the rumor persists. In fact, the Internet seems to be even more obsessed now, and a lot has happened since we first analyzed it. For example, all of the creators were doxxed and […]
It’s been a busy March for Bored Ape Yacht Club creators Yuga Labs. After acquiring CryptoPunks and Meebits projects from Larva Labs in recent days, they are back for more, introducing a new token ‘ApeCoin’ this week. It’s Yuga Labs’ first token for Bored Ape Yacht Club, one of the most dominant names in the […]
In the midst of the hype surrounding the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collectibles, two NFT projects have appeared offering near-identical or mirrored versions of the original BAYC NFTs. The NFT marketplace Opensea has removed the NFT projects from the market for breaking the rules against copyright infringement. 2 Copycat Bored Ape Yacht Club Projects Cause a Stir NFT fans have been discussing two controversial copycat NFT projects called PHAYC and PAYC (Phunky Ape Yacht Club) in recent times. The two projects introduced the copycat versions of Bored Ape Yacht....
Yuga Labs, the creators of the popular Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC) non-fungible token (NFT) collections, has released another video clip showcasing the Otherside metaverse. The second Otherside trailer features characters called “Kodas” and the development team says “the story continues later this Q4.”
Sword-Carrying Koda Meets the Otherside Portal — Yuga Labs Hints at Continuing Metaverse Story in Q4
On September 1, 2022, Yuga Labs leveraging the Twitter account @Othersidemeta,....
In recent months, US Securities and Exchange Commission legal counsels have issued summons to the NFT market creators and other crypto exchanges, seeking additional information about their projects. The SEC, led by crypto doubter, Chairman Gary Gensler, is reportedly moving to investigate whether NFT developers and marketplaces are breaching securities rules, numerous news outlets disclosed […]