Web3 advocates are blasting BuzzFeed for exposing the identity of the BAYC founders. Do they have a point?

“Reforming the face of finance” is crypto’s primary sales pitch, but the sector needs to offer a few basic components before being welcomed into the arms of the traditional finance sector.

The creator behind the Bored Ape Yacht (BAYC) non-fungible collection (BAYC) is reportedly in talks with venture capital firm Andreessen Horowitz (a16z) for a funding round that would value it at up to $5 billion, the Financial Times reported. According to people familiar with the matter, the terms are subjected to changes, and the talks may not necessarily lead to a deal. However, the sources also said that creators of the NFT project could potentially issue crypto tokens to the existing holders of BAYC. Should the deal go through, it would mark the first institutional investment into Yuga Labs, led by anonymous founders Gordon Goner, Emperor Tomato Ketchup, No Sass, and Gargamel, who set up the Bored Ape Yacht Club NFT project a little over a year ago. Andreessen Horowitz is a US-based venture capital firm and was an early investor in several top performing tech companies such as Facebook, Twitter, and Airbnb. However, recently the firm has turned towards crypto investments, revealing a $4.5 billion crypto fund. The venture capital firm also has majority stakes in crypto exchange Coinbase and NFT marketplace OpenSea. Bored Ape Floor Price Goes Over 100 ETH Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs built on the Ethereum blockchain. Launched by a group of anonymous developers, the NFT project went on to become the most expensive collection in terms of floor price as of January 2022. As of February 3, the floor price for a Bored Ape NFT is 99.3 ETH about $274,500. The company has also introduced several spinoff projects, including Mutant Ape Yacht Club and Bored Ape Kennel Club. Holders of BAYC includes Snoop Dogg, Jimmy Fallon, Paris Hilton, Justin Bieber, Gweneth Paltrow, Justin Biebers among others.

The post Bored Ape Yacht Club Creators in Funding Talks With a16z appeared first on Cryptoknowmics-Crypto News and Media Platform.

The creators of Bored Ape Yacht Club NFT are apparently looking for an investment deal with companies like Andreessen Horowitz as we are reading further in our latest crypto news. The creators of Bored Ape NFTs Yuga Labs, are negotiating with Andreessen Horowtiz whcih could be of value for the startup and lead it to […]

Here is a wrap-up of the top NFT news from this week: Manchester United joins forces with Tezos that will see the latter back MU with a yearly sum of 20 million GBP (~27 million USD) as part of a training kit sponsorship. The partnership comes on the heels of many sponsorship investments from Tezos […]

The post Most Expensive NFTs This Week: January 29 – February 04 appeared first on CryptoCoin.News.

NFTs are currently a symbol of status, but what happens when that desire fades?

Yuga Labs, the startup behind the Bored Ape Yacht Club NFT collection, is in financing talks with investment firm Andreessen Horowitz.

Galaxy Fight Club, a cross-IP NFT game built on Polygon, is celebrating after welcoming $7m of investment in its latest ...

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As most of us were enjoying some R&R over Christmas break, Coinbase Cloud protocol specialist Elias Simos was scouring the web for the...

January 31, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ A US law that would enforce KYC rules on unhosted[...]

The post Everyone, Including Bieber, Is Buying NFTs appeared first on Unchained Podcast.

To say the past year has been monumental for the NFT ecosystem would be an understatement. We witnessed the birth of the NFT bull-run with the demand for profile-pic (PFP) collections like the Crypto Punks and Bored Ape Yacht Club (BAYC) hitting record-breaking sales every other week. We also saw widespread adoption with artists, music […]

The post Immutable X: The Future of NFTs and Play-to-earn Gaming? appeared first on Coin Bureau.

The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Justin Bieber Spends $1.29 Million in Ethereum for BAYC #3001 Justin Bieber spent […]