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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.

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

While crypto slumps, the NFT market is going from strength to strength. Are we seeing the crypto-NFT decoupling?

In case you hadn’t noticed, crypto ain’t been doing so crash hot of late. Prices are down, volumes are down, scams are up and the prevailing atmosphere is

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.

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 […]

​​Here is a wrap-up of the top NFT news from this week: OpenSea earlier made an announcement limiting the number of NFT minting using the platform’s storefront contract to five collections, each containing up to 50 items. Within a few hours, the NFT marketplace was forced to go back on the decision, owing to the […]

The post Most Expensive NFTs This Week: January 22 – 28 appeared first on CryptoCoin.News.

An exclusive DappRadar report explores the separation between NFT valuations and the crypto market during the selloff.

Blockchains used to be known for cryptocurrencies only and maybe dApps. However, this was…

The post Top 5 NFT collections to buy in 2022 appeared first on Coin Journal.

Crypto unicorn MoonPay has announced a new checkout tool that will give people a way to buy NFTs without using cryptocurrency.

The post MoonPay rolls out credit card checkout tool for NFT purchases appeared first on The Block.

Despite being the new kid on the crypto block, non-fungible tokens (NFTs) are stamping their authority as trendy digital assets based on increased adoption. (Read More)