The fates of many chimpanzees stranded in the shuttered Wildlife Waystation in the Angeles National Forest depend on building permanent new homes. Well, apes in the cryptocurrency world are suffering ...
Tag: Yuga
The Failure Of Yuga Labs NFT Selling To Put Their Community Foremost
Given the significance of the transaction, it’s important delving deeper into what happened to better appreciate what this implies for the NFT market in the future, not just for the Web 3.0 community....
ApeCoin is down 70%+ since the Otherside launch — Can Yuga Labs turn the ship around?
ApeCoin (APE), the new cryptocurrency that was recently launched by Yuga Labs, aims to be the bedrock of the Otherside metaverse and recently, the token has experienced massive volatility leading into...
How Yuga Labs Could Have Avoided Otherdeed Ethereum NFT Mint Chaos: Infura Co-Founder
Last week, Yuga Labs’ massive Otherdeed NFT mint, for virtual land deeds in the Bored Ape Yacht Club metaverse realm Otherside, clogged the Ethereum mainnet with transaction demand. This triggered a g...
Making sense of Yuga Lab’s ‘virtual’ land bonanza
Last week, 55,000 parcels of “virtual land” were sold on the Ethereum blockchain for more than $300 million, the largest nonfungible token (NFT) mint ever. It wasn’t without controversy. In return fo...
Yuga Labs’ NFTs Trading Volumes Slump Amid Crypto Selloffs
The Otherdeed NFTs drop caught massive attention from the industry last week as high demand triggered unprecedented Ethereum fees. Otherdeeds are the NFT collection for claiming virtual land in Others...
By The Numbers: Yuga Labs Breaks Ethereum, Gas Fees Set New ATH
The Yuga Labs “Otherdeeds” mint on the Ethereum blockchain has set a new record for any NFT launch. Not only did it set the record in terms of revenue but it had also broken records previously set in ...
BAYC’s Yuga Labs Reveals Plan To Move ApeCoin To A Custom Chain To Improve Scalability ⋆ ZyCrypto
Advertisement     Yuga Labs and their partners made history on Sunday by selling out what is seen as the largest NFT launch. However, considering the challenges faced ...
Yuga Labs Land NFTs Sales Broke $300 Million, despite huge surge in gas fees, is competition on the horizon from Drunken Monkey Members Club
Yuga Labs, the brains behind popular Bored Ape Yacht Club, sold out its Otherside Metaverse project consisting of 55k Otherdeed virtual land NFTs for $317 million within three hours. Since its incept...
Yuga Labs Made Millions on Otherside. So Did Scammers
Key Takeaways Scammers have stolen at least $3.7 million worth of NFTs through phishing attacks posing as Yuga Labs’ Otherside NFT launch. The phishing attacks involved at least five fake websit...
Yuga Labs’ Otherdeeds NFT mint triggers backlash from community
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 o...
Yuga Lab’s Land mint led to Ethereum miners making $87.66m
Ethereum miners made $87.664 million in a solitary hour during the Otherside Metaverse NFT mint During a similar time frame, Ethereum clients paid an expense of $4,830 per exchange Practically 64k Eth...
Why Does Yuga Labs Want To Launch Its Own ‘Ethereum Killer’?
The recent Yuga Labs NFT launch on the Ethereum blockchain has crippled the network after demand surpassed all expectations. In total, more than $500 million had been raised in a matter of 24 hours. H...
Yuga Labs NFT Mint Leads to New Ethereum Burning Rate All-time High
42 mins ago | 2 mins read Editors News Some users paid 2.6 ETH to 5 ETH merely to complete their transactions. ETH is burnt for each transaction on the network. The auction of tokenized land plots in ...
Yuga Labs Otherside project triggers a spike in ETH burning
The Ether burning rates have now reached a new all-time high level. This comes amid the launch of Yuga Labs metaverse project known as “Otherside”. Yuga Labs is the team behind the Bored Ape Yacht Clu...
BAYC Team Yuga Labs Raises $285M from ‘Otherside’, Spikes Ethereum Gas Fees
Yuga Labs’ Otherside NFT initiative sold out almost instantly, clogging the Ethereum network and resulting in several failed transactions. Yuga Labs recently debuted the sale of its Otherside digital ...
With The Wake Of Yuga Lab’s NFT Hype, Ethereum Burning Portal See Single Day Record High!
Ethereum’s burning protocol has hit a new all-time high (ATH) after the huge sale of tokenized land plots in Yuga Lab’s Otherside Metaverse project. According to WatchTheBurn, today’s Ethereum burn ra...
Yuga Labs Botches NFT Drop With Bad Code, Blames Ethereum
Key Takeaways Yuga Labs’ Otherdeeds NFT drop has cost minters $165 million in fees. Gas wars and unoptimized smart contract code resulted in minting costing upwards of $7,000. In response, Yuga ...
Yuga Labs raises $ 320 million- The Cryptonomist
Today’s NFT News can’t fail to include the biggest Non-Fungible Token mint in history: the $320 million sale of Otherside (Otherdeed) virtual land by Yuga Labs. The consequence of this mania is that E...
Otherside land NFTs sell out in hours as Yuga Labs rakes in $317 million
The Otherside metaverse project sold out all the available 55,000 Otherdeed land NFTs within three hours of its public sale starting at 9 p.m. ET on Saturday. According to Otherside’s official T...
Ethereum burning spikes to new high on Yuga Labs’ NFT hype
The burning rate of Ethereum (ETH) has spiked to new all-time high (ATH) levels following the heavily anticipated sale of tokenized land plots in Yuga Labs’ upcoming Metaverse project the “Otherside.”...
Yuga Labs’ Otherdeeds Sold Out as the Startup Cashes in Over $320M
Yuga Labs, the blockchain startup in charge of the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection and ecosystem has made history yet again with the successful sales of Otherdeeds, the...
ETH gas price surges as Yuga Labs cashes in $300M selling Otherside NFTs
While the community was witness to the largest NFT mint yet, Ethereum (ETH) gas prices rose to unprecedented levels, in addition to users experiencing failed transactions due to blockchain bottlenecks...
Yuga Labs’ Otherside NFT Sales Break $310M
Key Takeaways Yuga Labs’ Otherside Metaverse issued its first NFT drop last night to wild success. Charging 305 APE tokens for each of 55,000 Otherdeeds, Yuga Labs brought in more than $310 mill...
Yuga Labs’ Otherside scraps Dutch-style auction for NFT sale
Yuga Labs’ impending sale of NFTs for its Otherside metaverse will no longer use a Dutch-style auction this weekend, according to a blog post. “Dutch auctions are actually bullsh*t, so Oth...
Yuga Labs Could Net $400M From Otherside Virtual Land Sales
Bored Ape creators, Yuga Labs, are set for a big payday from the sale of the lands on its metaverse project. The company is launching the auction of over 55,000 Non-fungible tokens (NFT) deeds of the ...
Yuga Labs Cancels Otherside Auction, ApeCoin Rallies Past $26
Yuga Labs’ Otherside metaverse project has canceled the Dutch auction for Otherdeed NFTs. Now, the NFTs will be sold at a fixed price of 305 ApeCoins (APE) with a total of 55,000 Otherdeed NFTs availa...