Aku Dreams NFT launch for Akutars has coding snafu in its Dutch auction, reportedly locking $34M in funds
Micah Johnson, the creator behind the young black astronaut Aku NFTs, had an unfortunate setback yesterday that no NFT creator ever wants to face. During the launch of the Akutars on Friday, someone discovered a “gas griefing vulnerability” in the smart contract. This vulnerability allowed a third party to lock up the ETH funds that…
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MoonBirds owners get “full commercial art rights for the Moonbird they own,” apparently similar to Bored Ape License
Last fall, we reported the then-unusual approach of the Bored Ape Yacht Club IP license. It gave all owners unlimited commercialization rights to their Bored Apes, including the ability to make derivative works. We explained how the Bored Ape IP License was a decentralized collaboration license or De-Collab license because it enabled owners to engage…
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Coinbase NFT opens to limited users, to mixed reviews due to spammy, nasty comments
Coinbase NFT opened in beta to a select number of users. However, the launch was immediately saddled with poor reviews among users who apparently received negative or even nasty comments about their listings. Coinbase VP Sanchan Saxena told CoinTelegraph that Coinbase won’t be moderating comments: “In regard to moderating comments, Saxena said the platform would operate…
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MoonBirds sets record for NFTs, going from 2.5ETH to 20ETH floor on 2d day of sales
Just when you thought all’s quiet on the NFT front, a new collection called MoonBirds decided to prove you wrong. In a 2 day period, MoonBirds set records. It had 66.1K volume in trades, reportedly more than Bitcoin, Ethereum, and Solana combined during the same period. MoonBirds went from 2.5ETH to over an unbelievable 20ETH,…
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Caked Apes NFTs turn sour. Nasty lawsuits embroil creators of Caked Apes who sue each other over ownership. Taylor Whitley (taylorwtf) sues Jake Nygard (Cake Nygard), Clare Maguire, Antonius Wiriadjaja, Donglee Han, who countersue TaylorWTF.
You hate to see it. The people behind the fun Caked Apes NFTs have sued each other! You heard that right. They are embroiled in lawsuits over the creation and authorship/ownership of Caked Apes, which are funny derivatives of the popular Bored Ape Yacht Club, plus a few other NFT collections. Taylor Whitley (taylorwtf) sued…
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US charges ETHAN NGUYEN, a/k/a “Frostie,” “Jakefiftyeight,” “Jobo,” “Joboethan,” a/k/a “Meltfrost,” and ANDRE LLACUNA, a/k/a “heyandre,” for alleged conspiracy to commit wire fraud, money laundering in “rug pull” with Frosties NFT
The Department of Justice announced a criminal indictment of Ethan Nguyen and Andre Llacuna for a “rug pull” for NFTs called “Frosties.” The press release states: Damian Williams, the United States Attorney for the Southern District of New York, Thomas Fattorusso, Special Agent in Charge of the New York Field Office of the Internal Revenue…
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Yuga Labs launches matrix-like new website after $450M funding
To kick off its $450M in seed funding, Yuga Labs launched a matrix-like website that ripples when you move the cursor over it. Check it out.
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Yuga Labs, creator of Bored Apes, announces $450 million seed round investors, including Adidas, Samsung, Google, A16z, FTX, Sandbox, Time, Colin Kaepernick, Dez Bryant, Shaq, & Snoop Dog
Yuga Labs announced the seed investors who invested $450 million in the less-than-year-old company, valued at $4 billion. Nicole Muniz, CEO of Yuga Labs, said: “Already, a new economy is possible with the IP of Apes, Punks, and Meebits, owned by the community. The possibilities for blockchain’s impact on culture are endless, and so we…
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Backlash against Bored Apes’ success
Yuga Labs and its Bored Ape Yacht Club have been on a tremendous roll with the acquisition of the legendary CryptoPunks from Larva Labs, air dropping of millions of dollars’ worth of its new ApeCoin to Bored Ape owners, making some even multi-millionaires, and broadcasting a teaser video for the Otherside, which is launching in…
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