Huang Licheng: APE Staking Can Be Ended, Provided That the Venture Capital, Yuga and Founders Match the Removed Amount
Huang Licheng wrote on X platform: "We can end the APE pledge, provided that the venture capital, Yuga, and the founder match the amount that has been removed. I don't think this is impossible. No one wants to see us go to zero." Previously, on October 12th, Huang Licheng said: "We need transparency to understand which APE wallets belong to Yuga, the founder, venture capital funds, and contributors to token issuance."
Yuga Labs: BAYC Has Paid Part of the APE and Will Therefore Receive an Additional 150,000 APE Rewards
According to Spencer Tucker, the Chief Gaming Officer of Yuga Labs, "Bored Ape Yacht Club" (BAYC) has paid Yuga Labs Gaming a portion of APE (specific amount not disclosed) and will launch a new account. After receiving the APE funds, Yuga Labs will provide an additional reward of 150,000 APE to the top 10 finishers on the Rift Boss leaderboard. In addition, Spencer Tucker stated that they will further optimize game development based on community feedback and opinions.
Coinbase Urges SEC to Address Rulemaking Request for Digital Assets in Mandamus Petition
Coinbase has filed a mandamus petition with the US Court of Appeals for the Third Circuit in response to the Securities and Exchange Commission's (SEC) lack of response to its request for rulemaking. The petition seeks clarification on how federal securities laws apply to digital assets such as cryptocurrencies and non-fungible tokens (NFTs).
NFTfi Completes Protocol Upgrade and Can Support 5-Year NFT Loans and ERC-1155 Assets
NFT lending platform NFTfi has announced an agreement upgrade on X platform, which now supports NFT loans for up to 5 years (previously the limit was 1 year). Some users have already obtained a 2-year loan through Chromie Squiggle, with an annual interest rate of 10% and an LTV of 74%.
This upgrade also supports ERC-1155 assets, including various real-world assets (RWA) such as unlocked art, collectibles, real estate, and intellectual property as NFT collateral.
Yuga Labs to Host First-Ever Yacht Club Open House in Hong Kong
Yuga Labs, the parent company of popular NFT collections such as Bored Ape Yacht Club and CryptoPunks, has announced its first-ever Yacht Club Open House event in Kai Tak, Hong Kong on November 5, 2023. Unlike previous BAYC events, this occasion will be ticketed and open to non-members. The Open House will take place after Yuga Labs' members-only ApeFest 2023 and will provide insights into the future of Web3, including gaming, music, and storytelling. Tickets are available on a first-come, first-served basis through Tokenproof.
British MPs Express Concern Over Sports Clubs' Issuance of Cryptocurrency Fan Tokens and NFTs
British MPs have raised concerns about sports clubs issuing cryptocurrency fan tokens, including NFTs, as they could damage the reputation of sports institutions and the UK economy. The Culture, Media, and Sport committee (CMS) has published a report acknowledging the growing popularity of NFTs within professional sports, but also highlighting the risks to vulnerable spectators and the potential reputational damage to clubs.
NFT Paris Launches $NFTPARIS Token to Enhance Loyalty and Utility for Conference Attendees
NFT Paris, a prominent European web3 conference, has unveiled its exclusive token, $NFTPARIS, ahead of its third edition in February 2024. Unlike other tokens, $NFTPARIS will not be available for purchase and will be airdropped to the NFT Paris community. The token aims to incentivize the right crowd to attend the conference and reward loyalty, with early-bird ticket buyers receiving diminishing tokens as the conference date approaches.
NFT game StrayShot signs cooperation agreement with NBA players LaMelo and Lonzo Ball
iBloxx Studios, the developer of the NFT game "StrayShot", announced that StrayShot has signed a cooperation agreement with NBA players LaMelo and Lonzo Ball and their lifestyle brand Big Baller Brand (BBB), and they will be included as playable NFT characters. More details about the characters will be announced after the free game is fully launched. It is reported that this PC game (previously known as 0xBattleGround) is currently in the public testing phase. iBloxx CEO Domenik Maier said that StrayShot could be fully released as early as December this year, but it is more likely to be launched in February 2024.
The Founder of Yuga Lab Allocated 4 Million APE
According to Token Unlocks monitoring, Yuga Lab founder distributed 4 million APE tokens worth $4.14 million 8 hours ago. The funds have been transferred to a multi-signature wallet.
Ferrari Lead Designer Creates Emotional NFT Tribute to Late Loved One
Alessandro Fiori, the Lead Designer at Ferrari, will release an NFT called "After All This Time" on Oct. 11. The piece pays tribute to a special woman in his life who passed away in 2018 and will be released exclusively on Exchange.art, a fine art platform that now supports Ethereum transactions. Alessandro, who releases his digital art under the name "Mr. Uramaki," believes that Web3 offers the perfect platform to bring this touching tribute to life. As a team leader at Ferrari, he oversees the complete car design process, from the initial research stage through industrialization, all the way to the official vehicle presentation.
