bored ape yacht club Balanced News

Someone stole Cameo CEO's Bored Ape NFT and Sold it for $130k - CNET

finance

Owning a Bored Ape Yacht Club NFT puts a target on your back for scammers and hackers, especially if you're high profile. Steven Galanis, the co-founder and CEO of the Cameo app, was victim to a crypto hack on Saturday, according to Gelanis, resulting in the loss of several NFTs, including a Bored Ape, and over $70,000-worth of cryptocurrency.
CNET     Aug 08, 2022

Scaling Ethereum: The Role Of Rollups

politics

Scaling Ethereum: The Role Of Rollups Authored by Conor Ryder via Kaiko.com, The growth of Decentralized Finance and more recently NFTs exposed Ethereum’s lack of scaling solutions for all to see. During the Bored Ape Yacht Club land sale only a few months ago, buyers paid over $10,000 in transaction fees per NFT, which surpassed the $6,000 or so price tag of the NFT itself. These transaction costs rear their ugly head every time the Ethereum network becomes congested - think times of extreme volatility like the Terra collapse or the Celsius crisis recently. Whatever your thoughts on Ether as an investment, the fact that the cost of using the network can exceed the price of the ...
ZeroHedge Opinion     Aug 05, 2022

Andreessen Horowitz’s Dixon Replaces Katie Haun on OpenSea Board

Technology Industry

In an unexpected move, Andreessen Horowitz General Partner Chris Dixon has joined the board of directors of OpenSea, one of the most highly valued blockchain startups, replacing former Andreessen Horowitz general partner Katie Haun, according to a person with direct knowledge of the matter. Haun, who launched her own crypto-focused investment firm late last year and took capital from Andreessen Horowitz, publicly said at the time of her move that she would retain her board seat at OpenSea—even though it is supposed to belong to her former firm. It isn’t clear what precipitated the board switch between two of the world’s best-known cryptocurrency-related investors.
The Information     Jul 30, 2022

Great, there’s a buy now, pay later service for NFTs

tech

For those who desperately yearn to own a certificate of authenticity for a URL pointing to an ugly ape illustration or another popular non-fungible token, there’s a buy now, pay later (BNPL) service they can use to finance their purchases. The offering from Teller works with some of the more notable NFT collections, such as Bored Ape Yacht Club, Mutant Ape Yacht Club and Adidas Originals: Into the Metaverse. It runs on the Polygon blockchain and has a fittingly terrible name: Ape Now, Pay Later.“Buying NFTs is one of the core things Web3 consumers want to do right now,” Teller founder and CEO Ryan Berkun told Decrypt.
Engadget     Jul 08, 2022

Over 200 Bored Ape Yacht Club owners signed up to squeeze some cash out of their NFTs by licensing them to brands

The Boredjobs marketplace wants to link Bored Ape NFT owners to licenses from companies. “We realized NFT holders wanted to put their apes to work, brands wanted to hire apes, but nothing was standardized and neither side knew how to reach each other,” the website reads.
Fortune     Jul 01, 2022

LCD Soundsystem performed a surprise set at a Bored Ape Yacht Club Party

entertainment

The Bored Ape Yacht Club is an NFT collective popular with celebrities like Post Malone and Steph Curry who pay in the millions for the rights to some of the ugliest cartoons you've ever seen. They are also regularly stolen. Yesterday, the Club kicked off ApeFest, a three-day festival exclusive for Ape NFT holders and their friends at New York City's Pier 17 celebrating music and "culture" (I don't know how to make those air quotes bigger). Monday's festivities saw a surprise set by LCD Soundsystem.
The Fader     Jun 21, 2022