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<ul><li>The creator of the <keyword id="12495713" type="General" weightage="20" keywordseo="bored-ape-yacht-club" source="Orion">Bored Ape Yacht Club</keyword> (<keyword id="13405296" type="General" weightage="100" keywordseo="bayc" source="Orion">BAYC</keyword>) has launched a new token called <keyword id="13405298" type="General" weightage="20" keywordseo="apecoin" source="Orion">ApeCoin</keyword>.</li><li>ApeCoin will be used within the ecosystem for everything from games to commerce.</li><li>Games like Benji Bananas have already planned to use ApeCoin for <keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword> transactions.</li></ul><keyword id="13405297" type="General" weightage="20" keywordseo="yuga-labs" source="Orion">Yuga Labs</keyword>, the brains behind creating the Bored Ape Yacht Club (BAYC) and the <keyword id="12871473" type="General" weightage="20" keywordseo="mutant-ape-yacht-club" source="Orion">Mutant Ape Yacht Club</keyword> (<keyword id="13405299" type="General" weightage="20" keywordseo="mayc" source="Orion">MAYC</keyword>), now has its own in-house token – ApeCoin. It will be the main token within the BAYC ecosystem. The company plans to use it for everything from games to commerce. <div type="twitter" handle="apecoin" handlename="ApeCoin" image="http://pbs.twimg.com/profile_images/1504200520528973825/ukukPZMP_normal.jpg" favoritecount="21009" retweetcount="5617" status="Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community bui… https://t.co/clcAcHed4a" createdat="1647464572000" id="1504201556165644298"></div> Yuga Labs’ partners will also be employing the tokens in their collaborative projects. For instance, Animoca Brands – one of the largest blockchain game developers worldwide – has already announced that it will enable the purchase of non-fungible tokens (NFTs) using ApeCoin within its play-to-earn (P2E) game called Benji Bananas. Animoca also plans to adopt ApeCoin for another ‘secret project’ with BAYC that is currently under wraps. Game developer nWayPlay is also slated to use ApeCoin in a new P2E game that it is working on with BAYC. <cmsannotation type="cmsannotation" annotationid="ApeCoin strengthens Yuga Labs' lead in the NFT ecosystem" comment="subhead" text="ApeCoin strengthens Yuga Labs' lead in the NFT ecosystem">ApeCoin strengthens Yuga Labs' lead in the NFT ecosystem</cmsannotation> Yuga Labs was already among the biggest players in the non-fungible token (NFT) ecosystem with the burgeoning popularity around the BAYC and MAYC. Last week, it bought the rights to CryptoPunks and Meebits from Larva Labs making Yuga Labs the powerhouse behind the three largest NFT collections in the world right now. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NFT collection </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Value </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bored Ape Yacht Club </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$2.7 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">CryptoPunks </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$2.1 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mutant Ape Yacht Club </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1.1 billion </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: Data from CoinMarketCap as of March 17 The launch of ApeCoin on March 17 further solidifies Yuga Lab’s stance in the market. ApeCoin will be owned and operated by the ApeCoin DAO – a decentralised organisation where each token holder gets a vote on any changes down the line. The DAO, in turn, will be supported by the Ape Foundation, which will act as the legal steward of ApeCoin. The token will be listed on Binance and Coinbase once it goes live at 6:30 pm Indian Standard Time (IST). SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/after-leaving-meta-ex-diem-employees-raise-200-million-for-new-blockchain-project-aptos/articleshow/90288757.cms">After leaving Meta, ex-Diem employees raise $200 million for new blockchain project Aptos</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/paytm-may-face-tough-times-ahead-stock-brokers-recommend-to-stay-away-from-the-stock/articleshow/90283463.cms">Paytm may face ‘tough times ahead’, stock brokers recommend to stay away from the stock</a>

The powerhouse behind Bored Ape Yacht Club has launched its own token, ApeCoin

<ul><li>A Twitter user said that digital assets worth $650,000 were stolen from their <keyword id="12497705" type="General" weightage="100" keywordseo="metamask" source="Orion">MetaMask</keyword> wallet through this scam.</li><li>MetaMask has noted that those who use <keyword id="667357" type="General" weightage="80" keywordseo="icloud" source="Orion">iCloud</keyword> backups could be susceptible to this hack.</li><li>MetaMask’s wallet is amongst the most common <keyword id="2721952" type="General" weightage="20" keywordseo="crypto" source="Orion">crypto</keyword> wallet services online. </li></ul>Crypto wallet MetaMask is warning its community of users about possible phishing attacks through <keyword id="6354427" type="General" weightage="50" keywordseo="apple" source="Orion">Apple</keyword>’s iCloud service. In a tweet on April 17, the company warned its users that the encrypted passwords for their accounts, called MetaMask vaults, will be uploaded to Apple’s cloud service if the iCloud backup option is enabled on the app. As a result, a phishing account that compromises a user’s iCloud account will also compromise their passwords and hence their <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-editorial">crypto</a> wallets. “If you have enabled iCloud backup for app data, this will include your password-encrypted MetaMask vault. If your password isn’t strong enough, and someone phishes your iCloud credentials, this can mean stolen funds,” the tweet read, followed by two others that showed users how to disable iCloud backups on their MetaMask wallets. <div type="twitter" handle="MetaMask" handlename="MetaMask 🦊💙" image="http://pbs.twimg.com/profile_images/1514275943300284417/2Ubgzfgg_normal.jpg" favoritecount="10700" retweetcount="5454" status="🔒 If you have enabled iCloud backup for app data, this will include your password-encrypted MetaMask vault. If your… https://t.co/V9KBwlplS2" createdat="1650212509000" id="1515727239391809536"></div> MetaMask’s warning isn’t a random post from a company looking to brand itself as a security-conscious firm. The Twitter thread was posted after a user, who goes by Domenic Iacovone on Twitter, posted that his entire MetaMask wallet had been “totally wiped out”. On April 15, the user tweeted that his MetaMask wallet contained non-fungible tokens (NFTs) MAYC 28478, MAYC 8952, and MAYC 7536 from the Mutant Ape Yacht Club (MAYC) 10K project. It also had 100K in Ape coin and other NFTs, the user <a href="https://twitter.com/revive_dom/status/1514751885126914051?s=20&amp;t=WaWpMcOyU576JJYR3M5nWA">said</a>. “This is how it happened. Got a phone call from Apple, literally from Apple (on my caller Id) Called it back because I suspected fraud and it was an Apple number. So I believed them. They asked for a code that was sent to my phone and 2 seconds later my entire MetaMask was wiped,” the user wrote in his thread. According to “Serpent”, the founder of a project called DAPE <keyword id="4668945" type="General" weightage="50" keywordseo="nft" source="Orion">NFT</keyword>, the contents of the user’s wallet were worth $650,000. He explained the hack in a separate Twitter thread, saying, “MetaMask actually saves your seed phrase file on your iCloud. The scammers requested a password reset for the victim's Apple ID. After receiving the 2FA code, they were able to take control over the Apple ID, and access iCloud which gave them access to the victim's MetaMask.” <div type="twitter" handle="Serpent" handlename="Serpent" image="http://pbs.twimg.com/profile_images/1513545078924451842/yMWcD5ib_normal.jpg" favoritecount="5941" retweetcount="3262" status="🚨 NEW PHISHING SCAM 🚨Already $650,000 stolen from a single individual and it's going to happen to a lot more peop… https://t.co/G9659k3aJt" createdat="1650169252000" id="1515545806857990149"></div><cmsannotation type="cmsannotation" annotationid="Users under threat" comment="subhead" text="Users under threat">Users under threat</cmsannotation> MetaMask’s warning isn’t to be taken lightly either. The company runs one of the largest crypto wallets in the world in terms of the user base. While MetaMask has competitors, like <keyword id="1611044" type="General" weightage="50" keywordseo="ronin" source="Orion">Ronin</keyword>, the company had announced in March that it surpassed the 30 million user mark worldwide. In fact, its chief competitor Ronin was also part of a crypto hack recently. The wallet attached to the popular NFT game Axie Infinity <a href="https://techcrunch.com/2022/04/15/us-officials-link-north-korean-lazarus-hackers-to-625m-axie-infinity-crypto-theft/">suffered</a> a $625 million hack last month. That hack, however, was much more complex than the MetaMask phishing scam explained above. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/how-to-hide-a-contact-on-whatsapp-app/articleshow/90904724.cms">How to hide a contact on WhatsApp</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/extreme-poverty-in-india-declined-12-in-the-last-decade-says-world-bank/articleshow/90905593.cms">Extreme Poverty in India declined 12% in the last decade, says World Bank</a>

New iCloud phishing scam could drain users’ MetaMask crypto wallets

<ul><li>Sales of Bored Ape and <keyword id="12871473" type="General" weightage="20" keywordseo="mutant-ape-yacht-club" source="Orion">Mutant Ape Yacht Club</keyword> jumped by millions in terms of trading volumes of the past one week.</li><li>Even the cheapest <keyword id="12871474" type="General" weightage="20" keywordseo="mutant-ape-nft" source="Orion">Mutant Ape NFT</keyword> is now thrice as expensive as compared to a week ago.</li><li>The surge in volume and floor prices came after rapper Eminem bought a <keyword id="12734812" type="General" weightage="20" keywordseo="bored-ape-nft" source="Orion">Bored Ape NFT</keyword>, leading many others to discover the project.</li></ul>Non-fungible tokens (NFTs) are entering 2022 the way they did in 2021 – on a high. Sales of two of the top <a href="http://coindcx.com">NFT projects</a>, the <keyword id="12495713" type="General" weightage="20" keywordseo="bored-ape-yacht-club" source="Orion">Bored Ape Yacht Club</keyword> (<a href="https://www.businessinsider.in/cryptocurrency/news/bored-ape-yacht-club-nfts-topped-cryptopunks-for-the-first-time-on-a-key-price-metric/articleshow/88459865.cms">BAYC</a>) and the Mutant Ape Yacht Club (MAYC), skyrocketed over the weekend after rapper Eminem revealed that he had bought a BAYC NFT. He picked up Bored Ape #9055 for 123.45 Ether (ETH), which comes up to around $452,000 at the time of settlement. <div type="twitter" handle="Gee__Gazza" handlename="GeeGazza " image="http://pbs.twimg.com/profile_images/1472909364835106825/gNaS3P5f_normal.jpg" favoritecount="8489" retweetcount="1035" status="I’m living in a simulation.Thank you @Eminem for buying my ape and joining the club!Madness. Let me write a lyr… https://t.co/NOCUKOYf3n" createdat="1640980589000" id="1477005759359733771"></div> BAYC and MAYC are currently topping the charts on blockchain research platform DappRadar and many others. According to <a href="https://dappradar.com/nft">DappRadar</a>, seven-day volumes for the two projects stood at $93.2 million and $82.39 million, respectively. While BAYC jumped over 60%, MAYC jumped by a whopping 160.96% over the past seven days. As a result, even the cheapest Mutant Ape NFTs are now thrice the price. And, the floor prices of Bored Ape NFTs have jumped 46%. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 451.276pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NFT collection </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market value </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Increase in floor price over last seven days </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Increase in average price over last seven days </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bored Ape Yacht Club </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$2.82 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">46.29% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mutant Ape Yacht Club </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$92.31 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">149% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">35.9% </td></tr></tbody></table> <cmsannotation type="cmsannotation" annotationid="What are the Bored Ape and Mutant Ape Yacht Clubs?" comment="subhead" text="What are the Bored Ape and Mutant Ape Yacht Clubs?">What are the Bored Ape and Mutant Ape Yacht Clubs?</cmsannotation> The BAYC project consists of 10,000 unique NFTs, which are held in over 6000 wallet addresses right now. According to <a href="https://news.bitcoin.com/bored-ape-mutant-ape-yacht-club-nft-sales-skyrocket-floor-prices-spike-more-than-40/">Bitcoin.com</a>, a single Ethereum address held “roughly 105” BAYC NFTs. MAYC, on the other hand, consists of double the number of NFTs and are said to be ‘mutant versions’ of the Bored Apes on BAYC. At the end of the day though, both are simply avatars that you can use online. MAYC had over 2000 traders over the past seven days. <cmsannotation type="cmsannotation" annotationid="Going beyond simply NFT trades" comment="subhead" text="Going beyond simply NFT trades">Going beyond simply NFT trades</cmsannotation> Aside from their high trading volumes, projects like BAYC, MAYC, Cryptopunks and more have become integral to the growth of NFTs. While these NFTs don’t have a lot in terms of use cases right now, brands have started taking note. BAYC, for instance, has <a href="https://www.inputmag.com/style/adidas-bored-ape-yacht-club-nft-collection-metaverse-nfts-digital-sneakers-shoes-clothes">partnered</a> with footwear giant Adidas for a campaign. Brands like Nike and Adidas are expecting to sell digital shoes and sportswear in future metaverse, and NFTs are the way to do that. The Bored Apes also <a href="https://shop.rollingstone.com/products/rolling-stone-x-bored-ape-yacht-club-special-collectors-edition-zine">made it to the cover</a> of Rolling Stone Magazine. BAYC is so popular that it has even led to spin-offs and fakes. On December 30, NFT marketplace OpenSea <a href="https://www.theverge.com/2021/12/30/22860010/bored-ape-yacht-club-payc-phayc-copycat-nft">banned a project</a> called Phunky Ape Yacht Club (PAYC), which sells NFTs that are identical to the ones in BAYC but mirrored. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/the-top-5-wildest-crypto-moments-of-2021/articleshow/88636569.cms">The top 5 wildest crypto moments of 2021</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/cryptocurrency-new-years-resolutions/slidelist/88643906.cms#slideid=88643950">Cryptocurrency New Year’s resolutions</a>

NFTs Bored Apes and Mutant Apes kick off 2022 on a high with floor prices jumping more than 40%

<ul><li><keyword id="13405296" type="General" weightage="100" keywordseo="bayc" source="Orion">BAYC</keyword>’s Instagram channels had been breached in April this year, with hackers posting fake airdrops. </li><li>The exact amount stolen in the current hack could range between $250,000 to over $370,000. </li><li>The hackers used a phishing attack through BAYC’s Discord servers. </li></ul><keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword> hackers may have taken their most high profile victim of 2022 for the second time this year, over the weekend. On June 4, crypto Twitter member OKHotshot posted that the Discord channels run by Yuga Labs had been hacked, leading investors to lose 145 <keyword id="695282" type="General" weightage="20" keywordseo="eth" source="Orion">ETH</keyword>, worth over $270,000 at the time of writing. <div type="twitter" handle="NFTherder" handlename="OKHotshot" image="http://pbs.twimg.com/profile_images/1528758097526898695/KzOEIyIE_normal.jpg" favoritecount="1498" retweetcount="556" status="🚨BAYC &amp; OtherSide discords got compromised‼️Seems because Community Manager @BorisVagner got his account breached… https://t.co/EWQNGowLTy" createdat="1654339575000" id="1533037408144572417"></div> Yuga Labs is the creator of two of the most popular NFT projects in the world — the <keyword id="12352437" type="General" weightage="20" keywordseo="bored-ape" source="Orion">Bored Ape</keyword> Yacht Club (BAYC) and Otherside. BAYC alone posted lifetime trading volumes of over $2 billion, according to blockchain tracking platform DappRadar. It ranks number six on the tracker’s lists with over 13000 traders. The scam, according to OKHotshot’s investigation was a phishing attack, which many users on the company’s servers fell for. The hackers posted messages promising limited-quantity giveaways for existing NFT holders, leading many to transfer their NFTs to the malicious wallets. OkHotshot also revealed some of these wallets. According to blockchain security firm PeckShield, 32 NFTs were stolen, including some from the Mutan Ape Yacht Club (MAYC), a spin-off of BAYC. The security firm pegged the total losses at over 200 ETH, worth over $370,000 at the time of writing. <div type="twitter" handle="PeckShieldAlert" handlename="PeckShieldAlert" image="http://pbs.twimg.com/profile_images/1128620708135718912/t1Igt1Ns_normal.png" favoritecount="54" retweetcount="12" status="@BoredApeYC #PeckShieldAlert ~32 NFTs were stolen, including 1 #BAYC, 2 #MAYC, 5 #Otherdeed, 1 #BAKC https://t.co/mPdRSnL0qJ" createdat="1654341593000" id="1533045871830773762"></div> Yuga Labs hasn’t confirmed the hack yet. <cmsannotation type="cmsannotation" annotationid="Second attack this year" comment="subhead" text="Second attack this year">Second attack this year</cmsannotation> This is not the first time that BAYC has been hacked though. In April this year, hackers had breached the project’s Instagram account to post fake airdrops, which led to around 100 NFTs being stolen, according to reports at the time. “There is no mint going on today. It looks like BAYC Instagram was hacked. Do not mint anything, click links, or link your wallet to anything,” BAYC later said in a <a href="https://twitter.com/BoredApeYC/status/1518590210686308354?s=20&amp;t=vuH1kUSRf8KAosynTjk8yw">tweet</a> on April 25. BAYC, of course, is not the first project to fall victim to such an attack. On May 25, a user lost 29 NFTs from the Moonbirds collection, which were worth $1.5 million at the time. Another $1.7 million <a href="https://www.theverge.com/2022/2/20/22943228/opensea-phishing-hack-smart-contract-bug-stolen-nft">was stolen</a> from users of OpenSea, one of the largest NFT marketplaces in the world, in February this year. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/dmart-owner-radhakrishna-damani-loses-5-bn-as-even-essentials-become-too-expensive-for-indians/articleshow/92031475.cms">DMart owner Radhakrishna Damani loses $5 bn as even essentials become too expensive for Indians</a> <a href="https://www.businessinsider.in/business/corporates/news/indian-corporates-made-a-full-comeback-with-111-billion-profits-but-the-same-cant-be-said-for-2023/articleshow/92033485.cms">Indian corporates made a full comeback with $111 billion profits, but the same can’t be said for 2023</a> <a href="https://www.businessinsider.in/tech/mobile/news/nothing-phone-1-display-specifications-leaked-ahead-of-launch-heres-everything-we-know-so-far/articleshow/92029049.cms">Nothing phone (1) to launch this week – everything we know so far about the device</a>

BAYC NFT project suffers second hack of the year, this time worth $270,000

<ul><li><keyword id="1972612" type="General" weightage="80" keywordseo="coinbase" source="Orion">Coinbase</keyword> is working on a movie trilogy based on the Bored Aped Yacht Club (<keyword id="13405296" type="General" weightage="80" keywordseo="bayc" source="Orion">BAYC</keyword>).</li><li>The crypto exchange has opened up auditions for BAYC members to showcase their apes.</li><li>The first episode is slated to premier at the <keyword id="13601732" type="General" weightage="20" keywordseo="nft-nyc-conference" source="Orion">NFT.NYC Conference</keyword> in June 2022.</li></ul>The Bored Apes Yacht Club (BAYC) <keyword id="4668945" type="General" weightage="100" keywordseo="nft" source="Orion">NFT</keyword> collection has inked plans with Coinbase to launch a three-part movie series, tentatively titled ‘<a href="https://degentrilogy.com/">The Dengen Trilogy</a>’. The crypto exchange has already kicked things off by sending out a casting call, asking BAYC holders to submit their apes to be the stars of the film. <div type="twitter" handle="coinbase" handlename="Coinbase" image="http://pbs.twimg.com/profile_images/1484586799921909764/A9yYenz3_normal.png" favoritecount="4424" retweetcount="991" status="⭐️DEFINITELY SOMETHING⭐️We&amp;#39;re creating an interactive three-part film featuring the @BoredApeYC &amp;amp; @apecoin commun… https://t.co/QpoweZ39dF" createdat="1649702915000" id="1513589848048689152"></div> The movie is slated to take place in a ‘chaotic’ Midtown Manhattan, set at a time when digital goods and services are the primary measure of value in the market – simply put, crypto assets and non-fungible tokens (NFTs) have replaced fiat currency. The tussle between the old system and the new, results in the birth of new realms – the Dengens – “A new class of social adept, versed in the constantly re-invented tools of an ever accelerating economy,” according to the prologue. <cmsannotation type="cmsannotation" annotationid="Ape talent is lining up" comment="subhead" text="Ape talent is lining up">Ape talent is lining up</cmsannotation> The owners of the casted apes will be awarded a licensing fee of $10,000 in either Apecoin or Bitcoin, according to the <a href="https://degentrilogy.com/">official website</a>. The licence will be a transaction, which gets recorded on-chain. This means that even if the ape is sold in the secondary market, the licence will be attached along with it. Critics are <a href="https://twitter.com/dippudo/status/1513719155585089539">concerned</a> that the $10,000 fee will mean the surrender of all IP rights with respect to the chosen apes – a one time lump sum fee, with no profit sharing or any say on how the ape will be used in the movies. <div type="twitter" handle="dippudo" handlename="Dippudo ◕ ◕" image="http://pbs.twimg.com/profile_images/1511639385703600130/di1KBN70_normal.jpg" favoritecount="2" retweetcount="0" status="@coinbase @BoredApeYC @apecoin @CoinbaseWallet @Coinbase_NFT APE HOLDERS PLEASE CHOOSE WISELYhttps://t.co/RymJE1GyKt" createdat="1649720051000" id="1513661719326822403"></div> Despite the potential ramifications, some ape owners are still <a href="https://twitter.com/ondaride/status/1513609444466184196">lining up for the auditions</a> for a shot at the crown. Right now, the auditions are only open to BAYC apes. Members of the <keyword id="12871473" type="General" weightage="50" keywordseo="mutant-ape-yacht-club" source="Orion">Mutant Ape Yacht Club</keyword> (MAYC) will be able to showcase their talent for the second part of the series. However, submission will not be open to the Bored Ape Kennel Club (BAKC). Submissions for the first edition are open till April 13, 11:30 pm Indian Standard Time (IST). Coinbase plans to release the first episode of the series at the NFT.NYC Conference scheduled to take place between June 20-23. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/peyush-bansals-lenskart-may-now-be-valued-at-over-4-billion/articleshow/90794848.cms">Peyush Bansal’s Lenskart may now be valued at over $4 billion</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/meta-is-testing-tools-for-selling-digital-assets-and-experiences-on-its-virtual-reality-platform-horizon-worlds/articleshow/90793146.cms">Meta to test money-making tools for its virtual reality platform Horizon Worlds</a>

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The powerhouse behind Bored Ape Yacht Club has launched its own token, ApeCoin

BI India Bureau

New iCloud phishing scam could drain users’ MetaMask crypto wallets

BI India Bureau

NFTs Bored Apes and Mutant Apes kick off 2022 on a high with floor prices jumping more than 40%

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BAYC NFT project suffers second hack of the year, this time worth $270,000

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The Bored Apes NFT collection is getting into the movie business

BI India Bureau

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