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ICI is the co-development partner of Yuga Labs for Web3 game Legend of the Mara (LOTM), with its beta launch in late September 2023. LOTM is a collection based 2D strategy game that is part of the broader Otherside metaverse game in development at Yuga Labs.

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A U.S. appeals court has affirmed a ruling denying artist Ryder Ripps' bid to dismiss California state-law claims brought by Bored Ape Yacht Club non-fungible token maker Yuga Labs over his alleged counterfeiting of its NFTs.

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Non-fungible tokens hosted on Ethereum have been the top most traded NFTs this October. In the past 30 days, Ethereum-based NFTs have recorded a trading sales volume of $170 million. Ethereum NFTs have fallen 18.27% this month from the previous month.

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The non-fungible token market has begun retesting some hype after suffering a brutal comedown in the past several months.

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Yuga Labs

yuga-labs

Today I’m going to tell you about the Ryder Ripps Bored Ape Yacht Club… Remember, in the , I promised I would write a separate piece about it? previous story about the Bored Ape Yacht Club Well, here it is! The timing seemed perfect since the trial happened last week. So let’s dive in. Origin Story From the previous issue, you already know the high-level story of the Bored Apes Yacht Club - but what the hell is Ryder Ripps Bored Ape Yacht Club (RR BAYC)? You may be wondering. Here is how it all started. In May 2022, conceptual artist Ryder Ripps took a picture of the Bored Ape that owned and used as his profile picture on Twitter and minted it as a new NFT on Foundation. He then linked his wallet to his Twitter account and used that as his new profile picture. Twitter, in its turn, showed a hexagon around the image, which proved that it’s an NFT that the account holder (Ryder) owns. j1mmy.eth NFT I could not find the exact public dialogue between j1mmy.eth and Ryder, but I recall that  j1mmy.eth was not happy at all. The conversation between them and the Twitter crowd provoked thoughts and brought up important topics such as NFTs, IP rights, ownership, provenance, etc. And within this context, below is the tweet that started it all There were many people tweeting and asking to get their RR BAYC based on their chosen Bored Ape image. Ryder Ripps himself was minting the RR BAYC apes one by one on Foundation, and soon it became a trending collection on the platform. If I am not mistaken, at one point, Yuga Labs had sent a DMCA letter requesting the Foundation to take the collection down. It was taken down for a day, but after an investigation was brought back up. Everyone who was purchasing RR BAYC had to agree to the terms below. A copycat? Many simplified the matter and, due to the same imagery used (later even the media while covering the topic), simply labeled the RR BAYC collection a copycat. As you can see from the terms, Ryder meant to for educational purposes, as protest and satirical commentary. re-conceptualize the BAYC imagery And everyone was informed that it was a new mint and not an NFT from the original Bored Ape Yacht Club collection. It is hard to deny, though, that the collection did what Ryder intended it to do. Educational You cannot copy an NFT. It would be safe to say that there were many people in the space who had the wrong perception of what an NFT actually was. Many really thought they were buying, holding, and trading the image (jpeg). This is exactly why some had that ignorant “right-click save” counter-argument. What they didn’t realize was that when they bought the NFT, they bought the token, not the image. And although RR BAYC NFT was pointing to the same image of the respective BAYC ape, it was a completely new NFT under a different smart contract. Protest Please note that the accusations about Yuga Labs being a Nazi brand had not yet gained traction, but they were already around. Ryder had launched at the beginning of 2022, and different Twitter Spaces were debating the matter. https://gordongoner.com/ So to many at this point, minting a RR BAYC was a form of protest. Appropriation Art RR BAYC may be looked at as appropriation art too. What is appropriation art? Appropriation in art and art history refers to the practice of artists using pre-existing objects or images in their art with little transformation of the original. Appropriation art raises questions of originality, authenticity, and authorship. Below is just one example More examples are mentioned in this tweet. https://twitter.com/SirRonHale/status/1687072588692889601?s=20&embedable=true And yes, you may argue that in the RR BAYC case, it’s pointing to the same BAYC original image… but remember - the NFT is not about the image but provenance, right? Anyway, let’s see what happened next Seems that at some point, the demand became so high that Ryder could no longer mint them manually. So he teamed up with Pauly (Jeremy Cahen) and a few others to launch a website where people could buy/mint them. I already told you in the previous story that the Youtuber called BORED APE NAZI CLUB at the time the 2022 was taking place. Philion published his video NFT NYC The video blew up, and I think everyone in the NFT space watched it(+ some more since it got 2M views so far). The video mentioned the RR BAYC collection and brought the attention of more people to it. So the demand kept growing… Yuga’s move At first, the most powerful NFT company that gave birth to BAYC: Yuga Labs, ignored the matter, probably hoping that it would never gain traction and be forgotten with time. But not only the video kept gaining views, but also the crypto and mass media picked up the topic, so with each day, more and more people were coming across the accusations and the RR BAYC collection as a result. So they reached a point where ignoring it further was no longer an option. That’s when Gordon Gomer published labeling the accusations “bullshit” but addressing them nevertheless. A letter from the Founders Trying to recall those times, I don’t remember the Bored Ape community being as loyal and united, supporting the brand as Ryder Ripps and Pauly’s supporters were. The latter was way more loud, bold, and passionate compared to the Bored Ape holders. I personally think that if it was the other way around, things would die out and eventually be forgotten, and this story would simply stop here… But no… we’re still halfway there. Yuga Labs sued Ryder Ripps, Pauly (Jeremy Cahen), and DOES 1-10 in June 2022. Before, they were saying that accusations were “bullshit” and the accusers were just trolls. Now a 4 billion company was suing them. And yes, I get it - all these accusations certainly had a very negative impact on the brand's reputation… but wait - it looks like it is not a defamation case at all! If you are as ignorant in legal matters as I am, you may be wondering - who the hell is DOES 1-10? Looked into court files, and here is who else Yuga Labs is suing besides Ryder and Jeremy: Don’t wanna bore you with too many legal details, but below are just a few segments of what Yuga Labs’ complaints consist of to give you a better context, so you can follow the story along. In response to the Bored Ape Yacht Club’s popularity, Defendant Ryder Ripps, a self-proclaimed “conceptual artist,” recently began trolling Yuga Labs and scamming consumers into purchasing RR/BAYC NFTs by misusing Yuga Labs’ trademarks. He seeks to devalue the Bored Ape NFTs by flooding the NFT market with his own copycat NFT collection using the original Bored Ape Yacht Club images and calling his NFTs “RR/BAYC” NFTs. Brazenly, he promotes and sells these RR/BAYC NFTs using the very same trademarks that Yuga Labs uses to promote and sell authentic Bored Ape Yacht Club NFTs. He also markets these copycat NFTs as falsely equivalent to an authentic Bored Ape Yacht Club NFT. He then goes on to use Yuga Labs’ marks to promote his coming “Ape Market” NFT marketplace, which requires a person to purchase one of his infringing NFTs to join the Ape Market. This is no mere monkey business. It is a deliberate effort to harm Yuga Labs at the expense of consumers by sowing confusion about whether these RR/BAYC NFTs are in some way sponsored, affiliated, or connected to Yuga Labs’ official Bored Ape Yacht Club, in violation of the Lanham Act and related state law. Yuga Labs brings this action against Ripps and others involved in perpetrating his scam to dispel the confusion he has caused in the marketplace, to protect the goodwill in authentic Bored Ape NFTs and the Bored Ape Yacht Club, to protect members of the NFT community from being deceived into thinking they are purchasing a highly coveted Bored Ape NFT, and to protect the general public from deceptive commercialization or use of RR/BAYC NFTs that would lead consumers to believe those NFTs are official Bored Ape NFTs. Ripps claims his actions are “satire,” yet he conveniently rakes in millions in ill-gotten profit from sales of the RR/BAYC NFTs using Yuga Labs’ marks to make those sales. Copying is not satire, it is theft. And lying to consumers is not conceptual art, it is deception. Ripps, Cahen, and Does 1-5’s website (https://rrbayc.com) claims that minting exact replicas of Yuga Labs’ Bored Ape NFTs and reselling them at a profit is “satire.” In reality, this is part of a longstanding harassment campaign against Yuga Labs and an attempt to devalue the price of authentic Bored Ape NFTs. At the same time, Ripps, Cahen, and Does 1-5 stand to make millions of dollars by tricking consumers into buying these fake Bored Ape NFTs. Indeed, on information and belief, Ripps has made well over $5 million through this scheme of pumping and dumping fake NFTs. There is also a part specifically for all those who have bought RR BAYC too… Defendants Does 6-10 have joined Ripps, Cahen, and Does 1-5 in acting to devalue authentic Bored Ape NFTs through their participation in social media in promoting the RR/BAYC NFTs while knowing them to be fake. Their specific actions will be alleged when and if their identities are ascertained. Will leave in case you’d like to dive into it deeper. the link to all public documents here There are tons of documents and evidence in there. In January 2023, Yuga filed a complaint against Thomas Lehman, focusing on his role in coding and developing the RR BAYC contract and the rrbayc.com site. In February, they reached a settlement (source: ). Coindesk I guess we won’t know what they had agreed on though. In April 2023, Yuga Labs won summary judgment. But the court decided that any damages would be calculated and determined during the trial. The trial And here we are, just a week after the trial. The trial was open to the public, and Pauly encouraged their supporters to show up in a tweet mentioning it a few times on Twitter Spaces too. https://twitter.com/Pauly0x/status/1684566734181920768?s=20&embedable=true There was a bit of citizen journalism going on, so many were following the developments in real-time, reading the tweets, and watching videos from the breaks. Here are both parties arriving at the court: When I started researching this story, I reached out to the Twitter audience to get more information and details. As a result, I personally spoke to 10+ people who were at the trial to find out more details and write this part. All of them were there to support Ryder and Jeremy. They all discovered RR BAYC at different times (from the 1st day, after following Pauly through Pepe, after watching the video, etc.), but all were united by their beliefs. People had traveled from Washington, Miami, and Arizona to be there in person and show their support. Here are just a few of them below, explaining why they decided to be there. This guy flew from Miami. And he also brought his framed RR BAYC with him to the trial. People I spoke to thought everyone from the Yuga Labs side was paid to be there - i.e., mostly from their legal team, hired experts, etc. and no one from the public came to support them. I reached out to Yuga Labs and did not get a response, so unfortunately, there will be no way of presenting their side of the story here. Most of the people I spoke with were on the same page when they were sharing their impressions and observations. I tried to summarize them below: Ryder Ripps did not get a chance to speak. He was asked 1 question only. Being the “hero of the story,” it felt strange to me… When I asked Ryder’s mother: Helene Verin, who was there too, why she thinks that was, she responded: It's obvious; Ryder was so articulate in his deposition, they didn't want him to explain his protest. Jeremy, though, was questioned for 30-40 minutes, and he was very calm and confident. Greg Solano (one of Yuga Lab's co-founders) admitted that the theme of their brand is “scatological” in nature and that Bored Ape Yacht Club is a luxury brand. Quoting one of the supporters below (a sentiment/impression I got from several in different phrasing) I was shocked that Nicole Munoiz (x CEO of Yuga Labs) didn’t even know her own company’s terms . The way certain YUGA witnessed lied on the stand and then we’re quickly reminded of their lies via their deposition was insane. I can’t believe it. It was embarrassing. They really shamed themselves that day. Yuga Labs brought around 13 boxes of printed evidence There were some laughs and giggles during Yuga Labs’ testimony Yuga Labs have spent tons of money (around $600k?) to hire experts to prove that people were confused and bought RR BAYC thinking they were buying BAYC The story is not over yet, and it’s hard to predict what would the decision about the damages be. I believe that the law will find its way. I believe that things will be reconciled. Reconciled because the main business of Yuga Labs is illegitimate. They promise you “IP” — intellectual property if you own one of these NFTs and there is no boundaries of how that intellectual property can be used. I think that’s the most fascinating thing in all of this. Yuga’s examples of IP are poop videos and penises on a bathroom wall. Everybody else, whom Yuga Labs celebrates is using their IP to make marijuana products, kids toys, clothing, pillows, socks, anything you could think of… So in what world is there a guideline? The spectrum of how you can use your IP is wide. If you want to utilize your IP to make criticisms of the company, why can’t you? (a witness from Ryder’s side at trial) _ @hWonderofWorld The rabbit hole with this story seems too deep, and this story just scratched the surface. Meanwhile, it feels like we are living at times when memes are used as “serious” evidence in court, and people keep meme-ing anyway. That was all for this week's Rebels! Disclaimer: I am not a lawyer and qualified in legal matters, so all I have in this story is what I managed to research and comprehend: feel free to correct if needed. I also have not owned and don’t own RR/BAYC at the moment. Also published . here

Yuga Labs Sues Ryder Ripps, Jeremy Cahen, and DOES 1-10: This is Not Monkey Business

**London, UK, October 21st, 2024/Chainwire/--**ApeExpress has officially launched on ApeChain, offering a streamlined platform for users to create and deploy tokens quickly, tapping into meme culture and emerging trends. This new service allows anyone to launch tokens with ease, enhancing accessibility within the Yuga Labs ecosystem. $BORED Among Top Tokens Launched on ApeExpress One of the first tokens to debut on ApeExpress, $BORED has gained significant traction. Initially priced at $0.002, $BORED experienced rapid growth, reaching an all-time high of $0.023—an increase of over 1000%. Following this surge, $BORED attained a market cap of $22 million, later stabilizing at $14 million, positioning it as one of the leading meme tokens on ApeChain. $BORED’s success is driven by its native fit to the ApeChain narrative, drawing inspiration from the Bored Ape Yacht Club (BAYC) NFT project. With strong community backing and strategic positioning, $BORED has the potential to become a central meme token within the ApeChain ecosystem. Outlook for $BORED and ApeChain’s Meme Token Ecosystem While $BORED’s initial rise has been notable, its future performance remains uncertain, as with all digital assets. Its early success highlights the potential for meme tokens on ApeChain, driven by strong branding, community engagement, and market interest. For ongoing updates and community interaction, users can follow @boredonape on X or buy $BORED here. About $BORED $BORED is the premier meme coin on ApeChain, inspired by the iconic Bored Ape Yacht Club (BAYC) and designed to capture the fun, irreverence, and community spirit of the digital age. Launched on ApeExpress, $BORED combines the power of memes with the scalability and speed of ApeChain, creating a token that is as easy to trade as it is to enjoy. About ApeExpress ApeExpress is a newly launched platform within the ApeChain ecosystem that allows users to quickly create and launch custom tokens. ApeChain is part of the Yuga Labs ecosystem, which is widely recognized for its influence in the NFT and Web3 space, particularly through projects like the Bored Ape Yacht Club. Contact BORED pr@boredonape.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **London, UK, October 21st, 2024/Chainwire/--**ApeExpress has officially launched on ApeChain, offering a streamlined platform for users to create and deploy tokens quickly, tapping into meme culture and emerging trends. This new service allows anyone to launch tokens with ease, enhancing accessibility within the Yuga Labs ecosystem. $BORED Among Top Tokens Launched on ApeExpress One of the first tokens to debut on ApeExpress, $BORED has gained significant traction. Initially priced at $0.002, $BORED experienced rapid growth, reaching an all-time high of $0.023—an increase of over 1000%. Following this surge, $BORED attained a market cap of $22 million, later stabilizing at $14 million, positioning it as one of the leading meme tokens on ApeChain. $BORED’s success is driven by its native fit to the ApeChain narrative, drawing inspiration from the Bored Ape Yacht Club (BAYC) NFT project. With strong community backing and strategic positioning, $BORED has the potential to become a central meme token within the ApeChain ecosystem. Outlook for $BORED and ApeChain’s Meme Token Ecosystem While $BORED’s initial rise has been notable, its future performance remains uncertain, as with all digital assets. Its early success highlights the potential for meme tokens on ApeChain, driven by strong branding, community engagement, and market interest. For ongoing updates and community interaction, users can follow @boredonape on X or buy $BORED here . @boredonape @boredonape buy $BORED here buy $BORED here About $BORED $BORED is the premier meme coin on ApeChain, inspired by the iconic Bored Ape Yacht Club (BAYC) and designed to capture the fun, irreverence, and community spirit of the digital age. Launched on ApeExpress, $BORED combines the power of memes with the scalability and speed of ApeChain, creating a token that is as easy to trade as it is to enjoy. About ApeExpress ApeExpress is a newly launched platform within the ApeChain ecosystem that allows users to quickly create and launch custom tokens. ApeChain is part of the Yuga Labs ecosystem, which is widely recognized for its influence in the NFT and Web3 space, particularly through projects like the Bored Ape Yacht Club. Contact BORED pr@boredonape.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. here . here

ApeExpress Launches On ApeChain: $BORED Reaches $22 Million Market Cap Shortly After Debut

ApeExpress በ ApeChain ላይ ይጀምራል፡ $ BORED ለመጀመሪያ ጊዜ ከተጀመረ ብዙም ሳይቆይ የ22 ሚሊዮን ዶላር የገበያ ዋጋ ላይ ደርሷል።

ApeExpress lancerer på ApeChain: $BORED når $22 millioner markedsværdi kort efter debut

ApeExpress se lanza en ApeChain: $BORED alcanza una capitalización de mercado de $22 millones poco después de su debut

ApeExpress در ApeChain راه اندازی شد: ارزش بازار $BORED کمی پس از عرضه به 22 میلیون دلار می رسد

ApeExpress lanse sou ApeChain: $BORED rive nan 22 milyon dola sou mache a yon ti tan apre premye

Megjelent az ApeExpress az ApeChain-en: a $BORED nem sokkal a debütálás után eléri a 22 millió dolláros piaci felső határt

ApeExpressがApeChainでローンチ：$BOREDはデビュー直後に時価総額2200万ドルに到達

ApeExpress បើកដំណើរការនៅលើ ApeChain: $BORED ឈានដល់តម្លៃទីផ្សារ $22 លានដុល្លារភ្លាមៗបន្ទាប់ពីការបង្ហាញខ្លួនជាលើកដំបូង

ApeExpress tiek laists klajā ApeChain: $ BORED neilgi pēc debijas sasniedz 22 miljonus USD tirgus ierobežojumu

ApeExpress Yatangije kuri ApeChain: $ BORED igera ku isoko rya miliyoni 22 z'amadolari nyuma gato yo gutangira

ApeExpress sa spúšťa na ApeChain: $ BORED dosiahne 22 miliónov dolárov na trhu krátko po debute

ApeExpress ኣብ ApeChain ጀሚሩ: $BORED ድሕሪ ምጅማሩ ቁሩብ ጸኒሑ 22 ሚልዮን ዶላር ዕዳጋ በጺሑ

SEOUL, South Korea,June 18th, 2024/Chainwire/--Aptos Foundation and Tron are the Title sponsors while Orbs, Flare Network, and Ripple have been named Gold sponsors. Additional headline speakers include Brad Garlinghouse, Richard Teng, Sébastien Borget, Dominic Williams, Nick van Eck, and more. Korea Blockchain Week 2024, Asia's most impactful blockchain conference, is delighted to announce a slate of prolific top-tier sponsors and headline speakers. Sui, an innovative Layer-1 blockchain created by Mysten Labs, has been named the Official Conference Partner. The title sponsors include Aptos Foundation and Tron while Orbs, Flare Network, and Ripple are the Gold sponsors. The full list of partners participating as Silver, Bronze, and Copper sponsors is available on KBW's official website. Evan Cheng, Co-Founder & CEO of Mysten Labs, said, “Every year, Korea Blockchain Week brings together the world's brightest minds and leaders of some of the most innovative technology companies to explore and expand awareness of blockchain technology. Korea is rising to the forefront of the industry’s wave of mass adoption, and with Sui’s established roots in the region, we are pleased to join KBW this year in continuing its tradition of excellence and fueling crypto’s next phase of growth across Asia.” KBW2024’s impressive speaker line-up features influential figures such as Vitalik Buterin(virtual), Arthur Hayes, Mike Belshe, Mo Shaikh, Yat Siu, Muneeb Ali, Keone Hon, Eli Ben-Sasson, Ed Felten, and Aleksander Larsen among others. The conference welcomes the following new headline speakers: Brad Garlinghouse, CEO of Ripple Richard Teng, CEO of Binance Sébastien Borget, Co-founder and CEO of The Sandbox. Dominic Williams, Founder and Chief Scientist at DFINITY Foundation Nick van Eck, Co-founder and CEO of Agora Nathan Allman, Founder and CEO of Ondo Finance. Vyas Krishnan, Strategy at EigenLayer Daniel Wang, CEO of Taiko Greg Solano, CEO of Yuga Labs. Each of these influential figures would bring a wealth of knowledge and experience, offering invaluable insights into the evolving world of blockchain technology. Seon-ik Jeon, CEO of FACTBLOCK, the host of KBW, said, “Over the past seven years, KBW has grown to become the prime avenue for impactful dialogues that help shape the narratives and influence decisions in the global Web3 industry. The growing roster of our headline speakers is a testament to that. We are truly delighted to welcome Sui as the Official Conference Partner, along with other prominent sponsors, renowned speakers, and attendees who collectively help make Asia's most impactful blockchain conference possible.” With just 75 days to go in the countdown, the seventh edition of Korea Blockchain Week (KBW) will take place from 1-7 September 2024, with its flagship two-day "IMPACT" conference held between 3-4 September at the Walkerhill Hotels & Resorts, Seoul, South Korea. KBW2024 is set to be one of the most anticipated global Web3 gatherings this year. Founded and organized by Web3 ecosystem builder, FACTBLOCK, and co-hosted by Asia's leading Web3 VC fund, Hashed, this year's KBW will cover the convergence of Web2 and Web3, underscoring the significance of Asia-powered growth, innovation and adoption that is fueling the global Web 3 ecosystem. Hashed CEO Simon Kim stated, "KBW2024 will serve as a bridge connecting East and West by inviting leaders who are at the forefront of the global blockchain industry." He added, "The upcoming KBW: IMPACT will cover not only the trends in Web3 technology but also institutional approaches to Web3 technology and market, strategies for expanding into the mass market both regional and comprehensive, and trends from major regulatory agencies." KBW2024: IMPACT will have an Institutional Day focused on how traditional finance intersects with decentralized finance, and how Web2 companies are adopting blockchain technologies to enhance user or client-oriented services. As Korea rises as the Web3 capital, KBW2024 will be a platform at the confluence of Web3 innovations and institutional capital. In its continuous effort to improve the experience and maximize the value for attendees, KBW2024: IMPACT will feature a plethora of interactive functions where attendees can immerse themselves in innovative blockchain-based games and applications. For more information and continued updates on Korea Blockchain Week 2024, please visit:https://koreablockchainweek.com/ About Korea Blockchain Week: Founded by FACTBLOCK and co-hosted by Hashed, Korea Blockchain Week (KBW) is an annual global blockchain and web3 festival held in Seoul, South Korea, since 2018. It has been a gathering ground for the top global blockchain and web3 leaders and unifying diverse communities. KBW curates multiple prestigious main events, including the flagship conference 'IMPACT.' This provides participants and attendees exclusive opportunities to exchange industry insights and indulge in an immersive blend of music, art, and culture, making KBW a unique and enriching experience for all involved. Contact Amelia Lee FACTBLOCK amelia.lee@factblock.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. SEOUL, South Korea,June 18th, 2024/Chainwire/--Aptos Foundation and Tron are the Title sponsors while Orbs, Flare Network, and Ripple have been named Gold sponsors. Additional headline speakers include Brad Garlinghouse, Richard Teng, Sébastien Borget, Dominic Williams, Nick van Eck, and more. Korea Blockchain Week 2024, Asia's most impactful blockchain conference, is delighted to announce a slate of prolific top-tier sponsors and headline speakers. Sui, an innovative Layer-1 blockchain created by Mysten Labs, has been named the Official Conference Partner. The title sponsors include Aptos Foundation and Tron while Orbs, Flare Network, and Ripple are the Gold sponsors. The full list of partners participating as Silver, Bronze, and Copper sponsors is available on KBW's official website. Evan Cheng, Co-Founder & CEO of Mysten Labs, said, “Every year, Korea Blockchain Week brings together the world's brightest minds and leaders of some of the most innovative technology companies to explore and expand awareness of blockchain technology. Korea is rising to the forefront of the industry’s wave of mass adoption, and with Sui’s established roots in the region, we are pleased to join KBW this year in continuing its tradition of excellence and fueling crypto’s next phase of growth across Asia.” Evan Cheng, Co-Founder & CEO of Mysten Labs, said, “Every year, Korea Blockchain Week brings together the world's brightest minds and leaders of some of the most innovative technology companies to explore and expand awareness of blockchain technology. Korea is rising to the forefront of the industry’s wave of mass adoption, and with Sui’s established roots in the region, we are pleased to join KBW this year in continuing its tradition of excellence and fueling crypto’s next phase of growth across Asia.” KBW2024’s impressive speaker line-up features influential figures such as Vitalik Buterin(virtual), Arthur Hayes, Mike Belshe, Mo Shaikh, Yat Siu, Muneeb Ali, Keone Hon, Eli Ben-Sasson, Ed Felten, and Aleksander Larsen among others. The conference welcomes the following new headline speakers: Brad Garlinghouse, CEO of Ripple Richard Teng, CEO of Binance Sébastien Borget, Co-founder and CEO of The Sandbox. Dominic Williams, Founder and Chief Scientist at DFINITY Foundation Nick van Eck, Co-founder and CEO of Agora Nathan Allman, Founder and CEO of Ondo Finance. Vyas Krishnan, Strategy at EigenLayer Daniel Wang, CEO of Taiko Greg Solano, CEO of Yuga Labs. Each of these influential figures would bring a wealth of knowledge and experience, offering invaluable insights into the evolving world of blockchain technology. Seon-ik Jeon, CEO of FACTBLOCK, the host of KBW, said, “Over the past seven years, KBW has grown to become the prime avenue for impactful dialogues that help shape the narratives and influence decisions in the global Web3 industry. The growing roster of our headline speakers is a testament to that. We are truly delighted to welcome Sui as the Official Conference Partner, along with other prominent sponsors, renowned speakers, and attendees who collectively help make Asia's most impactful blockchain conference possible.” Seon-ik Jeon, CEO of FACTBLOCK, the host of KBW, said, “Over the past seven years, KBW has grown to become the prime avenue for impactful dialogues that help shape the narratives and influence decisions in the global Web3 industry. The growing roster of our headline speakers is a testament to that. We are truly delighted to welcome Sui as the Official Conference Partner, along with other prominent sponsors, renowned speakers, and attendees who collectively help make Asia's most impactful blockchain conference possible.” With just 75 days to go in the countdown, the seventh edition of Korea Blockchain Week (KBW) will take place from 1-7 September 2024, with its flagship two-day "IMPACT" conference held between 3-4 September at the Walkerhill Hotels & Resorts, Seoul, South Korea. KBW2024 is set to be one of the most anticipated global Web3 gatherings this year. Founded and organized by Web3 ecosystem builder, FACTBLOCK, and co-hosted by Asia's leading Web3 VC fund, Hashed, this year's KBW will cover the convergence of Web2 and Web3, underscoring the significance of Asia-powered growth, innovation and adoption that is fueling the global Web 3 ecosystem. Hashed CEO Simon Kim stated, "KBW2024 will serve as a bridge connecting East and West by inviting leaders who are at the forefront of the global blockchain industry." Hashed CEO Simon Kim stated, "KBW2024 will serve as a bridge connecting East and West by inviting leaders who are at the forefront of the global blockchain industry." He added, "The upcoming KBW: IMPACT will cover not only the trends in Web3 technology but also institutional approaches to Web3 technology and market, strategies for expanding into the mass market both regional and comprehensive, and trends from major regulatory agencies." He added, "The upcoming KBW: IMPACT will cover not only the trends in Web3 technology but also institutional approaches to Web3 technology and market, strategies for expanding into the mass market both regional and comprehensive, and trends from major regulatory agencies." KBW2024: IMPACT will have an Institutional Day focused on how traditional finance intersects with decentralized finance, and how Web2 companies are adopting blockchain technologies to enhance user or client-oriented services. As Korea rises as the Web3 capital, KBW2024 will be a platform at the confluence of Web3 innovations and institutional capital. In its continuous effort to improve the experience and maximize the value for attendees, KBW2024: IMPACT will feature a plethora of interactive functions where attendees can immerse themselves in innovative blockchain-based games and applications. For more information and continued updates on Korea Blockchain Week 2024, please visit:https://koreablockchainweek.com/ About Korea Blockchain Week: Founded by FACTBLOCK and co-hosted by Hashed, Korea Blockchain Week (KBW) is an annual global blockchain and web3 festival held in Seoul, South Korea, since 2018. It has been a gathering ground for the top global blockchain and web3 leaders and unifying diverse communities. KBW curates multiple prestigious main events, including the flagship conference 'IMPACT.' This provides participants and attendees exclusive opportunities to exchange industry insights and indulge in an immersive blend of music, art, and culture, making KBW a unique and enriching experience for all involved. Contact Amelia Lee FACTBLOCK amelia.lee@factblock.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here

Korea Blockchain Week Names Sui The Official Conference Partner, Announces New Headline Speakers

কোরিয়া ব্লকচেইন সপ্তাহের নাম সুই অফিসিয়াল কনফারেন্স পার্টনার, নতুন হেডলাইন স্পিকার ঘোষণা করেছে

Korea Blockchain Week ernennt Sui zum offiziellen Konferenzpartner und gibt neue Hauptredner bekannt

La Semana Blockchain de Corea nombra a Sui socio oficial de la conferencia y anuncia nuevos oradores principales

La Korea Blockchain Week nomme Sui partenaire officiel de la conférence et annonce de nouveaux conférenciers principaux

कोरिया ब्लॉकचेन वीक ने सुई को आधिकारिक सम्मेलन भागीदार नामित किया, नए प्रमुख वक्ताओं की घोषणा की

韓国ブロックチェーンウィークがSuiを公式カンファレンスパートナーに任命、新たなヘッドラインスピーカーを発表

Korea Blockchain Week, Sui를 공식 컨퍼런스 파트너로 선정하고 새로운 헤드라인 연사 발표

Korea Blockchain Week nomeia Sui como parceiro oficial da conferência e anuncia novos palestrantes

Корейская неделя блокчейна называет Суй официальным партнером конференции и объявляет новых докладчиков

Kore Blockchain Haftası Sui'yi Resmi Konferans Ortağı Olarak Adlandırdı, Yeni Ana Konuşmacıları Açıkladı

Tuần lễ Blockchain Hàn Quốc nêu tên Sui là Đối tác chính thức của hội nghị, công bố Diễn giả chính mới

韩国区块链周任命 Sui 为官方会议合作伙伴，并宣布新的主讲嘉宾

It’s 2024, and we cannot go a second without being reminded of AI. It’s everywhere! YouTube channels, newsletters, gurus, and experts promise to dispel AI’s magic, bring you insights from behind the curtain, and tell you how to make money. Precedence Research projects the global artificial intelligence (AI) market to reach USD 2.5 trillion by 2032. Remember when the metaverse was the “Next Big Thing”? Facebook rebranded to Meta in 2021, pouring over $10 billion into developing metaverse-related technologies. Companies followed suit, investing billions, promising a new reality just around the corner. Your son will most certainly live there, and your daughter must prepare her virtual resume for her virtual job, for which she will be paid in virtual money! Right around that time, NFTs were taking the world by storm. Wherever you turned, you couldn’t avoid those boring Bored Apes, childish penguins, and all kinds of ugly “art” meets tech hailed as the new revolution, selling for millions with the involvement of major celebrities like Paris Hilton, Jimmy Fallon, and Justin Bieber. We heard it all: crypto will go to the moon, AR/VR will redefine gaming and virtual experiences, and blockchain promises a decentralized world for everyone. Now, the buzz has shifted to AI. Suddenly, everyone is an AI expert, launching newsletters, starting YouTube channels, and offering courses, consultations, and quick-fix solutions to leverage AI for success. The list is endless, but the promise is more or less the same: a metaphorical mattress where your dreams and dollars can multiply and live happily ever after! From the infamous “Here in My Garage” Tai Lopez to the convicted financial criminal Jordan Belfort, “The Wolf of Wall Street,” these false prophets, while predictable, often cannot predict anything. They emerge when a new technology gains traction, positioning themselves as pioneers despite having no real contribution, minimal experience, and shallow knowledge. But the imposter’s playbook is highly effective: find a trending topic, declare expertise, hype it to the moon, and capitalize on the craze. They hide behind flashy creatives, fun memes, big buzzwords, and exaggerated claims, building their brand over the broken dreams of their misguided followers. Desperate for quick gains, their audience hangs on their sophisticated words and grand promises while drowning themselves in losses. The Real Cost Misdirected investments, wasted time, and shattered expectations are common outcomes of following the imposters of tech. If you missed investing in Nvidia and want to catch the next OpenAI, don’t worry. They ease your FOMO and quickly turn it up with “follow me and subscribe to my newsletter, where I reshare news headlines and pretend I got secret insider knowledge from the founders.” These self-proclaimed gurus rarely provide the sustainable, actionable insights necessary for genuine success. After all, they have invested all their time in branding, outreach, and spamming your feed while the real experts are busy learning, building, and innovating. Most of the time, you are oblivious to what’s happening behind the scenes and their shady dealings under the table. A class action lawsuit, filed in December of 2022, alleges Hilton, Fallon, and other celebrities conspired in a “vast scheme” to artificially inflate the price of Bored Ape NFTs and enrich themselves, the crypto payments company they used to get the apes, MoonPay, and the company that made the Bored Apes, Yuga Labs. Celebrities like Tom Brady, Larry David, and Kevin O’Leary may have been responsible for billions of dollars in damages and losses by lending their credibility to the failed cryptocurrency exchange FTX. But they are not the cause, they are a symptom of a meme culture that rewards bombastic claims and a decrepit media industry vying for access, offering little if any, pushback. “At this point, I think I know more about manufacturing than anyone currently alive on earth.” Elon Musk claimed at the TED Conference on April 2022. These so-called experts often follow a familiar pattern. They emerge when a new technology gains traction, positioning themselves as pioneers despite having minimal experience or knowledge. They rely on flashy presentations, buzzwords, and exaggerated claims to build their brand. Their success hinges not on the depth of their understanding but on their ability to captivate an audience desperate for quick gains. Dream outcomes, unnecessary innovations, cookie-cutter solutions, and a few things that may have worked once but nothing you can use to achieve or replicate success in a rapidly evolving, highly unpredictable tech landscape. How to Spot a Genuine Expert So, how do you distinguish between a real expert and an imposter? Look for substance over style. True experts demonstrate a deep understanding of their field through consistent, valuable contributions. They acknowledge the complexities and limitations of the technology rather than presenting it as if it’s some kind of magical wowoo dust, when sprinkled on anything it would make it bigger, better, cheaper, and available for everyone! People like Andrew Ng, who consistently provides valuable insights and has a proven track record in AI, or Tim Berners-Lee, the inventor of the World Wide Web, continue to contribute meaningfully to technology discussions. They are educators, scientists, builders, innovators, and value creators who prioritize your growth. A genuine expert will: Provide In-Depth Knowledge: They offer detailed, nuanced explanations rather than oversimplified, sensationalist claims.
Acknowledge Uncertainties: They admit the limitations and challenges of the technology, presenting a balanced view.
Show Proven Experience: They have a track record of working in the field, backed by tangible results and peer recognition.
Focus on Your Growth: They aim to educate and empower you, not just sell you a product, service, or newsletter subscription. The AI Malaise AI, like every technology before it, is transformative, but it’s not magic. It holds great potential in its ability to augment human capabilities. But most of the headlines about taking over the world, doing our jobs, and the rosy future waiting for us as soon as we reach the singularity are nothing more than words with nothing to substantiate it. Just like the headlines on blockchain taking over every database and crypto replacing every currency and rendering banks irrelevant! If you’re truly interested in the reality behind the fog of headlines meant to sell ads, focus on understanding the principles, limitations, and practical applications of technologies like AI. Invest your time in learning before gambling your money away. Seek reputable sources and mentors who prioritize your development. Stay curious, stay skeptical, and let your genuine pursuit of knowledge guide you to real opportunities and growth. Question the credentials of those who claim expertise and seek out diverse perspectives. The true promise of AI, or any technology, lies in its ability to empower you, not in the empty promises of fast money. If anything, the past few years have shown us that there is always another trend and, with it, a chance to ride the waves of change. Let the hype fade, and let your curiosity and commitment to building yourself up guide you to genuine opportunities and real growth. Resources: Artificial Intelligence Index Report 2024
Artificial Intelligence in the News: How AI Retools, Rationalizes, and Reshapes Journalism and the Public Arena
Future Today Institute • 2024 Tech Trends Report
A twisted tale of celebrity promotion, opaque transactions and allegations of racist tropes
Record-breaking sale of Beeple's NFT artwork seems shady AF
Why Tom Brady, David Ortiz, Jimmy Fallon and other celebrities are getting sued over crypto
Former FTX spokesman Kevin O’Leary defends endorsement of Bankman-Fried’s crypto firm It’s 2024, and we cannot go a second without being reminded of AI. It’s everywhere! YouTube channels, newsletters, gurus, and experts promise to dispel AI’s magic, bring you insights from behind the curtain, and tell you how to make money. Precedence Research projects the global artificial intelligence (AI) market to reach USD 2.5 trillion by 2032. Precedence Research Remember when the metaverse was the “Next Big Thing” ? Facebook rebranded to Meta in 2021, pouring over $10 billion into developing metaverse-related technologies. Companies followed suit, investing billions, promising a new reality just around the corner. Your son will most certainly live there, and your daughter must prepare her virtual resume for her virtual job, for which she will be paid in virtual money! “Next Big Thing” Right around that time, NFTs were taking the world by storm. Wherever you turned, you couldn’t avoid those boring Bored Apes, childish penguins, and all kinds of ugly “art” meets tech hailed as the new revolution, selling for millions with the involvement of major celebrities like Paris Hilton, Jimmy Fallon, and Justin Bieber. “art” We heard it all: crypto will go to the moon, AR/VR will redefine gaming and virtual experiences, and blockchain promises a decentralized world for everyone. Now, the buzz has shifted to AI. Suddenly, everyone is an AI expert, launching newsletters, starting YouTube channels, and offering courses, consultations, and quick-fix solutions to leverage AI for success. The list is endless, but the promise is more or less the same: a metaphorical mattress where your dreams and dollars can multiply and live happily ever after! From the infamous “Here in My Garage” Tai Lopez to the convicted financial criminal Jordan Belfort, “The Wolf of Wall Street,” these false prophets, while predictable, often cannot predict anything. They emerge when a new technology gains traction, positioning themselves as pioneers despite having no real contribution, minimal experience, and shallow knowledge. But the imposter’s playbook is highly effective: find a trending topic, declare expertise, hype it to the moon, and capitalize on the craze. “Here in My Garage” “The Wolf of Wall Street,” They hide behind flashy creatives, fun memes, big buzzwords, and exaggerated claims, building their brand over the broken dreams of their misguided followers. Desperate for quick gains, their audience hangs on their sophisticated words and grand promises while drowning themselves in losses. The Real Cost Misdirected investments, wasted time, and shattered expectations are common outcomes of following the imposters of tech. If you missed investing in Nvidia and want to catch the next OpenAI, don’t worry. They ease your FOMO and quickly turn it up with “follow me and subscribe to my newsletter, where I reshare news headlines and pretend I got secret insider knowledge from the founders.” “follow me and subscribe to my newsletter, where I reshare news headlines and pretend I got secret insider knowledge from the founders.” These self-proclaimed gurus rarely provide the sustainable, actionable insights necessary for genuine success. After all, they have invested all their time in branding, outreach, and spamming your feed while the real experts are busy learning, building, and innovating. Most of the time, you are oblivious to what’s happening behind the scenes and their shady dealings under the table. A class action lawsuit, filed in December of 2022, alleges Hilton, Fallon, and other celebrities conspired in a “vast scheme” to artificially inflate the price of Bored Ape NFTs and enrich themselves, the crypto payments company they used to get the apes, MoonPay, and the company that made the Bored Apes, Yuga Labs. “vast scheme” Celebrities like Tom Brady, Larry David, and Kevin O’Leary may have been responsible for billions of dollars in damages and losses by lending their credibility to the failed cryptocurrency exchange FTX. But they are not the cause, they are a symptom of a meme culture that rewards bombastic claims and a decrepit media industry vying for access, offering little if any, pushback. “At this point, I think I know more about manufacturing than anyone currently alive on earth.” Elon Musk claimed at the TED Conference on April 2022. “At this point, I think I know more about manufacturing than anyone currently alive on earth.” Elon Musk claimed at the TED Conference on April 2022. These so-called experts often follow a familiar pattern. They emerge when a new technology gains traction, positioning themselves as pioneers despite having minimal experience or knowledge. They rely on flashy presentations, buzzwords, and exaggerated claims to build their brand. Their success hinges not on the depth of their understanding but on their ability to captivate an audience desperate for quick gains. Dream outcomes, unnecessary innovations, cookie-cutter solutions, and a few things that may have worked once but nothing you can use to achieve or replicate success in a rapidly evolving, highly unpredictable tech landscape. How to Spot a Genuine Expert So, how do you distinguish between a real expert and an imposter? Look for substance over style. True experts demonstrate a deep understanding of their field through consistent, valuable contributions. They acknowledge the complexities and limitations of the technology rather than presenting it as if it’s some kind of magical wowoo dust, when sprinkled on anything it would make it bigger, better, cheaper, and available for everyone! People like Andrew Ng, who consistently provides valuable insights and has a proven track record in AI, or Tim Berners-Lee, the inventor of the World Wide Web, continue to contribute meaningfully to technology discussions. They are educators, scientists, builders, innovators, and value creators who prioritize your growth. A genuine expert will: Provide In-Depth Knowledge: They offer detailed, nuanced explanations rather than oversimplified, sensationalist claims. Acknowledge Uncertainties: They admit the limitations and challenges of the technology, presenting a balanced view. Show Proven Experience: They have a track record of working in the field, backed by tangible results and peer recognition. Focus on Your Growth: They aim to educate and empower you, not just sell you a product, service, or newsletter subscription. Provide In-Depth Knowledge: They offer detailed, nuanced explanations rather than oversimplified, sensationalist claims. Provide In-Depth Knowledge: Acknowledge Uncertainties: They admit the limitations and challenges of the technology, presenting a balanced view. Acknowledge Uncertainties: Show Proven Experience: They have a track record of working in the field, backed by tangible results and peer recognition. Show Proven Experience: Focus on Your Growth: They aim to educate and empower you, not just sell you a product, service, or newsletter subscription. Focus on Your Growth: The AI Malaise AI, like every technology before it, is transformative, but it’s not magic. It holds great potential in its ability to augment human capabilities. But most of the headlines about taking over the world, doing our jobs, and the rosy future waiting for us as soon as we reach the singularity are nothing more than words with nothing to substantiate it. Just like the headlines on blockchain taking over every database and crypto replacing every currency and rendering banks irrelevant! If you’re truly interested in the reality behind the fog of headlines meant to sell ads, focus on understanding the principles, limitations, and practical applications of technologies like AI. Invest your time in learning before gambling your money away. Seek reputable sources and mentors who prioritize your development. Stay curious, stay skeptical, and let your genuine pursuit of knowledge guide you to real opportunities and growth. Question the credentials of those who claim expertise and seek out diverse perspectives. The true promise of AI, or any technology, lies in its ability to empower you, not in the empty promises of fast money. If anything, the past few years have shown us that there is always another trend and, with it, a chance to ride the waves of change. Let the hype fade, and let your curiosity and commitment to building yourself up guide you to genuine opportunities and real growth. Resources: Artificial Intelligence Index Report 2024 Artificial Intelligence in the News: How AI Retools, Rationalizes, and Reshapes Journalism and the Public Arena Future Today Institute • 2024 Tech Trends Report A twisted tale of celebrity promotion, opaque transactions and allegations of racist tropes Record-breaking sale of Beeple's NFT artwork seems shady AF Why Tom Brady, David Ortiz, Jimmy Fallon and other celebrities are getting sued over crypto Former FTX spokesman Kevin O’Leary defends endorsement of Bankman-Fried’s crypto firm Artificial Intelligence Index Report 2024 Artificial Intelligence Index Report 2024 Artificial Intelligence in the News: How AI Retools, Rationalizes, and Reshapes Journalism and the Public Arena Artificial Intelligence in the News: How AI Retools, Rationalizes, and Reshapes Journalism and the Public Arena Future Today Institute • 2024 Tech Trends Report Future Today Institute • 2024 Tech Trends Report A twisted tale of celebrity promotion, opaque transactions and allegations of racist tropes A twisted tale of celebrity promotion, opaque transactions and allegations of racist tropes Record-breaking sale of Beeple's NFT artwork seems shady AF Record-breaking sale of Beeple's NFT artwork seems shady AF Why Tom Brady, David Ortiz, Jimmy Fallon and other celebrities are getting sued over crypto Why Tom Brady, David Ortiz, Jimmy Fallon and other celebrities are getting sued over crypto Former FTX spokesman Kevin O’Leary defends endorsement of Bankman-Fried’s crypto firm Former FTX spokesman Kevin O’Leary defends endorsement of Bankman-Fried’s crypto firm

The Imposters of Tech

টেক ইম্পোস্টারস

Die Hochstapler der Technik

Los impostores de la tecnología

Les imposteurs de la technologie

तकनीक के धोखेबाज

テクノロジーの偽者

기술 사기꾼

Os impostores da tecnologia

Самозванцы технологий

Teknolojinin Sahtekarları

Những kẻ mạo danh công nghệ

科技的冒名顶替者

**SANTA CLARA, California, May 31st, 2024/Chainwire/--**CARV the largest modular data layer for gaming and AI, announced today a strategic investment from Animoca Brands, the company advancing digital property rights for gaming and the open metaverse. In addition, Animoca Brands will become an operator of CARV’s Tier 6 verifier nodes in support of CARV's decentralization of its data layer. The partnership will facilitate deeper integration and long-term synergies as they expand their respective gaming and open metaverse ecosystems. Founded as a gaming credential platform, CARV has evolved into a modular data layer protocol with strong traction from over 2.7 million users, 790 integrated games, and partnerships across major chains like Linea, BNB Chain, zkSync, and Ronin. The company has come good on its gaming credential roots by initiating ERC-7231, the standard approved by the Ethereum Community that binds multiple Web2 and Web3 identities to a single NFT, and partnering with the likes of Google Cloud and Netmarble’s web3 arm, MARBLEX. To support rapid scaling and growth, CARV is introducing community-operated verifier nodes that scrutinize outcomes at each protocol layer. These nodes are crucial for maintaining decentralization, security, and equitable value redistribution as the network expands. CARV aims to accelerate user onboarding and adoption to grow the pie for all stakeholders in its user-owned data ecosystem through partnering with Animoca Brands as a strategic node operator, relying on their experience and expertise in operating various blockchain infrastructures. Node holders will have the option for one-click delegating to Animoca Brands for node operations, ensuring network uptime and robustness. The rewards from node operations will initially be in the form of $veCARV, the staked version of CARV tokens. This also allows Animoca Brands and its portfolio of more than 400 gaming and metaverse companies to participate in CARV’s Infinite Play, a token-lock voting bribery system (CURVE & CONVEX model for gaming) for governance voting. Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “CARV’s mission to advance data self-sovereignty and the interoperability of personal assets in both Web2 and Web3 fits perfectly with the work we do at Animoca Brands. This strategic partnership with CARV will amplify our efforts to pioneer a more equitable framework via new asset classes, economies, and digital property rights. ”“This is a multi-faceted alliance between two leaders in their respective domains,” said Victor Yu, co-founder of CARV. “Through Animoca Brands’ strategic investment, its support as a node operator, and collaboration across our gaming ecosystems, we are taking a comprehensive approach over many years to come. By leveraging our modular data layer with Animoca Brands' far-reaching ecosystem, we aim to unlock new frontiers in user-owned data economies.” For more about CARV's highly anticipated node sale, set to begin on June 3, 2024 for whitelisted participants and June 5, 2024 for the public, users can visit https://node.carv.io. About CARV CARV is the largest modular data layer for gaming, AI, and ∞, pioneering a future where data generates value for all. As the sole author of ERC7231, CARV has built CARV Protocol, the modular data layer which has integrated with 40+ blockchains, Google Cloud, and other identity, storage, infra and AI providers. CARV's flagship gaming superapp, CARV Play, is integrated with more than 790 web2 & 3 games and serving 2.7M+ gamers. CARV is backed by top-tier funds and ecosystems such as Temasek’s Vertex Ventures, ConsenSys (developer of Metamask), Tribe Capital, IOSG Ventures, Animoca Brands, HashKey Capital, Infinity Ventures Crypto, MARBELX, and more. For more information, users can visit carv.io. About Animoca Brands Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 400 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information users can visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok. Contact Co-Founder & COO Victor Yu CARV media@carv.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **SANTA CLARA, California, May 31st, 2024/Chainwire/--**CARV the largest modular data layer for gaming and AI, announced today a strategic investment from Animoca Brands , the company advancing digital property rights for gaming and the open metaverse. In addition, Animoca Brands will become an operator of CARV’s Tier 6 verifier nodes in support of CARV's decentralization of its data layer. Animoca Brands Animoca Brands The partnership will facilitate deeper integration and long-term synergies as they expand their respective gaming and open metaverse ecosystems. Founded as a gaming credential platform, CARV has evolved into a modular data layer protocol with strong traction from over 2.7 million users, 790 integrated games, and partnerships across major chains like Linea, BNB Chain, zkSync, and Ronin. The company has come good on its gaming credential roots by initiating ERC-7231, the standard approved by the Ethereum Community that binds multiple Web2 and Web3 identities to a single NFT, and partnering with the likes of Google Cloud and Netmarble’s web3 arm, MARBLEX . ERC-7231, the standard approved by the Ethereum Community ERC-7231, the standard approved by the Ethereum Community Google Cloud Google Cloud Netmarble’s web3 arm, MARBLEX Netmarble’s web3 arm, MARBLEX To support rapid scaling and growth, CARV is introducing community-operated verifier nodes that scrutinize outcomes at each protocol layer. These nodes are crucial for maintaining decentralization, security, and equitable value redistribution as the network expands. CARV aims to accelerate user onboarding and adoption to grow the pie for all stakeholders in its user-owned data ecosystem through partnering with Animoca Brands as a strategic node operator, relying on their experience and expertise in operating various blockchain infrastructures. Node holders will have the option for one-click delegating to Animoca Brands for node operations, ensuring network uptime and robustness. The rewards from node operations will initially be in the form of $veCARV, the staked version of CARV tokens. This also allows Animoca Brands and its portfolio of more than 400 gaming and metaverse companies to participate in CARV’s Infinite Play , a token-lock voting bribery system (CURVE & CONVEX model for gaming) for governance voting . Infinite Play Infinite Play token-lock voting bribery system token-lock voting bribery system voting voting Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “CARV’s mission to advance data self-sovereignty and the interoperability of personal assets in both Web2 and Web3 fits perfectly with the work we do at Animoca Brands. This strategic partnership with CARV will amplify our efforts to pioneer a more equitable framework via new asset classes, economies, and digital property rights. ”“This is a multi-faceted alliance between two leaders in their respective domains,” said Victor Yu, co-founder of CARV. “Through Animoca Brands’ strategic investment, its support as a node operator, and collaboration across our gaming ecosystems, we are taking a comprehensive approach over many years to come. By leveraging our modular data layer with Animoca Brands' far-reaching ecosystem, we aim to unlock new frontiers in user-owned data economies.” ”“This is a multi-faceted alliance between two leaders in their respective domains,” said Victor Yu, co-founder of CARV. “Through Animoca Brands’ strategic investment, its support as a node operator, and collaboration across our gaming ecosystems, we are taking a comprehensive approach over many years to come. By leveraging our modular data layer with Animoca Brands' far-reaching ecosystem, we aim to unlock new frontiers in user-owned data economies.” For more about CARV's highly anticipated node sale, set to begin on June 3, 2024 for whitelisted participants and June 5, 2024 for the public, users can visit https://node.carv.io . https://node.carv.io https://node.carv.io About CARV CARV is the largest modular data layer for gaming, AI, and ∞, pioneering a future where data generates value for all. As the sole author of ERC7231, CARV has built CARV Protocol , the modular data layer which has integrated with 40+ blockchains, Google Cloud, and other identity, storage, infra and AI providers. CARV CARV CARV Protocol CARV Protocol CARV's flagship gaming superapp, CARV Play , is integrated with more than 790 web2 & 3 games and serving 2.7M+ gamers. CARV is backed by top-tier funds and ecosystems such as Temasek’s Vertex Ventures, ConsenSys (developer of Metamask), Tribe Capital, IOSG Ventures, Animoca Brands, HashKey Capital, Infinity Ventures Crypto, MARBELX, and more. For more information, users can visit carv.io . CARV Play CARV Play carv.io carv.io About Animoca Brands Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023 , is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. Animoca Brands Animoca Brands Deloitte Tech Fast Deloitte Tech Fast Fortune Crypto 40 Fortune Crypto 40 High Growth Companies Asia-Pacific 2023 High Growth Companies Asia-Pacific 2023 The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox , Blowfish Studios , Quidd , GAMEE , nWay , Pixowl , Forj , Lympo , Animoca Brands Japan , Grease Monkey Games , Eden Games , Darewise Entertainment , Notre Game , TinyTap , SPORTPASS , PIXELYNX , WePlay Media , Gryfyn , and Azarus . The Sandbox The Sandbox Blowfish Studios Blowfish Studios Quidd Quidd GAMEE GAMEE nWay nWay Pixowl Pixowl Forj Forj Lympo Lympo Animoca Brands Japan Animoca Brands Japan Grease Monkey Games Grease Monkey Games Eden Games Eden Games Darewise Entertainment Darewise Entertainment Notre Game Notre Game TinyTap TinyTap SPORTPASS SPORTPASS PIXELYNX PIXELYNX WePlay Media WePlay Media Gryfyn Gryfyn Azarus Azarus Animoca Brands is one of the most active investors in Web3, with a portfolio of over 400 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information users can visit www.animocabrands.com or follow on X (Twitter) , YouTube , Instagram , LinkedIn , Facebook , and TikTok . www.animocabrands.com www.animocabrands.com X (Twitter) X (Twitter) YouTube YouTube Instagram Instagram LinkedIn LinkedIn Facebook Facebook TikTok TikTok Contact Co-Founder & COO Victor Yu CARV media@carv.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

CARV Brings On Animoca Brands As Strategic Investor And Node Operator

Whether you're new to Web3 or have been in the space for a while, there's an important question you should ask yourself: "Should I doxx myself or not?" Let's take a moment to explore what this means. At its core, doxxing is the act of sharing personal information online without someone's consent. In some cases, it's done with malicious intent. But “ ” refers to you willingly sharing public information about yourself. This might include your name, workplace, and other personal details. doxxing yourself Why would you want to doxx yourself? It's simple; being open about your identity is a matter of authenticity and credibility. It can be done to build trust with your audience, allowing people to see the face behind the brand. And it's true because if I were to buy into an NFT or Token, the very fact that the founder of the project or members of the team have doxxed themselves provides a level of trust. On the other hand, some people (like me) choose to remain anonymous for various reasons ranging from protecting themselves from online harassment or because they value their privacy. And let's be real, there's also a certain level of coolness factor to staying anonymous 😎. Things to Consider Before You Doxx Before you decide to doxx yourself, there are several things you should consider: • Are you prepared to deal with the increased scrutiny and attention that comes with being public? • Will your personal life be affected (kids, wife, parents, etc.)? • Are you ready to deal with the backlash if something goes wrong? • Will it add value to your brand or project, or do you want to do it because everyone is doing it? Do remember that there are successful people in Web3 who choose to remain anonymous, such as 0xngmi, the anonymous founder of DefiLlama. Steps to Protect Your Privacy Should you decide to go ahead with doxxing, here are a few steps to take to protect your privacy. 🔹 Consider using a nickname when revealing your identity online. This will help you maintain a degree of anonymity while still being able to engage with your audience. Just as Garga (the Co-founder of Yuga Labs) did before he got doxxed. 🔹 Be cautious about sharing personal information. Even with a nickname, you should also be mindful of what personal information you share online. Only share what is necessary & relevant, and avoid revealing sensitive information like your house address or bank account details (you might not write it on the net, but info can get revealed by the pics you post). 🔹 Keep Your Accounts Separate Consider keeping your personal and professional online accounts separate. This will help you maintain a level of privacy while still being able to engage with your audience. 🔹 Be prepared for the consequences Despite taking steps to protect your privacy, there's always a risk involved in doxxing. You may face criticism or even harassment. Be prepared for the potential consequences & have a plan in place to deal with them if they arise. Final Thoughts Doxxing can be a great way to build trust with your audience, but it's important to weigh the risks before making a decision. So, what do you think? Will you doxx or remain anonymous? And it's a wrap. If you found this insightful, do subscribe to my where I break down complex Web3 concepts and topics. newsletter Image by - Freepik

Is Doxxing Yourself Worth It?

a SWOT analysis is an evaluation of the fundamental, operational, technical, social, economic, and even to some degree administrative elements of a project. This is not a model to be used for trading purposes. (NFA, ) Note: DYOR Composed of four elements, and , a SWOT analysis framework provides excellent insight for establishing a high-level understanding of the state of a project’s well-being through the lens of a birds-eye view. Strengths, Weaknesses, Opportunities, Threats It can help formulate decisions around which areas require more attention, set performance goals, and organize a foundational understanding of where a project is headed. Rarely (if ever) used in crypto, it is time to apply this timeless method of evaluation to the digital asset space. Today, ( ) the decentralized digital asset pioneering the evolution of Web3 creative culture and governance, will get a SWOT. Apecoin APE , 💪 Strengths (Internal) (Helpful) Governance Architecture With decentralization at the forefront of its mission statement, the Apecoin ecosystem has a very creative, novel design for its governance structure. Composed of three distinct interconnected bodies, the Apecoin DAO, the Apecoin Foundation, and the Special Council distinctly resemble the structure of the US Federal Government in the sense that each body is tasked with its own independent tasks and must keep one another accountable. Coupled with the transitory system of shuffling around the administrators within the Foundation and the election processes of the Special Council, Apecoin is definitely attempting to apply intelligent democratic design principles in its governance experimentations. Strong Focus on Governance The Apecoin project is laser-focused in its domain around creating an incredible on-chain governance framework. All of the project’s activities relate to the development of a social regulatory body and the allocation of funds. By having a narrow path, more progress can get done effectively without spreading attention around everywhere. Incredible Community Few projects have sincere Web3 native communities, and none as powerful as the one the Apecoin has. The young money that flocked into the BAYC ecosystem is inadvertently correlated (even if weakly) to Apecoin, and their influence will potentially spill over further into their social circles, ultimately attracting more attention and capital over the course of time. Strongest Decentralized Brand “APE” Crypto is known for its animal hierarchies, whales, sharks, bulls, bears, and everything in between. The last cycle of 2020–2021 gave birth to a new animal spirit; partially drawn from the debacles around Gamestop and AMC, the “Ape” came to life. Literally transcending meaning, becoming a verb, a social signal of bravery, and an expression of on-chain comradery for our primitive species. Apecoin inherits this with its brand. Very Active DAO The amount of proposals and initiatives flowing through the Apecoin DAO is spectacular. Few projects have this much consistency in soliciting member opinions and publicizing their intentions. Something that deserves tremendous respect is the diligence in implementing the results of the voting and the cognizance around budget allocation. Disclaimer I have a small bag of Apecoin that is down horrendously, and it is one of the allocations I wish that I had avoided. Regardless, I will not sell and am, in fact, now considering to start increasing my position. 😞 Weaknesses (Internal) (Harmful) Participation in Governance Declining The current level of engagement with the DAO proposals is around the same as they were over a year ago. When considering that the raw amount of holders has grown substantially in the same time frame, the fact that none of them are expressing interest in helping steward the project shows an implicit disregard for its fundamental existence and, in fact signals potentially fake user metrics. Additionally, the voting takes place off-chain, meaning that participation is of no cost, further creating logical dissonance as to why this is lagging. Metrics are only On-Chain While it seems obvious that the information about a crypto project should all be reflected through on-chain data, in the case of Apecoin, this is a huge issue because of the anonymity. The nature of the project, the whale-like profile of most holders, and the already shady state of the crypto industry lead to intuitions of spoofed numbers. One that sticks out like a sore thumb, in this case, is the number of new holders; despite the ravaging drawdowns of the project’s token value, its on-chain holder amount consistently grows, implying that there is always a surplus of demand that exceeds the desire of current holder from leaving. Emissions to the Jane Goodall Legacy Foundation New-age businesses are built on principles of donations and giving back. So many companies have shifted to allocating a portion of their income to charity because society says so. It has become a defacto premise for a lot of virtue signaling and attempts to make consumers feel good about being involved with something because of its “goodwill”. Apecoin has allocated a portion of its token supply to the Jane Goodall Legacy Foundation, that is somehow related to its emission to Yuga Labs (creators of the Bored Ape Yacht Club). Over the course of the tokens emission into circulation (that will last until March of 2026) a tiny fraction will be funneled away from the real contributors and value creators into the foundation so that it can continue its work. This might be being done for some other purpose, but if so, it is not explicitly made clear. 🧐 Opportunities (External) (Helpful) Down Bad Apecoin is one of the major projects that has suffered from some of the worst performance regarding token value. The severity could have been exacerbated by the lazy distribution mechanism of enriching the BAYC NFT holders, but here the purpose is not to waste time finding who/what to blame; however, this does simultaneously present a new opportunity. The more a token depreciates in price, the more potential it has for a strong rebound in the next cycle. Governance Focus Governance is one of the most powerful applications of blockchain and other distributed ledger technologies. As the digital economy continues to evolve, having robust, proven frameworks and societies already operating with them can give Apecoin a leading position where other projects try to emulate and adopt their concepts. It is said that “Imitation is the sincerest form of flattery that mediocrity can pay to greatness” and if this prophecy comes true Apecoin will become a case study upon which future decentralized autonomous organisations are built. 😳 Threats (External) (Harmful) Misalignments of Incentives This is a very edge case that is applicable to basically every crypto project equally; however, it is worth anticipating potential discrepancies that have not been properly fleshed out yet between fungible crypto projects and NFT projects. Apecoin’s strong relationship with BAYC creates a dependency dynamic that can go awry in the event that Yuga Labs ceases its operations. Takeaway Apecoin is in a league of its own. There is actually no direct competition with Apecoin and the project positions itself with deep roots in social, governance, and finance. These are core primitives to the culture of human civilization and successfully implementing them into a decentralized digital asset is huge. Conclusion Mixed short-term signals on this one. I am extremely skeptical when I see virtue signaling. Apecoin does a lot of it. To be fair, they are aware of who and what they are marketing, so it does make sense; however, it is very unattractive to me. First, become valuable, generate money, sustain yourself, then start to consider donating… Don't bake a donation model into a project that makes nothing back . yet I really want to have faith in the project and believe that long-term Apecoin has a serious shot of becoming one of the foundational assets of the digital economy. Considering that today every project is basically using the spray and pray approach (that is honestly a colossal turn-off), the commitment of Apecoin to stay focused on non-technical, non-copycat activity is a breath of fresh air. Recently they deployed a marketplace for trading NFTs, but that didn’t seem to hinder them much or require too much effort. Blinded by degen rage and greed, I was a huge proponent of Apecoin at first; this has cost me dearly. Today the emotional wear could be obfuscating clear thinking about the project, but I remain long-term positive about them. If you know something that I don’t or feel as though I might have missed anything worth noting, please do share; I would tremendously appreciate some feedback. Thank you so much for reading, I hope this serves you well on your journey. Live long and prosper 🥂 Also published here.

The Apecoin (APE) SWOT Analysis

Apecoin (APE) SWOT বিশ্লেষণ

Die Apecoin (APE) SWOT-Analyse

El análisis DAFO de Apecoin (APE)

L'analyse SWOT d'Apecoin (APE)

एपेकॉइन (एपीई) एसडब्ल्यूओटी विश्लेषण

Apecoin (APE) SWOT 分析

에이피코인(APE) SWOT 분석

Análise SWOT da Apecoin (APE)

Apecoin (APE) SWOT Analizi

Phân tích SWOT của Apecoin (APE)

A study conducted in 2021 showed that of the 121 leading crypto companies, only five were founded by women. However, even though this number is very low, there are women that have contributed to the development of the crypto world immensely. So, how about checking who they are? Note: the last person on the list is someone who doesn’t like being public but has probably made the biggest impact on the industry. Nicole Muniz Former CEO of Yuga Labs, Yuga Labs’ strategic partner and advisor Before Nicole Muniz joined Yuga Labs, she had had the experience of working at JWT and B-Reel. She had her own creative agency called Something New that worked for such brands as Nike and EA. In the last quarter of 2021, Nicole became the CEO of Yuga Labs where she oversaw considerable initiatives of the company and assisted in not just surviving the crypto winter but launching new initiatives. Here are some milestones achieved by her in the company. Yuga Labs and BAYC become household names BAYC becomes a synonym of NFTs worldwide CryptoPunks and Meebits were acquired by Yuga Labs Yuga brings Beeple’s Web3 ecosystem Wenew under its wing The Otherside, BAYC’s metaverse was launched ApeCoin was launched and rallied to a multibillion-dollar market cap on the first day after its launch. In 2023, Muniz was replaced by Daniel Alegre in the CEO position, but she stays a strategic partner and an advisor, and it is expected that with her initiatives, she will continue playing an important role in the company. Elizabeth Stark CEO and co-founder of Lightning Labs Elizabeth Stark entered crypto not by accident. She is a computer scientist and a blockchain entrepreneur, and she used to teach courses on P2P technology and privacy at Stanford and Yale. In 2016, Stark became a co-founder of Lightning Labs, a layer-2 scaling solution for Bitcoin. In 2022, Lightning Network became available as a deposit and withdrawal method for Kraken. The same year, the company raised $70 mln to develop the Taro protocol that enables sending stablecoins across the network. Stripe made Lightning Network transactions available to several Shopify stores. 2023 is also promising to both the company and its CEO. So, MicroStrategy is going to launch some software-as-a-service products based on the Lightning Network. Some other milestones are going to be taken, too. Along with Lightning Labs, Stark also works for Coin Center, a non-profit organization, where she advocates for public policy initiatives that support cryptocurrencies. Cynthia Lummis The U.S. senator Cynthia Lummis purchased some crypto in 2013 and is one of the few senators in the U.S. Congress who supports cryptocurrency. She has always been supporting initiatives in favor of cryptocurrency adoption in the United States. Here is a short timeline of her activities in the Senate. 2021 - assistance in the preparation and launching of the Senate Financial Innovation Caucus. 2022 - assistance in the preparation and introduction of the Responsible Financial Innovation Act aimed at addressing stablecoin regulation, the tax treatment of digital assets, and other important matters in the crypto market. 2023 is expected to be a difficult year for Cynthia Lummis as her boss Sherrod Brown is a crypto opponent, and crypto firms in the USA are facing scrutiny. However, it is expected that she will stay in Congress until 2027, and thus, some support to crypto will be provided. Caitlin Long Founder and CEO of Custodia Bank Caitlin Long is a Bitcoin supporter, an entrepreneur, and a Wall Street veteran. She was a managing director for Morgan Stanley and Credit Suisse in 2016. Further, she was chairman and president of Symbiont.io, a smart contract platform, and in 2020, she launched Custodia Bank, previously known as Avanti Financial Group. Custodia is a payment system provider and a custodian of digital assets. The bank aimed at bridging the gap between the US dollar and Bitcoin, along with other digital assets. Long wanted Custodia to become a Federal Reserve Member and a Federal and Deposit Insurance Corporation Bank, but the responses to her applications were delayed. Caitlin Long remains very optimistic about the future of cryptocurrency despite all the unfavorable events and continues to be one of the most prominent spokeswomen in the industry. Meltem Demirors Coinshares’ Chief Strategy Officer Before turning to crypto, Meltem Demirors worked for multiple companies, among which we can see such names as Dow Chemical, Deloitte Consulting, and even Digital Currency Group. In 2018, she connected her career with Coinshares, the largest in Europe digital asset investment and trading group. Since 2018, she has been there in the position of Chief Strategy Officer. She is also a member of the World Economic Forum’s Global Future Council on Blockchain. Demirors takes part in many conferences, talk shows, and TV programs and continues being a protector of civil and privacy rights and blockchain as a technology that would bring equality to the entire world. Demirors believes that Bitcoin will overcome all difficulties, restart a new bull run in 2023, and reach another all-time high in 2024. She also believes that crypto shall be regulated; however, the interests of the crypto market shall be considered in the first place. Yi He Binance co-founder and the Head of Binance Labs Yi He is a Binance co-founder. She has a significant share in the company (isn’t disclosed) and was responsible for the company’s marketing strategy and brand image until 2022. Now, Yi He is the Head of Binance Labs. Yi He is a woman that made her career on her own, without owing it to her parent’s fortune or support. She grew up in a rural area in China in a very poor family. Her first job was promoting soft drinks giving free samples in front of a local supermarket. In 2012, she started working for a Chinese Television Channel as a TV show host for a travel show. In 2013, she learned about Bitcoin, and in 2014, she switched to work in the cryptocurrency industry. She also became a co-founder of OKCoin and led the startup to become the biggest crypto-to-fiat exchange in China. Further, she served as vice president of Yixia Technology, a video-sharing company. In 2017, her former colleague from OKCoin, Changpeng Zhao, invited her to join a new startup: Binance. After the company raised $15 mln in the Initial Public Offering, CZ offered Yi He to join Binance. She remembers that it was a difficult decision for her because she had to quit a better-paying job. When she finally agreed and left her position as vice president, the BNB token crashed by 50%. She served as CMO until August 2022. Now, Yi He is the head of Binance Labs, a VC arm of Binance. He is also involved in multiple charitable initiatives such as Binance Charity Foundation and Binance for Children. Even though Yi He is more reserved on social networks than CZ, she is respected in the world of cryptocurrency and is for sure one of the most influential women in the sector.

Women in Crypto

I noticed on (or should I say X) that many were wondering what happened to the Bored Ape Yacht Club and why things don’t seem so bright anymore. I am surprised that some people are surprised about it… Twitter What do they say - The higher you climb the harder you fall? At the very beginning of the NFT hype cycle - many 10k NFT PFP collections with different animals were launched. One of them back in April 2021 was the Bored Ape Yacht Club. Unlike what you may think, the collection did within minutes. In fact, it took them to do so. not sell out over a week I personally stumbled upon them accidentally. Back in those days when I was exploring the space I ended up in a Twitter Space full of ugly-looking monkey avatars (all male) speaking to each other. It felt like a very friendly place where people discussed how to contribute to their community. They spoke about creating a book club, about web3 in general, their stories of how they ended up in space, etc. Overall it was a very cozy place and I was surprised that, unlike other NFT degen spaces, no one actually spoke about alpha, the floor price, big gains, etc. Although most of them already had quite good gains seeing as by that time the BAYC floor price was already 3 (compared to the original 0.08 mint price). ETH Shortly after that Bored Ape Yacht Club would become one of the most popular NFT collections in the market that everyone was going to talk about and I would kick myself for not getting several apes back when I discovered them so I could sell them later and retire… Anyway. Let’s try to understand what happened to them with this article. Content Overview What was behind their success? More mints - more money Celebrities ANON? Not Anymore! or creating a Nazi brand?! Hot Spring 2022 NFT NYC - Summer, 2022 What did Yuga Labs do? Present Situation What was behind their success? There were different components that many argue played a role here. people thought they had missed out on a lot of NFTs that were already too expensive for an entry point (Cryptopunks, etc.) apes were affordable fair distribution - not a bonding curve (fixed mint price of 0.08 ETH) for the first time, here the holders were receiving full IP rights of their Ape utility? - the main utility was the NFT being a membership token + there was this very arguable utility for holders to draw (dicks) on the bathroom wall I may be biased - but I would argue that all the above would not matter if they had not nailed down the last point. A story that resonated with the buyers If I am not mistaken the Ape high-level story read something like this: The year is two thousand thirty everyone who aped into crypto is super-rich and extremely bored and wants to hang out with other like-minded apes. Why do I think it worked? Yeah, it’s not an amazingly well-crafted or detailed story, nothing too complex there. But as far as I remember, before them, no other project even bothered to tell a story apart from the story of “you will get rich quick”. So here at least we’ve got something. But the important thing is that in this story the people they were targeting: the degens were the heroes of the story. The story was tapping into their strong dream and desire and it made them the hero who succeeded at the end. Also using the term “aping/ape” seemed to click. More mints - more money Later on, Yuga Labs dropped 2 more collections: Bored Ape Kennel Club (airdropped to Ape holders) Mutant Ape Yacht Club in Aug 2021 These 2 drops made Yuga Labs, as well as the Bored Ape holders, richer. And now we are reaching the point where Yuga Labs and its collections grew massively! Celebrities The demand would not be so crazy and the floor prices would not skyrocket, if not for the “heavyweight shilling army” that got involved - the celebrities. Many “normies” saw a Bored Ape for the first time probably in January 2022 on the “The Tonight Show” episode from January 2022. https://youtu.be/5zi12wrh5So?t=225&embedable=true Who else was involved? Plenty of them! It was a massive marketing campaign relying on Guy Oseary connections I presume. (Guy is the founder of the management firm Maverick, whose clients include Madonna, U2, etc. who worked with Yuga Labs). All those celebrities started rocking their Apes and Mutants as PFP on their socials. As soon as they started promoting it the project became something else. The prices mooned and holding a Bored Ape became a status symbol. I would also argue that it became the turning point for the community too: it became very diverse and lost part of its vibe and unity. Essentially owning a Bored Ape became a flex. ANON? Not Anymore! Yuga Labs’ founders were anons and their identities were not public. Usually, for various reasons, that’s what many prefer in this space. But in February 2022, BuzzFeed published an revealing the identity of two of the four BAYC co-founders: Gordon Goner and Gorgamel. article The journalist and the media got a backlash from the community, as they felt doxxing people against their will was unethical and some felt that it also compromised their safety. But at least, now, people knew 2 out of 4 people responsible for making them rich… or creating a Nazi brand?! The accusations about Yuga Labs being Nazi and Racist started circulating around the end of 2021 already. https://twitter.com/Pauly0x/status/1470292926085226497?s=20&embedable=true Ryder Ripps launched a website at (getting the SEO juice) with all the concerns and details at the beginning of 2022. https://gordongoner.com/ Back then, not many seem to have paid much attention to those. There were some discussions here and there but it did not gain massive traction (spoiler it did later on… but not just yet). Hot Spring 2022 The Spring of 2022 was massive for Yuga Labs. It was packed with a few huge events that resulted in positioning the company as arguably the biggest and most powerful in the whole space. they acquired CryptoPunks and Meebits collections. On March 11, 2022, it launched the token by an entity called ApeCoin DAO. ApeCoin DAO’s council members include co-founder Alexis Ohanian, FTX’s Amy Wu, Sound Ventures’ Maaria Bajwa, Animoca’s Yat Siu and Horizen Labs’ Dean Steinbeck. On March 16, 2022 Reddit they “sold their soul to the devil” (i.e. raised a $450 million seed round from Andreessen Horowitz, Animoca Brands, LionTree, Sound Ventures, Thrive Capital, FTX, and MoonPay, etc. at a $4 billion valuation) On March 22, 2022, In they raised $320M by selling virtual land plots in its Metaverse. A plot in the Otherside Metaverse for around $5,800, plus transaction fees. May I don’t know how you feel about it, but personally, I can’t really understand why would one raise funds through VCs when they absolutely did not need to do so. Through all those mints and coin releases they already made way more than “enough” - but I guess who cares about the community and why stop at “enough”? If you can get $450M more, why not do so, right? Oh and once 2022 ended Yuga Labs’ NFT royalty income hit $100M +. Anyway, let’s see what happens to a $4B company with so many resources and celebrity endorsements + huge plans of building a game and a Metaverse… NFT NYC - Summer, 2022 Yuga Labs was the “hero” of the space at this point and the central spotlight at NFT NYC. They had organized a massive token gated Ape Party for their community with tons of celebrities and music performed by EMINEM, FUTURE, SNOOP DOGG & LCD SOUNDSYSTEM! Remember those accusations? Well… they did not get traction back then… but the bomb was dropped during the NFT NYC days… and this time it exploded! The Youtuber Philion published his video called BORED APE NAZI CLUB. https://youtu.be/XpH3O6mnZvw?embedable=true The video blew up (2M views so far) and even my “normie” friends were asking about it since they somehow stumbled upon it and watched it for the whole 1 hour… Soon enough, the whole NFT community was talking about this. The whole space was divided into 2 camps: those who believed and supported the accusations and those who dismissed them. The loudest voices among the first camp were Ryder Ripps and Pauly. And with time they got massive support and a community behind them. Those people were active on Twitter, loud, and very passionate. What did Yuga Labs do? At first, they ignored it. Then, they denied all the accusations saying those who spread the rumors were just trolls in a few interviews (honestly with so much money, I’d expect them to have a much better PR team advising the team…). Then they sued Ryder Ripps and Pauly in June 2022. I keep thinking about what would have happened if the Bored Ape community was united and loyal. If they stood up for the brand and fought for it as passionately as the accusers… Would Yuga Labs still feel the need to go to court? Well, we won’t know, since it did not happen. By the way… did I tell you what were they being sued for? The logical answer would be defamation, right? I mean, so many horrible things were told about the brand, their intentions, etc…? But no - the court document states that it’s about something else… Below is a quote from the document: In response to the Bored Ape Yacht Club’s popularity, Defendant Ryder Ripps, a self-proclaimed “conceptual artist,” recently began trolling Yuga Labs and scamming consumers into purchasing RR/BAYC NFTs by misusing Yuga Labs’ trademarks. He seeks to devalue the Bored Ape NFTs by flooding the NFT market with his own copycat NFT collection using the original Bored Ape Yacht Club images and calling his NFTs “RR/BAYC” NFTs. Brazenly, he promotes and sells these RR/BAYC NFTs using the very same trademarks that Yuga Labs uses to promote and sell authentic Bored Ape Yacht Club NFTs. He also markets these copycat NFTs as falsely equivalent to an authentic Bored Ape Yacht Club NFT. He then goes on to use Yuga Labs’ marks to promote his coming “Ape Market” NFT marketplace, which requires a person to purchase one of his infringing NFTs to join the Ape Market. This is no mere monkey business. It is a deliberate effort to harm Yuga Labs at the expense of consumers by sowing confusion about whether these RR/BAYC NFTs are in some way sponsored, affiliated, or connected to Yuga Labs’ official Bored Ape Yacht Club, in violation of the Lanham Act and related state law. I think the whole story of RR/BAYC deserves a whole separate article, so I won’t go into that and let you do the research if you’d like. I’ll probably visit the topic at some point in another article - but not in this story. Present Situation Now, let’s see where we are: Yuga Labs did release a game after all… Below is the trailer (I will leave it to your judgment) https://www.youtube.com/watch?v=5CJsAej_GWc&embedable=true Although, some . claim it’s an exact copy of another game Remember all those celebrities? Most of them are no longer using their Bored Apes or Mutants as PFPs. CNN spoke to several former MoonPay (the concierge service helping celebrities buy their Apes) employees who said they were skeptical the celebrities paid for their NFTs, because there was no evidence on the blockchain. Even more: the MoonPay and the celebrities have been sued Looks like coin is at ATL (all-time low) now Ape The floor price of NFTs keeps dropping (to be fair though almost all collections have suffered from the bear market). The SEC is investigating Yuga Labs for securities violations Ape Fest this year will be in Hong Kong During the past year, Yuga Labs executive team has gone through massive changes and many have left the project What’s Next? Only time will tell what happens to Yuga Labs in the future. Many went too far to claim that if Bored Apes fail then the whole NFT space dies… I guess we’ll have to wait and see. Also published here.

The Bored Ape Yacht Club Saga: Triumphs, Trials, and Tragedies

দ্য বোরড এপ ইয়ট ক্লাব সাগা: জয়, ট্রায়াল এবং ট্র্যাজেডি

Die Bored Ape Yacht Club Saga: Triumphe, Prüfungen und Tragödien

The Bored Apes Yacht Club Saga: triunfos, pruebas y tragedias

La saga Bored Apes Yacht Club : triomphes, épreuves et tragédies

ऊबे हुए वानर यॉट क्लब सागा: विजय, परीक्षण और त्रासदी

The Bored Apes Yacht Club Saga: 勝利、試練、そして悲劇

Bored Ape Yacht Club Saga: 승리, 시련, 비극

The Bored Apes Yacht Club Saga: triunfos, provações e tragédias

Bored Ape Yat Kulübü Efsanesi: Zaferler, Denemeler ve Trajediler

The Bored Apes Yacht Club Saga: Chiến thắng, Thử thách và Bi kịch

无聊的猿游艇俱乐部传奇：胜利、考验和悲剧

Ethereum, Solana, and several other blockchains have made it obvious that NFTs are quite in demand these days. However, Bitcoin, the oldest crypto, had to sit out the movement because its network wasn't suited for this use case. That was until 2023, and immediately gained the public's attention. Since the protocol was launched, over 8.5 million , have been inscribed, and Bitcoin registered a price boost because people are searching for exchange platforms to buy Bitcoin so they can invest in the latest digital assets introduced in the crypto world. when the Ordinals were introduced Ordinals Are Ordinals similar to NFTs? Is the hype around them worth it? Should Bitcoin investors care? This article tries to answer these questions and provide insights about the underlying technology that powers them, so you can figure out if their use cases match your needs. What you should know about Bitcoin Ordinals? Ordinals are a sort of created on the Bitcoin blockchain, allowing users to number, identify, and inscribe satoshis with information. NFTs A Satoshi is the smallest unit of Bitcoin, named after the cryptocurrency's developer Satoshi Nakamoto. One Bitcoin contains 100 million sats, which are unique and indistinguishable. However, they can be exchanged for equal value, so they are fungible similarly to the tokens from other ecosystems. What are satoshis? However, Ordinals are different from traditional non-fungible tokens, which are connected to off-chain metadata and can suffer alterations. Ordinals allow for the information to be inscribed directly on-chain. According to specialists, Ethereum's NFTs lack this feature, which made software engineer Casey Rodarmor turn to Bitcoin to develop the Ordinals protocol. Bitcoin enthusiasts believe that the new category of digital assets could trigger a shift in the Bitcoin community, which will improve the underlying . NFT technology The Ordinals protocol allows users to distinguish and track individual sats, which is crucial for developing NFTs in the Bitcoin ecosystem. Satoshis receive a unique number when new bitcoins are minted, and older ones are easily recognizable because they have smaller numbers. Let's find out more about the Ordinal Protocol We mentioned earlier that Casey Rodarmor wasn't satisfied with Ethereum's protocol for non-fungible tokens, so he turned his attention to Bitcoin when he decided to create the Ordinals. The Ordinal Protocol allows Bitcoin users to identify individual satoshis, which is a rarity considering that they are indistinguishable. Because Bitcoins are mined sequentially over time, some satoshis are older than others. If it were to analyze them from a historical point of view, the units mined during the first year of Bitcoin's existence are the most interesting ones. The same are the first coins mined during the beginning of each halving cycle. Here are the most interesting satoshis according to the rarity scheme the Bitcoin community uses. – the first ever mined satoshi in the Genesis block (there's only 1) Mythic – the first satoshi created after each halving cycle (there are 5 so far) Epic – the first satoshi mined after a difficulty adjustment period (there are 3,437) Rare – the first satoshi in each mined block (there are over 6 million units) Uncommon – all the other sats, other than the first satoshi in each block (over 2 quadrillions) Common It's easy to understand why the Ordinal protocol is fascinating, considering that there are so many rare satoshis that allow Bitcoin users to develop digital assets. What are Ordinal's use cases? Altcoins promote themselves as better than Bitcoin because most people search for Bitcoin exchange platforms where to buy Bitcoin in exchange for Altcoins to make profits and investment reasons and also Altcoins have broader use cases. Ordinals were developed to provide Bitcoin with an extra use case, so it could help it keep up with the market's evolution. The fact that the protocol allows users to identify individual satoshis is quite interesting. Many crypto enthusiasts find collecting rare satoshis fascinating because they believe that these special units are quite valuable. The Ordinal Protocol does more than allow them to identify satoshis; it also enables the users to inscribe the units with extra data. You may wonder what inscription means because NFTs don't have this feature. The process is similar to drawing a unique model on old-school coins. When someone famous draws on the satoshi, or the model is unique, the unit gains extra value and can be traded for Bitcoins. Many Ordinals lack complex models, and therefore they don't value much. But some NFT companies have joined the trend and launched collections of unique artworks on Ordinals. For example, Yuga Labs launched the collection TwelveFold, which includes 300 artwork pieces that are worth $16.5 million. The average Ordinal is inscribed with art, text, or profile pictures, but developers constantly look for other ways to boost their value. A comparison between Ordinals and NFTs Altcoins like and have led the NFT boom. NFTs have gained popularity among the public because they rely on smart contracts, which are computer programs that run pieces of code when a set of conditions are met. Bitcoin has smart contracts, but they're less elevated than those from other blockchains, and therefore, it needs the necessary technology to power NFTs. Ethereum Solana Traditional NFTs are created as new tokens developed on their native blockchains, but Ordinals are tools that repurpose satoshis. Therefore, Ordinals are different from well-known non-fungible tokens. Casey Rodarmor stated that he prefers to use the term digital artifacts to refer to Ordinals because it's closer to their use. Ordinals are fully on-chain, while non-fungible tokens store content using an InterPlanetary File System. Therefore, Bitcoin users have full control and ownership over their Ordinals. No one can alter them as long as they're homed on the . Bitcoin ecosystem Why is there so much buzz around Ordinals? Adding digital assets similar to non-fungible tokens to the Bitcoin mainnet challenges crypto users of the oldest cryptocurrency. Bitcoin has always been a shield against inflation and has separated itself from the other digital currencies. Adding to its ecosystem, a category of assets similar to the other blockchain sends signals that it could enter the mainstream, and investors don't know what to think about it.

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