Bored Ape Yacht Club

ApeCoin price eyes 45% rally following Otherside metaverse demo

APE has been pursuing a rare ascending triangle reversal breakout, with its profit target at $8.40.

ApeCoin (APE) rallied to start the week as traders considered Yuga Labs’ decision to open its Otherside metaverse for selected users. In doing so, the token broke out of a technical pattern that hints at another 45% price rally by September 2022.

Otherside metaverse euphoria

APE’s price surged by almost 23.5% week-to-date to reach $6.12 a token on July 19.

The weekly gains came as a part of a rally that started on July 16. Interestingly, Yuga Labs invited 4,300 players of its Otherside gaming metaverse for a demo — and the tour of its Bored Ape avatar online platform — on the day of APE’s rally.

APE/USD daily price chart. Source: TradingView

That suggests traders purchased APE after taking cues from the Otherside update, given it serves as a governance token at ApeCoin DAO. This decentralized autonomous organization (DAO) powers the ecosystem of apps and services deployed by Yuga Labs and third-party brands, including Otherside.

APE price eyes 45% rally

The Otherside euphoria has also prompted APE to exit a technical setup called the ascending triangle.

Ascending triangles are typically considered continuation patterns. Nonetheless, in rare instances, ascending triangles form at the end of a downtrend, leading to a strong price reversal.

Related: Time to accumulate? 5 sectors to watch during crypto winter

It appears APE’s ascending triangle had formed at the end of its downtrend. That is because the token rallied by over 100% after bottoming out locally near $3.00 on June 15, followed by a break above the triangle’s upper trendline near $5.22 on July 18.

APE/USD daily price chart featuring ‘ascending triangle’ reversal setup. Source: TradingView

As a rule of technical analysis, a breakout originating from an ascending triangle pushes the price north by as much as the maximum height between the triangle’s upper and lower trendline. That puts APE on the road to $8.40, up about 45% from current price levels.

Conversely, a close below the triangle’s upper trendline could trigger the prevailing bearish breakdown setup, with the profit target sitting below $3.50.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Yuga Labs warns of ‘persistent threat group’ targeting NFT holders

The warning comes only days after hackers compromised the website of Premint NFT, making off with more than 300 NFTs and $375,000 of Ether.

Bored Ape Yacht Club (BAYC) creator Yuga Labs has warned there may soon be a “coordinated attack” targeting multiple nonfungible token (NFT) communities.

The NFT company told its Twitter followers on Tuesday that its security team has been tracking a “persistent threat group” targeting the NFT community through compromised social media accounts, urging followers to be on the lookout.

This isn’t the first time the company has warned its community of a possible social media-led attack by hackers.

Not the first, not the last

In June, Gordon Goner, pseudonymous co-founder of Yuga Labs, issued a warning of a possible incoming attack on its Twitter social media accounts.

Soon after the warning, Twitter officials began monitoring activity on the accounts and fortified their existing security. Goner told investors that the company would never conduct surprise mints, a popular method attackers use to lure victims.

The month also saw two official Discord groups linked to BAYC and OtherSide NFTs were compromised, allowing scammers to share various phishing links into the official BAYC, Mutant Ape Yacht Club and OtherSide groups on discord.

Cointelegraph asked Yuga Labs for more details about the “persistent threat group” and the potential attack but did not receive an immediate response.

Premint NFT website hacked

Yuga Labs’ new warning comes only days after threat actors hacked popular NFT platform Premint NFT, stealing approximately 314 NFTs and $375,000 in Ether (ETH), making it one of the largest NFT hacks in 2022.

Premint is an NFT whitelisting service that helps NFT artists access a large number of verified NFT collectors quickly, whitelisting them for new NFT projects. The NFT services platform touts more than 12,000 NFT projects and a database of more than 2.4 million collectors.

According to blockchain security firm Certik, the thefts occurred on Sunday after hackers inserted malicious code into Premint’s website.

The code created a pop-up that prompted users to verify their wallet ownership but instead gave hackers the permissions necessary for them to transfer NFTs from their victim’s wallets.

Related: NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security

Six wallets have been identified as falling victim to the attack, containing NFTs including Bored Ape Yacht Club, Otherside, Oddities and Goblintown.

Premint said it would continue to “dig into the incident” and reminded users that they would never be asked to sign any kind of transaction on the platform.

The platform has also changed in light of the attack, allowing users to log in without their wallets — which they claim will be safer and more convenient.

Otherside Metaverse demo kicks off with 4,500 participants: highlights

The highly anticipated first trip into the Otherside Metaverse went off with 4,500 users, as the project’s Otherdeed NFTs surpassed $1 billion in sales.

Around 4,500 people have jumped into the “first trip” tech demo of the Otherside Metaverse project associated with Yuga Labs’ Bored Ape Yacht Club (BAYC).

The highly anticipated first trip occurred on Saturday and was open to Otherdeed nonfungible token (NFT) land owners, known as Voyagers, who have all snapped up tokenized land plots in the Otherside virtual world. It appears to have been a resounding success, with numerous community members taking to Twitter to express their enthusiasm for the event.

The first trip

The 4,500 Voyagers first joined a blank virtual lobby as Voyager avatars before they all followed a giant Bored Ape through a colorful portal into the Otherside Metaverse. Once the Voyagers arrived in a location called the Biogenic Swamp, they were directed toward a centrally located stadium where they could test out the avatar dynamics such as dancing, running, jumping and emojis.

From there, they were able to explore a few other select areas and interact with the environment, which featured giant creatures that were walking around attacking Voyagers if they got too close.

In the early testing phases of the project, which includes several “trips,” Yuga Labs stated that only Otherdeed owners and third-party developers would be able to access Otherside. The team noted that these Voyagers would be able to provide critical feedback on the platform and essential aspects such as software development kits and in-game building tools.

Otherside Metaverse: Yuga Labs

Lite paper

Shortly after the first trip went live, Yuga Labs released a lite paper giving a brief of the principles behind Otherside and how the project will progress moving forward. Initially, there will be three phrases. However, only the first one has been outlined so far.

The first phase will include an 11-part storyline game mode surrounding a “mysterious Obelisk” that has appeared in Otherside. The game mode will also allow users to explore what can “be harvested, crafted, traded, bought, and sold” in the game.

“Voyagers will play a large role in shaping the core capabilities of the platform through exclusive events, playtesting opportunities, and as co-developers of our Otherside Development Kits (ODKs),” the lite paper reads, adding that:

“In order to plant the seeds for a successful community, we are starting development on Otherside with Voyagers, who are our first adopters and believers. They are a crucial part of Otherside’s history and are invited to join the Voyager’s Journey.”

In terms of principles, Yuga Labs stated that the platform is being designed with a community-first approach, “genuine” asset ownership, and interoperability that will see the support of NFTs from other projects. The team also hopes to include incentives and support such as education, experience, and leadership from partnered entities that are well “established and respected” in the crypto space.

Related: Believe it or not, metaverse land can be scarce after all

Otherdeed NFTs

The Otherdeed NFTs have seen strong demand since their launch in May, with the collection generating more than $1 billion worth of sales volume in just three months, according to data from CryptoSlam. In terms of all-time sales, the figure placed Otherdeed as the seventh highest selling NFT project ever.

Yuga Labs also notably has a strong foothold in the top 10, with its other original projects, BAYC and the Mutant Ape Yacht Club (MAYC), ranked as the third and fourth highest selling NFT projects of all time at $2.3 billion and $1.6 billion worth of sales apiece.

There are 200,000 plots of tokenized land in Otherside, and the floor price of the NFTs on OpenSea is sitting at 2.87 Ether (ETH), worth roughly $3,900 at the time of writing. However, these prices are generally for the smaller and lower-tier land plots.

Hundreds of Bored Ape owners sign up to hire out their NFTs to brands

“A brand can hit HIRE on an ape, and we will bring the deal to the ape’s owner if both parties agree — and only if — the deal moves forward,” said Mouse Belt co-founder Patrick McLain.

Hundreds of Bored Ape owners have signed up to a new nonfungible token (NFT) licensing marketplace that enables hodlers to rent out their Apne’s IP to brands.

Blockchain accelerator Mouse Belt Labs launched the marketplace called Boredjobs, claiming that it will list all 10,000 BAYC NFTs on its website for brands to browse through and “indicate interest in hiring for campaigns.”

Of course, 10,000 Apes won’t be available to hire unless the respective BAYC owners sign up and confirm ownership to view offers.

“The Bored Ape Yacht Club gave its owners a fantastic opportunity to utilize the IP rights of the NFTs they purchased. Unfortunately, they did not provide them with an instruction manual on how to put them to work. Bored Jobs is creating that instruction manual,” the announcement reads.

Mouse Belt co-founder Patrick McLain told Cointelegraph that within 24 hours of launching on Wednesday, the platform had already received more than 200 applications from BAYC owners wanting to verify their ownership. Commenting on how the platform works, McLain stated that:

“We are simply adding a way to connect brands with Apes because currently, there is no easy way for the parties to message each other. Deal terms or if there is even a deal, license terms, details, etc., will be 100% negotiated between the two parties.”

“A brand can hit HIRE on an ape, and we will bring the deal to the ape’s owner if both parties agree — and only if — the deal moves forward,” he added.

Unlike many NFT projects, Bored Ape Yacht Club provides the owners with the commercial rights, and hodlers are using them in creative ways. Hollywood actor Seth Green (Robot Chicken) is using his ape as the main character in an upcoming TV show. In April, food entrepreneur and BAYC NFT owner Andy Nguyen also decided to launch a BAYC-themed restaurant named Bored & Hungry in Long Beach, California.

There’s even a virtual metaverse band called KINGSHIP that launched late last year and is utilizing four BAYC avatars to represent the band members.

Questioned on how Apes will be utilized by brands, McLain stated it could be as “simple as a small business wanting to make an Ape the face of their coffee brand,” or as part of large-scale marketing campaigns from large businesses:

“It could be a large box retailer running a marketing campaign aimed at that demographic, could be a video game company that wants to ‘drop’ pre-made characters into their game for a simple rate or could be a musician who doesn’t own an ape but wants to partner with one.”

Related: Eminem and Snoop Dogg turn into BAYC chars in new music video

McLain also noted that Mouse Belt will expand to support other top-tier NFTs projects now that it has got the concept off the ground.

“Now that we have a baseline, we expect to add Mutant Apes in about two weeks, Gutter Cats in about four weeks and Crypto Punks in six weeks. In fact, we’ve already made top videos for these communities in the past,” he said.

Mouse Belt primarily focuses on creating crypto-focused media content. In August last year, it launched the “Coins Podcast” docu-series on YouTube that features key figures in the space such as FTX founder and CEO Sam Bankman-Fried and Cardano co-founder Charles Hoskinson.

Nifty News: Lacoste’s luxury DAO, Bill Gates slams Bored Apes and more

Bill Gates has slammed “expensive digital images of monkeys” while an NFT trader made a 921.12 ETH profit on a BAYC NFT overnight.

Lacoste launches NFTs and DAO

Accessible luxury brand Lacoste has launched a nonfungible token (NFT) project named Undw3 that includes a new decentralized autonomous organization (DAO) that will offer token holders voting power on certain products and business partnerships.

There are 11,212 NFTs in total — in a nod to the firm’s popular polo shirt L1212 — that were sold for a mint price of 0.08 Ether (ETH) or roughly $96 each on June 14.

The NFTs depict an animated alligator that pokes the top of its head out from underwater. The collectibles appear to have had reasonable demand, as the floor price on OpenSea has since more than doubled to 0.193 ETH, or $233 at the time of writing.

The company has yet to release the full details of its roadmap and the utility offered to NFTs hodlers but has confirmed that the DAO will enable users to participate in the “creative process” on a range of products and partnerships under the Lacoste Underwater line.

Holders will also have access to unique customization features on Lacoste’s clothing line. However, it is unclear if they will have to fork out the money for the products or if they will receive a certain amount of freebies.

Lacoste also hinted via Twitter that it could be looking at metaverse integrations as well, but noted “we can’t say more about it except: be ready ser.”

Not everyone liked the idea of performing Creational Labor.

“So in return for the purchase of your NFT you will receive my creative customization ideas for free? And I still have to purchase the customized clothing I create? Plus I have to attend meetings? Not sure how I benefit from anything here…” questioned OffKeyMagazine on Twitter.

921 ETH profit on Bored Ape

Despite the floor price of Yuga Labs’ Bored Ape Yacht Club NFT project falling to around 86 ETH this week, or under $100,000, investor BoredWEB3 paid an eye-watering 1,024 ETH, $1.22 million at the time of writing, for Ape #7537 on June 15.

The trade marks a 921.12 ETH profit for seller DB1C00, or roughly $914,000, as they purchased the NFT for 102.88 ETH worth 305,553 on March 22. Before that, the NFT went for a mere 40.99 ETH eight months ago.

BAYC NFT #7537: DappRadar

It is unclear what prompted someone to spend over $1 million on a single NFT amid a bear market. Still, the BAYC NFT has relatively rare properties including a police motorcycle helmet (1% have this trait), Bandolier (2% have this trait) and closed eyes (7% have this trait). 

Bill Gates not convinced by tokenized apes

Microsoft co-founder and billionaire Bill Gates has slammed NFT projects as being “based on the greater-fool theory. ”

He made the comments while speaking at a climate conference in California on Tuesday hosted by TechCrunch. In this instance, he noted that he was neither long nor short the entire sector and sarcastically stated:

“Obviously, expensive digital images of monkeys are going to improve the world immensely.”

Gates is a well-known crypto skeptic that has slammed Bitcoin (BTC) on multiple occasions, and recently in February, he warned investors that unless they have as much money as Elon Musk, they should stay away.

“I’m not bullish on Bitcoin, and my general thought would be: If you have less money than Elon, you should probably watch out,” he said.

Related: NFT ticketing may catch on faster in France after UEFA championship debacle

Colorado Governor is fundraising via NFT sales

Colorado Governor Jared Polis launched 2,022 NFTs as part of a fundraising campaign in the lead-up to the Colorado gubernatorial election in November.

The NFTs depict Polis standing in front of a rainbow-colored mountain, a pair of hanging sneakers and his dog Gia who has red lasers firing out of her eyes. The tokens were rolled out on Monday and are priced at $52.80 apiece.

At the time of writing, there are still 1895 NFTs up for sale, and if they sell out, Polis will have raised roughly $118,893 from this fundraising initiative.

Other Nifty News

OpenSea announced on Tuesday that it will be migrating to Seaport. Among many perks, the protocol says it will feature lower gas fees, the ability to make offers on entire collections, removal of new account initialization fees and more user-friendly signature options.

The United States Securities and Exchange Commission (SEC) has reportedly launched a probe to discover how crypto exchanges and potentially NFT platforms are working to prevent insider trading.

Nifty News: Lacoste’s luxury DAO, Bill Gates slams Bored Apes and more…

Bill Gates has slammed “expensive digital images of monkeys” while an NFT trader made a 921.12 ETH profit on a BAYC NFT overnight.

Lacoste launches NFTs and DAO

Accessible luxury brand Lacoste has launched an NFT project named “Undw3” that includes a new decentralized autonomous organization (DAO) that will offer token holders voting power on certain products and business partnerships.

There are 11,212 NFTs in total — in a nod to the firm’s popular polo shirt L1212 — that were sold for a mint price of 0.08 Ether (ETH) or roughly $96 a pop yesterday.

The NFTs depict an animated alligator that pokes the top of its head out from underwater, and the collectibles appear to have had reasonable demand as the floor price on OpenSea has since more than doubled to 0.193 ETH ($233).

The company is yet to release the full details of its roadmap and the utility offered to NFTs hodlers, but has confirmed the DAO will enable users to participate in the “creative process” on a range of products and partnerships under the Lacoste Underwater line.

Holders will also have access to unique customization features on Lacoste’s clothing line, however it is unclear if they will have to fork out the money for the products or if they will receive a certain amount of freebies.

Lacoste also hinted via Twitter that it could be looking at Metaverse integrations as well, but noted “we can’t say more about it except: be ready ser.”

Not everyone liked the idea of performing Creational Labor.

“So in return for the purchase of your NFT you will receive my creative customization ideas for free? And I still have to purchase the customized clothing I create? Plus I have to attend meetings? Not sure how I benefit from anything here…” questioned OffKeyMagazine on Twitter.

921 ETH profit on Bored Ape

Despite the floor price of Yuga Labs’ Bored Ape Yacht Club NFT project falling to around 86 ETH this week (under $100K) investor BoredWEB3 paid an eye-watering 1,024 ETH ($1.22 million) for Ape #7537 overnight.

The trade marks a 921.12 ETH profit for seller DB1C00, or roughly $914,000 in fiat terms, as they purchased the NFT for 102.88 ETH worth 305,553 on March 22. Before that, the NFT went for a mere 40.99 ETH eight months ago.

BAYC NFT #7537: DappRadar

It is unclear what prompted someone to spend over $1 million on a single NFT amid a bear market, butthe BAYC NFT has relatively rare properties including a police motorcycle helmet (1% have this trait), Bandolier (2% have this trait) and closed eyes (7% have this trait). 

Bill Gates not convinced by tokenized apess

Microsoft co-founder and billionaire Bill Gates has slammed NFT projects as being “based on the greater-fool theory. ”

He made the comments while speaking at a climate conference in California on Tuesday hosted by TechCrunch, and in this instance he noted that he was neither long nor short the entire sector, and sarcastically stated:

“Obviously, expensive digital images of monkeys are going to improve the world immensely.”

Gates is a well-known crypto skeptic that has slammed Bitcoin (BTC) on multiple occasions, and recently in February, he warned investors that unless they have as much money as Elon Musk, they should stay away.

“I’m not bullish on Bitcoin, and my general thought would be: If you have less money than Elon, you should probably watch out,” he said.

Related: NFT ticketing may catch on faster in France after UEFA championship debacle

Colorado Governor is fundraising via NFT sales

Colorado Governor and Democrat Jared Polis launched 2,022 NFTs as part of a fundraising campaign in the lead-up to the Colorado gubernatorial election in November.

The NFTs depict Polis standing in front of a rainbow-colored mountain, a pair of hanging sneakers and his dog Gia who has red lasers firing out of her eyes. The tokens were rolled out on June 13 and are priced at $52.80 apiece.

At the time of writing there are still 1895 NFTs up for sale, and if they sell out Polis will have raised roughly $118,893 from this fundraising initiative.

Other Nifty News

OpenSea announced on Tuesday that it will be migrating to Seaport. Among many perks, the protocol says it will feature lower gas fees, the ability to make offers on entire collections, removal of new account initialization fees and more user-friendly signature options.

The Securities and Exchange Commission (SEC) has reportedly launched a probe to discover how crypto exchanges and potentially NFT platforms are working to prevent insider trading.

NFT trading volume surges amid market and floor price crash

Eight of the top 10 NFT projects have posted at least a 115% increase in 24-hour trading volume as the floor prices of many top NFT collections tumble.

Nonfungible token (NFT) trading volume has surged over the past 24 hours as crypto markets tank taking floor prices of many top NFT collections along with it.

A long list of top NFT projects such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Crypto Punks and Sorare have all seen more than 100% increases in 24-hour trading volumes as investors look to snap up cheaper NFTs as floor prices tumble.

According to data from CryptoSlam, eight of the top 10 NFT projects in terms of 24-hour sales volume have posted at least a 115% increase in trading volume, with the only projects falling under that mark being Goblintown at 35.54% and Moonbirds at 64.11%.

Leading the pack is Yuga Labs’ BAYC NFTs, with a 262.79% surge over the past 24 hours to account for $7.1 million worth of sales.

Notably, the following three highest-ranked projects are also owned by Yuga Labs, with MAYC, Otherdeed and CryptoPunks posting 173.49%, 157.88% and 122.69% surges in 24-hour trade volume to represent $3.4 million, $2.6 million and $2.5 million worth of sales, respectively.

24 hour trade volume: CryptoSlam

Data from DappRadar also shows that OpenSea marketplace has been the biggest beneficiary of the increased trading volume over the past 24 hours, with the platform posting a 173.43% gain in trading volume for a total of $23.88 million worth of sales.

However, the number of traders on the platform also decreased by 15.39% to 29,300 within that same time frame, suggesting that only a small number of investors with relatively deep pockets are making moves.

Related: Crypto winter survival guide: Community shares game plan for the bear market

It is also worth noting that even as projects such as the BAYC and CryptoPunks have seen their floor prices drop to 82.5 Ether (ETH), or $96,700, and 47 ETH, or $54,800, at the time of writing — down from their all-time highs of 153.70 ETH and 123 ETH — investors are still snapping up assets above the floors.

In the past 24 hours, CryptoPunks #8620 and #5690 went for 275 ETH apiece, or $327,000 at current prices, while BAYC NFTs #393 and #3441 sold for 118 ETH, or $140,000, and 105 ETH, or $124,000.

Nifty News: Kraft Foods files for NFT and metaverse patents, Seth Green gets his ape back and more

Kraft’s NFT and metaverse trademarks cover a long range of potential services, including a virtual restaurant where users can earn rewards and virtual assets.

American food manufacturing and processing giant Kraft Foods Group has filed nonfungible token (NFT) and metaverse patents for several of its popular brands. 

The firm joins a host of mainstream companies such as Gatorade, Nike, Adidas and Coca-Cola that have moved to secure their products and branding in the crypto/virtual sphere.

According to a Monday Tweet from the United States Patent and Trademark Office (USPTO) licensed trademark attorney Mike Kondoudis, Kraft Foods has locked in trademarks for Jell-O, Kool-Aid, Velveeta, Lunchables, Oscar Mayer, Philadelphia and, of course, the Kraft brand.

The firm’s NFT and metaverse trademarks cover a long range of potential services and products, including a virtual restaurant where users can earn rewards and virtual assets, virtual food and drinks, NFTs and NFT-backed media and marketplaces for virtual goods and NFTs.

At this stage, it is unclear if Kraft will look to roll out any virtual offerings or promos soon or if it is just looking to lock trademarks ahead of time. One of its brands already made a small play last year, however, with the beloved hot dog manufacturer Oscar Mayer auctioning off a pack of Dogecoin- (DOGE)-themed “Hot Doge Wieners” via eBay in August 2021 that came with 10,000 DOGE for free.

Seth Green reunited with his ape

Seth Green has finally been reunited with the Bored Ape Yacht Club (BAYC) NFT that was swiped from him via a phishing scam, with the Hollywood actor and Robot Chicken co-creator stating that Ape #8398 “is home.”

After Green initially had his NFT stolen a month ago, the scammer sold it to user DarkWing84 for 106.5 Ether (ETH) or $144,000 at the time. Green immediately reached out to the buyer to sort out a deal online, with the NFT, which he named Fred Simian, having particular importance, as its underlying IP is being utilized to create an animated cartoon show.

It appears there must have been a lengthy negotiation process, as the NFT didn’t get back to the actor until late last week.

As the NFT was locked and unable to be purchased on OpenSea due to it being stolen, Green paid 165 ETH, worth roughly $224,300 at the time of writing, via crypto escrow platform NFT trader to get his token back, suggesting he paid tip of nearly 60 ETH to Darkwing84 who returned the NFT in good faith.

Jim Carrey tokenizes original artwork for charitable causes

Iconic actor and comedian Jim Carrey is auctioning off an original tokenized art piece dubbed Sunshower via SuperRare, with all proceeds going to a nonprofit that supports food banks across the U.S. called Feeding America.

Apart from being known across the globe as a comedic actor, Carrey is also a respected artist who creates anything from physical paintings and illustrations to fully animated pieces.

Related: Pennsylvania pharmacist feeds thousands of homeless using crypto

The Sunshower NFT depicts an animated version of a vibrant acrylic canvas painting in which rain and bright color washes over a man’s face, with a spoken-word piece being played in the background.

At the time of writing, the auction has one and half days to go, with the highest bid so far totaling 42.35 ETH, or roughly $57,500.

NFT trading volume plunges

According to NFT data aggregator CryptoSlam, four of the top five blockchains in terms of sales volume have seen double-digit drops over the past seven days.

Within that time frame, trading volume on industry leader Ethereum is down 28.85% to $176.5 million, while second-placed Solana has also seen volume drop 13.71% to $24.9 million.

The biggest losers over the past week are third-ranked Binance Smart Chain and fifth-ranked ImmutableX, with a whopping 46.59% and 58.63% plunge to account for $4.1 million and $1.3 million worth of volume a piece.

The only blockchain in the top five not to net yet hit a double-digit drop is the Flow network, which has taken a 9% to account for $3.1 million worth of NFT sales volume.

Other Nifty News

Gordon Goner, pseudonymous co-founder of Yuga Labs, issued a warning on Saturday about a possible incoming attack on their social media accounts under the Yuga Labs umbrella after receiving “credible information” that an insider from Twitter would help bypass the security of the accounts.

Global payments tech giant Mastercard has partnered with a number of leading NFT marketplaces to allow 2.9 billion cardholders to directly make NFT purchases without buying crypto first.