Last week, an NFT trader named Todd Kramer made a simple plea on Twitter.“I been hacked,” he wrote. “All my apes gone. This just sold please help me.”Kramer was referring to his cache of Bored Ape Yacht Club non-fungible tokenss – now the single most valuable franchise of crypto collectibles. They’ll run you about $276,000, at the cheapest, and Kramer had eight of them, along … [Read more...] about Ape Theft Is an Expensive Way to Learn About Crypto’s Security Philosophy
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Eminem joins Bored Ape Yacht Club with $450,000 NFT purchase
Popular rapper Marshall Mathers, better known as Eminem, has joined the ranks of non-fungible token (NFT) enthusiasts as he bought Bored Ape Yacht Club #9055 for 123.45 Ethereum (roughly $453,000 at the time) over the past weekend.The OpenSea account that did the buying, titled Shady_Holdings (a nod to Eminem’s hit song The Real Slim Shady), was created just three days … [Read more...] about Eminem joins Bored Ape Yacht Club with $450,000 NFT purchase
NFT Project Bored Ape Yacht Club Spawns ‘Left-Facing’ Copycats
It’s a Bored Ape face-off.On Wednesday, two Bored Ape Yacht Club (BAYC) parody projects gained momentum on crypto Twitter, igniting plagiarism accusations, several trading bans and a robust supply of ape-themed memes.The two collections – both named PHAYC, a play on “fake” and “BAYC” – appear to be identical copies of the original BAYC collection, but with each ape’s profile … [Read more...] about NFT Project Bored Ape Yacht Club Spawns ‘Left-Facing’ Copycats
Oscar-Winning Rapper Eminem Purchases Bored Ape Yacht Club NFT for $462K
Award-winning rapper Eminem has joined the Bored Ape Yacht Club (BAYC), purchasing one of the non fungible token (NFT) apes Thursday on the OpenSea platform for 123.45 ether, nearly $462,000. Eminem quickly made the ape, who wears a brown military-style hat, hip hop clothing and dazed expression, his Twitter profile picture.The Detroit native has acquired about 20 NFTs on … [Read more...] about Oscar-Winning Rapper Eminem Purchases Bored Ape Yacht Club NFT for $462K
Could Bored Ape Yacht Club flip CryptoPunks?
Rising from its modest minting price of 0.08 Ether (ETH), Bored Ape Yacht Club (BAYC) has climbed to nonfungible-token (NFT) stardom, competing with one of the earliest examples of Larva Labs CryptoPunk NFT. Given its steady but amplified growth, BAYC has many crypto natives speculating that its collection will eventually “flip” CryptoPunks, and there are several reasons to … [Read more...] about Could Bored Ape Yacht Club flip CryptoPunks?