Ethereum Watch

On Saturday, April 30th, Bored Ape’s creators Yuga Labs broke Ethereum. Their new metaverse-inspired project, Otherside sold plots of virtual land to a roaring crowd of people yelling “Shut up and take my money!” In this case, the currency in question was the recently created ApeCoin. However, since Ethereum hosts ApeCoin and the land NFTs, […]

Advertisements Quick take: The Otherside Metaverse NFT mint spearheaded by Yuga Labs is thus far the largest in blockchain history 55,000 Otherdeeds NFTs were sold for a flat rate of 305 Apeocin, raising $320 million using an APE value of around $19 The mint congested the Ethereum network raising network fees to as high as […]

Advertisements Summary: Ethereum miners made $87.664 million in a single hour during the Otherside Metaverse NFT mint, a possible all-time high During the same time period, Ethereum users paid a median fee of $4,830 per transaction Almost 64k Ethereum ($176.66 million) in transaction fees was used during the Otherside Metaverse mint of 55k Otherdeed NFTs […]

Advertisements Quick take: Binance has suspended the Apecoin (APE) lending function due to excessive demand Apecoin is now the third-highest liquidated coin after Bitcoin and Ethereum The 24-hour trade volume of Apecoin is now fourth after Tether, Bitcoin, and Ethereum Apecoin could very well be on a path toward exceeding its all-time high of $39.40 […]

Advertisements Quick take: The floor price of Bored Ape Yacht Club NFTs has hit a new all-time high of 138.5 Ethereum (ETH) Trade volume has also increased by 181.95% in a week. The increment in floor price and trade volume is attributed to the announcement of the BAYC metaverse The BAYC Metaverse, known as Otherside, […]

Advertisements Quick take: Yuga Labs has released a teaser trailer of its yet to be launched Bored Ape Yacht Club metaverse The trailer was released via Twitter with a caption that suggests an April launch The trailer of the BAYC metaverse showcases other NFTs such as Mutant Ape Yacht Club, Cool Cats, CryptoPunks, CrypToadz, Meebits, Nouns, […]

Advertisements Quick take: 14 Ethereum addresses with no NFT history purchased 159 Meebits between March 5th and March 11th These purchases were before Yuga Labs acquired the Meebit collection created by Larva Labs The transactions have raised accusations of insider trading However, NFTs and cryptocurrencies are yet to be fully regulated 14 new Ethereum (ETH) […]

Advertisements Quick take: ApeCoin (APE) has had an eventful first day of trading hitting an all-time high of $39.40 and a low of $6.48 APE has since stabilized at $7.44 after being listed on Gemini, FTX and Binance However, if history is used as a guide, ApeCoin (APE) could experience more losses before prices stabilize […]

Advertisements Quick take: Yuga Labs is planning virtual land sales this month and later in August The goal is to raise hundreds of millions of dollars as part of its metaverse initiative to expand beyond NFTs Yuga Labs aims to create a gaming metaverse, named MetaRPG MetaRPG will be compatible with other NFTs and powered […]