March 21, 2022       /       Unchained Daily       /       Laura Shin

Daily Bits ✍️✍️✍️

  • DAO treasuries are worth $9.5 billion across Ethereum and Solana.

  • ConsenSys founder Joe Lubin estimates that The Merge will happen in Q2.

  • Someone claimed $1.1 million in APE by borrowing five Bored Ape Yacht Club NFTs from NFTX and sending them back in one transaction.

  • Ukrainian crypto exchange founder Michael Chobanian is claiming that Binance is working with the Russian government.

  • A data breach at Hubspot led to customer information from BlockFi, Swan Bitcoin, and Pantera Capital being exposed.

  • $500 million in ETH was withdrawn from exchanges last week.
  • How much should Ethereum core developers be paid? Twitter had many opinions.

Today in Crypto Adoption…

  • The issuance of El Salvador’s Bitcoin Bond appears to be delayed.

  • Tom Brady gave a shoutout to Vitalik Buterin over the weekend.

The $$$ Corner…

  • Com2uS, a Terra blockchain gaming platform, raised $25 million in a private token sale valuing the firm at $500 million.

  • MaiCoin, the largest crypto exchange in Taiwan, is reportedly raising a funding round at $400 million.

What Do You Meme?

What’s Poppin’?

More BAYC Content

 

“See you on the Otherside in April,” tweeted Bored Ape Yacht Club creator Yuga Labs on Friday in a teaser for what looks to be a new metaverse project.

The tweet included a minute and a half long video following the journey of a BAYC Ape after it chugs a potion labeled “Don’t Drink Me” and takes a psychedelic adventure across a dystopian metaverse landscape. Notably, the video includes references to a few other popular NFT projects, including Mutant Ape Yacht Club, Cool Cats, CryptoPunks, CrypToadz, Meebits, Nouns, and World of Women.

 

The tweet and video finalized a crazy two-week span for Yuga Labs. On March 11th, Yuga announced the purchase of CryptoPunks and Meebits IP and commercial rights from Larva Labs. Just a few days later, Yuga Labs helped facilitate the reveal and subsequent airdrop from ApeCoin – which is now the official coin of Bored Ape Yacht Club and a secret projectcurrently under development by Animoca Brands.

 

Bonus Recommended Read: CryptoPotato on how minting a Bored Ape Yacht Club NFT for .08 ETH in April of last year and holding it could have ended up netting $477K.

Recommended Reads

  1. Ethereum Foundation’s Peter Szilagyi on Ethereum and complexity:

  1. The Generalist on Multicoin, one of the most successful VC companies ever:

  1. The NYT on crypto:

On The Pod…

Punk6529 on the Significance of Bored Ape Yacht Club and CryptoPunks

In his first podcast appearance ever, Punk6529, known for writing massive threads on Crypto Twitter, discusses the cultural and historical significance of Bored Ape Yacht Club creator Yuga Labs purchasing the intellectual property rights to CryptoPunks and Meebits from Larva Labs. Topics:

  • how CryptoPunks set the industry standard for PFP projects

  • how Bored Ape Yacht Club distinguished itself from CryptoPunks – and other NFT projects

  • why 6529 is bullish on the utility of intellectual property rights and commercial use being granted to NFT holders by Yuga Labs

  • why 6529 believes Yuga Labs will be good stewards of CryptoPunks

  • how NFTs (and Bitcoin) are leveraging memes and social construction to go mainstream

  • what 6529 thinks Larva Labs’ legacy will be in the NFT space

  • how royalty revenue streams led to the Yuga Labs purchase of Meebits and CryptoPunk IP

  • why 6529 is unsure about the significance of metaverse real estate

  • what 6529 thinks about ApeCoin

Book Update

My book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze, which is all about Ethereum and the 2017 ICO mania, is now available!

You can purchase it here: http://bit.ly/cryptopians