The non-fungible token (NFT) and blockchain firm Yuga Labs has announced a community council will be representatives of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT collections. Yuga Labs has chosen seven community members with “a proven track record” to represent the NFT club at large.
On Wednesday, Yuga Labs announced that the team has created a community council of seven Apes in order to represent the entire BAYC and MAYC ecosystem. According to the announcement, the community council will be able to nominate three community projects every month, and BAYC and MAYC communities will then vote on which project will get a grant from Yuga Labs.
Projects can get 10 ether or roughly $15,000 worth of the second-leading crypto asset by market capitalization. The seven new community council members include Josh Ong, Sera, Laura Rod, 0xEthan, 0xWave, Negi, and Peter Fang. “The council will work with Yuga and the BAYC/MAYC community to uplift community-driven initiatives such as commercial projects, meet-ups, charitable giving, and other community-led ideas,” Yuga Labs’ announcement details.
Yuga Labs says the council members were chosen for their prior track records toward community-led initiatives and building. The news follows Yuga Labs officially releasing intellectual property (IP) rights to Cryptopunks and Meebits owners. The company had already released BAYC/MAYC IP rights to the owners of those specific NFT collections. Furthermore, Yuga Labs recently published the Otherside metaverse whitepaper and released a new teaser video about the upcoming project.
Regarding the two project’s autonomy, Yuga Labs said that the newly launched community council will keep the independence strong. “The BAYC/MAYC community is an autonomous bunch, and this council represents that — they’ll be bringing their various skill sets with ideas to the table, and we’ll work with them to make the best ideas reality,” the blog post published by Yuga Labs concludes.
What do you think about Yuga Labs launching a community council for BAYC/MAYC? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, BAYC, Yuga Labs,
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
The non-fungible token (NFT) and blockchain firm Yuga Labs has announced a community council will be representatives of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT collections. Yuga Labs has chosen seven community members with “a proven track record” to represent the NFT club at large.
On Wednesday, Yuga Labs announced that the team has created a community council of seven Apes in order to represent the entire BAYC and MAYC ecosystem. According to the announcement, the community council will be able to nominate three community projects every month, and BAYC and MAYC communities will then vote on which project will get a grant from Yuga Labs.
Projects can get 10 ether or roughly $15,000 worth of the second-leading crypto asset by market capitalization. The seven new community council members include Josh Ong, Sera, Laura Rod, 0xEthan, 0xWave, Negi, and Peter Fang. “The council will work with Yuga and the BAYC/MAYC community to uplift community-driven initiatives such as commercial projects, meet-ups, charitable giving, and other community-led ideas,” Yuga Labs’ announcement details.
Yuga Labs says the council members were chosen for their prior track records toward community-led initiatives and building. The news follows Yuga Labs officially releasing intellectual property (IP) rights to Cryptopunks and Meebits owners. The company had already released BAYC/MAYC IP rights to the owners of those specific NFT collections. Furthermore, Yuga Labs recently published the Otherside metaverse whitepaper and released a new teaser video about the upcoming project.
Regarding the two project’s autonomy, Yuga Labs said that the newly launched community council will keep the independence strong. “The BAYC/MAYC community is an autonomous bunch, and this council represents that — they’ll be bringing their various skill sets with ideas to the table, and we’ll work with them to make the best ideas reality,” the blog post published by Yuga Labs concludes.
What do you think about Yuga Labs launching a community council for BAYC/MAYC? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, BAYC, Yuga Labs,
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Following the U.S. Securities and Exchange Commission (SEC) charges against the socialite Kim Kardashian for unlawfully touting the crypto asset ethereummax, the digital currency jumped 124% in value. However, the ethereummax pump was followed by a massive dump as the cryptocurrency slid 47% lower than the high it reached on October 3.
After being rather lifeless for quite some time, the crypto asset ethereummax (EMAX) saw a brief spike on Monday after the SEC charges against Kim Kardashian were released to the general public. While Kardashian was forced to pay $1.26 million in penalties, the crypto asset she promoted in June 2021 skyrocketed 124% higher against the U.S. dollar. While the ethereummax (EMAX) pump lasted until the early morning hours on Tuesday, October 4, EMAX prices started to nosedive at 7:10 a.m. (ET) that day.
From the coin’s high of $0.000000009788 it dropped more than 47% during the day on October 4. While EMAX is a touch higher than it was prior to the pump, most of the rise was erased on Tuesday. Although, it is still 18.7% higher in USD value since Monday’s low before the pump. EMAX trade volume is very low, as trades during the last 24 hours equate to $97,847, and a significant share of EMAX is traded on Uniswap V2. A large share of EMAX trades are swapped with wrapped ethereum (WETH) and EMAX also has volume on Hotbit and Bitforex.
There are two quadrillion coins as far as the total supply is concerned, but the number of EMAX tokens in circulation is unknown. EMAX is trading today for prices that are 99.1% less than the token’s all-time high recorded on May 31, 2021. At the time, EMAX climbed to $0.000000597636 per unit. Ever since that day last year, EMAX’s value has been super low all the way up until Kardashian’s charges were announced by SEC Chair Gary Gensler.
In addition to Kardashian, the professional boxer Floyd Mayweather and former Boston Celtics forward Paul Pierce promoted EMAX as well. Mayweather participated in the EMAX touting even though he and DJ Khaled were fined by the SEC in 2018 for unlawful initial coin offering (ICO) promotions.
At the Bitcoin 2021 conference in Miami, the crowd booed Mayweather when he appeared on stage wearing an EMAX t-shirt. NBA Hall-of-Fame legend Pierce showed his affection for EMAX after he was let go by ESPN for sharing a live video of himself dancing with exotic dancers. After being fired by ESPN in April, a month later, Pierce tweeted:
[ESPN] I don’t need you. I got [Ethereummax]. I made more money with this crypto in the past month then I did with y’all in a year. TRUTH shall set u Free — My own boss. Ethereummax.org check it out for yourself.
Besides the SEC charges against Kardashian, the three celebrities were accused of helping EMAX pump and dump in a class-action lawsuit against the famous trio. The class-action explained that Mayweather, Pierce, and Kardashian allegedly “misled consumers who invested in ethereummax (EMAX) cryptocurrency” tokens amid a roughly month-long “pump and dump” scheme.
EMAX executives Giovanni Perone, Steve Gentile, and EMAX developer Justin French were also named in the class action lawsuit. The 25-page lawsuit said that the celebrities leveraged their large social media followings to “instill trust” with investors. At the time of writing, 110,049 unique addresses hold EMAX and the coin has been transferred 480,893 times since the network launched.
What do you think about the brief EMAX pump and dump after the SEC charges against Kardashian went public? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
Following the U.S. Securities and Exchange Commission (SEC) charges against the socialite Kim Kardashian for unlawfully touting the crypto asset ethereummax, the digital currency jumped 124% in value. However, the ethereummax pump was followed by a massive dump as the cryptocurrency slid 47% lower than the high it reached on October 3.
After being rather lifeless for quite some time, the crypto asset ethereummax (EMAX) saw a brief spike on Monday after the SEC charges against Kim Kardashian were released to the general public. While Kardashian was forced to pay $1.26 million in penalties, the crypto asset she promoted in June 2021 skyrocketed 124% higher against the U.S. dollar. While the ethereummax (EMAX) pump lasted until the early morning hours on Tuesday, October 4, EMAX prices started to nosedive at 7:10 a.m. (ET) that day.
From the coin’s high of $0.000000009788 it dropped more than 47% during the day on October 4. While EMAX is a touch higher than it was prior to the pump, most of the rise was erased on Tuesday. Although, it is still 18.7% higher in USD value since Monday’s low before the pump. EMAX trade volume is very low, as trades during the last 24 hours equate to $97,847, and a significant share of EMAX is traded on Uniswap V2. A large share of EMAX trades are swapped with wrapped ethereum (WETH) and EMAX also has volume on Hotbit and Bitforex.
There are two quadrillion coins as far as the total supply is concerned, but the number of EMAX tokens in circulation is unknown. EMAX is trading today for prices that are 99.1% less than the token’s all-time high recorded on May 31, 2021. At the time, EMAX climbed to $0.000000597636 per unit. Ever since that day last year, EMAX’s value has been super low all the way up until Kardashian’s charges were announced by SEC Chair Gary Gensler.
In addition to Kardashian, the professional boxer Floyd Mayweather and former Boston Celtics forward Paul Pierce promoted EMAX as well. Mayweather participated in the EMAX touting even though he and DJ Khaled were fined by the SEC in 2018 for unlawful initial coin offering (ICO) promotions.
At the Bitcoin 2021 conference in Miami, the crowd booed Mayweather when he appeared on stage wearing an EMAX t-shirt. NBA Hall-of-Fame legend Pierce showed his affection for EMAX after he was let go by ESPN for sharing a live video of himself dancing with exotic dancers. After being fired by ESPN in April, a month later, Pierce tweeted:
[ESPN] I don’t need you. I got [Ethereummax]. I made more money with this crypto in the past month then I did with y’all in a year. TRUTH shall set u Free — My own boss. Ethereummax.org check it out for yourself.
Besides the SEC charges against Kardashian, the three celebrities were accused of helping EMAX pump and dump in a class-action lawsuit against the famous trio. The class-action explained that Mayweather, Pierce, and Kardashian allegedly “misled consumers who invested in ethereummax (EMAX) cryptocurrency” tokens amid a roughly month-long “pump and dump” scheme.
EMAX executives Giovanni Perone, Steve Gentile, and EMAX developer Justin French were also named in the class action lawsuit. The 25-page lawsuit said that the celebrities leveraged their large social media followings to “instill trust” with investors. At the time of writing, 110,049 unique addresses hold EMAX and the coin has been transferred 480,893 times since the network launched.
What do you think about the brief EMAX pump and dump after the SEC charges against Kardashian went public? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
PRESS RELEASE. Today, content is hosted on centralized platforms like Twitter, TikTok, or Instagram. Many thought leaders like Elon Musk and even Twitter founder Jack Dorsey call for an alternative.
Recently, messages emerged between the two billionaire entrepreneurs regarding a blockchain-based social media platform.
“I have an idea for a blockchain social media system that does both payments and short text messages/links like Twitter.” Said Elon Musk in one text exchange.
He continued, “Third piece is a twitter-like app on your phone that accesses the database in the cloud. This could be massive.”
However, Musk may not need to create a decentralized Twitter alternative thanks to the launch of Diamond, a Web3 social app powered by the DeSo blockchain.
Diamond is the first platform ever to host its content and social graph on a decentralized blockchain.
By publishing content to the DeSo chain, writers, and creators can own and control their content the same way they own and control their Bitcoin. This means they can be free from censorship and gain new ways to monetize that have never been possible before.
For example, posts on Diamond can be minted as NFTs, can earn crypto tips, and much more. Creators on Diamond can very easily launch social tokens that allow their followers to invest in their success. All with an onboarding that is as easy as creating an account on a web2 platform like Instagram.
Diamond’s choice to use the DeSo blockchain for hosting all of its content showcases DeSo’s unique strength in content storage. “Existing blockchains cannot store content efficiently,” says Nader Al-Naji, the founder of DeSo. “It costs about $50 to store a 200-character Tweet on Ethereum, and about fifteen cents to store it on Solana, Avalanche, or Polygon. In contrast, DeSo is one ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications like social, blogging, and even marketplaces,” he says.
In addition, Diamond’s integration of the DeSo wallet makes it possible to onboard Ethereum
users as well as mainstream users. “The DeSo wallet supports both a one-click Google login and a one-click MetaMask login,” says Al-Naji. “It’s not our goal to be tied to a single chain, or really any chain. We just want to allow people to connect with each other no matter what ecosystem they’re a part of. DeSo is the unified social layer for all of web3,” he says.
This is the latest in a recent string of successes for DeSo. The platform listed on Coinbase earlier this year announced a groundbreaking MetaMask integration last week that has caused a significant price surge. It has also been experiencing a recent surge in user numbers.
In a world where many are dissatisfied with traditional social media, Diamond and DeSo offer a decentralized solution that can finally compete with web2 juggernauts. “DeSo is the first and only blockchain that allows developers to build social apps where you can’t even tell you’re on a blockchain,” says Al-Naji. “That means, for the first time, we have a shot at finally expanding web3 from disrupting finance to disrupting the trillion-dollar social media industry.”
About DeSo Foundation
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. They raised $200 million and are backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winkelvoss Capital, Pantera, and others.
$DESO, the native currency of the DeSo blockchain, is listed on Coinbase.
Check out the full roadmap and claim your username on deso.com .
Contact
Growth Marketing Lead
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Image Credits: Shutterstock, Pixabay, Wiki Commons
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Source From : News