Feds File Charges Against Trio for $3 Million ‘Evolved Apes’ NFT Game Scam Three UK nationals have been charged by the US Department of Justice for orchestrating a $3 million scam involving the "Evolved Apes" NFT collection. The defendants are accused of wire fraud and money laundering in a pump-and-dump scheme where they convinced NFT collectors to purchase Ethereum-based NFTs for an online game that was never developed.

The U.S. Attorney's Office for the Southern District of New York has sued Mohamed-Amin Atcha, Mohamed Rilaz Waleedh and Daood Hassan for their involvement in the 2021 Evolved Apes NFT scam. The project promised to develop a video game, but after the fundraising ended, anonymous developer Evil Ape disappeared, transferring 798 Ether coin (about $3 million). The case is seen as part of a "rug pull" scam in which developers raise funds by selling NFTs or tokens and then abruptly close projects and disappear. According to statistics, similar scams have resulted in more than $14.5 billion in losses since 2011.

CoinDesk report: On April 26, 2024, Yuga Labs, the metaverse gaming company, announced layoffs. CEO Greg Solano informed employees via email that the company would undergo restructuring. Since 2021, Yuga Labs has achieved significant growth, but Solano believes that the company has deviated from its original path and that internal processes have become too complex. The exact number of layoffs has not been disclosed. A previous restructuring in October resulted in the company having over 120 employees. Solano assumed the role of CEO in February, and he promised to refocus the company on blockchain-based strategies. Yuga Labs' popular NFT projects include Bored Apes Yacht Club, Mutant Ape Yacht Club, and CryptoPunks.

Coin Network reports: Gordon Gorner, also known as Willy Arono, is the founder of Bored Apes, who has been diagnosed with a heart disease with a 50% fatal rate. Despite the gloomy diagnosis, the outlook for Arono and Bored Ape Yacht Club (BAYC) is positive as they celebrate their third anniversary.

Odaily Planet Daily News Yuga Labs has released an Otherside Metaverse update that focuses on the basics and prepares for rapid iteration and release of new features, and will provide users with a unified account and identity for easy access to Non-fungible Tokens, Wallets, and a range of interactive experiences. Yuga Labs also said it will focus on Otherside quality and scalability, and is currently optimizing its virtual environment and avatar to meet AAA gaming standards, setting a new benchmark for the Metaverse experience. In addition, Yuga Labs announced that it will host the Apes Come Home Experience, marking a milestone in Otherside's journey, allowing 10,000 Ape holders to interact with their Non-fungible Tokens for the first time in a dynamic shared short space.

According to on-chain analyst Ember monitoring, in the past ten days, Maji machibigbrother.eth continued to sell 2.03 million APE (worth about $2.98 million) and buy 970,000 BLUR (worth about $440,000). IN THE PAST 50 DAYS, MAJI HAS SOLD 6.06 MILLION APE ($9.7 MILLION) AT AN AVERAGE PRICE OF $1.6 AND MADE A PROFIT OF $1.75 MILLION, AND BOUGHT 11.4 MILLION BLUR ($5.89 MILLION) AT AN AVERAGE PRICE OF $0.516, WITH A FLOATING PROFIT OF $1.13 MILLION.

Yat Siu, executive chairman of Animoca Brands, issued an article explaining that Moca ID enhances personal network effects, which disclosed data that the number of licenses issued by BAYC Bored Ape Club through the Made by Apes program has exceeded 1,000, which is mainly used to verify, support and expand brands made by Non-fungible Token holders using Bored Ape, and currently covers coffee shops, burger joints, purified water, game content and a variety of other products and services. According to Yat Siu, Decentralization Identifier (DID) Moca IDs also make it easier for service and content providers to offer products and services specifically for the benefit of end users to millions or billions of people, giving users control over the interests of the products and providing true digital property rights. （AnimocaBrands）

ApeCoin (APE) about to unlock and bearish pressure intensify? According to the data, the next token unlock for ApeCoin will take place on October 17, during which time ApeCoin DAO will release 15.6 million new APE tokens into circulation. This will mark the tenth APE token unlock in 2023, as the event takes place on the 17th day of each month and the newly issued APE coins will be distributed to the five main parties. ApeCoin went live in March 2022 with a maximum supply of 1 billion coins and is currently 54.25% unlocked. However, there are only 367.59 million APEs in the token's circulating supply. In general, token unlocking is usually accompanied by concerns about the upcoming downtrend. This is because the sudden appearance of a large number of tokens may prompt some investors to sell and make a profit, putting downward pressure on the price of the token. As mentioned earlier, APE has found itself stuck in a chronically bearish market. Although the coin only lost 2.79% last month, its overall performance in 2023 was largely negative. According to the data, APE has lost 70% of its value in 2023 compared to the market price as of January 1. With next week's token unlocks, APE may soon record more losses. However, this may not be the case. According to historical data, token unlocking does not always lead to a drop in price, especially with Aptos in January, where APT rose 50% after the monthly token issuance. In addition, there have been some interesting developments around ApeCoin last week. On October 11, Polygon co-founder Sandeep Narwal proposed at the ApeCoin DAO to develop an exclusive Layer 2 solution for ApeCoin, called "ApeChain." Currently, APE is based on the Ethereum network as a governance asset for the APE ecosystem, which consists of NFT projects launched by Yuga Labs, such as the Bored Ape Yacht Club (BAYC). However, creating ApeChain allows Apecoin to achieve a higher level of scalability, which in turn can positively impact its adoption and market price. The APE is currently trading at $1.0753, up 1.11% in the most recent day. At the same time, the token's daily trading volume dropped by 16.96% to a value of $19.32 million. (Source: Semilore Faleti)

Yuga Labs Gaming said in a post on the X platform that BAYC has paid it part of the APE (the specific amount has not been disclosed) to maintain its independence, and used it to launch a new account with Yuga Labs Gaming. After receiving these APEs, Yuga Labs Gaming said it will provide an additional 150,000 APE rewards for the top 10 finishers of the Rift Boss leaderboard.

According to Spencer Tucker, chief game officer of Yuga Labs, "Bored Ape" BAYC has paid part of the APE to Yuga Labs Gaming (the specific amount has not been disclosed), and BAYC will launch a new account. With APE funding, Yuga Labs will offer an additional 150,000 APE rewards to the top 10 finishers of the Rift Boss leaderboard. In addition, Spencer Tucker said that it will further optimize the game based on community feedback and opinions.

Huang Licheng said in a post on the X platform: "We need transparency to understand which APE wallets belong to Yuga, founders, VC funds and contributors to token issuance." Earlier news that about 15 hours ago, 4 million APEs were withdrawn from the Yuga Lab founder quota, worth $4.14 million.

Golden Finance reported that Bored Ape Yacht Club (BAYC) may reach a cooperation with Japanese streetwear brand BAPE. BAYC’s official tweet released pictures of BAPE and Bored Ape and said: “I have been a fan since a long time ago.” The official account of BAPE later quoted the tweet and added "Apes Together Strong" (a common phrase for Bored Ape NFT holders), and the official account of the Bapetaverse NFT project also quoted the same tweet. As of press time, BAYC has not released further details.

PANews reported on September 14 that according to official news, Yuga Labs launched the "Made By Apes" valid license official catalog "Made By Apes Bodega" and its website. The catalog is extracted in real time from the "Made By Apes" license on the chain. As of now 194 brands have been included. According to previous news in July, BAYC cooperated with SaaSy Labs to launch the on-chain license application platform Made by Apes. Members can apply for a unique on-chain license and register business or products (such as clothing, food, games, music, etc.). The platform can also be used for verification. and authentic products that distinguish BAYC and MAYC holders.

According to official news on September 14, Yuga Labs launched the Made By Apes validly licensed official catalog Made By Apes Bodega and its site. The catalog is extracted in real time from the Made By Apes license on the chain and has included 194 brands so far. It is reported that the Made By Apes on-chain license application platform was launched in July this year. Members can apply for unique on-chain licenses and register businesses or products (such as clothing, food, games, music, etc.). In addition, the platform can also be used to verify and distinguish BAYC and genuine products made by MAYC holders.

Odaily Planet Daily News Ethereum Layer 2 network Linea announced that it will launch "The Entertainment Festival" (Entertainment Festival) again after "Voyage", aiming to expand the Linea game ecosystem and promote participation in the online game community. This "Entertainment Festival" is divided into three sub-events, hosted by DeGame, Particle Network, Project 12 (P12) and MyShell, and cooperating with more than 30 other projects such as Meta Apes, Cataclysm, Sidus, Tatarot, MEEET and Battlemon. The time is from September 5, 2023 to October 8, 2023. Players need to contribute to the ecosystem through various on-chain and off-chain tasks to win Linea Gas Pass and other rewards. On September 4, Linea tweeted that it would release important news. The tweet contained the tags "#ExcitingNewsComingSoon" and "#NotAnAirdrop".

Odaily Planet Daily News According to Ember Monitoring, Huang Licheng purchased 2.128 million APEs at an average price of 1.8 USDT in the past 9 days, and pledged them with the purchased BAYC and MAYC.

According to the news on August 10, BAYC tweeted that it has completed the first round of MBA license application review, and you can get the MBA license and Logo through the official link. According to previous reports, Bored Ape Yacht Club announced that it has jointly launched Made by Apes, an on-chain license application platform jointly with SaaSy Labs. Members can apply for unique on-chain licenses and register businesses or products (such as clothing, food, games, music, etc.). Can be used to verify and distinguish genuine products produced by BAYC and MAYC holders.

Odaily Planet Daily News BAYC tweeted that the first round of MBA license application review has been completed, and the MBA license and Logo can be obtained through the official link. According to previous reports, Bored Ape Yacht Club announced that it has jointly launched Made by Apes, an on-chain license application platform jointly with SaaSy Labs. Members can apply for unique on-chain licenses and register businesses or products (such as clothing, food, games, music, etc.). Can be used to verify and distinguish genuine products produced by BAYC and MAYC holders.

According to PANews on August 4th, according to the official blog, nWay, a subsidiary of Animoca Brands and game publisher, will launch the Web3 multiplayer fighting game Wreck League in September. During the first season, the Wreck League has reached an agreement with Yuga Labs to use the IP of Bored Apes, Mutant Ape Yacht Club, Bored Ape Kennel Club and Otherside Kodas. Wreck League players will be able to collect mech parts (NFTs) and assemble them to cast complete mech character NFTs. In addition, nWay will also launch a Web2 free-to-play (F2P) version of Wreck League that can be played without NFT, which will replicate the core gameplay and combat mechanics of the Web3 version, while adding F2P such as daily tasks, battle passes, and in-game stores game features.

Jinse Finance reports that nWay, a game developer and subsidiary of Animoca Brands, is launching a Web3 mech fighting game called "Wreck League". As part of the licensing agreement, the NFT-based game will incorporate four Yuga Labs IPs into the game's storyline, including Bored Apes IP, Mutant Ape Yacht Club, Bored Ape Kennel Club and Otherside Kodas IP. It is reported that the new game will be launched in the next few weeks, and players will be able to assemble mechs or giant robot characters using collectible NFT parts, which can be moved to create "1.5 trillion" different combinations.

According to news from PANews on July 25, Bored Ape Yacht Club announced that it has cooperated with SaaSy Labs to launch Made by Apes, an on-chain license application platform. Members can apply for unique on-chain licenses, register businesses or products (such as clothing, food, games, music, etc.), and the platform can also be used to verify and distinguish genuine products of BAYC and MAYC holders. At present, it has cooperated with Ape Beverage, Applied Primate, Artin Motion, Bored Media Group, etc., and will launch more community products in the future.

On July 25th, BAYC launched Made by Apes, an on-chain license application platform. Members can apply for unique on-chain licenses and register businesses or products (such as clothing, food, games, music, etc.). In addition, the platform can also be used to verify and distinguish genuine products made by BAYC and MAYC holders. Currently, it has cooperated with Ape Beverage, Applied Primate, Artin Motion, Bored Media Group, etc., and will launch more community products in the future.

According to PANews news on July 11, Bored Ape Yacht Club announced that it will cooperate with SaaSy Labs to launch the intellectual property tool "_Made by Apes"_ later this month. Greg Solano, co-founder of Yuga Labs, said that although people in the club have been building with their IP, there is no easy on-chain method to verify these items, and there is no official directory to verify that boring apes and mutant apes are being produced. everything of. It is reported that SaaSy Labs unleashes the potential of smart contracts through blockchain-based legal agreement solutions, facilitating the signing, management and downstream financial mechanisms of legal agreements. The cooperation use cases listed on its official website include automating licensing agreements on the chain, On-chain automated licensing agreements, display of intellectual property, and more.

Babbitt News, on July 11, Bored Ape Yacht Club announced that it will launch the IP tool Made by Apes in cooperation with SaaSy Labs later this month. Greg Solano, co-founder of Yuga Labs, said, "While people in the club have been building with their IP, there is no easy on-chain method to verify these items, and there is no official directory to verify that Boring Apes and Mutant Apes are Everything made."

According to news on July 11, Bored Ape Yacht Club will cooperate with SaaSy Labs to launch IP (intellectual property) tool Made by Apes later this month. Greg Solano, co-founder of Yuga Labs, said that although people in the club have been building with their IP, there is no easy on-chain method to verify these items, and there is no official directory to verify that boring apes and mutant apes are being produced. everything of. SaaSy Labs unleashes the potential of smart contracts through blockchain-based legal agreement solutions, facilitating the signing, management and downstream financial mechanisms of legal agreements. The cooperation use cases listed on its official website include automated licensing agreements on the chain, on-chain Automate licensing agreements, showcase intellectual property, and more.

Odaily Planet Daily News According to official news, the Element market opened the closed internal test of the Bitcoin Ordinals NFT market today. Users can apply and obtain internal test qualifications by filling out the registration form. Users who participate in and complete the internal test tasks can get generous gift packages, including ELE rewards, NFT airdrops, whitelists, Launchpad discount coupons, and more. This closed beta is supported by Bitcoin Apes, JOMO HIPPO, Mesh Beatles, Ordz Games and other projects, and users have the opportunity to get benefits such as airdrop NFT sent by these projects from the gift package. Element is the first community-driven multi-chain aggregated NFT trading market, providing users with high liquidity, low handling fees, powerful trading tools, and intelligent and instant data services.

Odaily Planet Daily News According to encryption KOL Bonzo revealed on social media, the APE tokens worth 52 million US dollars (15 million pieces) to be unlocked on May 17 will mainly flow into the ApeCoin DAO vault, Yuga Labs, and "boring ape" BAYC The founder of the project, so it is not expected to bring a lot of selling pressure to the market. In addition, the number of APE staking distribution will be reduced from 30 million to 20 million on June 13, which means that the APE staking pool will lose 10 million pledged tokens, and the reduction in staking distribution may cause APR (annual return on investment ), and the data shows that nearly 60% of Bored Apes have been pledged, which shows that the community participation is very high.