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Solana On the Verge of Major Price Movement

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How to protect NFT intellectual property rights explored at Australian Blockchain Week

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption With explosive growth in the past 12 months, the non-fungible token industry is getting too big to ignore IP licenses, experts say.

How to protect NFT intellectual property rights explored at Australian Blockchain Week

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption With explosive growth in the past 12 months, the non-fungible token industry is getting too big to ignore IP licenses, experts say.

How to protect NFT intellectual property rights explored at Australian Blockchain Week

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption With explosive growth in the past 12 months, the non-fungible token industry is getting too big to ignore IP licenses, experts say.
Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Onchain: Going $APE, Australia takes charge, Luna’s $10bn Bitcoin bet

Story One

Billionaire Ape Yacht Club

While the NFT market itself may be in the midst of a mini-bear, the energy and money pouring into the space shows little sign of slowing down.

See, for instance, Yuga Labs, the company that created the ludicrously successful Bored Ape Yacht Club NFTs

Yuga Labs Raised $450M And Is Now Valued At $4 Billion

Yuga Labs raised $450 million and is now valued at $4 billion and the funds will go towards building out the new NFT metaverse “Otherside” so let’s read more today in our latest cryptocurrency news today. Yuga Labs raised $450 million in a new fundraise and is now valued at $4 billion and the owners […]

Yuga Labs Demos “Otherside,” Bored Ape Yacht Club Metaverse Is Underway?

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According to analytics source DappRadar, Bored Ape Yacht Club is one of the largest NFT collections on Ethereum, with a total trading volume of $1.41 billion. Many of the top-selling BAYC artworks are worth more than a million dollars, and their owners involve celebrities such as Jimmy Fallon, Serena Williams, and Paris Hilton. “See You [...]

The post Yuga Labs Demos “Otherside,” Bored Ape Yacht Club Metaverse Is Underway? appeared first on Blockonomi.

Bored Apes Creator Raises $450M in Seed Round, Hits $4B Valuation

Fries DAO Has Raised $5.4M to Buy Fast Food Restaurants

Yuga Labs, the creator of the popular NFT collection Bored Ape Yacht Club has raised $450 million in funding at a $4 billion valuation, the company announced today. The seed round was led by Andreessen Horowitz’s new fund, a16z crypto venture firm. Other investors to participate in the round included Animoca Brands, The Sandbox, LionTree, Sound Ventures, Thrive Capital, FTX, MoonPay among others. The company plans to use the funds to “scale its rapidly growing team, attract the best talent across creative, engineering and operations functions, and for joint ventures and partnerships it has planned.” “Already, a new economy is possible with the IP of Apes, Punks, and Meebits, owned by the community,” said Nicole Muniz, CEO of Yuga Labs. “The possibilities for blockchain’s impact on culture are endless, and so we are building a beautiful, interoperable world for people to explore and play in. There’s a lot to come.” The funding news comes less than two weeks after Yuga Labs announced the acquisition of the intellectual property of CryptoPunks and Meebits from Larva Labs. A week later, the company launched ApeCoin, a cryptocurrency that will be governed independently as a decentralized autonomous organization (DAO).

The post Bored Apes Creator Raises $450M in Seed Round, Hits $4B Valuation appeared first on Cryptoknowmics-Crypto News and Media Platform.

How NFTs are changing the gambling industry: Flamingo Casino Club case

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As the global pandemic has forced regular gaming-enthusiasts to move online, new opportunities for the virtual, NFT-powered future have been created. Only recently, the company Evolution Gaming started using CryptoPunks, the famous NFT collection, as slot machine prizes. According to their press release, CryptoPunks will be used for their “NFT Megaways” game.

Now, the newly-created Flamingo gaming project is a good example of how NFTs are set to revolutionize this industry. 

What is the Flamingo NFT Project? 

Flamingo club is an NFT virtual gaming project. The green light was given on January 21, 2022. The company is planning to build gaming facilities in a partnership with one of the oldest industry representatives in Las Vegas. Further, an entertainment center, a sports arena with a hockey team, golf courses, and horse racing in the Sandbox metaverse are also in the works. It is led by experienced industry leaders: David Aaronson, lawyer, and Vice-President of a large financial company and Waldo Lorenzo, a manager.   

Importantly, every Flamingo club NFT holder will get a share of the profits generated in the Flamingo gaming club. 

In terms of the numbers, the Flamingo club is made up of 11111 unique hand-drawn NFTs that are generated from over 300+ traits, increasing their rarity. As a rarity expert explains: “Rarity drives a large part of the economy around collectible NFTs and produces excitement. Rarity helps drive demand in an NFT project and diversifies a project by offering different levels of traits and utility.” All the cards can be purchased on OpenSea.

What are the use cases and benefits?

Examples of games and other entertainment that will be available on Flamingo include, but are not limited to, Blackjack: Of all the table games, there is none more classy than Blackjack, also known as 21, Roulette: The purest game of chance, roulette gives players a chance to test their luck by picking numbers on a wheel, choosing from 1 to 36, with a 0 and 00, or Mini-Baccarat: a casual, fun way to play this sophisticated high-limit classic. Users can bet on the "Player" or the "Banker". Whichever hand comes closest to 9 is the winner.

Apart from the wide collection of games, all Flamingo NFT holders will participate in draws. The prizes are significant, and include 150.000$ for 5 NFT holders, 10.000$ for 20 NFT holders, 10 Tesla's model 3 for 10 NFT holders, and 200 Apple iPhones 13 for 200 NFT holders. The chances of winning are more than just a statistical probability.

Above all, NFTs are revolutionizing the way money can be made. Gaming houses usually have the odds stacked in their favor for all games, although the house edge does vary on each one. So the house always wins. With Flamingo club, the user is the house, and is set to make returns on their investment from the share of profits made by the club (80% of the profits will be distributed). It is a safe way to make passive income from different activities without participating in them; without the risk of losing your own assets. It is a different way of doing business and participating in this sector.

The covid-fuelled rise in the industry was just the beginning. Nowadays, NFT projects are targeting this sector specifically, setting the tone for future developments. The growth potential is enormous, and with projects like Flamingo, users can find new ways of making money as passive income with low risk and no strings attached.



Yuga Labs Valued at $4 Billion After $450 Million Raise

Led by Andreesen Horowitz, the raise will go towards building out Yuga’s new NFT metaverse ‘Otherside’.
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