Yuga Labs has finally broken its silence over a conspiracy theory alleging that the team included right-wing and Nazi images/images in the artwork and branding behind Bored Ape Yacht Club (BAYC).
As previously reported by Cointelegraph, the BAYC conspiracy theory was highlighted again on June 20 after YouTuber Philion posted a video exploring the supposed evidence that artist Ryder Ripps initially collected earlier this year.
In a Medium blog post posted to Twitter on June 25, Yuga Labs co-founder Gordon Gunner said the team had finally decided to clear the air after the theory got so much attention that one of their favorite podcasters was talking about it.
“We haven’t responded in more detail to these allegations because they are frankly insanely elusive.”
“Having said that, this morning we woke up to a respected podca /// ster talking about this conspiracy theory, and it was so surreal. It made us feel like it was time to get out and put an end to all of this.”
In particular, Ryder Rips claimed that BAYC NFT artwork contains racist caricatures of blacks and Asians, and the project’s logo and branding have numerous nods to certain Nazi symbols and language. The artist has also made an NFT-derived set of BAYC called RR/BAYC as satire and protest against Yuga Labs.
While the team did not address all of the points made against BAYC, it completely denied allegations that its logo was derived from the Nazi Totenkopf (skull and crossbones) symbol. She also reiterated that the use of Apes in BAYC is an indication of crypto decay and not racist phishing. However, not everyone was pleased with their response, since several points were not touched upon.
In an update later that day, the Yuga Labs team also said it had taken legal action and filed a lawsuit to “stop the ongoing infringement and other unlawful attempts to harm” the company and the community. Although he didn’t mention Ryder Ripps by name directly.
NFT X2Y2 Market Volume Increased Beyond OpenSea
Over the past several weeks, the volume of sales in the Ethereum-based X2Y2-based NFT market has surged past the top platform in the OpenSea segment.
According to data from DappRadar, X2Y2 generated $144.16 million in NFT sales from just 11,534 traders over the past week, compared to $117.64 million from 155,734 traders on OpenSea.
Seven-Day NFT Market Sales Volume: DappRadar
The X2YX platform launched in February earlier this year, and while it doesn’t appear to host the sale of any high-level NFT projects, it does offer an OpenSea Sniper feature that enables users to bundle NFT purchases on both X2YX and OpenSea into one. Transaction.
X2YX saw daily trading volumes soar to new highs in June, with an all-time high by volume coming on June 6 with $32.92 million. One of the reasons behind the platform’s bullish growth this month seems to be the zero trading fee promotion from June 1 to June 30.
Crowley Town launches soccer kits linked to NFTs
English professional football club Crawley Town FC. You are putting up a Football Kit (uniform) that can only be obtained by fans who purchase the corresponding NFT.
Crawley Town is currently listing its trade in the fourth tier of the Premier League structure, and was acquired by sports-focused crypto firm WAGMI late last year.
Professional teams generally have three different groups each season, one for home matches, one for outdoor matches, and a third alternate group. In this case, the third set will be presented to the masses via the sale of NFTs.
Speaking with British news company The Mirror on June 25, Crowley Town co-owner Preston Johnson confirmed that the club is not trying to launch NFTs to make a quick buck, and is instead looking for ways to combine technology with methods such as shirts and ticketing:
“Our NFTs are more like virtual season tickets. They are not items we are trying to sell to local fans.”
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BCware launches NFT app in Shopify App Store
California-based technology company BCware Web3 has launched a new multi-chain NFT app in the Shopify App Store that enables merchants to offer buying and selling services for NFT from multiple blockchains in their stores.
The app is currently integrated with Ethereum, Polygon, Flow, and Solana, and also enables customers to pay with fiat or cryptocurrency. The company also stated that the app will support “wallet setup for new cryptocurrency buyers.”
The move comes in the same week that Shopify rolled out its NFT-gated storefront feature that allows brands/merchants to make their online stores more exclusive.
