Stripe is testing a new US dollar-backed stablecoin product for businesses outside the U.S., U.K., and Europe, aiming to expand the dollar's global footprint.

Daily top performer — Pudgy Penguins (PENGU)

S&P 500 futures dipped as over 180 S&P companies prepare to report earnings this week, following a 4.59% gain last week amid easing US-China trade tensions. Gold prices dipped to around $3,310 as easing US-China trade tensions reduced safe-haven demand, though recession fears may limit further losses ahead of key US economic data releases. Fed hawkishness may cap gains. CoinDesk Indices, which tracks the broader crypto market, fell 0.72% in the past 24 hours, while Bitcoin and Ether dropped 0.19% and 1.07%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is PENGU, rising by 27.5%, following Pudgy Penguins' recent expansion into multiple industries and their celebration of World Penguin Day.

Pudgy Penguins (PENGU), launched in July 2021, is a popular NFT collection known for its cute artwork. It has expanded into physical products like toys, generating over $10 million in sales, and the collection now holds a market cap of over $1.19 billion. Pudgy Penguins and $PENGU were recently 

 as a fitspo in Wisdom Kaye's content, marking a major milestone for their influence across industries. Additionally, last Saturday, the brand celebrated 

, highlighting its continued growth and impact beyond the NFT space. This showcases Pudgy Penguins' expanding presence and reach in multiple sectors.

Check out the latest prices, charts, and data of 

 a new US dollar-backed stablecoin product for businesses outside the U.S., U.K., and Europe, aiming to expand the dollar's global footprint. This follows Stripe's acquisition of Bridge, a stablecoin payment network, which competes with the SWIFT system. Stripe has a history with crypto and recently introduced stablecoin payments in over 70 countries. The company sees this new product as a decade-long ambition, with the stablecoin market growing significantly in 2025.

BTC spot ETFs saw $3.06B of net inflows for the week ending 25 April 2025, with $2.97B from non-GBTC products and $94M from GBTC. Since inception, ETFs have accumulated $38.4B in net flows, with non-GBTC products contributing $61.1B and GBTC seeing $22.7B of outflows.

GiveRep, a decentralized reputation protocol on Sui, has 

 a points program where users can earn Reputation Points by tweeting about GiveRep and its Loyalty projects to qualify for an upcoming airdrop. A minimum of 100 X (Twitter) followers is required, and participants may also earn bonus airdrops from partner projects.

Beginner

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Stripe launches testing for global stablecoin payments after Bridge acquisition

Initia is a blockchain ecosystem that unifies Layer 1 security with customizable Layer 2 rollups through its Interwoven Stack architecture. Learn more here.

 ecosystem forces developers to choose between security and customization, while fragmenting liquidity across isolated chains. Enter Initia (INIT), a groundbreaking protocol that reimagines blockchain architecture by seamlessly integrating 

This article examines Initia's Interwoven Stack architecture, its innovative economic features and the INIT token's utility and distribution, and considers whether this ambitious ecosystem redesign represents a promising investment opportunity following its recent mainnet launch.

 is a blockchain ecosystem that unifies Layer 1 security with customizable Layer 2 rollups through its Interwoven Stack architecture, enabling developers to build specialized application chains without sacrificing interoperability or liquidity or requiring deep infrastructure expertise.

Initia emerged in 2022 when Stanford Liu and Ezaan "Zon" Mangalji left Terraform Labs to tackle blockchain's fragmentation challenges. They later added ecosystem lead OmniscientAsian from Sino Global Capital to help create a more streamlined blockchain infrastructure.

The project quickly gained investor backing, starting with Binance Labs' pre-seed funding in October 2023. This was followed by a $7.5 million seed round led by Delphi Digital and Hack VC, then a $2.5 million community round and a $14 million Series A that valued Initia at $350 million by late 2024.

Initia aims to eliminate the traditional security/customization trade-off in blockchain by creating a unified ecosystem that allows both to coexist. By establishing a central hub for all rollups, the project combines the advantages of monolithic security with the flexibility of modularity, thereby eliminating the fragmentation that currently plagues blockchain systems.

The platform's integrated stack simplifies blockchain development with pre-built solutions that work together seamlessly. Users benefit from Initia's Universal Accounts system, which provides a consistent experience across all connected chains, eliminating the need for multiple wallets or managing different tokens for gas fees.

By introducing economic alignment mechanisms such as the 

, Initia creates an environment in which developers can focus solely on innovation in their applications. This shift away from infrastructure concerns toward product development aims to enhance capital efficiency and drive broader adoption of blockchain.

Initia fuses Layer 1 (L1) and Layer 2 (L2) technologies into a unified architecture with three distinct components. The foundation is Initia L1, built on Cosmos SDK, which functions as the orchestration layer. This base provides security, governance and interoperability.

Above this foundation, Interwoven Rollups (Minitias) provide developers with customizable Layer 2 environments, allowing them to select their preferred virtual machine (

, Move or Wasm), define unique gas token systems and implement specialized transaction ordering mechanisms. 

Binding everything together is the Interwoven Stack, a comprehensive framework that provides all necessary tools for building and deploying rollups without requiring developers to source and integrate disparate components.

The system leverages optimistic rollups through the OPinit Stack to achieve remarkable transaction speeds (up to 10,000 

) while maintaining security. Transactions processed via L2 rollups are submitted to Initia’s L1 for finalization, with data availability secured through 

Initia provides the following core features that work together to simplify development and unify the blockchain ecosystem.

Initia L1 serves as the foundational layer and central coordination hub for the entire ecosystem. Built on the Cosmos SDK with CometBFT and MoveVM, it provides essential services, including network security, governance mechanisms and liquidity solutions through InitiaDEX.

 (also known as Minitias) are flexible Layer 2 blockchains built on top of Initia L1. These rollups rely on the orchestration layer for security and data settlement, operating without native 

 while enabling advanced rollup functionalities.

Developers can customize their rollups by selecting from multiple virtual machines and defining their own gas token and fee structure. This flexibility enables application-specific optimizations and economic models, at the same time maintaining seamless interoperability within the broader Initia ecosystem.

The Interwoven Stack is Initia's comprehensive, all-in-one solution, designed to empower developers in building and deploying rollups with unmatched ease. Instead of requiring developers to research and piece together numerous components — such as wallets, explorers and 

 — the Stack provides everything needed right out of the box.

At the core of this framework is OPinit Stack, designed exclusively for optimistic rollups within the Cosmos ecosystem. It includes mechanisms for fraudproofs and rollback capabilities and supports multiple virtual machines, which allows developers to focus solely on building their applications, rather than configuring complex infrastructure.

The Vested Interest Program (VIP) is Initia's novel incentive alignment mechanism that’s designed to address common issues in multi-rollup ecosystems. It addresses the misalignment of incentives for high-activity 

 (DApps), the economic underutilization of the native token and the inefficient distribution of protocol-level incentives.

VIP programmatically rewards valuable economic activities by allocating INIT tokens to rollups that create innovative applications, and to users who perform beneficial actions. This approach ensures that rollup teams, users and token holders all share aligned interests in the ecosystem's long-term success.

 (DEX) built on the Initia L1, functioning as the central liquidity hub for all Interwoven Rollups. It features Balancer-style weighted pools for diverse asset pairs, and 

 pools for assets with closely correlated prices, ensuring an optimal trading experience.

Enshrined Liquidity is Initia's solution to the traditional dilemma in 

 (PoS) systems, whereby token holders must choose between either staking for security or providing liquidity. It allows governance-whitelisted InitiaDEX liquidity positions (INIT-TOKEN pairs) to function as staking assets alongside the native INIT token.

Users can earn both staking rewards and trading fees from a single position, dramatically improving capital efficiency. To qualify, LP tokens must include INIT as part of the pair (with at least 50% weight for Balancer pools) and receive 

 approval, which also determines reward weight distribution among all whitelisted tokens.

Minitswap eliminates the days-long waiting periods typically required by optimistic bridges when moving assets from rollups to Layer 1s. Users can instantly swap their rollup tokens for L1 assets through liquid trading pairs, creating a frictionless experience for asset transfers throughout the Initia ecosystem.

 offers a unified interface for managing assets across multiple rollups, thereby facilitating cross-chain transfers and accessing DApps. By abstracting multichain complexity into a single interface, users can navigate the entire Initia ecosystem without confronting technical barriers or fragmented experiences.

Initia's bridge technology enables secure token transfers between Initia L1 and rollups using an optimistic bridge model. The OPinit Bridge leverages Cosmos SDK modules, and operates through two key components that work in tandem to ensure system integrity.

The Executor handles token movements, output submissions and data relay, while the Challenger monitors for invalid proposals and provides security oversight. This balanced architecture delivers verifiable cross-chain communication that maintains the integrity of both L1 and L2 chains while enabling reliable asset transfers throughout the Initia ecosystem.

Initia reached a major milestone with its successful mainnet launch on Apr 24, 2025. Before then, the project had completed several critical developments, including the MiniEVM and MiniMove frameworks, the deployment of InitiaDEX and the implementation of the innovative Vested Interest Program.

The immediate post-launch phase is focusing on expanding the ecosystem by onboarding strategic partner projects across 

 and enterprise sectors. This expansion demonstrates Initia's versatility as it builds a network of interconnected Interwoven Rollups that leverage the platform's unified infrastructure.

The INIT airdrop will distribute 50 million tokens, representing 5% of the total supply, to early supporters and community members. This allocation is strategically divided across three main categories: testnet participants (89.46%), social contributors (6.04%) and Interwoven Stack partners (4.50%).

The largest portion (44.7 million INIT) is being designated for the 194,294 users who participated in Initia's public testnet campaigns, particularly those who engaged with interactive 

 activities. Additional allocations target users from partner ecosystems, including LayerZero, IBC and milkTIA holders.

Following the mainnet launch on Apr 24, 2025, eligible participants will have a 30-day claim window to secure their tokens. This airdrop serves as both a community-building initiative and a strategic token distribution to those most likely to contribute to the ecosystem's growth.

INIT is the native token of the Initia ecosystem, with a fixed total supply of 1 billion. Initial circulating supply at launch was 148.75 million INIT, representing 14.88% of the total supply. The token’s distribution is strategically designed to ensure long-term sustainability and broad community engagement.

INIT enables staking to secure the network, powers governance decisions for protocol changes, facilitates cross-rollup operations between different Minitias and provides liquidity through InitiaDEX. This utility-driven model ties INIT's value directly to ecosystem activity and adoption.

Looking to trade Initia tokens? Bybit now offers the INITUSDT Perpetual contract following the recent mainnet launch. To get started, you'll need to create a Bybit account, fund it with cryptocurrency and navigate to the 

While Initia represents a groundbreaking approach to blockchain scalability through its interwoven architecture and unified liquidity model, investors must carefully weigh its significant growth potential against relevant risk factors.

Initia shows promising potential with its comprehensive ecosystem approach and significant financial backing. In addition, growing demand for scalable blockchain infrastructure that doesn't sacrifice security or customization provides a favorable market environment. However, potential investors should 

 and consider their individual risk tolerance.

Initia revolutionizes blockchain architecture by creating a multichain environment in which thousands of appchains can coexist harmoniously through modularity and orchestration. With established financial backing and over 16 appchains already onboarded at mainnet launch, Initia could transform the way blockchain applications are built, deployed and interconnected.

Intermediate

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Initia (INIT): The Interwoven Stack behind scalable rollups

Apr 28, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — US-Sino trade conflicts cool down

China is considering suspending its 125% tariff on certain US imports, including medical equipment and industrial chemicals like ethane, due to the economic impact of the trade war. Discussions are also underway to waive tariffs on aircraft leases, which are financially burdensome for airlines.

This potential move has boosted investor optimism, with Asian shares rising and the yuan recovering losses. Analysts view this as a step toward de-escalation, although significant differences between the US and China remain.

The proposed exemptions align with recent US tariff exclusions on electronics, highlighting the intertwined nature of the two economies. Chinese companies reliant on US goods, such as advanced medical equipment and ethane, have reported some shipments arriving without tariffs.

While the list of potential exemptions is still being finalized, authorities have requested companies submit customs codes for necessary goods. Reports suggest China may also waive tariffs on at least eight semiconductor-related products, excluding memory chips, which could impact companies such as Micron Technology.

Overall, while investor interest grows, relations between the two nations still face challenges, with China demanding the US revoke unilateral tariffs before resuming trade talks.

Traders have heavily invested in Cantor Equity Partners Inc, a blank-check company merging with Twenty One Capital Inc., which is backed by Tether, Bitfinex and SoftBank. Since the April 22 merger announcement, Cantor's stock has surged 197%, closing at $31.50 on Friday.

The merger includes a convertible debt offering, potentially leading to a market capitalization of about $12 billion that would far exceed the estimated $4 billion value of the Bitcoin it’s expected to hold. This would reflect strong demand for crypto-related investments.

Analysts note that investing in such vehicles is akin to betting on Bitcoin's growth. Public special-purpose acquisition company (SPAC) shareholders are projected to own 2.7% of the new company, while major stakeholders like Tether and SoftBank will have substantial shares. Overall, the market is optimistic about this collaboration in the digital asset space.

Advanced

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Weekly Institutional Insights: Trade conflicts cool down as crypto SPAC sees popularity

Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

At the start of the week, Bitcoin showed signs of decoupling from US equities. However, US president Trump's positive remarks about the US-China trade war (which had included a 145% tariff on Chinese goods) triggered a relief rally across markets. As a result, BTC has resumed moving up with US equities. 

This rally has led to a rise in short-tenor implied volatility and a recovery in BTC’s put-call skew, indicating that traders are seeking upside exposure.

Please check out the report’s highlights.

Perp open interest rises across the board

Perpetual open interest increased significantly this week across various tokens, especially ETH. Perpetual trading volumes also rose. Notably, Ap 7, 2025 recorded the highest trade volume of the month, following Trump's comment, "Forget markets for a second, we have all the advantages."

BTC option open interest shows a mixed picture; put-call skew in short tenor sends positive signals

President Trump’s recent willingness to negotiate a trade deal with China’s President Xi triggered a relief rally across asset classes, including crypto. Bitcoin had already risen 7% since Apr 21, 2025, prior to Trump's comments. Despite this rally, open interest in puts has outpaced calls, with options volume remaining relatively balanced. 

It's unclear if the demand for puts reflects a hedge against downside risks, or a bet against the upward movement. Meanwhile, perpetual funding rates are providing limited insight into sentiment. However, the recovery of the put-call skew at short tenors indicates that traders are seeking upside exposure to the rally — and are willing to pay for it.

ETH unexpectedly outperforms BTC in this relief rally

ETH's response to the recent crypto market recovery has diverged from previous trends: it outperformed BTC in spot prices, a rarity in past rallies, and open interest in calls exceeds that in puts — opposite to BTC's trend. In addition, ETH call open interest is nearly double that of puts, with calls dominating options volumes. This suggests traders anticipate ETH will reduce its significant underperformance against both BTC and other “ETH killers” like SUI and SOL. Additionally, the spot rally has led to another term structure inversion for ETH.

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Bybit X Block Scholes crypto derivatives analytics report (Apr 24, 2025): Put-call skew recovers at short tenors, showing reviving sentiment

DeFi

web3

The Bored Ape Yacht Club NFT collection is fast becoming a household name, with its unique, almost instantly recognizable design attracting many fans. Here's the run-down. The Bored Ape Yacht Club NFT collection is fast becoming a household name, with its unique, almost instantly recognizable design attracting many fans. Here's the run-down.

What-Is-the-Bored-Ape-Yacht-Club-NFT-Collection-All-About_1600x900.jpg

Bored_Ape_Yacht_Club.png

Bored Ape Kennel Club

Mutant Ape

Otherdeed

. When it comes to crypto-collectables like these, not all collections are created equal. In particular, the Bored Ape Yacht Club NFT collection is fast becoming a household name — not just for those in the know, but in mainstream media as well. With its rising popularity, it looks to dethrone 

The collection’s unique, almost instantly recognizable design has attracted large numbers of fans. Among them are celebrities and influencers such as rapper Eminem, television host Jimmy Fallon and billionaire entrepreneur Mark Cuban. This has only increased the hype, leading to soaring prices. In the last year, professional traders have been 

 and reselling them, making up to tenfold profits.

In this guide, you’ll learn what the Bored Ape Yacht Club collection is, why it’s so popular, and how it’s garnered such a strong fan base.

What Is the Bored Ape Yacht Club NFT Collection?

Bored Ape Yacht Club NFT (Image source: 

The Bored Ape Yacht Club is a digital art collection of 10,000 different 

. Each image depicts a cartoon ape in profile, decked out in various colors and traits, with unique facial expressions. The collection was launched in April 2021, with many celebrity owners taking a keen interest and purchasing them. Since its launch, the collection has risen in value by several thousand percent. They’re commonly used as 

 on social media profiles. Aside from that, these NFTs also serve as entry passes to an elite social club.

The hype behind this NFT collection is helping it skyrocket in price. FOMO could lead to further price increases, especially if more celebrities make investments.

The NFT space had its first breakthrough in 2017 with the launch of 

 launched. However, their popularity quickly waned when the crypto market crashed. A couple of years later, when investors came flocking back to the crypto space, the foundation for NFTs was already established. The entire space 

Likewise, the CryptoPunks collection experienced a resurgence, with its most expensive NFT 

. Currently, the popularity of NFTs is being fueled by the 

, in which NFTs will play an important role, serving as certificates of ownership of goods, other items and 

It’s no surprise that a new and tremendously popular collection has emerged. In April 2021, the Bored Ape NFT collection seized its moment. Its 10,000 images quickly sold out for 0.08 ETH per NFT. At the time, that translated to around $190. As of June 2022, the cheapest one will set you back 89.9 ETH, which amounts to approximately $107,000 at the time of writing.

The Bored Ape Yacht Club collection, otherwise known as BAYC, is now one of the most popular NFT collections globally. It gained traction in July 2021, and its prices have kept pace with the growing interest. Let’s take a look at the project’s creators and its remarkable popularity.

is the company behind the Bored Ape Yacht Club. When BAYC was launched, the company had four core members, all working under pseudonyms: No Sass, Gargamel, Emperor Tomato Ketchup and Gordon Goner. The team now counts 11 members from diverse ethnicities and cultures, demonstrating how designers and entrepreneurs from distinct backgrounds can cooperate and serve as an inspiration to the world.

Every team member is extremely passionate about NFTs, each one having spent the majority of their life playing video games. They understand what NFTs mean for the future, and are 

 that will hopefully leave a lasting mark in the NFT space.

The team is taking advantage of their abundant gaming experience and is currently working on a 

The clearest reason for BAYC’s popularity is the current hype around the NFT space, which attracts millions of potential investors seeking profits. But there’s more to it, including the following factors:

Let’s look at each of these components in turn.

There are only 10,000 Bored Apes available. While that number might sound like a lot, it’s a small number for the whole world. A global population of almost 8 billion means that only 0.000125% can get their hands on a Bored Ape NFT. 

Aside from the relatively small collection, some pieces are rarer than others and are therefore significantly more valuable. In addition, there’s a subjective appeal to certain stylistic aspects, such as clothing, color and facial expression.

Another reason for Bored Ape Yacht Club’s undeniable traction is that dozens of celebrities have decided to invest in them. Additionally, some have flaunted their purchases on social media, drawing in masses of less illustrious fans.

Celebrities who have purchased Bored Apes include Eminem, Jimmy Fallon, Shaquille O’Neal, Gary Vaynerchuck, Post Malone, Mark Cuban and Stephen Curry. The list keeps growing, with the added exposure leading to even more celebrity investment and media coverage. Consequently, the general public has become aware of the Bored Ape Yacht Club NFT collection, in turn generating more hype.

The collection has also been featured in the music video of “

“. The latest hit album by Snoop Dogg and Eminem currently has over 13 million views on YouTube. This has generated a ton of hype as the usually static Bored Ape avatars owned by Snoop Dogg and Eminem were brought to life in animation, as the legendary rappers showed their support for the blue-chip NFT collection.

BAYC’s most notable collaborator is Adidas. The company has teamed up with Yuga Labs LLC to release its own Bored Ape Yacht Club-style NFTs. Those who purchase Adidas NFTs will receive merchandise — featuring NFT Bored Apes purchased by Adidas.

Adidas Originals’ Twitter avatar during their BAYC collaboration (Image Source: 

On top of that, owners of BAYC and Mutant Ape Yacht Club NFTs (which we’ll discuss below) have early access to some of the 20,000 Adidas NFTs. Their release was a hit, earning the company 

in profits within a single afternoon. One of the reasons for its smashing success was that the project involved brands such as Adidas® Originals, 

 and BAYC. Many NFT aficionados made use of this early access, purchasing plenty of works from the collection.

Another exciting project that’s attracting attention is a partnership with 

. The companies are working on a joint gaming project that looks to expand the usability of Bored Ape NFTs. Given the successes behind Animoca Brands and the passion that Yuga Labs has for gaming, the expectations are high.

Remember, there’s a finite number of Bored Apes in BAYC. If you want to belong, there’s a limited chance — and being in the same “club” as all the abovementioned celebrities can bring perceived benefits. There are already Bored Ape Yacht Club events for their NFT community.

The club’s gathering in NYC occurred at 

, which brought together numerous Ape owners. They even dressed like their Ape NFTs so that other members could easily recognize them.

If you think of BAYC as a social club which includes various celebrities, it’s clear where the NFT hype is coming from. Owning at least one of the Apes provides access to an event that might be attended by the likes of DJ Khaled or Jimmy Fallon, and FOMO leads to even more sales. Additionally, the 

 outlines future plans for the popular NFTs. Owners seem to have plenty to look forward to.

The creators of BAYC haven’t been idle. They’ve continued to create more content and perks for BAYC owners, which is an excellent approach to keeping the community engaged. Currently, the BAYC ecosystem consists of four related projects. The Bored Ape ecosystem governance token, 

, and three other NFT collections called Bored Ape Kennel Club, Mutant Apes, and Otherside.

token developed as the utility token of BAYC. The APE token was launched on March 17th, 2022 to power the entire BAYC ecosystem and serve as a governance token for the 

. This decentralized autonomous organization is governed by BAYC holders or APE token holders and is overseen by the 

which ensures that ideas of the DAO community are brought to fruition.

The APE token has gained a huge following after its 

 NFT project exploded in popularity. The total circulating supply of ApeCoin is capped at 1 billion, of which 150 million tokens were airdropped to Bored Ape, Mutant Ape and respective Kennel NFT holders.

The team at Yuga Labs have outlined their intentions of making APE the de facto currency for a vast ecosystem of projects building on the Otherside metaverse. Third-party projects like 

, a popular Animoca Brands mobile video game have announced an integration with ApeCoin, in which players can earn in-game tokens that can be exchanged for APE.

As more projects come to support the APE token, we could foresee a future where dozens of NFT projects are integrated with ApeCoin as a means to attract users from the BAYC and surrounding NFT ecosystems.

 is another NFT project exclusively for BAYC owners. The premise of the project is that every Bored Ape needs a companion — thus, the Kennel Club was born. Each BAYC owner was given the chance to adopt a “dog companion” to their Ape, free of charge (

 gas fees aside). That gave BAYC owners a chance at a completely new NFT from the launching collection to add to their own.

Bored Ape Kennel Club NFT (Image source: 

The dogs have never been available for sale, making them all the more exclusive. BAYC owners were given a one-week period to “rescue” their furry companions, after which unclaimed Kennel NFTs were removed from the collection.

The project generated even more hype because BAYC owners had to remain patient after minting their token to meet their pet — as the actual Kennel NFTs were only revealed at the end of the week. Like their Ape companions, each dog is unique, with its own design elements, colors and accessories.

These NFTs might receive roles in the upcoming game, which is in development, but for now, they’ve created additional FOMO for NFT collectors.

This is all another way of keeping the community engaged. The digital dogs were introduced as a gift to BAYC owners. Even though there was a copyright fee on each transaction, all the proceeds will be donated to charities. At the top of the list are no-kill animal shelters.

Aside from the opportunity to adopt virtual pets, in August 2021 owners of the BAYC NFTs received a “mutant serum”, which transformed their Bored Apes into Mutant Apes – essentially allowing Ape owners to mint a new, mutant version of their ape NFT.

The Mutant Ape BAYC collection is also highly valued, with their rarest serum sold for a whopping $5.8 million, driving even more value into the billion-dollar ecosystem. We’re likely to see additional events in with this collection as the developers have plans for the future.

Their most recent release comes in the form of a deed to the land of the Bored Ape 

 is a Massive Multiplayer Online Role-Playing Game (MMORPG) set in its own world, where the entire NFT community is invited to explore and interact within a new digital world.

As previously mentioned, the Otherside metaverse will utilize 

 as the main currency to buy in-game NFTs such as merchandise, and pay for services and events held in the metaverse world.

Otherdeed is the key to claiming land in Otherside. Each 

 has a unique blend of environment and sediment, some with resources and others with powerful artefacts. The first 100,000 Otherdeeds were available for sale on April 30, 2022. The other 100,000 Otherdeeds were awarded to Bored Ape and Mutant Ape holders, along with contributors of the Otherside metaverse.

 that they have acquired the IP to two of the most popular NFT collections on OpenSea, 

 and Meebits. The agreement with Larva Labs gave Yuga Labs control over both brands, art copyrights and IP rights, along with 423 CryptoPunks and 1711 Meebits.

While the team at Yuga Labs is working to bring additional utility to both collections, nothing has been confirmed as they have mentioned that they would be listening to the communities before deciding what comes next.

Setting the Stage for a New Generation of NFTs

BAYC is a great example of what people may expect from the NFT market in the coming years. More NFT communities and ecosystems will be evolving as greater numbers of collections appear, giving them further purpose and applications. It looks like the team behind BAYC has the right idea.

We’ll have to wait and see how the BAYC team incorporates already-existing NFTs in their upcoming game, but they’re partnering with some of the premier blockchain game developers, including 

. Still, with the whole space in its infancy, there’s plenty of ground to cover.

BAYC is an excellent example of how creative people can introduce an ecosystem around an NFT product, motivating others with their fresh and continually evolving approach. There is even a 

 collection – a satirical take on the original – which features 

 instead of right. Unfortunately, the collection has since been taken down on OpeaSea.

As the NFT landscape evolves, there are also new ways of owning a slice of the NFT pie. With high-value NFTs such as the Bored Ape collection, it will be increasingly costly to wholly own your own NFT. Some owners are thus exploring 

 against digital artist Ryder Ripps for re-minting and releasing an exact copy of the BAYC collection. The NFTs were then sold to the public as a separate collection called RR/BAYC. Since then, an announcement regarding the lawsuit was made on 

 and the RR/BAYC collection has been removed from 

On top of that, Ripps has been documenting a pile of neo-Nazi and racist evidence against Yuga Lab which can be found on his website. He claims that these references have been incorporated into the Bored Ape design, and released an hour-long 

 in collaboration with popular YouTuber Philion, titled "BORED APE NAZI CLUB".

 any connections to extremist imagery or cultural references and has dismissed Ryder's content as an elaborate troll. Yuga Labs says they have filed a lawsuit to “put a stop to the continuous infringement, and other illegal attempts to bring harm” to the company and the BAYC community.

Investing in the crypto space involves considerable risk. The market is volatile, and prices can drop drastically. Nevertheless, Bored Ape Yacht Club has continued to receive endorsements from celebrities and influencers, which has greatly boosted the value of their entire collection.

While investors and crypto-savvy individuals big and small continue to invest in the crypto space globally, your approach should be based on your risk appetite. The first rule is to invest only what you can afford to lose. If we look at the history of cryptocurrencies, one thing’s for sure: as with stocks and other commodities, the overarching trend is the growth that has repeated itself throughout the years.

The same history follows the NFT space, but investing in smaller fractions might be a better approach. The decision is in your hands. If you can afford to invest in Bored Ape Yacht Club NFTs, you’ll become a member of a club that many others have already joined.

The creators behind the BAYC collection have built a community of like-minded people who use NFTs as membership cards. The project’s team has found ways to keep its community engaged by implementing new NFTs and events. We’ve yet to see how the NFT ecosystem will continue developing, but so far, things look quite promising.

If you’re eager to know more about NFTs, please check out 

, where you can learn more about the entire NFT space. If you’re ready to start trading NFTs, check out 

What Is the Bored Ape Yacht Club (BAYC) NFT Collection All About?

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