The brand new Bored Ape Yacht Membership metaverse mint, ‘The Otherside,’ is simply days away, and the chatter is palpable. Whereas it’s on the heels of the extremely anticipated Ragnarok Meta – at the moment the highest traded NFT challenge in OpenSea over the previous day – there’s loads of pleasure to go round relating to the Bored Ape metaverse play.
In the meantime, a brand new report from a bevy of federal our bodies throughout the globe says that cash laundering and fraud through NFTs is a ache level that must be addressed within the house.
The Nightly Mint
Newest Mint: Otherside Hype
Headed to mint this weekend is ‘The Otherside,’ and the hypothesis alone can pull you right into a dozen completely different instructions into how issues might play out.
The important thing factors you might want to know? Yuga Labs, house owners of arguably the three largest NFT tasks in the marketplace, are releasing land plots across the BAYC challenge – and Yuga has the need to construct an NFT media empire; this might doubtless be step one in that try. The Otherside drops on Saturday and can value roughly 605 APE per plot.
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The brand new BAYC 'Otherside' property can be obtainable for buy solely through the APE token. | Supply: APE-USD on TradingView.com
New Report Relating to Fraud & Laundering
A brand new report from the IRS launched right now highlights a launch from the Joint Chiefs of International Tax Enforcement (or J5) and is titled “J5 NFT Market Crimson Flag Indicators.” The report is hefty, however one bite-sized line that has gained traction throughout publications is that this one:
“Whereas the vast majority of cryptocurrency house owners and people buying NFTs are doing so for righteous causes, criminals search for any strategy to exploit new applied sciences. Cryptocurrencies and NFTs aren’t immune.”
The ‘Minty Contemporary’ Take
There are many Otherside takes floating round NFT Twitter this week, so right here is one actually value contemplating from @osf_nft:
1. The NFT market is about to see the BIGGEST occasion but within the subsequent few days…this is why 👇
— OSF (@osf_nft) April 28, 2022
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