1 Bored Ape Yacht Club Creators Bought Cryptopunks

The sale is definitely the deal of the year.
"Cryptopunks" — the most expensive and the first NFT collection — a real digital rarity. It was created in 2017, and dozens of tokens were sold for $ millions.
"BAYC" - the second collection in the top, which has become synonymous with digital luxury.

The creators of the second largest collection by capitalization bought the first one and now own the sets, with a total trading volume of $3.2 billion. The sale amount was not disclosed, but part of it was the acquisition of 400 Cryptopunks and 1700 Meebits.

The deal turns Yuga labs into the largest NFT company. Falling sales in the industryobviously has no effect on them. Recently Agency estimated at $5 billion, after which the number of employees in it grew from 11 to 50.

The takeover is a sure sign of the maturation of the collectible NFT space. She will probably soon begin to live according to the laws of ordinary business, and hundreds of% of income in a few days will become an increasingly large exception.

2. Crypto exchange FTX announced a partnership with the Tomorrowland festival

Fans of the Belgian festival will now be able to buy tickets to the event for cryptocurrency, as well as visit its virtual version "Tomorrowland Around The World".

In addition to tickets, there will be an NFT collection of 6 tokens related to the aesthetics and culture of the festival. 500 of them can be won by completing the quest in Tomorrowland. To do this, you need to find 1 hidden locations and scan the code from the bracelet.
In addition to the commemorative NFT, winners will have access to private parties in Belgium from March 23-25.

Tomorrowland is an electronic music festival that has been held in Baum, Belgium since 2005. Since then it has become one of the largest and most famous music festivals in the world. Its duration is usually 3 days, and tickets are sold out in a few minutes.

3. TerraZero has purchased a huge piece of land in Decentraland to build the biggest entertainment center in the metaverse.

The area of ​​the purchased land is 185 parcels, and the price is $2,8 million. The site was previously owned by Carl Fravel, an entrepreneur and digital real estate agent. After this deal, TerraZero hired him as a strategic advisor. Now they are creating a creative space together where you can watch movies, go shopping, and attend concerts and educational events.

TerraZero is one of the biggest real estate agencies in the metaverse, they even do mortgages. The digital real estate market has grown a thousandfold in 2021, with the total amount of land sales for the year exceeding $ half a billion.

Currently the cheapest piece of land in Decentraland will cost 4 ETH ($10), while its main competitor The Sandbox - 2.74 ETH ($7).

4. The new project of Bored Ape Yacht Club developers has been heavily criticized by the community.

Yuga Labs launched a teaser site about the upcoming collaboration with a gaming software developer Animoca Brands, but users began to refuse to register. This is because subscribing to a new product requires users to complete a mandatory Know Your Customer (KYC) process. The tightened requirements of Yuga Labs caused a strong reaction from the cryptocurrency community.

According to one Twitter user, this is a sad day for him, as he will miss out on a product related to the Bored Ape Yacht Club NFT collection for the first time due to unsuccessful KYC.

Some users believe that sooner or later the introduction of KYC will become inevitable for such well-known NFT creators as Yuga Labs. This is a necessary evil if projects are going to scale.

The terms of service were also criticized. The document provides Animoca Brands the right to license, adapt and commercialize any existing or potential user-generated content as part of the new project. Users write in reviews that decentralization is paramount, so ownership of what they create on the Internet should be retained by them. Some users have suggested that Animoca Brands trying to cash in on customers without their voluntary consent.

5. DC Comic-Themed Hybrid NFT Cards Will Be Released by Warner Bros.

The well-known conglomerate Warner Bros. announced that they are working in partnership with the Cartamundi Group to release DC Comics-themed hybrid collectible NFTs. Fans of the DC Multiverse can use the Hro app to access their favorite DC superheroes, supervillains and more.

Warner Bros. will introduce a collection of non-fungible tokens based on the popular comics of the DC multiverse, reports news.bitcoin. The company is expected to release 6 million physical cards, designed by card and board game maker Cartamundi Group, on a designated theme, which will also be linked to NFT.

According to yesterday's post from Warner Bros. new hybrid collectibles will be released through the Hro app platform. It is noted that the cost of new items will vary from $5 to $120, and in total 155 characters will be presented in the collection. The creators noted that the latest movie "Batman" can also be found among the considered hybrid collectible cards, however, in a limited edition.

The premiere of the new hybrid collection is scheduled for the end of this month. It's worth remembering that this is not DC Comics' first foray into the NFT world. Last fall, the company released what has been called “the biggest NFT crash ever.” In addition, over the past year, DC Comics rival Marvel has also issued non-fungible tokens for its superheroes and supervillains.

Chief Executive of Warner Bros. says NFTs give fans "a new option to interact with their favorite characters from the DC multiverse."

“Collectible cards have been a fan favorite for decades. Combining this collectible craze with NFT is brilliant, and this program introduces fans to the DC brand like never before,” said Pam Lifford, President of Warnermedia Global Brands and Experiences, at the time of the announcement.