In the ever-evolving world of NFTs and blockchain technology, a new milestone has been reached with the launch of Serum City, a city-building game that ingeniously integrates NFT assets from the prestigious Yuga Labs’ Mutant Ape Yacht Club, along with other noteworthy collections. This game represents not just a leap in NFT utilization but a bridge connecting diverse digital asset communities under a singular, engaging platform.

A Collaborative Endeavor: Novel Labs and Faraway

Crafted by the innovative minds at Novel Labs and Faraway, Serum City was initially unveiled last April, stirring excitement within the NFT community. With the first season now rolling out, those holding the coveted Serum City NFT pass are at the forefront of experiencing this unique blend of gaming and digital collectibles.

Access to this digital metropolis is exclusive, reserved for holders of NFTs from select collections such as Mutant Hounds, Mutant Cartel, Bored Ape Yacht Club, and the Mutant Ape Yacht Club. The minting of an access pass is complimentary, with the standard Ethereum network gas fees being the only charge.

Expanding Horizons: Inclusive Gaming Seasons

Looking ahead, the developers have shared with Decrypt’s GG their plans to gradually broaden access with each new season, bringing more players into the fold. This strategic rollout underscores the game’s potential to grow and adapt, welcoming approximately 39,000 NFTs from the mentioned projects as eligible participants in this digital renaissance.

Serum City not only leverages the Ethereum blockchain but also integrates ApeCoin as its in-game currency, spotlighting the Mutant Ape characters. While it operates independently of Yuga Labs, the synergy between the game’s co-developer Faraway and Yuga Labs hints at a collaborative future that could redefine NFT gaming.

The Future of NFT Gaming

As Serum City unfolds, it joins a lineup of anticipated projects, including a free-to-play version of Yuga’s Dookey Dash and an Otherside-themed mobile game. These developments are not just expansions of the Yuga Labs universe but are indicative of a broader shift towards integrating NFTs in gaming, enhancing the player’s experience with ownership and investment in digital worlds.

I haven't stopped playing @Serumcity since I picked up this Oath pass on the @farawaygg marketplace for .12 ETH today.

Today @ervango came on @OTHERspaceFM and dropped the ALPHA that Oath passes are rarest then Mutant hound passes then BAYC/MAYC passes.

This may matter in the… pic.twitter.com/RqmXB2i0Be

— BaronVonHustle.eth (@TheeHustleHouse) February 2, 2024

TL;DR

Serum City marks a significant evolution in NFT gaming, blending assets from Yuga Labs’ collections with innovative gameplay. Exclusive to certain NFT holders, it promises expansion and inclusivity with each season. Beyond its gameplay, Serum City fosters collaboration between developers and sets the stage for future NFT-integrated gaming experiences.

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Yuga Labs, renowned for its groundbreaking contributions to the NFT space, is once again making headlines. This time, it’s in collaboration with Faraway Games, a formidable name in the gaming industry. After the resounding success of Dookey Dash, they’re joining forces to launch a new game set to revolutionize the Web3 gaming world. Let’s dive into what this partnership means for the future of blockchain gaming and how Yuga Labs’ expertise will shape this new venture.

Yuga Labs: A Trailblazer in the NFT Realm

Before delving into the upcoming game, it’s crucial to understand Yuga Labs’ impact on the NFT landscape. Yuga Labs is not just a company; it’s a phenomenon in the digital art world. Known primarily for Bored Ape Yacht Club (BAYC), one of the most successful NFT projects to date, Yuga Labs has consistently pushed the boundaries of what digital ownership and art can be. Their approach to NFTs is not just about creating digital assets but fostering a community and a sense of belonging among its members.

Explore. Craft. Conquer. Rise. Kodas make the best Captains.

Coming 2H 2024 pic.twitter.com/y5OorfFw9n

— Yuga Labs Gaming (@yugalabsgaming) January 30, 2024

Faraway Games: Pioneering the Gaming Experience

On the other side of this partnership is Faraway Games, a company that has made significant strides in the gaming sector. Their focus on immersive gameplay and innovative design has set them apart in a highly competitive industry. Faraway Games brings a unique perspective to the table, one that perfectly complements Yuga Labs’ vision for the NFT space.

The Upcoming Game: A Glimpse into the Future of Web3 Gaming

The details of the new game are still under wraps, but the excitement is palpable. From the teaser shared, the game promises to be an adventure in the realm of Web3, encouraging players to explore, craft, conquer, and rise to new heights. The intriguing aspect is the mention of Kodas, presumably a reference to the creatures from the Bored Ape Yacht Club universe, which are hinted to play a significant role in the game.

The Mobile Approach and Crypto Integration

What sets this game apart is its apparent focus on mobile gaming, a strategic move considering the widespread use of smartphones for gaming. The game is likely to feature ‘crypto sinks’, a mechanism where players can use cryptocurrency (in this case, ‘ape’, referring to the ApeCoin associated with BAYC) to purchase boosts and additional items. This integration of cryptocurrency into the gaming experience not only enhances gameplay but also deepens the connection between NFTs and gaming.

Conclusion: A New Era of Blockchain Gaming

This collaboration between Yuga Labs and Faraway Games represents a significant step forward in the evolution of blockchain gaming. By combining Yuga Labs’ expertise in NFTs with Faraway’s gaming prowess, this new game is poised to offer an unprecedented gaming experience, blurring the lines between digital ownership and interactive entertainment.

TLDR: Yuga Labs and Faraway Games are joining forces to create a new game in the world of Web3, following the success of Dookey Dash. This game promises to integrate NFTs and crypto in a mobile gaming environment, potentially changing the landscape of blockchain gaming.

The post Yuga Labs and Faraway Games Embark on a New Web3 Gaming Venture: A Deep Dive into the Upcoming Title appeared first on NFT CULTURE.

In a landscape where innovation is the cornerstone, the newly launched $APE Accelerator by Forj is poised to be a game-changer in the ApeCoin ecosystem. This trailblazing initiative has officially opened its doors for applications, with the first cohort of projects slated to kickstart their Web3 ventures to the ApeCoin community from Q4 2023.

The $APE Accelerator is the brainchild of Forj, a subsidiary of Animoca Brands, and emerges on the scene following the successful approval of AIP-209, a proposal floated within the ApeCoin DAO’s Idea Proposal system. This accelerator is envisioned to be a catalyst in bolstering the ApeCoin ecosystem and amplifying utility for ApeCoin holders.

Yat Siu, Co-founder of Animoca, underscored the essence of community-driven initiatives like the $APE Accelerator that encapsulate the spirit of Web3 entrepreneurship. In this paradigm, the holders of APE are not merely spectators but active participants steering the innovation wheel for the ecosystem they are intertwined with.

The $APE Accelerator is more than just a launchpad; it’s a collaborative arena where the ApeCoin community of over 200,000 can back approved projects through the $APE Launchpad by acquiring NFTs and other tokens. They also hold the power to vote on proposals, deciding which projects get the green light.

Harry Liu, the CEO of Forj, heralded the launch as the dawn of a new era of innovation for the ApeCoin community. The $APE Accelerator is an open invitation for founders harboring exciting Web3 projects to step forward, apply, and be part of a mission to enrich the ApeCoin ecosystem.

The excitement surrounding the $APE Accelerator is palpable as it lays down a roadmap for the future of online ecosystem growth. All eyes are set on the incredible new projects that will burgeon under this program, reflecting the boundless potential and the collaborative spirit of Web3 entrepreneurship.

The $APE Accelerator isn’t just a milestone for the ApeCoin community; it’s a beacon of what’s possible in the expansive world of Web3 when a community comes together to foster innovation and drive value for token holders. As project applications start pouring in, the journey of the $APE Accelerator is something to keep an eye on, marking the contours of an inspiring narrative in the Web3 realm.

TL;DR: Forj, a subsidiary of Animoca Brands, has officially launched the $APE Accelerator to boost the ApeCoin ecosystem. The accelerator, backed by the ApeCoin DAO, invites applications for innovative Web3 projects, offering a launchpad to the ApeCoin community from Q4 2023. This initiative underscores the essence of community-driven Web3 entrepreneurship, with APE holders actively participating in the innovation journey.

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The NFT community is buzzing with anticipation as Machi’s audacious Apecoin proposal, which has been shrouded in drama for months, is finally reaching the voting stage today. The proposal, if accepted, could redefine the way we look at NFTs, bringing them out of digital wallets and into tangible, physical spaces – museums.

Breaking Down the Apecoin Proposal

Machi’s proposal is centered around the use of a staggering 11,000,000 $APE to acquire a selection of Apes, Mutants, and Punks. The end goal? To showcase these digital assets in museums, elevating their status from mere collectibles to recognized pieces of art.

A new governance token, aptly named $DAM, will be introduced post the proposal’s acceptance. This token’s primary function will be for “the selection and curation of the NFTs.” To foster a sense of ownership and community participation, individuals will be allowed to secure their $DAM allocation by time-locking their $APE. This move appears to be a strategy to offset the potential selling pressure induced by the deployment of 11,000,000 $APE.

The proposal assures that at least 50% of the capital will be put to use within the first year, ensuring swift execution and realization of this ambitious project.

Additionally, a clause ensuring no direct NFT purchases from Machi has been integrated into the proposal, fostering transparency and keeping conflict of interest at bay.

The Market’s Response

The potential of an 8-figure capital inflow into the market is being hailed positively by many, including the original poster, who seems enthusiastic about introducing this new buying entity to their collection.

However, CirrusNFT’s comment sheds light on the humorous undertone of the situation. As the proposal is discussed and analyzed, it seems Machi is continually placing them into bids, reflecting the volatile and ever-entertaining nature of the NFT space.

Hilarious part about this is that he continues nuking them into bids as you read this pic.twitter.com/nnePKZF7eg

— Cirrus (@CirrusNFT) September 13, 2023

TL;DR: Machi’s Apecoin proposal, involving the use of 11,000,000 $APE to buy and place NFTs in museums, is up for voting. If accepted, a new governance token $DAM will be introduced. Users can obtain $DAM by time-locking $APE. The proposal aims for swift execution, with 50% of the funds being used in the first year. While the proposal is seen as a significant move, some find humor in Machi’s continued bids.

The post Machi’s Grand Apecoin Proposal: A Pivotal Moment in the NFT Landscape appeared first on NFT CULTURE.

In an exciting turn of events, a multitude of prominent NFT projects took to their social media platforms on July 6th, 2023, to tease a highly anticipated game called Otherside: Legends of Mara (LOTM). With the participation of projects including:

• World of Women
• Forgotten Runes Wizard’s Cult
• Mutant Hounds
• Gremplins Toadz
• Renga
• Meebits
• Wagmi-san (10kft)
• Bored Ape Yacht Club (featuring their HV MTL)

The announcement has sent ripples of anticipation throughout the NFT community. In this blog post, we will delve into the details of LOTM and explore its connection with the Otherside Koda collection, as well as the introduction of the new Mara collection.

Bridge worlds. Close ranks. Slay Shattered. Tame Otherside. pic.twitter.com/9ciQbktrYs

— Othersidemeta (@OthersideMeta) July 6, 2023

Introducing Legends of Mara

LOTM, also known as Otherside: Legends of the Mara, is an upcoming 2D standalone gaming experience powered by ApeCoin. This unique game offers players an immersive journey into the mysterious world of the Otherside, where the legends of Mara await. The game introduces an exciting concept where players will be entrusted with a Vessel, setting the stage for an unforgettable adventure.

Otherside Koda Collection

Central to the LOTM experience is the Otherside Koda collection, a coveted set of NFTs. These NFTs, held by the community, will play a significant role within the game. As a generous gesture, every Otherdeed holder will receive a Vessel, providing a gateway to the captivating realm of Mara. The inclusion of the Otherside Koda collection ensures that existing NFT holders can directly engage with and contribute to the Legends of Mara gameplay.

Evolution with Mara and Kodamara: LOTM presents an exciting opportunity for players to engage with the brand new Mara collection, which holds the potential to evolve into Kodamara. As players progress through their adventures in the game, they will have the chance to unlock and discover various Mara NFTs, each possessing unique characteristics and attributes. The evolution of these Mara NFTs into Kodamara represents an intriguing aspect of the game, offering a sense of progression and accomplishment for players.

Unveiling the Mystery

While the exact details of Legends of Mara are yet to be fully disclosed, the teaser campaign initiated by prominent NFT projects has successfully piqued the curiosity of enthusiasts and collectors alike. The collaboration between these projects and LOTM promises an exciting fusion of diverse NFT communities and their respective ecosystems, further enhancing the immersive gaming experience that awaits players in the Otherside.

The announcement of Legends of Mara, accompanied by the active participation of notable NFT projects, has created a buzz of anticipation within the NFT community. With LOTM being a standalone 2D game powered by ApeCoin, players will embark on an adventure within the enchanting realm of the Otherside. The Otherside Koda collection, along with the introduction of the Mara collection and its evolution into Kodamara, adds an extra layer of depth and excitement to the game. As we eagerly await further details about Legends of Mara, it is clear that this upcoming game has the potential to bring together diverse NFT communities and deliver an immersive gaming experience like no other.

The post Legends of Mara Announcement: NFT Projects Tease the Upcoming Yuga-Based Game in the Otherside appeared first on NFT CULTURE.

ApeCoin DAO, the Web3 organization associated with ApeCoin, has recently come under fire for its high payouts and alleged detachment from the community. The DAO has been paying salaries and fees of up to $75,000 per month to its leadership board, leading to criticism of their remuneration practices.

The controversy was sparked when the ApeCoin DAO secretary, known as Vulkan, shared an organizational chart on Twitter, revealing the salaries of the governance board. Many people expressed outrage at the disproportionately high salaries of certain positions, particularly the moderators responsible for managing the community forum.

Web3 observers took to social media to voice their frustration with the organization’s administration. One observer, Satvik Sethi, commented on the chart, questioning how to apply for a position at ApeCoin and expressing disbelief at the $8,000 monthly salary for moderators. Another critic stated that the leadership seemed out of touch and disconnected from reality.

ApeCoin was introduced in March 2022 as a cryptocurrency token within the Bored Ape Yacht Club ecosystem, with the aim of expanding culture, gaming, and commerce. It’s important to note that ApeCoin and ApeCoin DAO are technically independent of Yuga Labs, the company behind Bored Ape Yacht Club, to avoid potential issues with regulatory authorities like the U.S. Securities and Exchange Commission.

as apecoin token price hits all time low, the monthly payments to administrators of the DAO hit ATH pic.twitter.com/ymOEm4ilPU

— KBB (@KingBlackBored) June 11, 2023

The controversy surrounding ApeCoin DAO’s salaries and roles has sparked a healthy debate within the Web3 community about decentralization and the operations of DAOs. The topic remains a subject of ongoing discussion, as the industry continues to explore the best practices for implementing decentralized governance.

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In a now deleted tweet, leading luxury brand Gucci has made massive waves this morning.  On twitter,  they announced via a tweet that they are now accepting @ApeCoin payments via @BitPay,select Gucci boutiques in the USA expand the range of cryptocurrencies available for in-store purchases, yet another step in the House’s exploration of Web3.  For the first time ever, holders of this crypto currency will be able to buy physical goods with the coin that was derived from the BAYC economy.

Update: They have added an additional tweet with essentially the same information (and another typo).

While the tweet remains true, the announcement is a bit more lackluster as bitpay has added apecoin and Euro Coin to their expanded coin integrations.  You can read the press release here.

“We added ApeCoin and Euro Coin because customers of our luxury merchant partners asked for it,” said Stephen Pair, BitPay CEO. “They asked, and we delivered.”

We have reached out for confirmation or denial based on the deleted tweet. Details to follow. 

The Gucci story is a tale of luxury, fashion and style. It is one of the most iconic brands in the world.

In 1881, Guccio Gucci founded his company as a saddlery shop in Florence, Italy. His son Aldo would later take over the family business and turn it into a luxury goods empire.

Gucci became an international company in 1963 when it was acquired by Investcorp, an investment company based in Bahrain and London.

In 2000, Gucci was acquired by PPR (now known as Kering), a French multinational conglomerate that owns brands such as Balenciaga, Saint Laurent and Alexander McQueen.

Gucci has since grown to become one of the world’s leading luxury fashion brands with over 60 stores worldwide.

You can also see how other luxury brands have been embracing NFTs in our article here.

About ApeCoin

Culture has found new expression in web3 through art, gaming, entertainment, and events. The possibilities for blockchain’s impact on culture are so endless that they can’t possibly all be predicted yet. APE is a token made to support what’s next, controlled and built on by the community. It will serve as a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse.

ApeCoin (APE) is the native ERC-20 token of the Bored Ape Yacht Club NFT collection, a subsidiary of Yuga Labs. ApeCoin will be the primary token used across the Ape ecosystem, a world of Web3 games, experiences and communities. In addition to spending with BitPay merchants, APE holders can turn ApeCoin into cash instantly with the BitPay Card, plus buy gift cards for top brands and retailers. BitPay app users can also buy, store and swap APE seamlessly.

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We’re stoked that Coinbase is making a film series featuring the BAYC community. Bored Ape NFT holders, submit your ape for casting, details below. Mutants, don’t worry – this is the first film in a trilogy, and you’ll be getting your own casting call for part two. The team confirmed that the first part of the movie will premiere  at this years NFT.NYC event now in June.

Coinbase has been making headlines over the last 6 months teasing their imminent marketplace.  This push will likely get key NFT holders to install coinbase wallet and may take market share from Metamask.

Here’s how you can help us make this movie:
Get
@CoinbaseWallet

Submit your Bored Ape
Hide an easter egg

We’re stoked that Coinbase is making a film series featuring the BAYC community. Bored Ape NFT holders, submit your ape for casting, details below. Mutants, don’t worry – this is the first film in a trilogy, and you’ll be getting your own casting call for part two. https://t.co/lhsbg4AnuZ

— Bored Ape Yacht Club (@BoredApeYC) April 11, 2022

Yuga Labs is the creator of Bored Ape Yacht Club, a project consisting of 10,000 ape-themed NFTs with different traits and unique characteristics. They recently acquired the rights to CryptoPunks and Meebits from Larva Labs.

Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. Our mission is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency.

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Yuga Labs does it again.  The creators of BAYC, Kennel Dogs, Mutant Apes, and acquirers of Crypto Punks and Meebits made news recently with the launch of $APE and the announcement of the future metaverse (with an additional 10k avatar project embedded) have just closed a funding round that values the company at around $4 Billion dollars in fiat.

Other participants in the round include   Animoca Brands, LionTree, Sound Ventures, Thrive Capital, FTX and MoonPay as well as celebrities and fashion brands including Vaynerfund, Adidas Ventures, Dez Bryant, Shaq, Snoop, Timbaland, Steve Aoki, 3LAU, and more.

Their next step is the launch of their metaverse that is rumored to be priced between 1-3 ETH and available to purchase using $APE token.  Based on leaked reports earlier this year the Land sale, now known as the Otherside will likely be released in 2 installments. The first of which will be sold in April.  Rumors also include free claims for the BAYC (and MAYC) as well as the crypto punks.  According to those leaks the team was looking to raise around $400m from that sale. It will be interesting to see if those leaks were accurate (as everything else appears to be).  Other considerations for their metaverse include how functional it will be at launch.  The team has been working on creating 3d versions of the avatars for some time and since they have openly partnered with Animoca Brands, we suspect that the universe will be at least playable in some form at launch.

We will share more details as they arise but be on the look out for many more announcements related to both the funding round and the $APE coin in the near future.

See you on the Otherside in April. Powered by @apecoin pic.twitter.com/1cnSk1CjXS

— Yuga Labs (@yugalabs) March 19, 2022

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Benji Bananas is a free-to-play mobile game from Animoca Brands available for download on the App Store and Google Play. It is a popular action game (over 50 million downloads) in which players make Benji the monkey and his friends leap from vine to vine through the jungle.

The transition of Benji Bananas to P2E begins with the sale of the First Edition of the Benji Bananas Membership Pass (‘Benji Pass’) starting at 9 p.m. (EST) on 17 March 2022. Benji Pass is an NFT (ERC-1155) that allows owners to earn special tokens by playing Benji Bananas, and that also allows those tokens to be swapped for ApeCoin!

What is ApeCoin

ApeCoin (APE) is an ERC-20 governance and utility token used within the ApeCoin DAO ecosystem to empower a decentralized community building at the forefront of Web3. Follow ApeCoin on Twitter to find out more about ApeCoin and associated initiatives or visit the ApeCoin website at https://apecoin.com/.

All owners of Bored Ape or Mutant Ape NFTs will receive ApeCoin via airdrop on 17 March 2022, and everyone else can get ApeCoin on major exchanges like Coinbase, FTX, Huobi, and more.

Sale: First Edition Benji Bananas Membership Pass

• Date and Time: 17 March 2022, 9 p.m. (EST)
• Supply: 5,000 passes
• Cost: 25 ApeCoin tokens per pass
• Max: 5 passes per transaction

How to participate in the sale:

1. Install and set up a Metamask wallet if you have not already done so
2. Before the sale, make sure you have enough ApeCoins to pay for the Benji Pass plus ETH to pay for gas
3. Visit the official website of Benji Bananas at https://www.benjibananas.com
4. Connect your Metamask wallet to the Benji Bananas website
5. Approve it to use the ApeCoins in your wallet
6. The sale page will become available at 9 p.m. (EST) on 17 March 2022
7. After entering the sale page, select the number of passes you wish to purchase (limit: 5 passes per transaction)
8. Click ‘Buy Pass’ and confirm the transaction in your Metamask wallet
9. After the transaction is completed, you will be able to see your NFT on OpenSea

After that, you’re set up to earn tokens in Benji Bananas, starting in Q2. You will be able to swap those tokens for ApeCoin!

Attention!

The token earned by playing Benji Bananas is not yet officially launched. Do not fall for any scams — check the Benji Bananas Medium page for official announcements and information.

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