Yuga Labs Announces Plans For The Merge

Yuga Labs Announces Plans For The Merge

Yuga Labs tweeted out a message to its holders on Wednesday in regards to the upcoming Ethereum Merge in September. 

Yuga Labs let its followers know that the intention will be to only recognize NFTs on the new Proof-of-Stake Ethereum chain in the event of a Proof-of-Work fork that is viable for NFT trading. The team sites that the NFT license will be connected to the Proof-of-Stake token and any upcoming utility attached to Yuga Labs NFTs will be connected to those PoS tokens.

The Ethereum Merge from a Proof-of-Work to a Proof-of-Stake protocol is expected to be taking place on September 15. For more information on what the Merge is and how it will affect your NFTs, check out the breakdown we released earlier this week.

More about Bored Ape Yacht Club

Arguably the most successful NFT project, the Bored Ape Yacht Club (BAYC), is a collection of 10,000 uniquely generated bored apes that are stored on the Ethereum blockchain. Launched on April 23, Bored Ape Yacht Club had a mint price of 0.08 ETH and the collection sold out on April 30, 2021. Since its launch, the project has dropped multiple companion collections including Bored Ape Kennel Club, Mutant Ape Yacht Club, and Otherdeed for Otherside, and has helped onboard a number of high profile and celebrity collectors to the NFT ecosystem.

At the time of publish, the Bored Ape Yacht Club floor price sits at 65.99 ETH, and has stayed relatively flat over the past 24 hours on 1495 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 1 NFTs and no sharp wallets have bought NFTS in the the Bored Ape Yacht Club collection. Catch up on other recent Bored Ape Yacht Club news here.

Recent Bored Ape Yacht Club Sales

#527sold at 11/28 8:11pm for
66.8
#4221sold at 11/28 8:11pm for
69.0
#4570sold at 11/28 7:11pm for
70.9
#2163sold at 11/28 7:11pm for
65.0
#8315sold at 11/28 5:11pm for
80.0

Recent Bored Ape Yacht Club Listings

#8477listed at 11/29 12:11am for
120
#8477listed at 11/29 12:11am for
120
#8477listed at 11/29 12:11am for
120
#8477listed at 11/29 12:11am for
120
#7391listed at 11/29 12:11am for
75.5
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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