the new tip of BAYC- The Cryptonomist
In today’s NFT News, one cannot miss Yuga Labs’ announcement that they have created one new council for the Bored Ape Yacht Club (BAYC) community.
Not only that, Brian Trunzoleader of Polygon‘s metaverse, said JPEGs are not the future of NFTs and Web3while Starry Night Capital Fund’s collection of more than 400 NFTs appear to have been transferred to a Gnosis Safe account, a multi-signature Ethereum wallet.
NFT News: launch of new BAYC board announced by Yuga Labs
Yuga Labs has announced the launch of the new Bored Ape Yacht Club (BAYC) Council community, aiming to help the project flourish.
Today, Yuga Labs welcomes the first BAYC Community Council who will help us shape the future of the Bored Ape Yacht Club. For more information on the council, visit our official blog at
— Yuga Labs (@yugalabs) 5 October 2022
“Today, Yuga Labs welcomes the first BAYC Community Council to help us shape the future of Bored Ape Yacht Club. For more information on the Council, visit our official blog at.”
The first seven members of the council are beijingdou, SeraStargirl, TheMiamiApe, OxEthanDG, OxWave, negithenagi, peterjfangand was chosen because they have one proven track record of proactively and positively contributing to the club since its inception.
Not only that, Yuga Labs also states that the overall intention of establishing a board for BAYC is to provide the opportunity for new perspectives. Here are the verbatim words:
“Every monkey in our community has directly influenced our decisions from day one. This council, and future councils to come, puts a more formal, efficient and consistent process in place for Yuga management to get feedback and advice from the community on an ongoing basis.”
Polygon’s Brian Trunzo talks about the future of Web3 and NFT
Polygon Studios’ metaverse manager allegedly talked about future use of NFTs and Web3 technology.
In his talk, Trunzo describes how the first NFTs that generated shocking sales were profile pictures and artwork, but predicted that in the future “JPEG” will no longer be the main use case for non-fungible tokens.
On the contrary, it certainly looks like it will be more space for more NFTs of interactive objects for video games, rewards for customer engagement, real estate and more.
To give a practical example, Trunzo cited the announcement of the famous coffee shop chain Starbucks, which launched an NFT program on Polygon called Starbucks Odyssey to give away NFT stamps to customers and to sell premium NFTs, which anyone can provide customers with real-world benefits and experiences.
In this sense, says Trunzo Web3 will be measured in terms of gamification and brand awarenessunlike Web2, which aimed for engagement.
Starry Night Capital’s 400 NFTs have been transferred to the Gnosis Safe address
The premium NFT collection belonging to Starry Night Capitalwhich includes CryptoPunks and other valuable NFT items, has been transferred to a new multi-signature Ethereum wallet address of Gnosis Safe.
NFTs previously collected by Starry Night Capital are moving to a Gnosis Safe address.
These NFTs include:
– Pepe the Frog NFT Genesis, sold for 1000 ETH (~$3.5 million) October 5, 2021
– Fidenza #718, sold for 240 ETH (~$1.1 million) November 13, 2021Some other notable NFTs below👇 pic.twitter.com/8PU13CqMnn
— Nansen 🧭 (@nansen_ai) 4 October 2022
“NFTs previously collected by Starry Night Capital are moving to a Gnosis Safe address. These NFTs include:
– Pepe the Frog NFT Genesis, sold for 1000 ETH (~$3.5 million) October 5, 2021
– Fidenza #718, sold for 240 ETH (~$1.1 million) November 13, 2021
Some other notable NFTs below.”
Basically, The Starry Night Capital NFT fund had been created last year by the cryptocurrency hedge fund Three Arrows Capital (3AC) and an NFT collector under the pseudonym Vincent Van Dough. The original intention was to raise around $100 million to buy popular NFTs and those from prominent artists.
To date, with 3AC’s bankruptcy notice caused by the collapse of the Terra ecosystem and the long crypto winter, it seems that more than 400 NFTs have been transferred to the liquidator Teneo.
In addition to the NFTs mentioned in the tweet, there are also several Cryptoart NFTs by artist XCOPY, which sold for between $1.4 million and $2.3 million in December, and Robbie Barrat’s AI-generated Nude Portrait #7 Frame #184, which sold for $1.1 million in ETH.
Apparently, estimated present value of the portfolio is 625 ETH (less than $840,000 at the time of writing). Research firm Nansen pointed out that 89% of NFTs have low liquidity, with fewer than 35 sales in the past seven days.
