Logo Change Amid Controversy
The Bored Ape Kennel Club (BAKC) has decided to refresh its logo after some eye-popping allegations of intellectual property theft popped up like daisies in spring. Greg Solano, commonly known as “Garga”, tweeted on February 18 that the logo was in the works for a makeover, stating, “We’ll be changing the logo and updating it on our site.” Not quite the news they anticipated!
The Infamous Drawing Guide Copyright Clash
According to the buzz, it turns out the BAKC’s logo bore a resemblance to a wolf skull from a drawing guide for kids by Easy Drawing Guides. Released back in April 2021, this drawing guide predated the BAKC launch by a couple of months. Talk about bad timing!
- Easy Drawing Guides wasted no time asserting their intellectual property rights.
- Garga confirmed they were probing the situation and checking in with the freelance designer.
Sales Surge in the NFT Marketplace
Amid Chupacabra-like battles in the NFT marketplace, sales have soared. OpenSea and Blur have become adversaries worthy of a movie script, with Blur’s token airdrop on February 14 igniting a frenzy. NFT sales volume has reportedly shot up by over 101%, reaching a staggering $524 million. No, that’s not Monopoly money!
A Closer Look at the Numbers
Analytics indicates that while sales have surged, fewer NFTs are being sold—meaning the big fish are swimming in a vast ocean! The power struggle sees Blur dominating trading volume with nearly $400 million, outpacing OpenSea considerably.
Fat-Finger Follies in the NFT World
Meanwhile, the legendary NFT collector known as Franklin experienced a memorable blooper. He ended up accidentally bidding a whopping 35 ETH (approximately $60,000) for one NFT from the Azuki project. That’s more than a minor typo; that’s like mistaking a quarter for a hundred-dollar bill!
As Franklin recounted, “I meant to type a much lower bid with a quantity of 35, but I instead bid 35 ETH for one purchase. Oops!” It must feel pretty sad, yet honorable, to have a moment of such high stakes go so awry.
Starbucks Sips Success with Free NFTs
On a lighter note, Starbucks has entered the NFT realm, with their free NFT collection now catching eyes—and prices. The Starbucks Odyssey Polygon NFT launched in December 2022 is now fetching listings upwards of $2,000—imagine that return on investment!
Although created for free, collectors find significance in these NFTs, with whispers of rewarding experiences such as invitations to exclusive events and even trips to a coffee farm! Who wouldn’t want to sip joe in Costa Rica while holding an NFT?
Other Noteworthy Developments
Meanwhile, on the NFT horizon, KnownOrigin has unveiled no-code smart contracts for creators, making it easier for artists to earn a few extra bucks. Additionally, Neal Mohan is stepping into the role of YouTube chief, with visions of allowing content creators to tokenize their works. Who’s ready for YouTube 2.0?!
