August 9, 2022

The brand new Bored Ape Yacht Membership metaverse mint, ‘The Otherside,’ is simply days away, and the chatter is palpable. Whereas it’s on the heels of the extremely anticipated Ragnarok Meta – presently the highest traded NFT mission in OpenSea over the previous day – there’s loads of pleasure to go round relating to the Bored Ape metaverse play.

In the meantime, a brand new report from a bevy of federal our bodies throughout the globe says that cash laundering and fraud by way of NFTs is a ache level that must be addressed within the area.

The Nightly Mint

Newest Mint: Otherside Hype

Headed to mint this weekend is ‘The Otherside,’ and the hypothesis alone can pull you right into a dozen completely different instructions into how issues might play out.

The important thing factors you should know? Yuga Labs, homeowners of arguably the three greatest NFT tasks available on the market, are releasing land plots across the BAYC mission – and Yuga has the will to construct an NFT media empire; this might doubtless be step one in that try. The Otherside drops on Saturday and can price roughly 605 APE per plot.

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The brand new BAYC 'Otherside' property shall be out there for buy solely by way of the APE token. | Supply: APE-USD on TradingView.com

New Report Concerning Fraud & Laundering

A brand new report from the IRS launched right this moment highlights a launch from the Joint Chiefs of International Tax Enforcement (or J5) and is titled “J5 NFT Market Purple Flag Indicators.” The report is hefty, however one bite-sized line that has gained traction throughout publications is that this one:

“Whereas the vast majority of cryptocurrency homeowners and people buying NFTs are doing so for righteous causes, criminals search for any solution to exploit new applied sciences. Cryptocurrencies and NFTs should not immune.”

The ‘Minty Contemporary’ Take

There are many Otherside takes floating round NFT Twitter this week, so right here is one definitely value contemplating from @osf_nft:

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The author of this content material isn't related or affiliated with any of the events talked about on this article. This isn't monetary recommendation.

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