Total BAYC thefts take $ 18.5 million, “Ape Now, Pay Later” loans come for NFTs and more

by · July 8, 2022

Total BAYC thefts take $ 18.5 million, “Ape Now, Pay Later” loans come for NFTs and more

A user of the Dune analytics platform has found that more than $ 18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) Nonfungible tokens (NFT) have been marked as stolen or flagged for suspicious activity on Opensea to date.

According to data from Dune, a user known as “Beetle” discovered that 130 BAYC and 268 MAYC NFTs were reported for suspicious activity, along with 153 Azuki’s, 202 CloneX and 70 Moonbirds.

The total market value of stolen NFTs from these remarkable collections amounts to just over $ 25 million.

“Monkey now, pay later”

Decentralized financial lending platform, Teller Finance has launched a new feature that will give users access to a “buy now, pay later” (BNPL) feature to purchase NFTs.

The new feature, humorously titled “Ape Now, Pay Later” is built on the polygon network and allows users to own NFTs directly while paying off the total price tag over time, much like other BNPL services such as AfterPay.

At the time of writing, Teller Finance’s BNPL feature applies to notable NFT collections including: Bored Ape Yacht Club, Mutant Ape Yacht Club, Moonbirds, Doodles, Cool Cats, Azuki, Meebits and more.

Australia launches first NFT ticket music festival

A touring music festival for all ages called “The Grass is Greener” has become the first major Australian music festival to use NFT technology as part of the ticketing process.

According to the festival’s official Twitter, a collection of 1111 limited edition NFTs will give owners access to the event as a regular ticket, but will also open up special features for the more Web3-savvy festival goers, including lifetime tickets, VIP experiences, backstage passes and more.

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NFT technology has entered the festival ticket arena globally – earlier this year, the major American music festival Coachella, integrated NFT technology with their “Coachella Keys” collection, which allowed committed fans to create NFTs that provided a range of ultra-exclusive benefits , including VIP experiences and life goes on.

It’s not an NFT – This is an NFT.

New analysis from CashNetUSA has found that Australians are big fans of NFTs, ranked number 8 in the world in terms of monthly search volume on Google and Twitter.

When it came to emotions, Australians were quick to express positive thoughts about NFT technology – for every 1,000 tweets it was found that 539 showed “love” for NFTs compared to 79 who expressed “hate”. Axie Infinity, the Vietnamese play-to-earn sensation, was the overall Australian favorite NFT project.

However, Singapore and Hong Kong took the top positions, with more searches for NFTs than any other country with 18,717 and 15,213 monthly searches, respectively.

In addition, the study found that people from Eastern European countries were the most passionate about NFTs on both sides of the spectrum. People from Montenegro were most likely to post pro-NFT tweets, while Twitter users from Poland were much more likely to express an anti-NFT sentiment.

Another survey, released in March this year by the NFT Club, found that the Aussies are actually number 2 in the world for interest when it comes to NFTs, beaten to the top spot by Taiwan.