China News Today Official TheBitTimes.com

Bored Ape Yacht Club (BAYC) creator Yuga Labs has advised a number of attendees of its recent ApeFest event to “seek medical attention” after they reported disturbing issues, including “burned skin,” loss of vision, and severe eye pain. It’s been speculated that these unfortunate effects could have been caused by overly powerful UV lighting used at the three-day event. ApeFest, held in Hong Kong from 3-5 November, was billed as “three days of meetups and mayhem” and was, according to the event’s website, intended to be “Less of a music festival, more of an epic, unhinged family reunion.” However, things appear to have been a little more unhinged than expected with members of the BAYC ‘family’ who attended taking to X (formerly Twitter) to report that organizers have, in essence, blinded them . Anyone else’s eyes burning from last night? Woke up at 3am with extreme pain and ended up in the ER. I saw a couple reports but just trying to figure out if there was a common thread. ...

The NFT market has not been faring that well. On one hand, trade volume has been on the decline. On the other hand, the number of sellers has been eclipsing the number of buyers, making it another cause of concern. According to press time data, the market welcomed over 7,838 buyers over the past 24 hours. In the same time period, however, the market was characterized by 8,542 sellers. Even in the midst of such a turbulent environment, Yuga Labs, the creator of the Bored Ape Yacht Club, continues to dominate the NFT market. A recent report from DappRadar noted that it accounted for around 35% of the total NFT trading volume. This was during the six-month period from October 2022 to March 2023. Apart from Bored Ape Yacht Club , Yuga Labs ’ name is also associated with Mutant Ape Yacht Club and Otherside for Metaverse NFT collections. The company also went on to acquire CryptoPunks and Meebits from Larva Labs last year. All of Yuga Labs ’ projects generated around one-third of the tota...