Massive NFT Failure!

The Bored Ape Yacht Club is a pioneering NFT collection but there have been a LOT of problems behind the scenes that many people just don't hold Yuga Labs accountable for.

I break down what when wrong in the latest Otherside metaverse land sale and how it points to a lot of RED FLAGS that you should know about.

OtherSide Website: https://otherside.xyz

0:00:00 Setup
0:00:30 Intro
0:01:14 The Inovators
0:02:17 Largest Mint Ever
0:03:02 Protect The Contract
0:03:35 The Payback
0:03:54 Change The Plan
0:05:00 The Art
0:05:34 Coin Price
0:06:08 Ape Chain?
0:07:00 Didn't Go Well
0:08:09 Undertones
0:09:54 Breakdown

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#nft #gaming #metaverse #bitcoin #crypto

WELCOME TO THE
BORED APE YACHT CLUB
BAYC is a collection of 10,000 Bored Ape NFTs—unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation.

There are no bonding curves here. Buying a Bored Ape costs 0.08 ETH. There are no price tiers; BAYC membership costs the same for everyone.

The initial sale has sold out. To get your Bored Ape, check out the collection on OpenSea.

Each Bored Ape is unique and programmatically generated from over 170 possible traits, including expression, headwear, clothing, and more. All apes are dope, but some are rarer than others.

The apes are stored as ERC-721 tokens on the Ethereum blockchain and hosted on IPFS. (See Record and Proof.) Purchasing an ape costs 0.08 ETH.

To access members-only areas such as THE BATHROOM, Apeholders will need to be signed into their Metamask Wallet.

When you buy a Bored Ape, you’re not simply buying an avatar or a provably-rare piece of art. You are gaining membership access to a club whose benefits and offerings will increase over time. Your Bored Ape can serve as your digital identity, and open digital doors for you.