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 – at present the highest traded NFT undertaking in OpenSea over the previous day – there’s loads of pleasure to go round concerning 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 house.

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 may play out.

The important thing factors you have to know? Yuga Labs, house owners of arguably the three largest NFT tasks available on the market, are releasing land plots across the BAYC undertaking – and Yuga has the will to construct an NFT media empire; this might probably 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 will likely be accessible for buy solely by way of the APE token. | Supply: APE-USD on TradingView.com

New Report Relating to Fraud & Laundering

A brand new report from the IRS launched as we speak highlights a launch from the Joint Chiefs of International Tax Enforcement (or J5) and is titled “J5 NFT Market Pink 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 house owners and people buying NFTs are doing so for righteous causes, criminals search for any strategy to exploit new applied sciences. Cryptocurrencies and NFTs are usually not immune.”

The ‘Minty Contemporary’ Take

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

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Featured picture from Pexels, Charts from TradingView.com
The author of this content material is just not related or affiliated with any of the events talked about on this article. This isn't monetary recommendation.

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