Metaverse BAYC: KYC hunting in the Bored Ape jungle

KYC fever hits Bored Ape monkeys – Since their creation in April 2021, the Bored Ape collection has become one of the most emblematic NFT collections. Subsequently, Yuga Labs, the company behind these NFTs, launched several other collections, including the Mutants Ape, which had the same success as its predecessors. Now, the Bored Ape are about to have their own metaverse.

During the launch of the collection Bored Ape Yacht Club, the Yuga Labs teams had unveiled the future creation of a metaverse. To develop his titled metaverse other sideYuga Labs had raised $450 million last March.

On April 26, teams working on Otherside announcement the imminent exit from their metaverse. In fact, the sale of LANDnamely the parcels of land in the metaverse of Otherside, will be held on April 30, 2022.

These were initially to be sold at a Dutch Auction, for ApeCoin tokens.

However, Otherside changed its mind a few hours ago announcing that the Dutch auction was from “bullsh*t” and that the lands would be sold at a fixed price of 305 ApeCoinor nearly $7,000.

Announcement of the change of type of sale.

>> Find APE the BAYC token on Binance, the leading player in the sector (affiliate link) <<

Identity checks at the entrance

Unfortunately, this sale will be highly framed. Indeed, Otherside announced that only those who have been approved by KYC will be able to participate on sale.

For their part, holders of a Bored Ape Yacht Club or Mutant Ape Yacht Club NFT will be able to claim an NFT during the first 21 days after the sale. The claim will not require KYC.

BAYC and MAYC holders, you will be able to claim an NFT for 21 days after the auction. You don’t need to be KYC approved to claim, but you need to be KYC approved to participate in the auction. »

Upstream of this sale, which will undoubtedly bring together many Internet users, Otherside has issued a few security reminders in order to avoid any type of scam.

“No contests or giveaways. No surprise airdrop. Do not reply or click on anything from other accounts, tags, DMs, or emails. Animoca, Otherside, BAYC, Yuga Labs, founders and moderators will not mention you or DM you first. »

More than necessary security reminders, especially after the phishing attack that hit the project earlier this week. Indeed, $2.8 million in NFT was stolen after an attacker managed to take control of the Bored Ape Yacht Club Instagram account.

Whether you are a fan of DeFi, Bitcoin, NFT or one of the cryptocurrencies that populate the market, it is essential to have an account on Binance, the major player in the trading ecosystem (affiliate link)

Leave a Comment