Latest NFT Updates on 12th January 2024

Latest NFT Updates on 12th January 2024

The NFT Revival Continues: Yuga Labs Updates and CryptoPunks Brand Hub

Yuga Labs, the creators of Bored Ape Yacht Club (BAYC), are making waves in the NFT space. They recently released a trailer for their upcoming metaverse project, Otherside, which received mixed reactions from the community. However, they quickly responded by releasing a remastered version of the trailer that was better received. In addition, Yuga Labs’ BAYC and CryptoPunks are among the top performers in terms of sales volume, with BAYC experiencing a 570% increase in sales in just one day. Meanwhile, CryptoPunks unveiled its brand hub, which serves as an archive and source of information for the project.

Yuga Labs NFT News: ‘Apes Come Home Remastered’

Yuga Labs recently released a trailer for Otherside, their highly anticipated metaverse project. The initial trailer received mixed reactions due to its quality. However, Yuga Labs responded by releasing a remastered version that was better received by the community. Some users suggested improvements to the video, while others appreciated the team’s efforts. Additionally, Wylie Aronow, co-founder of Yuga Labs/BAYC, announced his departure from the project to focus on his health.

CryptoPunks Brand Hub Unveiled

CryptoPunks, one of the most popular NFT projects, launched its brand hub. The hub serves as an archive and living source for project information and initiatives. Created in collaboration with Alright Studio, it showcases the evolution of CryptoPunks from its inception in 2017 to its current status as an iconic NFT collection. The hub currently features several pages, including “about,” “legacy,” “index,” and “marketplace,” with more sections to be added soon.

BAYC Sales Jump 570% in a Day, CryptoPunks Up 510%

Yuga Labs’ Bored Ape Yacht Club (BAYC) and CryptoPunks are leading the way in terms of sales volume. BAYC sales have increased by 570% in the past 24 hours, while CryptoPunks saw a 510% increase. Both collections have climbed the rankings, with BAYC moving to the second spot and CryptoPunks now sitting at number three. Yuga Labs’ Mutant Ape Yacht Club (MAYC) has also performed well, with an 80% increase in sales. Overall, it has been a successful day for Yuga Labs.

Hot Take: NFT Revival Continues with Yuga Labs

The NFT market shows no signs of slowing down, as demonstrated by the recent updates from Yuga Labs. The remastered trailer for Otherside received positive feedback after addressing initial criticisms. Additionally, the launch of the CryptoPunks brand hub provides a centralized source of information for this iconic NFT collection. Furthermore, Yuga Labs’ Bored Ape Yacht Club and CryptoPunks continue to dominate in terms of sales volume, reflecting their popularity among collectors. With these developments, it’s clear that Yuga Labs remains at the forefront of the NFT revival.

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Latest NFT Updates on 12th January 2024