Bored Ape Yacht Club – BAYC donated $1 million in Ethereum to Ukraine’s official Ethereum wallet address as we can see more today in our latest Ethereum news. The NFT collection made a $1 million contribution to the Ukrainian government as it is battling with Russian forces. BAYC donated $1 million to Ukraine’s wallet address […]

A social experiment by Dutch artist Dadara and RAIRtech, an NFT digital rights management…

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WILMINGTON, DE - February 22, 2022 - A social experiment concocted by Dutch artist Dadara and NFT digital rights management platform RAIRtech has resulted in the creation of 7.9 billion digitally identical NFTs of CryptoGreyman. While physically, the NFTs all look the same, each carries its own serial number - a commentary on the way in which people are viewed in the centralized corporate world; generalized to numbers.

In a sea of NFTs that artificially create scarcity by imposing ‘rare' traits, limited collections, and exclusive communities, the identical CryptoGreyman NFTs - available for purchase for 1 MATIC (~$2.05 USD) -  seek to be the opposite. 

“I see this as a dead serious prank, which can rattle the cage of consensual reality and elevate conversation. It's an experiment with an unpredictable outcome,” said artist Dadara. “No one specific NFT is better than another, and because the minting price is widely accessible it will be interesting to see what value each individual CryptoGreyman holder brings.”

The NFTs feature the Greyman character, originally created by Dadara in the 1990s, but have been given a pixelated, web3 makeover. The NFT's only unique characteristic is the serial number, which is given out in sequential minted order. The project is a commentary on the way that government and corporate society have stripped people of their individuality, often reducing them to numbers and statistics, which is paralleled by the unrelenting pressure that social media has put on people to be radically unique. By launching CryptoGreyman, Dadara hopes to raise conversation on the potential in the decentralized Web3 space to create a more honest form of individuality, by putting the users first. 

“This year this whole NFT “status symbol” idea has really developed, to the point where people will spend hundreds of thousands of dollars on a Bored Ape NFT or other PFP projects and will use that piece of digital uniqueness as what defines them. This project is more democratized, the barrier for entry is intentionally low,” said Garrett Minks, CTO of RAIRtech. “When a person purchases a CryptoGreyman, that attached serial number is theirs. That number, if they chose to keep it, will be theirs until the end of time, or the blockchain ceases to exist.”

This project is not only a statement piece, it also brings real-world benefits to refugees. The project has teamed up with non-profit Movement on the Ground, an organization that seeks to dignify refugee reception across the globe. RAIRtech is placing 2,222 of the most coveted numbered NFTs in a treasury. Movement on the Ground will disperse those reserves as part of an educational program that teaches refugees how to set up a wallet and sell their NFTs, enabling the start of their new lives with a wallet that can travel with them anywhere. 

The cause was chosen because one of the largest issues that refugees face is the struggle to obtain proper forms of identification needed to seek refuge. Often refugees and asylum seekers are seen by countries and governments not as people who have fled unimaginable situations not of their own making, but rather as piling paperwork on a desk. 

Polygon will provide the Layer 2 solution and will mint the drop, which is slated for February 22nd at 2:22pm EST. Each NFT will cost 1 MATIC ($~2 USD). 

ABOUT RAIRtech

RAIRtech (https://rair.tech/) Is a blockchain-based, distributed digital rights management platform that enables streaming NFTs.  Currently the NFT marketplace supports public-facing images whose ownership is proven on the blockchain.  With RAIR you are able to take this same NFT and attach a video, song, document or data to it.  RAIR uses a decentralized key management node system to allow anyone to create NFTs that are tied to the underlying content, while also providing NFT minting, royalties & metadata management.  With RAIR, creators can turn any type of media into an encrypted, access-controlled file that is accessible on any type of browser, making any digital file scarce and therefore valuable.  

MEDIA CONTACT: Transform Group, rair@transformgroup.com

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The creator behind the Bored Ape Yacht (BAYC) non-fungible collection (BAYC) is reportedly in talks with venture capital firm Andreessen Horowitz (a16z) for a funding round that would value it at up to $5 billion, the Financial Times reported. According to people familiar with the matter, the terms are subjected to changes, and the talks may not necessarily lead to a deal. However, the sources also said that creators of the NFT project could potentially issue crypto tokens to the existing holders of BAYC. Should the deal go through, it would mark the first institutional investment into Yuga Labs, led by anonymous founders Gordon Goner, Emperor Tomato Ketchup, No Sass, and Gargamel, who set up the Bored Ape Yacht Club NFT project a little over a year ago. Andreessen Horowitz is a US-based venture capital firm and was an early investor in several top performing tech companies such as Facebook, Twitter, and Airbnb. However, recently the firm has turned towards crypto investments, revealing a $4.5 billion crypto fund. The venture capital firm also has majority stakes in crypto exchange Coinbase and NFT marketplace OpenSea. Bored Ape Floor Price Goes Over 100 ETH Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs built on the Ethereum blockchain. Launched by a group of anonymous developers, the NFT project went on to become the most expensive collection in terms of floor price as of January 2022. As of February 3, the floor price for a Bored Ape NFT is 99.3 ETH about $274,500. The company has also introduced several spinoff projects, including Mutant Ape Yacht Club and Bored Ape Kennel Club. Holders of BAYC includes Snoop Dogg, Jimmy Fallon, Paris Hilton, Justin Bieber, Gweneth Paltrow, Justin Biebers among others.

The post Bored Ape Yacht Club Creators in Funding Talks With a16z appeared first on Cryptoknowmics-Crypto News and Media Platform.

The creators of Bored Ape Yacht Club NFT are apparently looking for an investment deal with companies like Andreessen Horowitz as we are reading further in our latest crypto news. The creators of Bored Ape NFTs Yuga Labs, are negotiating with Andreessen Horowtiz whcih could be of value for the startup and lead it to […]