The new Bored Ape Yacht Club metaverse mint, ‘The Otherside,’ is just days away, and the chatter is palpable. While it’s on the heels of the highly anticipated Ragnarok Meta – currently the top traded NFT project in OpenSea over the past day – there’s plenty of excitement to go around regarding the Bored Ape metaverse play.
According to a report from several federal organizations around the world, money laundering and fraud through NFTs are major problems that need to be resolved.
Nightly Mint
Recent Mint: Otherside Hype
Headed to mint this weekend is ‘The Otherside,’ and the speculation alone can pull you into a dozen different directions into how things could play out.
Here are some key facts. Yuga Labs, owners of arguably the three biggest NFT projects on the market, are releasing land plots around the BAYC project – and Yuga has the desire to build an NFT media empire; this could likely be the first step in that attempt. Each plot will be approximately 605 APE and The Otherside is available starting Saturday.
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Only the APE token will allow you to purchase the new property in BAYC's Otherside. Source: APE-USD on TradingView.com | Source: APE-USD on TradingView.com
New Report Regarding Fraud & Laundering
A new report from the IRS released today highlights a release from the Joint Chiefs of Global Tax Enforcement (or J5) and is titled “J5 NFT Marketplace Red Flag Indicators.” The report is hefty, but one bite-sized line that has gained traction across publications is this one:
“While the majority of cryptocurrency owners and those purchasing NFTs are doing so for righteous reasons, criminals look for any way to exploit new technologies. Cryptocurrencies and NFTs are not immune.”
The ‘Minty Fresh’ Take
NFT Twitter is full of Otherside Takes this week. So here’s one to consider from @osf_nft
1. The NFT market is about to see the BIGGEST event yet in the next few days…here’s why ?
— OSF (@osf_nft) April 28, 2022
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