NFTs: BAYC’s total theft exceeds $18.5 million, “Ape Now, Pay Later” loans are granted on NFTs, and more

NFTs BAYC's total theft exceeds $18.5 million, Ape Now, Pay Later loans are granted on NFTs, and more

Despite the bear market, NFTs are becoming more and more popular. A perfect confirmation of this, is the number of thefts being carried out. At the same time, the popularity of the Teller lending platform is growing, increasing the possibility of acquiring non-convertible tokens.

Bored Ape Yacht Club on target

One user of the Dune analytics platform has discovered that more than 18.5 million values of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) have already received special markings on the OpenSea platform. These address potential theft, as well as the identification of suspicious activity. A user, hiding under the nickname Beetle, summarized that exactly 130 BAYC and 268 MAYC NFTs are being referred to. Other non-exchangeable tokens that found themselves in a similar situation are 153 Azuki pieces, 202 CloneX and 70 Moonbirds.

The total value of all recorded thefts, in this case, exceeds $25 million.

“Buy now, pay later,” or is it “Ape Now, Pay Later?”

At the same time, a decentralized finance platform (DeFi), called Teller Finance, decided to launch a new feature. It is called “Buy Now, Pay Later” (BNPL) and is used to support NFT purchases.

For this reason, it has been perversely dubbed “Ape Now, Pay Later” by users. It works with Polygon Network and allows users to purchase NFTs at a given time, while postponing payment. Currently, the BNPL feature of the Teller Finance lending platform applies to collections such as Bored Ape Yacht Club, Mutant Ape Yacht Club, Moonbirds, Doodles, Cool Cats, Azuki, Meebits and others.

NFT to enter festival

Meanwhile, Australia’s first music festival is kicking off, offering the opportunity to participate through NFT tickets. “The Grass is Greener” announced via Twitter that it is launching a collection of 1,111 NFTs, providing holders access to the event, with the same rights as traditional ticket holders. In addition, surprises will be prepared here, such as VIP options, backstage passes, etc.

On this occasion, CashNetUSA decided to conduct an analysis showing the condition of the NFT market in Australia. It turns out that Australians are big fans of technology and currently rank eighth in terms of the number of monthly NFT searches on Google and Twitter worldwide. 

The sentiment study found that Australians showed “love” for NFT in 539 of every 1,000 tweets created. At the same time, only 79 expressed “hate.” In contrast, their favorite project in the segment was Axie Infinity.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

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