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Kevin Hart, Snoop Dogg, And More Sued Over Bored Ape Yacht Club NFT Endorsements

Another day, another lawsuit. In early 2022, the Bored Ape Yacht Club was one of the most popular NFTs. Now, Yuga Labs — the Web3 firm behind the NFTs — has been hit with a class action lawsuit.

Dec 12, 2022

Gunna Flexes 20-Carat Diamond Chain At The Met Gala Under Partnership With Global Crypto Platform Ledger

Gunna has made it clear that you’re always going to catch him being iced out. Complex reported in March that the rapper dropped $100,000 for a “P” diamond tooth — relating to his infamous phrase “Pushin P”. “P don’t just mean player. P means paper, too. You can be pushing this P with paper,” he explained, according to Complex. “If you’re in this shit and it’s rented, then you’re kicking P. But if you buy this shit and you own it, then you’re really pushing P. You’re spending your hard-earned money. Like, you’re pushing it. You’re standing on this shit. You’re spending millions on it. You’re pushing it.” The teal-colored stone was provided by Angel City Jewelers’ Isaac Bokhoor and installed by Thomas Connelly. Now, he has linked up with a platform to add on to his bling.

May 3, 2022

Snoop Dogg, Timbaland, Gunna Invest In Yuga Labs' $450M Funding Round, Bringing It To A $4B Valuation

Bored Ape Yacht Club non-fungible tokens (NFTs) have become popular in the Hip-Hop community. Throughout 2021, AfroTech shared reports on Timbaland, Lil Baby, and Future being fans of the collection. Recently, a few artists have invested in Yuga Labs — the Web3 firm behind Bored Ape. Snoop Dogg, Timbaland, and Gunna were a part of a $450 million seed funding round — led by a16z crypto — according to Music Business Worldwide. Other investors included Animoca Brands, The Sandbox, LionTree, Sound Ventures, Thrive Capital, FTX, MoonPay, Samsung, and more. The funding reportedly brought Yuga Labs’ valuation to $4 billion. “Yuga Labs has quickly become a web3 culture, gaming, and entertainment empire,” said Chris Lyons, general partner at a16z crypto, in a press release. “Mainstream adoption in web3 is accelerating at lightning speed, and Yuga is at the forefront of merging culture and innovation for everyone to enter the metaverse. We’re thrilled to invest in this brilliant team and...

Mar 23, 2022