Theme: 8 Ways that BAYC Could Go to 0ETH

• Loss of interest in PFP NFTs: If the overall market for the brand “NFT” loses interest, the demand and value of the Bored Ape Yacht Club NFT collection could decrease significantly.

• Scandal or controversy: Any negative publicity or scandal involving the creators or holders of the Bored Ape Yacht Club NFTs could lead to a decrease in value.Legal action against Yuga for unpaid celebrity endorsements then cascades into distrust for brand.

• Lack of scarcity: If the creators of the Bored Ape Yacht Club NFTs overproduce the collection, it could lead to a decrease in scarcity and therefore value.

• Competition: If other NFT collections similar to the Bored Ape Yacht Club become available, it could lead to a decrease in demand and value for the Bored Ape Yacht Club NFTs.

• Hosting infidelity. Some technical error or core Yuga hack causes holder loss.

• Brand hijacking by an extremist group. Making a BAYC mascot for a white supremacist.

• SEC action on $APE or financial scandal.

• Creator fees to 0.

• Project: Friendship bracelets Friendship Bracelets by Alexis André - Collection | OpenSea

• NFT News

• • The Block: Moonbirds creator Kevin Rose hacked, at least $1m in NFTs lost
  • Porsche NFT trading volume nears $5M despite launch woes, minting halt
  • The Block: Amazon planning new NFT initiative: Blockworks
  • NFT collector sues OpenSea for locking account after being scammed
  • Why Are Nifty Gateway’s Founders Leaving Gemini? - Blockworks
  • Backed by Jay-Z, Web3 Hardware Startup Spatial Labs Raises $10 Million - Decrypt
  • StoryCo Raises $6M - socaltech.com

Art Blocks Announces an Official Partnership With Bright Moments