The Best One Yet 🦧 “The bored apes are yachting” — Beyond Meat’s not-that-into-you. Bored Ape’s NFT. Disney’s sports betting.
Nov 12, 2021
Dive into the quirky world of Bored Ape Yacht Club, the latest buzz in NFTs. Beyond Meat faces a rocky stock plunge, humorously compared to a romantic rejection. Meanwhile, Disney makes headlines not with fairy tales, but by stepping into sports betting. The discussion critiques the plant-based brand's struggles with fast food partnerships and consumer loyalty. Plus, explore fresh insights on shifting attitudes toward gambling and a delightful weekend foodie recommendation.
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Bored Ape Yacht Club Success
- Four 30-somethings created the Bored Ape Yacht Club, a collection of 10,000 unique ape NFTs.
- These NFTs have gained popularity, with one selling for $3.4 million and Universal Music creating a virtual band with four of the apes.
NFTs and the Metaverse
- NFTs are created on the Ethereum blockchain, but they gain real value within the metaverse.
- In the metaverse, ownership is verifiable, unlike on the current internet where images can be easily copied.
Beyond Meat Stock Decline
- Beyond Meat's stock plummeted 20% this week, down 65% from its all-time high.
- The company cited labor shortages, bad weather, and a factory explosion as reasons for its tripled losses.