The Bulletin Bored: New Year's Eve Party 🎉

Contributions to this week's newsletter made by @maariabajwa

Welcome back to another issue of The Bulletin Bored. I’m back providing news updates, metrics, and information on proposals.

There has been a lot of discussion lately about the Commodity Futures Trading Commission’s (CFTC’s) actions. One of the priorities of this newsletter will be to keep everyone informed on regulations and rulings like this and adapt to them as they come in. We want to make sure we are doing everything by the book at all times.

• Degentraland is joining Horizen Labs as its OthersideMeta Strategist

• Metaprints “Monkeying Around Experience” game is available now until October 14th

• Azurbala burn 🔥 for an Azur Root was previously scheduled for October 3, delayed due to feedback about art reveal

• Melonade mint pushed back one week to October 8 @ 2pm EST, costs 0.1 ETH (grants you 1 physical NFT-based board game at no extra cost + the opportunity to have your own IP featured in the next game)

Last week, I posted a thread highlighting how many Full Set Holders there were at the time of writing: 2,012 (31.05% of unique BAYC holders). However, the term “Full Set” has different meanings depending on who you ask. Some say you only need one mutant to complete the set. Others say you need a M1 and M2 mutant. Several say you need them all to have matching IDs. And some even say you also need a Koda and Otherdeed as well. Depending how deep you go with this, the number of holders continues to get smaller and smaller. Like many who commented on the Twitter thread below, I’m curious to see just how exclusive each of these groups are. I’ll be looking into it and will provide the numbers once I figure them out.

There are no proposals in the Live Voting stage this week. Check back next week for further updates.

Do you want to attend a one-of-a-kind New Year’s Eve party this year? If so, check out this proposal by Dr. Novo. Known for founding the Bored Ape Ladies Club, Novo is setting up a party to be held at the TWA Hotel in the JFK Airport located near New York City.

This one-night party will be for 1,000 guests and anyone holding at least one Apecoin will have a chance to be invited. A raffle will be held to select 400 random wallets from those who vote on the proposal (in favor or against). Winners of the raffle will be able to mint 1 or 2 tickets for 150 Apecoin each. This amount is to reduce the amount of no-shows and will be refunded upon arrival to the event.

70 additional tickets will be reserved “to further acknowledge and reward early participation in DAO governance” and 30 more tickets will be reserved “for the media with the aim of raising awareness about the Apecoin DAO and the incredible work of its members in the wider web3 community as well as in mainstream media.”

The event will include the following:

• One-hour cocktail reception with luxury-brand open bar

• Butler-passed wine and Prosecco

• Eight passed Hors d’Oeuvres

• Two buffet stations

• Ape-branded sushi station

• Infinity Pool

• Airplane on tarmac transformed into cocktail lounge and disco

• One of the world’s largest sunken lounges

• 1960s-themed entertainment crew

• Limited availability helicopter ride to and from the venue and heart of Manhattan

• Guest rooms with floor to ceiling glass windows overlooking the runway can be booked and paid for separately by the guests at a special rate (details TBD)

There is also a philanthropy component to this proposal. It will include sending 100 children from Abuja, Nigeria to school for one year who would otherwise not receive an education. Novo has already sent 12 kids to school with her personal funds and there is potential for Novo to travel to Nigeria and help produce a full-length documentary film showcasing an example of Apecoin DAO powered philanthropy.

The overall cost of the proposal is $879,100 (currently ~170k Apecoin)

• $743k NYE’s party + 10% contingency fund (currently ~157k Apecoin)

• $60k philanthropy + 10% contingency fund (currently ~13k Apecoin)

You can read the full proposal here.

I plan to sit down with the author of the recently passed proposal AIP-88 (Earn ApeCoin Revenue Through Our No-Code NFT Drop Platform & Launchpad) , Dan Carr, this week to discuss the next steps for NiftyKit and the rest of his proposal. Stay tuned for a recap of this discussion next week.

Crypto Weekly by Maaria

Apecoin DAO Board Member Maaria continues to keep the community informed on what is happening across the Web3 community. Below are some of the updates from her most recent issue. You can subscribe to the full version here.

• NFT collector Seedphrase sold a rare Ape CryptoPunk for 3,300 ETH, roughly $4.4 million. There are only 24 Ape CryptoPunks.

• Apple will allow NFTs to be bought and sold on apps in its marketplace, but will charge its standard 30% commission on in-app purchases.

• Generative art project QQL, created by Tyler Hobbs and Dandelion Wist, sold 900 mint passes for almost $17 million. The mint passes allow NFT collectors to co-create their pieces using the QQL algorithm.

• QQL is the first major NFT project to blacklist holders from trading on marketplaces that do not enforce creator royalties. QQL’s smart contract blocked wallets from transacting on X2Y2 and SudoAMM.

• Instagram and Facebook users in the US can now showcase their NFTs on those platforms by connecting their Coinbase, Dapper Labs, MetaMask, or Rainbow wallets.

• NFT marketplace OpenSea is partnering with Warner Music Group to create individual drop pages for each artist on the platform.

• OpenSea is adding support for Layer 2 network Optimism.

• Generative art platform Art Blocks is winding down its Curated Series. Art Blocks Curated is the 5th largest collection by volume, and includes some of the most expensive collections of all time including Fidenza by Tyler Hobbs. 

• Christie’s collaborated with NFT studio Manifold to launch a new on-chain Ethereum NFT marketplace called Christie’s 3.0. Christie’s will curate the art available.

• DeFi protocol Olympus DAO, famous for the (3,3) tag its users touted on Twitter last year, cut its annual staking yield to 7.35% to take a more sustainable approach for emissions.

• Tornado Cash developer Alexey Pertsev’s appeal was rejected and he will stay in jail until November. Pertsev has not been charged and has been in custody for 7 weeks.

• The SEC charged crypto startup Hydro with market manipulation around its 2018 ICO. The SEC alleges that Hydro hired marketmaker Moonwalkers to create artificial demand for its token, which it then sold at an inflated price. The SEC’s complaint also called out “airdrops” specifically as a distribution method.

• CFTC commissioner Caroline Pham has proposed a new 'Office of Retail Advocate', which would see the agency overseeing retail protections.

• Terralabs founder Do Kwon denied he was in hiding, after news broke that Interpol had issued a red notice for his arrest. Do Kwon and 5 others are wanted by South Korea for their involvement in Terraform Labs and its failed algorithmic UST stablecoin.

Thanks for reading this week’s edition! As mentioned above, a lot of ideas are being proposed on the Discourse forum nearly every day. If you have one of your own and are unsure where to begin, please reach out to me so I can help you get started.

Disclaimer: As part of Apecoin DAO AIP-66, my grant agreement includes the Ape Foundation sending me 400 Apecoin per month for delivery of this newsletter. Nothing said by me in this newsletter or on Twitter should be construed as financial or legal advice. All opinions in this newsletter are my own and not representative of the Ape Foundation or Apecoin DAO in any way. The purpose of this newsletter is to inform the community about news, proposals and what is happening inside the Apecoin DAO and BAYC ecosystem, not a promotion of Apecoin or anything else in any way. By subscribing to this publication you give consent to use your email to send you issues of its newsletters and podcasts. You can view my Privacy Policy here.