The post Yuga Labs and Six Studios Launch Bored Ape Studios Venture appeared on BitcoinEthereumNews.com. Key Points: Yuga Labs partners with Six Studios for Bored Ape Studios venture. First project: Bored Ape Yacht Club animated series. Series expansion aligns with NFT market growth and commercialization. Yuga Labs and Six Studios, led by Huang Licheng, launched a joint venture, Bored Ape Studios, to produce an animated series based on Bored Ape Yacht Club. This venture could boost NFT market interest, potentially impacting Ethereum and ApeCoin as BAYC expands into media, highlighting NFT commercialization’s ongoing evolution. Yuga Labs and Six Studios Unveil Animation Venture Yuga Labs has partnered with Six Studios, led by Huang Licheng, to form Bored Ape Studios. The joint venture’s first project is the animated Bored Ape Yacht Club series, aimed at leveraging the brand’s successful IP in new media channels. This collaboration was confirmed via ChainCatcher news and official releases from Yuga Labs. NFT community engagement and IP commercialization are expected to expand with this venture. The entry of Bored Ape Yacht Club into animated content signifies continued innovation in the NFT space, setting a trend for other digital collectibles. Already, a new economy is possible with the IP of Apes, Punks, and Meebits, owned by the community. The possibilities for blockchain’s impact on culture are endless, and so we are building a beautiful, interoperable world for people to explore and play in. There’s a lot to come. NFT Expansion: Bored Ape Ventures into Animated Series Did you know? Yuga Labs’ acquisition of CryptoPunks led to significant IP commercialization, a precursor to the Bored Ape Studios venture, demonstrating the growing intersection of digital collectibles and mainstream media. According to data from CoinMarketCap, Ethereum (ETH) is trading at $3,934.21 with a market cap of $474.85 billion and a 24-hour trading volume of $13.01 billion, down by 60.30%. Over the past 90 days, ETH has… The post Yuga Labs and Six Studios Launch Bored Ape Studios Venture appeared on BitcoinEthereumNews.com. Key Points: Yuga Labs partners with Six Studios for Bored Ape Studios venture. First project: Bored Ape Yacht Club animated series. Series expansion aligns with NFT market growth and commercialization. Yuga Labs and Six Studios, led by Huang Licheng, launched a joint venture, Bored Ape Studios, to produce an animated series based on Bored Ape Yacht Club. This venture could boost NFT market interest, potentially impacting Ethereum and ApeCoin as BAYC expands into media, highlighting NFT commercialization’s ongoing evolution. Yuga Labs and Six Studios Unveil Animation Venture Yuga Labs has partnered with Six Studios, led by Huang Licheng, to form Bored Ape Studios. The joint venture’s first project is the animated Bored Ape Yacht Club series, aimed at leveraging the brand’s successful IP in new media channels. This collaboration was confirmed via ChainCatcher news and official releases from Yuga Labs. NFT community engagement and IP commercialization are expected to expand with this venture. The entry of Bored Ape Yacht Club into animated content signifies continued innovation in the NFT space, setting a trend for other digital collectibles. Already, a new economy is possible with the IP of Apes, Punks, and Meebits, owned by the community. The possibilities for blockchain’s impact on culture are endless, and so we are building a beautiful, interoperable world for people to explore and play in. There’s a lot to come. NFT Expansion: Bored Ape Ventures into Animated Series Did you know? Yuga Labs’ acquisition of CryptoPunks led to significant IP commercialization, a precursor to the Bored Ape Studios venture, demonstrating the growing intersection of digital collectibles and mainstream media. According to data from CoinMarketCap, Ethereum (ETH) is trading at $3,934.21 with a market cap of $474.85 billion and a 24-hour trading volume of $13.01 billion, down by 60.30%. Over the past 90 days, ETH has…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more