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Snoop Dogg and Eminem Will Bring Their BAYC NFTs to VMAs in ‘Otherside’ Metaverse Performance

Daily Market Wrap

  • Crypto market cap: 0.97 trillion, up 3.25%

  • BTC price stands at USD 20,153, up 2.33%

  • ETH price stands at USD 1,529, up 6.28%

  • Top gainer: Lido DAO (LDO), up 14.60%

  • Top loser: eCash (XEC), down 12.55%

News of the Day

Why it matters:

  • The rap legends Snoop Dogg and Eminem will bring their BAYC NFTs to the VMAs this Sunday for Yuga Labs’ upcoming metaverse game “Otherside”

  • Two months ago, they released a music video called ‘From The D 2 The LBC’ featuring animated versions of their Bored Ape Yacht Club (BAYC) avatars

  • The YouTube video has garnered over 46 million views and a VMA nomination for “Best Hip-Hop” song. On Spotify, the track has racked up nearly 25 million streams

Crypto Daily Spotlight

Brief introduction: Avalanche is Layer 1 blockchain with the fastest time to finality, or time to confirm transactions. It uses the proof-of-stake protocol and thrives on its high speed, low cost, and sustainability. The blockchain has smart contract capabilities and its native token is AVAX.

Why it matters:

  • Avalanche’s native coin AVAX dropped over 10% after a self-described CryptoLeaks blog post accused Ava Labs, the company behind its parent smart contract blockchain Avalanche

  • CryptoLeaks claimed that Ava Labs CEO Emin Gün Sirer made a deal with law firm Roche Freedman and U.S. Attorney Kyle Roche of Roche Freedman to trap rival companies under class action lawsuits in return for massive amounts of AVAX tokens and Ava Labs corporate stock

  • Sirer tweeted on August 29 referring to the post and saying that the accusation is ‘conspiracy theory nonsense’

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