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All told, some 134 NFTs appear to have been transferred to the hacker’s wallet on Monday morning, a number of which were Bored Ape assets,

The Instagram account belonging to the popular NFT collection Bored Ape Yacht Club (BAYC) was hacked on Monday. According to BAYC itself, the hacker used the access to launch a phishing scheme that stole millions of dollars in non-fungible tokens (NFTs) from the account’s followers.

Vignesh Sundaresan, a collector known as “MetaKovan” who purchased the $69 million Beeple NFT that touched off one of the earliest hype cycles around the digital assets. MetaKovan is the financier of Metapurse, a Singapore-based investment firm that earlier this year listed its mission as to "democratize access and ownership to artwork." Metapurse has bought 20 Beeple NFTs, four virtual museums, a soundtrack, and consolidated it all into an "NFT bundle" that offers fractionalized ownership through 10 million B20 tokens. Beeple, as it turns out, happens to be a business partner of MetaKovan and owns 2 percent of all B20 tokens, while MetaKovan owns another 59 percent.

a landmark October study published in Nature analyzing 6.1 million trades encompassing 4.7 million NFTs since 2017: the top ten percent of traders account for nearly 90 percent of all transactions, this group trades 97 percent of all NFTs at least once, and the greatest predictor of any NFT’s value isn’t its appearance but its previous price points.

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