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February 06, 2022

Rumorville in the NFT world

Few rapid fire rumors that seem to have legs that have been circulating the NFT space these past few days:

Bored Ape Yacht Club (BAYC)

  • Rumors are swirling that Andreessen Horowitz is in talks to acquire the startup behind BAYC, Yuga Labs for under $5B

  • Many in the community expect the project to launch the $APE token in February

  • Some are speculating that the project will have an ad during the SuperBowl

Nike x RTFKT

  • Nike acquired RTFKT, the project behind the CloneX project, for an undisclosed sum in 2021. Both companies have been relatively quiet since the acquisition, but have been busy teasing tweets this week

  • Nike is expected to share more color on their play for the metaverse that will merge the physical and digital experiences to create value and utility for CloneX holders

  • Per tweets, Nike hopes to create a “Ready Player One” world in the next decade

  • A lawsuit between Nike and StockX, hints Nike’s plans to launch digital and physical storefronts focused on the metaverse

NFL x Adam Bomb Squad

  • There have been tweets that link the streetwear brand The Hundreds x Adam Bomb Squad and NFL and that an announcement is coming soon

Harsharn Singh
Investment Associate | Ember Fund

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