The prices of NFTs from well-known collections such as CryptoPunks and Bored Ape Yacht Club have dropped sharply, with floor prices slipping below $100,000 for the first time in months.

Well-known Bored Ape Yacht Club holder known as @franklinisbored on Twitter announced they sold “a lot” of non-fungible tokens from the blue-chip collection created by Yuga Labs.

PeckShield warns users about the potential risks associated with staking $APE in NFT pools and selling the NFTs afterward.

Novel Labs and Mutant Cartel founder Lior Messika is set to develop Serum City, a city-builder game that uses Ethereum and ApeCoin as its primary in-game currency. Mutant Apes, Bored Ape Yacht, Genesis Oath, or Mutant Hound NFT collections owners are required to play the game at launch, with Serum City gradually opening access with each new season of content.

Luxury fashion house Gucci and Yuga Labs, the company behind Bored Ape Yacht Club, have announced Otherside: Relics by Gucci, a limited-edition series of physical Gucci products and NFTs tied to Yuga's metaverse game, Otherside. The first "Relic" to be released will be the KodaPendant, an NFT that represents both a physical piece of jewellery and a non-fungible token that unlocks perks in the Otherside metaverse. Exactly 3,333 KodaPendants will be available for sale beginning on April 6, and can only be bought with Apecoin, Yuga's native cryptocurrency. The KodaPendant will unlock unique cosmetic options for Otherside avatars, and holders of KodaPendants will also be able to claim a real, physical piece of jewellery from Gucci later this year. (Decrypt)

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has announced a collaboration with luxury fashion house Gucci to release Otherside: Relics by Gucci, a limited-edition series of physical Gucci products and associated NFTs tied into the lore of Otherside, Yuga's long-awaited ape-themed metaverse game.

NFT project Bored Ape Yacht Club has announced a glimpse of its upcoming HV-MTL collection. The&nbsp;<a href="https://hv-mtl.com/">official website&nbsp;</a>for the upcoming HV-MTL collection from&nbsp;Bored Ape Yacht Club&nbsp;has revealed that there will be a total of 8 types of HV-MTL NFTs. Of these, 7 types have been publicly displayed on the website, including GLITCH, DYNAMIC, BIO, KNIGHT, CELESTIAL, REAVER, and HOLO.

7 types have been publicly displayed on the website, including GLITCH, DYNAMIC, BIO, KNIGHT, CELESTIAL, REAVER, and HOLO.

Gucci is strengthening its relationship with Web3. On Monday, the luxury brand announced a multi-year partnership with Yuga Labs, the Web3 company behind several well-known NFT collections, including Bored Ape Yacht Club, Cryptopunks, Mebits, and Narrative NFT Project 10KTF.

The daily fees for inscribing Bitcoin Ordinals, which are NFTs on the Bitcoin Network, hit an all-time high of 9.28 BTC or $257,460 on Thursday, according to a report by Dune Analytics. The rise in transaction fees is attributed to Bitcoin Apes, a variation of popular NFT collection Bored Ape Yacht Club, which is being reproduced on the Bitcoin Network.