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Nifty News: The Red Ape Family show, Mini Royale on Solana and The Weeknd’s NFT collection

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Nifty News: The Red Ape Family show, Mini Royale on Solana and The Weeknd’s NFT collection

Catch up on nonfungible token (NFT)-related news this week as Cointelegraph rounds up the stories you don’t want to miss.

Bored Apes gets cast in an TV series

The Red Ape Family (TRAF) is a new animated comedy series centered on Bored Ape Yacht Club (BAYC) NFTs. Episodes are sold as individual NFTs and run between five to 10 minutes long. The plot is about a family of Bored Apes that escape Earth to live on Mars.

The Weeknd drops animated NFT collection on Autograph

Mini Royale game adds 2M players

RadioShack makes a comeback in crypto

Other Nifty News

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Cryptocurrency

Analysts assess the aftermath of the Terra (LUNA) collapse | Cointelegraph interview

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Analysts assess the aftermath of the Terra (LUNA) collapse | Cointelegraph interview

Financial commentator Frances Coppola is convinced that algorithmic stablecoins such as TerraUSD (UST) will always be vulnerable to sudden collapses, no matter how much the technology improves.

“They can improve their game theory, they can improve their risk assessment, but I think there will still always be some states of the world that they won’t have thought of,” pointed out Coppola in a discussion with Mike McGlone, senior commodity strategist at Bloomberg.

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Cryptocurrency

Russia will inevitably legalize crypto payments says trade minister

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Russia will inevitably legalize crypto payments says trade minister

Russia will legalize crypto payments “sooner or later” according to the Ministry of Industry and Trade of the Russian Federation, Denis Manturov.

The country’s government has been exploring various crypto adoption plays throughout 2022, but is yet to finalize any concrete policy concerning digital asset payments. However, its legalization has been recommended by Russia’s finance ministry via its “On Digital Currency” bill from April.

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Cryptocurrency

‘Grim Reapers’ financial crimes unit revived to investigate Terra collapse

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‘Grim Reapers’ financial crimes unit revived to investigate Terra collapse

Legal troubles are mounting for the co-founder of failed Terra crypto project Do Kwon as the South Korean government revives the dormant “Grim Reapers of Yeoui-do” to investigate Terra’s fall.

The special investigative and prosecutorial team consists of members from various financial regulators, and is designed to prosecute securities fraud and unfair trading schemes. Potentially at risk are co-founders Do Kwon and Shin Hyun-seong, along with core members of the Terra team. Yeoui-do is the financial center of Seoul.

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