Nifty News: BAYC Theft Total Surpasses $18.5M, 'Ape Now, Pay Later' Loans Come For NFTs & More

Total value of stolen BAYC NFTs hit $18.5m, BNPL comes for NFT buyers and Australia makes great strides in non-fungible space.

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A user of the Dune analytics platform has discovered that over $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) have been marked as stolen or reported for suspicious activity on Opensea in order to Date.

According to Dune data, a user known as "Beetle" discovered that 130 BAYC and 268 MAYC NFTs were flagged for suspicious activity, alongside 153 Azuki, 202 CloneX and 70 Moonbirds.

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The total market value of stolen NFTs from these notable collections is just over $25 million.

This dashboard reviews locked PFP NFTs on OpenSea that have been reported as stolen/suspicious

Interesting work by Beetle https://t.co/gJsgaraoVL

— Dune (@DuneAnalytics) July 6, 2022 "Monkey Now, Pay Later"

A decentralized financial lending platform, Teller Finance has launched a new feature that will allow its users to access a buy now, pay later (BNPL) functionality to purchase NFTs.

The new feature, humorously titled "Ape Now, Pay Later" is built on the polygonal network and allows users to own NFTs while paying back the full price over time, much like other BNPL services such than AfterPay.

As of this writing, Teller Finance BNPL functionality applies to notable NFT collections including: Bored Ape Yacht Club, Mutant Ape Yacht Club, Moonbirds, Doodles, Cool Cats, Azuki, Meebits and more again.

Australia launches first music festival with NFT ticket

A traveling music festival for all ages called 'The Grass is Greener' has become the first major Australian music festival to use NFT technology as part of its ticketing process.

We are SO thrilled to make our mark in history as Australia's FIRST NFT Music Festival.

With a limited supply of unique NFT PFPs...this is the FIRST NF PFP...