- Vitalik Buterin recently likened Bored Ape NFTs to 'another kind of gambling' in a TIME interview.
- Web3 Coinbase Cloud's developer center has published tools for building smart contracts on the Avalanche blockchain.
Vitalik Buterin on BAYC hype
Anyone who has been following the crypto industry for a while knows that non-fungible tokens (NFTs) are now a hot issue. One creation, in particular, stands out - the Bored Ape Yacht Club.
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Buterin is ignorant of the changes, especially in terms of the Bored Ape NFTs' price.
Gambling takes on a new level if you have these $3 million monkeys. TIME Magazine noted he meant BAYC.
Ongoing popularity and volume of the Bored Ape Yacht Club collection.
This Thursday, the collection's designer, Yuga Labs, unveiled the long-awaited APE coin. It was airdropped to holders of BAYC-related NFTs, who received hundreds of thousands of dollars merely for holding their Bored Apes.
It's not a metaverse teaser for 'Otherside.' Buterin, as he has done many times in the previous month, addressed the Russia-Ukraine conflict. He has emerged as one of Ukraine's most vocal supporters, stating that he will not stay impartial.
As he told TIME:
The last three weeks have reminded many in the crypto business that the goal of crypto is not to play games with million-dollar monkey photos, but to accomplish things that have real-world repercussions.
Questioned about his New Year's resolution, he said he wanted to be "more adventurous and less neutral."
I'd rather Ethereum irritate a few than become useless.
This allows Avalanche network participants to stake their AVAX tokens on Coinbase Cloud and delegate authority for blockchain confirmation.
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A network may employ the Ethereum (ETH) network's security. Tokens on EVM-compliant chains may also be joined effortlessly.
AVAX also connects to Coinbase Wallet, the crypto exchange's own Web3-enabled digital asset wallet. It will also let developers deploy applications on the Avalanche network. Coinbase Wallet now supports Solana (SOL).

Coinbase Cloud's Query and Transact features will be improved. This functionality helps developers find, interact with, and understand the Avalanche network code faster. With this access, developers may "determine who has access to the node infrastructure and deploy their nodes across four geographic locations and two cloud providers" according to Coinbase Cloud.
Coinbase Cloud is a Web3-based developer support platform launched by Coinbase in October.
As part of the AVAX ecosystem expansion, Avalanche has begun rolling out support for the Bitcoin (BTC) network through the Avalanche Bridge. Complete support is expected in Q2.

Avalanche allows Bitcoin Cash (BTC) holders to transmit their money to the network and conduct decentralized financing (DeFi).
Co-founder and CEO "DeFi on Avalanche is about to become a whole lot more orange," Kevin Sekniqi said on Twitter on March 23.
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The Terra (LUNA) team announced that its UST stablecoin is now ready for trade on Avalanche at the Avalanche Summit in Barcelona, Spain. All three ideas this week attempt to increase the Avalanche ecosystem's value over time via investments and new applications.
CoinGecko says AVAX is presently down 42.3% from its all-time high of $145 on Nov. 21, 2021.