{"id":415008,"date":"2022-03-12T00:58:12","date_gmt":"2022-03-11T21:58:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/yuga-labs-faces-user-backlash-for-under-wraps-kyc-restricted-project\/"},"modified":"2022-03-12T00:58:12","modified_gmt":"2022-03-11T21:58:12","slug":"yuga-labs-faces-user-backlash-for-under-wraps-kyc-restricted-project","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/yuga-labs-faces-user-backlash-for-under-wraps-kyc-restricted-project\/","title":{"rendered":"# Yuga Labs faces user backlash for under wraps KYC-restricted project"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25992e79135\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25992e79135\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/yuga-labs-faces-user-backlash-for-under-wraps-kyc-restricted-project\/#%E2%80%9D_Yuga_Labs_faces_user_backlash_for_under_wraps_KYC-restricted_project_%E2%80%9C\" >&#8221; Yuga Labs faces user backlash for under wraps KYC-restricted project &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Yuga_Labs_faces_user_backlash_for_under_wraps_KYC-restricted_project_%E2%80%9C\"><\/span>&#8221; Yuga Labs faces user backlash for under wraps KYC-restricted project &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNjZmOWMyMzctYTUxZS00NWY0LTlhNDUtYzNhMjQ0YzAyYmExLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Yuga Labs, the creator of the Bored Ape Yacht Club, or BAYC, teased a new collaboration with blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> publisher Animoca Brands on Twitter on Thursday. The catch is that no details about the project have been revealed yet, and users who signed up for it via a Know Your Customer, or KYC, verification process have expressed their concerns on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a>.<\/p>\n<p>BAYC simply tweeted out a link to a website where interested fans can <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly in the hope of being approved to participate in whatever &#8220;is brewing.&#8221; To apply, users must connect to an Ethereum wallet, provide a photo of their license, passport or other ID as well as proof of their home address, and take a headshot on the camera of the device on which they sign up.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">fuck it, again.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/1KlPpVjWkb\">https:\/\/t.co\/1KlPpVjWkb<\/a><\/p>\n<p>\u2014 Bored Ape Yacht Club (@BoredApeYC) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BoredApeYC\/status\/1502056861624946688?ref_src=twsrc%5Etfw\">March 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nBoth BAYC and Animoca Brands clarified on Twitter that they are not referring to the play-to-earn game featuring Bored Ape NFTs they had announced\u00a0in December. The only other information offered is that &#8220;this has been building over the last seven months,&#8221; according to BAYC. Animoca Brands will reportedly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/animocabrands\/status\/1502057653522116608?s=20&amp;t=xtqWQ68Qvn6gXNqddtml5A\">reveal<\/a> &#8220;the first phase.&#8221;\u00a0<\/p>\n<p>Members of the crypto community are wary about\u00a0consenting to KYC requirements without knowing exactly what they&#8217;re signing up for. One user posting under the handle @cr0ssETH tweeted, &#8220;Devs, if the IRS has taken you hostage, please blink twice,&#8221; suggesting the possibility that any personal information could end up in the hands of third parties.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BAYC twitter account just tweeted a form to fill out requiring your ID\/Passport &amp; eth\/home Address. Devs if the IRS has taken you hostage please blink twice.<\/p>\n<p>\u2014 cr0ss.eth (@cr0ssETH) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cr0ssETH\/status\/1502058670666006532?ref_src=twsrc%5Etfw\">March 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In addition to sensitivity around KYC, a Terms &amp; Conditions document has been criticized for making users consent to an &#8220;unrestricted&#8221; use to &#8220;all or any portion of your User Content.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly root for BAYC from the sidelines, but has anyone on your team actually read your partners T&amp;C? You&#8217;re pushing people to KYC &amp; have them agree to these terms? I really thought we were trying to move away from a web that profited off peoples IP without their consent. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/6H2C6szUmD\">pic.twitter.com\/6H2C6szUmD<\/a><\/p>\n<p>\u2014 Sebssant (@SebsDead_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SebsDead_\/status\/1502072833282871302?ref_src=twsrc%5Etfw\">March 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Another user under the handle @maz_nf warned that crypto will soon turn into a &#8220;government regulated corporateverse,&#8221; recognizing the inevitability of an NFT community to adhere to regulation and legalities to truly go mainstream.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We all were crying for people to validate us three years ago\u2026well \u200d\u2642\ufe0f here we are. Crypto, NFTs, and whatever comes next will be turned into what we feared most\u2026a Government regulated Corporateverse buckle up and smile for the camera, see you on Mars  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/3c8aWo3lBU\">https:\/\/t.co\/3c8aWo3lBU<\/a><\/p>\n<p>\u2014 MachG (@maz_nf) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/maz_nf\/status\/1502083806500638734?ref_src=twsrc%5Etfw\">March 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related:\u00a0Harmony launches Bored Ape Yacht Club NFT Passport<\/em><\/strong><\/p>\n<p>These\u00a0views sparked the debate about whether NFTs should be regulated and if KYC should be integrated into NFT marketplaces. Recently, OpenSea has been subject to phishing attacks and hacks that have left NFT owners very vulnerable. In December 2021, an art gallery owner&#8217;s Bored Apes collection, worth $2.2 million dollars, was stolen\u00a0from his hot wallet.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/yuga-labs-faces-user-backlash-for-under-wraps-kyc-restricted-project\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Yuga Labs faces user backlash for under wraps KYC-restricted project &#8220; Yuga Labs, the creator of the Bored Ape Yacht Club, or BAYC, teased a new collaboration with blockchain game publisher Animoca Brands on Twitter on Thursday. The catch is that no details about the project have been revealed yet, and users who signed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":415009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNjZmOWMyMzctYTUxZS00NWY0LTlhNDUtYzNhMjQ0YzAyYmExLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75141,95118,70934,72287],"class_list":["post-415008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-kyc","tag-nft","tag-regulation","tag-security"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/415008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=415008"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/415008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/415009"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=415008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=415008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=415008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}