Yat Siu Profile picture
Mar 11 7 tweets 4 min read
1/ Lots of discussion and some misunderstanding on why KYC is important, especially as it relates to our latest awesome collab . Here is why #KYC is critical to the future of this industry #blockchain #NFTs
2/ KYC is required by law in financial transactions to establish the legitimacy of a customer in order to prevent identity theft, money laundering and other financial crimes.
katipult.com/insights/what-…
3/ Our digital existence co-exists with our physical. Whether we like it or not, there is always a thread connecting the virtual with the real, which means that all of us must abide by the laws and regulations of where we live and/or do business.
4/ Non-compliance results in penalties and can cause projects to be shut down.
On the other hand, compliance helps to safeguard the future of a project and this includes our collaboration with @BoredApeYC
analyticsinsight.net/crypto-and-bit…
5/ We use Blockpass, an independent KYC & AML self-sovereign identity provider. Neither @animocabrands nor @BoredApeYC can see your personal info. @BlockpassOrg destroys your data after verification and only stores an anonymous representation of your data. blockpass.org
6/ “Blockpass simply stores a special identifier, called a ‘hash’, of your personal information. Once your information is verified, it is sealed in a digital packet and put through a ‘hashing’ mechanism.” medium.com/@blockpass/blo…
7/ If you are still not comfortable declaring your BAYC wallet for the KYC process, you can simply register with a new wallet. You do not need to be a BAYC holder to participate in what’s coming soon.

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More from @ysiu

Apr 26
1/ The Otherside is launching on 4/30 only those who KYCed can mint however @BoredApeYC #bayc #mayc holders will be able to claim their #NFT post-auction without the need for KYC. To mint you will need @apecoin $APE details available on @OthersideMeta
2/ All @apecoin earned from this auction will be locked up for one year which means no voting and other uses (eg. staking) for that period as well
3/ Auction will happen only on otherside.xyz news will only be from @othersidemeta @BoredApeYC @yugalabs @animocabrands as well as on Discord at discord.gg/bayc & discord.gg/the-otherside be vigilant/stay safe
Read 4 tweets
Apr 16
1/ .@apecoin frens we have received a proposal from a credible 3rd party blockchain developer who has given us an assessment on a development time table for AIP-4&5 with caps implemented. The proposal is shared at forum.apecoin.com/t/aip-4-stakin… for a summary see 🧵👇 with a poll #DAO
2/ We decided to explore proposals from reputable 3rd party blockchain firms to assess the time table for a discussion with the @apecoin community given the many concerns. This proposal suggests a time table of 14 weeks for the staking implementation itself
3/ and it also assumes 13 weeks of development for the UI which can be done simultaneously. The proposal was created by a very credible blockchain developer who for the time being wishes to remain anonymous given that AIP-4 (revised) was not (and may not be) approved.
Read 7 tweets
Apr 13
1/ Incredibly excited to announce that the incredibly talented team at @Darewise creators of the #AAA #MMORPG @LifeBeyond and expert builders of online worlds is joining the @animocabrands fam a quick🧵👇 as to the reasons #NFT #blockchaingames venturebeat.com/2022/04/13/ani…
2/ The team behind @Darewise has one of the most storied and experienced AAA development backgrounds having worked on @assassinscreed @fable @TheDivisionGame @Crytek Black & White which will help level-up our collective experiences in #gaming #mmo #nft
3/ Led by @Ben_Charbit @kahncode @Vincemarty the #mmo #openmetaverse they are building @LifeBeyond is both ambitious as it is beautiful built with @UnrealEngine you can learn more about it and join their community over at: playlifebeyond.com #NFTs Image
Read 5 tweets
Mar 24
1/ lots of discussion on @apecoin AIP-4 and 5 proposal snapshot.org/#/apecoin.ethI will aim to address what appears to be the immediate staking question and will aim to articulate these more formally on my medium and given urgency I thought I would share some initial clarification
2/ AIP-5 proposes 4 separate staking pools, each with a specific number of ApeCoin rewards. Though 3 of the pools are designed to only be available to #BAYC, #MAYC, and/or BAKC holders, reminder: only @apecoin tokens are ever technically staked, not the NFTs.
3/ If a BAYC ecosystem NFT holder wants to stake in pool 2, 3, or 4 they will need to pair the NFT with their ApeCoin to access the relevant staking pool. The NFT itself isn’t staked — it acts as the key to the “safety deposit box” holding the staked ApeCoin.
Read 7 tweets
Jan 18
1/ Proud and humbled to announce @animocabrands raising US$358,888,888 in a round led by @LCVentures with investors kingsway @tyler @cameron @Gemini @georgesoros @sequoia @paraficapital @smilegroup_in and many more #openmetaverse frens for details a 🧵👇coindesk.com/business/2022/…
2/ Our vision is to help build and construct the #openmetaverse based on important concepts such as openness, equity, digital property rights, and a nonzero-sum approach where users become citizens with actual ownership and rights #NFTs #blockchain forbes.com/sites/justinbi…
3/ The threat to building a #metaverse that is owned by a majority interest comes from those that want to build a closed metaverse who already have control of all our data and are monetizing off the data that we gave up for free decrypt.co/84043/facebook…
Read 8 tweets
Jan 5
1/ Congratulations .@cryptoslamio for this milestone @animocabrands is proud to lead the round with an incredible group of fellow investors including @mcuban @okex @BinanceChain @0xPolygon @FortePlatform @reidhoffman @markpinc and friends! For more colour why we invested see🧵👇
2/ More data and insights on our digital property i.e. #NFTs provides for more transparency and a healthier ecosystem in the #metaverse creating a more efficient market for everyone. This is true for almost anything in a free market. propmodo.com/transparency-i…
3/ @cryptoslamio literally slammed into the news starting with its tracking and coverage of @nbatopshot assisting in gaining attention and insights that assisted with the development of market activity with #NFTs especially on @flow_blockchain at the time si.com/nba/2021/03/17…
Read 6 tweets

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