Digital and crypto assets including NFTs offered by Forj, or it’s associated brands (Metaprints, PolkaPet World, TasteMakerz, and $APE Accelerator) are not sold or intended to be held as investments. If you intend to purchase them as an investment you should be aware that due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
1. You could lose all the money you invest
The cryptoasset market is largely unregulated. There is a risk of losing money for any cryptoassets you purchase due to risks including, but not limited to, cyber-attacks, financial crime, and firm failure.
Cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
2. You should not expect to be protected if something goes wrong
The UK Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a ‘specified investment’ under the UK regulatory regime – in other words, this type of investment isn’t recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here.
The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here
3. You may not be able to sell your investment when you want to
There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time. This is especially true of NFT markets.
Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay, and you may be unable to sell your cryptoassets at the time you want.
4. Cryptoasset investments can be complex
Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
You should do your own research before investing. If something sounds too good to be true, it probably is.
5. Don’t put all your eggs in one basket
Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
Ape Accelerator will incubate and launch new projects that strengthen the Bored Ape Yacht Club and ApeCoin ecosystems
18 May 2023 –Forj, an Animoca Brands subsidiary and a Web3 technology leader, has been granted approval from the ApeCoin DAO to launch Ape Accelerator, an incubation platform for the Bored Ape Yacht Club (BAYC) community.
This new initiative, which was submitted and approved via ApeCoin DAO’s Idea Proposal system (see AIP-209), will incubate and launch projects that strengthen the BAYC community and ApeCoin ecosystem, and will be powered by ApeCoin tokens (APE). A grant of APE tokens was approved by the ApeCoin DAO community for the purpose of building and launching Ape Accelerator.
Ape Accelerator aims to engage the ApeCoin community as Initiators, Voters, and Participants. Initiators can submit proposals for projects to be incubated, while Voters can use their APE tokens to vote on whether the proposed projects should be launched. Participants will be able to support approved projects by purchasing NFTs and other tokens.
The launchpad within Ape Accelerator will initially operate on the Ethereum network and feature a tiered structure for participation, based on users’ APE stakes and qualifying NFT holdings. User tiers will determine benefits such as priority sales, higher purchase limits, and better allocations of rare NFTs. Tier requirements can be defined through an ApeCoin DAO voting process.
Harry Liu, CEO of Forj, said of the new initiative: “We are thrilled to have the support of the ApeCoin DAO community to bring Ape Accelerator to life. Our goal is to create new opportunities for builders and creators within the Bored Ape Yacht Club ecosystem, and with Ape Accelerator we can empower projects that will achieve just that.“
Yat Siu, the co-founder and executive chairman of Animoca Brands, said: “Ape Accelerator is an innovative approach to leverage the democratic potential of the BAYC and ApeCoin ecosystem, and to empower creators and showcase the power of community governance in Web3. We’re looking forward to the incredible projects that will emerge from this initiative.”
Forj has been a BAYC holder since May 2022 and has consistently sought to empower BAYC intellectual property and foster community growth. In a recent partnership with The Sandbox, Forj built a Bored Ape-themed metaverse experience, Monkeying Around, which attracted 46,000 unique players. Ape Accelerator will launch later this year. Projects interested in being incubated on the Ape Accelerator can contact Forj at ApeAccelerator@Forj.Network.
Forj, a subsidiary of Animoca Brands, delivers leading Web3 products and technologies that create unique fan experiences for creators. A truly end-to-end solution, Forj is the next frontier of fan engagement through its use of NFTs, metaverse protocols, and blockchain tech to bring fans closer to their favorite creator brands in Music, Entertainment, Gaming, and beyond. With major partnerships including Grammy-nominated musician Lewis Capaldi, and leading creator platform Spring, Forj has an enviable track-record of success in the sector.
On 40th Anniversary of Tron, Producer Donald Kushner’s Gumbotron Joins Forces with Forj and Animoca Brands to Create Web3-Inspired CRYPTOSAURS™
12 July 2022- On the 40th anniversary of the motion picture Tron (released 9 July 1982), the first feature film to depict the digital world known today as the metaverse, the film’s producer Donald Kushner and his Gumbotron production team have partnered with Forj, the Animoca Brands subsidiary and Web3 tech company, to produce a new metaverse story world – Cryptosaurs.
Cryptosaurs is the “next evolution of dinosaurs,” taking audiences on a journey utilising Web3 technology that will bring each Cryptosaur character to life. The series will begin with limited edition Cryptosaur NFT ‘egg drops’ in Fall 2022, with each 3D egg offering holders the ability to ‘hatch’ their very own, completely unique, digital collectible Cryptosaur.
Each egg is a mystery box containing a line of code. A ‘gene randomizer’ will then determine a sequence of ‘freeze-or-hatch’ events in early 2023, in which holders of the eggs will learn what species of Cryptosaur they have been awarded, and how and where it can be put to use in the metaverse.
Example Genesis Egg
The products the production team will make available to holders via their Cryptosaur characters are expected to include play-to-earn games, fine art, a feature film, VR and AR immersive museum exhibits, educational media, a graphic novel, and even a pinball machine.
The new digital collectible project will bring to life the vision of the original Tron film, with the characters eventually becoming avatars in the metaverse, made possible through Forj’s own metaverse infrastructure brand – Metaprints.
The high-profile team behind the Cryptosaurs project includes Creative Director John Scheele, who has worked on both Tron and Blade Runner, and Head of Creative Doug Ferguson, former Senior VP of Product Development at The Pokémon Company. Speaking ahead of the Tron 40th anniversary and Cryptosaurs launch, Producer Donald Kushner said: “What we began with Tron, we are continuing 40 years later with Cryptosaurs. The difference is that in Tron we had one story about one human character in a digital world. In Cryptosaurs, the number of characters, storylines and revenue-producing derivatives we can generate is unlimited. I think Web3 is going to completely re-arrange the media and entertainment business.”
Liam Boyd, Forj Head of Music and Entertainment, added: “We’re delighted to be working on this exciting and unique project alongside such legendary filmmakers. This immersive experience, showcasing the power of Web3, is the perfect way to celebrate 40 years of the iconic film Tron. We want fans to see Cryptosaurs as the realisation of a number of the original themes that Tron introduced, and of course welcome new audiences as well.”
Mike Bonifer, Head of Storytelling for Cryptosaurs, stated: “Forj understands how to build communities and markets in the metaverse. Its NFT minting process is holistic, and is designed to generate long-term community relationships with game mechanics and storytelling.”
More news will be announced soon, and in the meantime audiences can register their interest in Cryptosaursand receive a FREE digital collectible at www.cryptosaurs.ai, or follow @Cryptosaurs_ai on Twitter.
Forj, a subsidiary of Animoca Brands, delivers leading Web3 products and technologies that create unique fan experiences for creators. A truly end-to-end solution, Forj is the next frontier of fan engagement through its use of NFTs, metaverse protocols, and blockchain tech to bring fans closer to their favorite creator brands in Music, Entertainment, Gaming, and beyond. With major partnerships including influencer Logan Paul, Grammy-nominated musician Lewis Capaldi, and leading creator platform Spring, Forj has an enviable track-record of success in the sector.
Forj-owned brands include metaverse infrastructure project Metaprints and leading GameFi project PolkaPets.
Gumbotron is a Web3 studio founded in 2021 by Donald Kushner, John Scheele and Mike Bonifer to specialise in metaverse storytelling. Gumbotron combines cinematic techniques, game mechanics, art, technology and a distributed production model to build profound new worlds that let audiences engage deeply with a story and its outcomes and to provide, via smart contracts, equitable participation in intellectual properties for their creators and investors.