Yacht – Earlybirds Invest

Off the Grid, blockchain-based battle royale developed by Gunzilla Games, has introduced Bored Ape Yacht Club (BAYC)–themed content as part of a new in-game update.

The content includes character skins, weapons, and emotes styled after the popular Ethereum NFT collection released during a limited-time “Ape-ril” event and is available to players subscribed to the game’s Pro tier.

The release follows the launch of the Gunzilla Games’ $GUN token and the rollout of its GUNZ blockchain network.

Off the Grid Adds Bored Ape Yacht Club Avatars — Source: Off the Grid

What’s in the Bored Ape Content Pack?

The new BAYC-themed update includes two playable avatar skins, two weapons, and two character emotes referencing the Bored Ape aesthetic and tone. The content is part of a premium package for Pro subscribers and became available on Wednesday.

Gunzilla Games released a limited-time cosmetic called the “Ape-fool Mask” on April 1 and players could unlock it by participating in a single match that day.

The item is no longer available, which may make it rare among the game’s cosmetic offerings.

What’s next for Off the Grid?

The BAYC-themed content arrives shortly after the launch of GUNZ, a new Avalanche-based blockchain developed by Gunzilla Games to support Off the Grid and future projects. The network’s native token, $GUN, was also introduced via a token generation event earlier this week.

Since its launch, $GUN has declined more than 50% in value from its initial peak and is currently trading at approximately $0.043. Although its circulating market capitalisation is modest at around $26 million, the token’s fully diluted valuation—based on total supply—places it above other web3 gaming tokens such as ApeCoin and PRIME.

At present, GUN is not yet functional within Off the Grid, and the game still operates without blockchain-integrated gameplay. Gunzilla’s web3 lead, Theodore Agranat, stated that migrating the game to the GUNZ mainnet remains a “main priority,” but no timeline has been provided.

Yuga Labs probe

The SEC had launched its probe into Yuga Labs in October 2022 The agency had been examining whether certain NFTs could be classified as securities under federal law.

Specifically, the SEC was reportedly investigating whether Yuga Labs’ NFT collections, including Bored Ape Yacht Club and related assets, were marketed in a way that could be considered an investment contract under the Howey Test.

The agency also scrutinized the company’s sale of ApeCoin (APE), a crypto associated with the BAYC ecosystem, to determine whether it fell under securities regulations.

With the SEC’s decision to close the case without any charges, Yuga Labs and the NFT industry at large see the move as a significant regulatory victory.

The decision provides some clarity for NFT creators and marketplaces, though broader questions about the classification of digital assets remain unresolved.

Multiple cases closed

The decision to end the Yuga Labs inquiry comes amid a wave of SEC case closures in the crypto sector under new leadership appointed by the Trump administration.

In recent days, the agency has also dropped investigations into Robinhood, Gemini, Uniswap Labs, Consensys, and OpenSea. Meanwhile, the SEC has settled lawsuits with Coinbase and Kraken and is reportedly moving toward a resolution with TRON founder Justin Sun.

This regulatory shift follows years of scrutiny from the SEC, which ramped up its enforcement actions against digital asset companies under Chair Gary Gensler.

The agency had argued that many crypto assets, including certain NFTs, met the definition of securities under the Howey Test, a legal standard used to determine whether an asset falls under SEC jurisdiction.

However, industry leaders have pushed back against this classification, arguing that NFTs represent digital ownership rather than investment contracts.

Despite the SEC’s recent case dismissals, its longstanding lawsuit against Ripple remains in active litigation.

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