Leaked Yuga Labs Pitch Deck 'Outdated' and 'Old'
Leaked earlier today, a pitch deck that was allegedly shared by Yuga Labs to potential investors has been deemed "outdated" and was "old" by some Bored Ape founding members per an announcement in the Bored Ape Yacht Club Discord.
The leak comes after last week's wild news which saw the brand acquire the IP of CryptoPunks and Meebits from Larva Labs.
Allegedly, the pitch deck revealed that Yuga Labs is planning to generate a net revenue of approximately $455 million in 2022.
Additionally it is said to contain Yuga Labs' 2022 roadmap with formal projections for its upcoming metaverse initiative, along with a planned token drop and more. As noted above, these plans are deemed to be outdated with many things that have already changed.
The documents were said to have been circulated to investors as part of Yuga's 2022 fundraising initiative. Previous reports have indicated that the valuation for the brand are in the $5B range.
It's difficult to surmise which of the following topics may have changed drastically, but the leaked deck contained the following details:
Virtual Land NFTs
Yuga Labs' first initiative in the pitch deck was centered around a Virtual Land NFT sale. The land was slated as the foundation of an upcoming metaverse game.
The expected sale would have occurred in two phases taking place in March and August, where 200,000 plots would have been sold in hopes to raise $178 million. In the first sale according to the leaked deck below, there were 100,000 plots, with 30 percent for MAYC and BAYC holders, leaving 70,000 plots for the public sale. The final 100,000 plots will be all public sale in August.
Price estimate wass "conservatively 1 ETH" with the initial sale generating $200 million and plans to tease future paired NFTs with plots to increase secondary sales.
After recently releasing a registration and KYC form in partnership with Animoca, it is no shock that this land sale was linked with the Animoca team. According to the deck this partnership has been in the works for seven months and will foster the Bored Apes soiree into the metaverse gaming realm.
The tape leaked
-unconfirmed but this looks accurate pic.twitter.com/WQdC8hHsy5
— King BlackBored 🏴☠️👑 (@KingBlackBored) March 15, 2022
The MetaRPG World
Not only was Yuga planning on selling Virtual Land, but there were plans to release a "gaming focused" metaverse.
This metaverse was intended to hold plots that utilize a whole host of other NFTs within the Yuga brand. The plan, according to the pitch, was to allow players to create their own in-game characters using current NFTs or starting from scratch.
This "in-game app store" would have allowed users to customize characters to their liking and utilize NFTs within the game. To create this MetaRPG Yuga planned to use the the long-speculated "APEcoin."
APECoin was also confirmed in the pitch deck, as a means to "buy, barter, and trade" within the planned MetaRPG app-store.
After rumors have swirled in anticipation of an $APE token, Yuga's pitch deck revealed that the team had intentions to create an economy around the Ape brand.
The APECoin was intended to be one unifying coin in which consumers can use to power the upcoming marketplace within MetaRPG. The token was rumored to be launched with the primary Land Sale in March.
Yuga's Ultimate Vision
Quoted in the pitch deck Yuga: "wants to build something that expands the universe of the BAYC, but also invites the larger NFT community (and those priced out of BAYC membership) to join."
More is likely to come in soon as Yuga Labs has been full sprint ahead in the last few weeks, unveiling new initiatives not previously known.