Latest Bored Ape Kennel Club News
Arbitrum, in partnership with Horizen Labs and Offchain Labs, unveiled an ApeCoin DAO idea for ApeChain, a dedicated blockchain using $APE as the native gas token, aiming to revolutionize onchain gaming.
The Deets
- New Collaboration: Arbitrum, Horizen Labs, Offchain Labs team up for ApeChain
- Native Token: $APE to serve as ApeChain's gas token
- Gaming Focus: ApeChain to be a nexus for onchain gaming, led by Horizen Labs
- Technical Edge: Utilizing Arbitrum’s AnyTrust technology for efficiency and affordability
- Overall Cost: No upfront compensation requested by potential partners
The Bulk
Arbitrum, known for leading the Ethereum scaling solution space, is collaborating with Horizen Labs and Offchain Labs to propose ApeChain be cemented on Arbitrum. Given Yuga Labs' focus on the gaming sector, Arbitrum noted that its vision of ApeChain intends to use $APE as its native gas token, levergaing Arbitrum's technical attributes and market share to create a robust gaming-centric blockchain ecosystem.
The initiative has garnered support from various partners including Magic Eden, Darewise, LayerZero Labs, and more, as outlined in the full proposal.
Horizen Labs, serving as the growth lead, would focus on business development and onboarding for ApeChain, aligning with Yuga Labs' gaming strategy. Offchain Labs would contribute technical expertise, enhancing ApeChain's features, including potential implementations like hardcoded creator royalty enforcement.
None of the partners are seeking upfront compensation for the work, and its implementation would be funded by Arbitrum's Grant Program, if the idea moved forward as is. Instead, the group would receive some form of compensation from the revenue generated from ApeChain's data availability committee.
❗️Why It Matters
ApeChain seems like all but an inevitablity at this point, and now multiple heavy hitters, including Optimism, Polygon, and Arbitrum are vying to be its home. If Yuga Labs wishes to cement itself as a major web3 gaming player, it will need a place for its ecosystem token and high-speed, cost-effective transactions. Will that be with Arbitrum's help?
📊 By the Numbers
$APE has lagged relative to its web3 gaming token counterparts. The Yuga Labs' ecosystem token is up 4.4% in the last 24 hours to $1.68 and is ranked No. 101 in CoinGecko's marketcap rankings.
🎤 Founder Feedback
Our goal is to combine the strength of the APE brand with Arbitrum's technology and cement ApeChain as the nexus of onchain gaming.Arbitrum
🎬 Take Action
Learn more about the idea and provide your feedback via the ApeCoin DAO forum.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Yuga Labs CEO, Daniel Alegre, spoke candidly about his experience and the future of Yuga Labs ecosystem components, hinting at big changes and new initiatives while admitting flaws.
The Deets
- Bored Apes: Major club with global presence emphasized with events like ApeFest in Hong Kong and list of partners.
- CryptoPunks: Yuga's intensified efforts in elevating the stature and art collector appeal of CryptoPunks.
- Meebits: Transition to Otherside for a dynamic ownership experience.
- Otherside: Rapidly expanding development with help of partners.
The Bulk
Yuga Labs CEO, Daniel Alegre, provided a detailed overview of his time at Yuga Labs and shared a snapshot of before and after for some of the biggest components of the Yuga Labs ecosystem.
For the Bored Ape Yacht Club, Yuga is still going global. A highlight of this strategy is the upcoming ApeFest which will be held in HongKong. This event is a testament to Yuga's commitment to its global community, ensuring they're part of something epic.When it comes to Made By Apes, Alegre mentioned that a handful of key businesses would be showcased during ApeFest, hinting at potential collaborations or features that the community should anticipate.
The CryptoPunks relationship with Yuga Labs has seen its challenges. However, Alegre detailed how Yuga has been working diligently to enhance the brand's recognition and stature. This includes collaborations with top-tier museums and strong community support measures.
Meebits has faced hurdles from a business standpoint, but Yuga Labs is innovating solutions. By integrating Meebits into Otherside and evolving them into a more interactive experience, Yuga aims to rejuvenate the brand and bolster its community engagement.
Otherside, Yuga Labs metaverse, will see rapid changes. With partnerships and acquisitions like Hadean, Big Rhino, and Roar Studios, Yuga Labs is determined to accelerate Otherside's evolution, aiming to meet the high expectations set by the community.
Lastly, on the gaming front, Yuga Labs acknowledges past shortcomings and is eager to learn and innovate further in this space. Specifically Alegre called out the fun and excitement of Dookey Dash, but acknowledged expectations have not been met for HV-MTL.
🎤Founder Feedback
I am focused on building and delivering for the long term. We are committed to standing strong. Our mission is clear - to build culture on the blockchain - and with your support nothing will deter us from continuing to deliver on this mission.Daniel Alegre, CEO of Yuga Labs
🔜 What's Next?
With the extensive plans for each component of the Yuga ecosystem, the community should brace for a flurry of announcements, collaborations, and innovative experiences in the coming months.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Yuga Labs announced a restructuring, resulting in the elimination of various roles across the company.
The Deets
- Changes come six months after Daniel's leadership commenced at Yuga Labs.
- Key projects like "Made by Apes," Otherside, and CryptoPunks will continue.
- Partnerships with major brands such as Gucci and A Bathing Ape to remain a focus.
- Transition packages, including severance and job assistance, to be provided to affected employees.
The Bulk
Joining Yuga Labs half a year ago, CEO Daniel Alegere initiated a clear vision focusing on creative storytelling and community-building, which lie at Yuga's heart. Throughout this period, numerous projects were recognized that were either stretching the team too thin or demanding skills beyond their primary competencies.
This led to a comprehensive review of the projects, aligning them more closely with the company's core priorities. As a result, Yuga Labs decided to make certain organizational shifts. Projects such as Dookey Dash, Twelvefold, Made by Apes, the Punks Legacy Project, and collaborations with brands like Gucci and BAPE were celebrated. However, there were some challenges, especially in gaming execution.
With the aim of focusing on a select few key initiatives, Yuga Labs intends to collaborate with third parties that complement its strengths. Efforts will be directed towards community engagement, particularly for BAYC and CryptoPunks. The Otherside team will emphasize building new gaming experiences through partnerships, aiming for significant showcases in 2024. Additionally, the importance of public updates has been acknowledged, with commitments to more frequent updates.
🎤 Founder Feedback
I strongly believe that Yuga will forever change how consumers and brands interact. We have built a powerful brand by granting IP rights, something that was considered impossible in the media and entertainment industry until we came along.Daniel Alegre
🔜 What's Next?
While the restructuring primarily impacts US-based team members, an assessment on international teams is ongoing. More details will be provided in an upcoming All Hands meeting.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Yuga Labs is acquiring Roar Studios, merging gaming, social media, and metaverse expertise.
The Deets
- Roar Studios develops ROAR, a real-time media experience platform for artists and fans
- Roar’s tech and expertise will boost Otherside, Yuga’s metaverse project
- Roar's founder, Eric Reid, will become the General Manager of Otherside
- Reid's two-decade experience in film, TV, and music content distribution will enrich Yuga's leadership team
The Bulk
Yuga Labs is now broadening its horizons by acquiring Roar Studios. Roar Studios is known for ROAR, an innovative real-time platform where artists and fans can interact, collaborate, and compete from anywhere in the world.
Roar Studios, with its team of skilled audio, game, and AI engineers, has managed to carve out a unique product category in the metaverse. By blending innovative proprietary technology with established MMO game and platform systems, they've crafted a semi-autonomous music and entertainment world that's driven by individual content creators and community consensus.
As Yuga Labs moves forward with the development of Otherside, an interoperable metaverse, Roar Studios' cutting-edge technology, specialized skills, and leadership will be an invaluable asset.
Following the acquisition, Roar Studios' Founder and CEO, Eric Reid, is set to join Yuga as the General Manager of Otherside. Drawing on his extensive experience in creating and distributing content for global audiences, Reid will work in conjunction with Yuga's seasoned executive team to advance the vision and production of the platform.
🖼️ The Big Picture
The collaboration of Yuga Labs and Roar Studios paves the way for a transformative, community-driven media experience within the metaverse, fostering creative content creation and deeper social connections.
🎤 Founder Feedback
Roar Studios has redefined what it means to experience media content in the metaverse. Roar's dedication to creative content creation and social connections will accelerate our execution of our bold vision for Otherside and Yuga's ecosystem more broadly.Daniel Alegre, CEO of Yuga Labs
For more web3 and NFT news, visit the Lucky Trader newsfeed.
The official BAYC account announced that the HV viewer is now live at garage.hv-mtl.com.
The Deets
- The HV viewer shows the traits (body, back attachment, weapon system, etc.) in a garage setting.
- The site can be accessed via a warm wallet connection.
❗ Why It Matters
The new site shows HVs and their individual traits, but in a more immersive experience than on a marketplace like OpenSea.
About an hour prior, BAYC also tweeted a teaser video involving HV-MTL and the Bored Ape Kennel Club collection, with the caption "Ape follow….?". After a few weeks of silence since the HV-MTL Evo 1s were revealed, Yuga is now signaling that the activations around HV-MTL are likely to ramp up soon (it is June, after all).
🎬 Take Action
If you're a holder, check out where your HV is parked at garage.hv-mtl.com.
🕳️ Go Deeper
Today, Blur announced that both the Bored Ape Kennel Club and Otherdeeds collections will be live shortly on the Blend platform.
The Deets
- Users can buy a Bored Ape Kennel Club dog with BNPL for 0.36 ETH (at the time of writing, which is lower than the initial 0.6 ETH Blur had listed) and get 3.5 ETH for a BAKC loan.
- Users can buy a new Otherdeed for 0.09 ETH with BNPL and get 0.9 ETH for an Otherdeed loan.
❗ Why It Matters
With MAYC and BAYC already on Blend, it's no surprise that the other Yuga Labs collections, BAKC and Otherdeeds, were also added.
🎤 Community Quotes
People. Stop buying projects when they get added to Blend. The data is crystal clear at this point. It does not lead to pumps. pic.twitter.com/7KTnIjC77Q
— NFTstatistics.eth (@punk9059) May 24, 2023
🧠 Learn More
- Blur Adds Pudgy Penguins To Blend Platform (May 23, 2023)
- Kanpai Pandas, Redacted Remilio Babies Next Up on Blend (May 22, 2023)
Bored Ape Yacht Club No. 4980 sold for 530 ETH or approximately $970,000 earlier today.
The Deets
- BAYC No. 4980 NFT was sold at a 16% premium over its DeepNFTValue of Ξ456.79 ($837.7k).
- The sale realized a profit of 524 ETH for the seller.
- The Ape was purchased by "PimpCapital."
- The sale took place on X2Y2, and no royalties or fees were paid.
The Details
BAYC No. 4980 is one of 46 apes with a "Solid Gold Fur" trait which makes it one of the rarest in the collection. The seller held the NFT for about two years from its last purchase.
The sale marks the largest since BAYC No. 5230, which sold on April 20 for 300 ETH.
📊 By the Numbers
Bored Ape Yacht Club currently holds a floor price of 47.20 ETH, down about 12 percent in the last 30 days. The collection has experienced a small boost since being added to Blur's Blend platform earlier today.
🧠 Learn More
BAYC tweeted a brief teaser video that shows 80+ possible traits across the different HV-MTL mech types.
Fewer than a trillion possible combinations. pic.twitter.com/6GHVeUZbMI
— Bored Ape Yacht Club (@BoredApeYC) April 28, 2023
❗ Why It Matters
While the Evo 1 reveal was delayed until next month, it'll be worth the wait based on a glimpse at the montage of various traits that BAYC shared today. Garga previously noted there were 1,050 traits, so this preview included less than 10% of the total trait pool.
🎤 Founder Feedback
Huge amount of traits have gone into the HV MTL collection. Looking forward to seeing what comes through the rift.Garga
Yuga Labs Chief Content Officer Michael Figge provided a TwelveFold update in a tweet thread 🧵 today.
The Details
- Initially, TwelveFold was presented in a format that made sense for satoshi inscriptions.
- Originals were 1,000 x 1,000 pixels.
- But each work in the collection has since been updated to a 12,000 x 12,000 pixel format and 144K resolution.
- This version will be made accessible to TwelveFold collectors.
- Collectors will receive a framed physical print of their piece that will be delivered for free.
❗ Why It Matters
Even with everything else going on within the Yuga ecosystem, such as the ongoing development of the Otherside, the delayed HV-MTL reveal process, and the upcoming Legends of the Mara adventure, the team hasn't forgotten about the owners of TwelveFold, their first work that was purely art.
While TwelveFolds don't include a membership component or utility to be used for further activations, collectors will receive a welcome update in the form of a much higher resolution version of their piece, as well as a framed physical print that will be delivered free of charge.
🔜 What’s Next?
Yuga has prints in production for TwelveFold collectors and are dialing in framing prototypes now. Then...a puzzle?
.
🕳️ Go Deeper
- More To Come From TwelveFold Next Month? (March 17, 2023)
- TwelveFold Outputs Spark Conversation (March 13, 2023)
Mike Seavers, formerly an executive VP of development at Epic Game, will be joining Yuga Labs as its new CTO on May 22, according to a press release shared this morning.
❗ Why It Matters
Seavers brings a wealth of gaming experience at one of the top gaming studios to the Yuga Labs team as it ramps up its gaming initiatives related to The Otherside. This is a clear area of focus for Yuga Labs, who recently named Daniel Alegre, an ex-Blizzard executive, as its new CEO. Gaming will continue to be a foundational pillar of the Yuga Labs ecosystem, and the Yuga is doubling down on its team.
🔙 The Deets
- Seavers will succeed Yuga Labs co-founder Kerem Atalay in the CTO role, though Atalay will "remain with the company as a close strategic advisor," according to the release.
- At Epic Games, Seavers oversaw Epic Games' work on Unreal Engine, Fortnite and the Epic Games Store. He worked at Riot Games prior to joining Epic, where he worked on League of Legends, Valorant and Legends of Runeterra.
🎤 Founder Feedback
"Mike has a proven track record of taking organizations to the next level, and he shares our vision for how important digital identity and community will be for the future of the internet. We have an opportunity to be the web3 platform at the forefront of community and social engagement, through media and entertainment, and Mike's expertise will help us scale to achieve that." -Daniel Alegre, Yuga Labs CEO
🕳️ Go Deeper
- Yuga Labs Taps Blizzard Head As Next CEO (December 19, 2022)
- Gordon Goner Takes Leave of Absence from Yuga Labs (January 28, 2023)
- Morning Minute | Yuga's Juggling Act (March 15, 2023)
- NFT Roundtable | Yuga's NFT World (March 29, 2023)
