Latest Mutant Ape Yacht Club News

Greg Solano, also known as CryptoGarga, is stepping back in as CEO of Yuga Labs with a promise of a cryptonative future and immediate action across its ecosystem.

The Deets

• Garga "reinvigorated" to regain CEO role. 
• BAYC LLC Formation: A new subsidiary to empower the Bored Ape Yacht Club with more autonomy.
• Otherside Vision: Aiming to become web3's living room, with a commitment to enhanced community engagement.
• Gaming Strategy: A dual approach focusing on fun and cryptonative mechanics for broader ecosystem growth.
• Community Engagement: Plans to increase interaction and communication with the community.

The Bulk

CryptoGarga, co-founder of Yuga Labs, announced his return as CEO in a move that signals a strategic pivot towards a more cryptonative focus for the company.

Garga provided immediate next steps and action items for all of the major Yuga Labse ecosystem items, starting with its flagship, Bored Ape Yacht Club.

First and foremost, he announced the establishment of the BAYC LLC as a subsidiary to Yuga Labs. The LLC aims to grant the BAYC team the autonomy needed to foster creativity and rapid execution of its vision. This structural change is designed to leverage the BAYC's community-driven success to new heights.

In parallel, the Otherside project is depicted as the future "living room of web3," a space for community gathering and engagement across various web3 ecosystems. Solano's vision for Otherside involves a deeply interactive development process, with increased communication and community input at its core.

The gaming strategy outlined by Solano emphasizes a "barbell approach," balancing mass-market appeal with cryptonative mechanics. Initiatives like Dookey Dash are highlighted as examples of engaging gameplay that can attract a wide audience, while undisclosed projects promise to deepen the cryptonative aspect of Yuga's gaming ventures.

🎤 Founder Feedback

❗Why It Matters

After lots of negative sentiment following the PROOF acquisition last week, Yuga Labs regains good community favor pushing back to its roots and shedding a bit of the "corporate" cloud that has shrouded the company in the last few years.

🔜 What's Next?

With increased communication and a clear action plan, the future under CryptoGarga's leadership promises much more from Yuga Labs' portfolio. 

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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

🎬 Take Action

Learn more about the idea and provide your feedback via the ApeCoin DAO forum. 

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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

🔜 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.

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Yuga Labs shared more details about its its debut Yacht Club Open House on Nov. 5, 2023, in Kai Tak, Hong Kong.

The Deets

• Open House Aims: Provide insight into BAYC and foster dialogue among web3 industry leaders.
• Ticket Availability: Limited and sold on a first-come, first-served basis.
• Event Agenda: Topics range from the future of web3 gaming to the expansion of artists and museums in the digital space.

The Bulk

On November 5, 2023, Yuga Labs will unveil a unique experience - the Yacht Club Open House.

Directly on the heels of Yuga Labs' exclusive ApeFest 2023, the Open House emerges as a beacon for the broader public. Though the tickets are limited in number, those who snag them will get a front-row view into Yuga Labs' vision for the future immersive internet. The discussions are set to span the potential of gaming in web3 to the instrumental role of IP for brands. 

Attendees will get insights from renowned figures like Illa DaProducer, the 12x platinum Grammy-nominated music producer, and Yat Siu, Co-Founder of Animoca Brands. Other notable names include Eric Reid, Michael Figge, and many more from Yuga Labs.

🎤Founder Feedback

 🎬 Take Action 

Open House tickets are for sale now. 

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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

🔜 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.

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nWay and Animoca Brands revealed Wreck League, a hybrid Web3/Web2 fighting game merging craftmanship, competition, and thrill, in collaboration with Yuga Labs. 

The Deets

• Wreck League is a groundbreaking multiplayer game allowing players to create, own, and fight with their Mechs.
• More than 1.5 quadrillion possible Mech combinations present an almost infinite roster of fighters.
• Holders of Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club, and Otherside Kodas can claim a free fully constructed Founders Mech that cannot be deconstructed.
• Players collect NFT-based Mech Parts to create fully customizable, unique Mech character NFTs.
• A free-to-play version of the game is also planned, aiming to bridge the gap between the web3 and web2 gaming communities.

The Bulk

Launching a significant evolution in the realm of competitive multiplayer games, nWay's Wreck League invites players to generate their own mech fighters, offering over 1.5 quadrillion possible unique combinations.

The inaugural season will incorporate Yuga Labs collections, allowing holders of the aforementioned collections to utilize "rare Yugaverse Mechs" to boost gameplay and exclusivity. This approach provides a bridge between the realms of traditional gaming and NFTs, offering a unique blend of customization, ownership, and gameplay.

In Wreck League, creators, owners, and skilled players form competitive teams, encouraging a fusion of creativity and tactical gameplay. Each Mech is composed of 10 Mech Parts NFTs, fostering endless customization possibilities and making each Mech a unique entity on the battlefield.

Alongside the web3 version, nWay also plans a free-to-play Web2 version of Wreck League. While mirroring the web3 version's core gameplay, it will incorporate features like daily missions and a battle pass, creating a bridge between the web3 and web2 gaming communities.

🎤 Founder Feedback

🎬 Take Action

Stay in the loop and register for the Wreck League Allowlist on its official website. Users must KYC for allowlist access. 

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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

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Bored Ape Yacht Club is pausing the ApeFest ticket claim process due to a technical issue with tokenproof that impacted a significant number of Apes trying to join the queue. 

 The Deets

• ApeFest Ticket Claim: Paused temporarily.
• Technical Issue: Long API calls during the authentication process causing timeouts and rejection messages.
• The Plan: Tokenproof will optimize checks for Apes, delegation, staking, collateralization, and asset queries to ensure efficiency and scalability for future events.
• Apologies: Tokenproof's founder expressed regret and appreciation for feedback, assuring a more successful relaunch.

The Bulk

The highly anticipated ApeFest event, operated by tokenproof, encountered a significant setback when a significant number of Apes faced difficulty entering the ticketing queue. The team identified the root cause as long API calls made during the authentication process, leading to inefficient performance and frustrating outcomes for some users.

Tokenproof's founder addressed the issue, admitting the situation was "shitty and embarrassing." However, the team has analyzed what went wrong and devised a comprehensive plan to improve the process. The upcoming changes include optimizing checks for apes, delegation, staking, collateralization, and asset queries, ensuring smoother future ticketing experiences.

The founder acknowledged the frustration of those who had to wait and welcomed the feedback, vowing to learn from the experience and ensure a seamless relaunch. The company is committed to scaling infrastructure effectively to handle high traffic and prevent similar issues in the future.

Stay tuned for updates as Tokenproof prepares to re-launch ApeFest with enhanced efficiency and an unforgettable experience for all attendees.

🎤 Founder Feedback

🔜 What's Next?

BAYC aims to provide a 48-hour notice before ticketing reopens, giving Apes ample time to prepare for the relaunch. Keep an eye out for updates and announcements, as the team plans to celebrate the successful relaunch with a vibrant event in Hong Kong.

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ApeFest Hong Kong ticket claim opens this Wednesday, July 26 at 8:00 p.m. ET. 

The Deets

• ApeFest Hong Kong: A global event from November 3-5, 2023
• Two options: Join in Hong Kong or participate online
• Tickets: Free for Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) holders, $269 for additional guests
• Three-day event: Includes meetups, city-wide experiences, new merchandise, and a big surprise night

The Bulk

ApeFest, the must-attend event for Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) holders, is going global with an event in Hong Kong this year. Spread over three days from November 3-5, 2023, the event promises to be full of meetups, community events, new merchandise, and a big surprise night, providing a city-wide experience for all participants.

Ticketing for ApeFest opens on July 26 at 8:00 p.m. ET (July 27 at 8:00 a.m. HKT) and will be on a first-come, first-serve basis. The tickets are free for BAYC and MAYC holders, but they’ll need to pay a $169 refundable deposit upon claiming their tickets. This deposit will be returned once the holders are scanned in during ApeFest.

Alongside the physical event in Hong Kong, there will also be opportunities for apes to participate virtually. Furthermore, the BAYC community is planning to host real-life events globally for those who can't make it to Hong Kong.

💰 Money Talks

BAYC and MAYC holders can attend the event for free, only needing to make a refundable deposit of $169. Additional guest tickets are available for purchase at $269 each.

🎬 Take Action

Interested in attending ApeFest Hong Kong? Get your wallets ready and be prepared to claim your ticket on the specified date. Make sure you have the tokenproof app downloaded and connected to the wallet with your BAYC or MAYC.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Bored Ape Yacht Club (BAYC) officially unveiled "Made By Apes," a first-of-its-kind on-chain licensing platform, to its community of builders in partnership with SaaSy Labs.

The Deets

• Made By Apes: an on-chain licensing platform for BAYC and MAYC holders
• Provides a unique license number for businesses and products
• Aims to verify and distinguish authentic community-made products
• Launch partners include community brands like Ape Beverages, Bored Brewing Co., and more

The Bulk

The Bored Ape Yacht Club, one of the most influential NFT projects in the space, has launched a new licensing platform called Made By Apes. Developed in partnership with SaaSy Labs, the initiative gives Apes the ability to request a license, register their businesses or products, and receive a unique license number on the Made by Apes platform.

The move is aimed at unifying and verifying genuine products made by BAYC and Mutant Ape Yacht Club (MAYC) holders. The Bored Ape Yacht Club community has birthed a staggering number of projects that feature Ape IP since its inception two years ago. With Made By Apes, these community contributions can now be recognized and authenticated on-chain, fostering a network of genuine builders.

The platform was rigorously pressure tested with the help of several launch partners, all community brands, who've been pioneering the space. These partners include Ape Beverages, Bored Brewing Co., Ladies of BAYC, and others, representing a small fraction of the BAYC story.

🎤 Project Prose

🔜 What's Next?

The Bored Ape Yacht Club plans to launch the Bodega soon, a platform which will display all active Made by Ape licenses. Registering for a license today means becoming a founding part of the Made by Apes story.

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