Yugalabs
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Yuga Labs is restructuring and reducing its team size, announced by co-founder Greg Solano, who stated the company's direction has shifted to building a smaller, more flexible team.
#Yugalabs #ScamRiskWarning #BullorBear #nft
#Yugalabs #ScamRiskWarning #BullorBear #nft
#Yugalabs Lays Off Again! Just 6 months after restructuring, the #NFT giant behind Bored Ape Yacht Club announces more layoffs and a renewed focus.
CEO #Solano says Yuga Labs "lost its way" and needs to return to its creative roots. He blames complex processes and a focus on planning over execution.
The company is spinning off some projects to focus on its 3D #metaverse game "Otherside." This comes amid falling NFT royalties due to marketplace changes.
Yuga Labs also announced Won Kim as their new Head of Brand Partnerships, but it's unclear if this is part of the restructuring.
CEO #Solano says Yuga Labs "lost its way" and needs to return to its creative roots. He blames complex processes and a focus on planning over execution.
The company is spinning off some projects to focus on its 3D #metaverse game "Otherside." This comes amid falling NFT royalties due to marketplace changes.
Yuga Labs also announced Won Kim as their new Head of Brand Partnerships, but it's unclear if this is part of the restructuring.
Yuga Labs accused of IP theft for trademarking BAYC wolf skull logo
NFTs were introduced to the world to help solve the illegal use of intellectual properties and protect artists, the very problem Yuga Labs has been accused of doing.
#Yugalabs #crypto2023 #BTC
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NFTs were introduced to the world to help solve the illegal use of intellectual properties and protect artists, the very problem Yuga Labs has been accused of doing.
#Yugalabs #crypto2023 #BTC
👉🏻 Follow Us
Gucci Partners With Yuga Labs To Explore Fashion And Entertainment In The Metaverse
Luxury fashion brand Gucci has announced a partnership with web3 company Yuga Labs to explore the intersection of fashion and entertainment in the metaverse. The multi-year deal will see Gucci take an active role in Yuga Labs’ virtual world and game, Otherside, and participate in the continuing narrative of its popular narrative NFT project, 10KTF.
The collaboration will extend engagement between the communities of both companies and build on Gucci’s previous partnership with 10KTF for the Gucci Grail project. The project saw the creation of clothing and accessories used to personalize NFTs with the designs of Gucci’s then-creative director, Alessandro Michele.
10KTF’s Wagmi-san with the Gucci Grails
Gucci’s senior executive vice president, corporate and brand strategy, and chief executive of Gucci Vault & Metaverse Ventures, Robert Triefus, said that the luxury brand still sees a long-term opportunity in web3 for building community, encouraging customer loyalty, and ultimately generating revenue. Triefus described the early frenzy around NFTs as a “wild west” period and views the market’s downturn from its highs in late 2021 as a “correction.”
Yuga Labs was founded in 2021 and created Bored Ape Yacht Club, which grew into one of the most successful NFT projects. The company later acquired the rights to CryptoPunks, Meebits and 10KTF, and raised $450 million at a valuation of $4 billion last March.
Gucci’s participation in Otherside is set to begin this week, and Yuga Labs’ chief creative officer, Michael Figge, said he is looking forward to showcasing how the partnership extends to endless opportunities in Otherside. The partnership between Gucci and Yuga Labs represents a significant step forward for the fashion industry’s exploration of the metaverse and web3, and many are excited to see how the collaboration unfolds in the coming years.
#NFT #Yugalabs #Gucci #Otherside #azcoinnews
This article was republished from azcoinnews.com
The collaboration will extend engagement between the communities of both companies and build on Gucci’s previous partnership with 10KTF for the Gucci Grail project. The project saw the creation of clothing and accessories used to personalize NFTs with the designs of Gucci’s then-creative director, Alessandro Michele.
10KTF’s Wagmi-san with the Gucci Grails
Gucci’s senior executive vice president, corporate and brand strategy, and chief executive of Gucci Vault & Metaverse Ventures, Robert Triefus, said that the luxury brand still sees a long-term opportunity in web3 for building community, encouraging customer loyalty, and ultimately generating revenue. Triefus described the early frenzy around NFTs as a “wild west” period and views the market’s downturn from its highs in late 2021 as a “correction.”
Yuga Labs was founded in 2021 and created Bored Ape Yacht Club, which grew into one of the most successful NFT projects. The company later acquired the rights to CryptoPunks, Meebits and 10KTF, and raised $450 million at a valuation of $4 billion last March.
Gucci’s participation in Otherside is set to begin this week, and Yuga Labs’ chief creative officer, Michael Figge, said he is looking forward to showcasing how the partnership extends to endless opportunities in Otherside. The partnership between Gucci and Yuga Labs represents a significant step forward for the fashion industry’s exploration of the metaverse and web3, and many are excited to see how the collaboration unfolds in the coming years.
#NFT #Yugalabs #Gucci #Otherside #azcoinnews
This article was republished from azcoinnews.com
Yuga Labs plans to transition its fantasy game, 'Legends of The Mara' (LoTM), to a mobile interface in the latter half of this year. LoTM features collectible card mechanics and idle tap gameplay, allowing players to embark on a mystical journey across the Otherside universe.
#Yugalabs #LoTM #nft #gaming
#Yugalabs #LoTM #nft #gaming
#Yugalabs and #MagicEden are collaborating to launch an Ethereum NFT #Marketplace to ensure creators receive their rightful royalties. The partnership aims to support creators and prioritize their rights in #NFT sales. Magic Eden will share a portion of secondary market sales proceeds with Yuga Labs. Yuga Labs has reduced its support for #opensea due to OpenSea discontinuing its Operator Filter tool, which filtered platforms for royalty adherence.
Despite challenges in the NFT market in August, the floor price of Bored Ape Yacht Club (BAYC) NFTs increased on October 30. Magic Eden is also expanding support for Solana-powered compressed NFTs, which can make it easier for creators to mint NFTs on the Solana network.
Despite challenges in the NFT market in August, the floor price of Bored Ape Yacht Club (BAYC) NFTs increased on October 30. Magic Eden is also expanding support for Solana-powered compressed NFTs, which can make it easier for creators to mint NFTs on the Solana network.
Magic Eden and Yuga Labs are teaming up to create a marketplace for NFTs on Ethereum that guarantees royalties for the original creators.
#MagicEden #Yugalabs
#nft
#MagicEden #Yugalabs
#nft
Yuga Labs has launched the closed beta version of "Dookey Dash: Uncloggeded."
#Yugalabs #gaming #dookeydash #Faraway #TrendingTopic
#Yugalabs #gaming #dookeydash #Faraway #TrendingTopic
Yuga Labs and Faraway Games have partnered to enable players to create and sell their own 3D models and stickers for Dookey Dash Unclogged, a sequel to the popular browser game Dookey Dash.
Dookey Dash Unclogged is expected to launch in Q1 2024 and will be available on PC/Mac and mobile devices.
#dookeydash #Yugalabs #nft #Faraway
Dookey Dash Unclogged is expected to launch in Q1 2024 and will be available on PC/Mac and mobile devices.
#dookeydash #Yugalabs #nft #Faraway
Yuga Labs has acquired PROOF, a web3 lifestyle and media company, including the PROOF Collective, Moonbirds, Oddities, Mythics, and Grails exhibition series.
The acquisition aligns with Yuga's vision to become web3's front door, integrating Moonbirds into Otherside.
#Yugalabs #proof #nft #web3 #Write2Earn
The acquisition aligns with Yuga's vision to become web3's front door, integrating Moonbirds into Otherside.
#Yugalabs #proof #nft #web3 #Write2Earn
Ryder Ripps and Jeremy Cahen have been dismissed from a lawsuit against Yuga Labs, resulting in an unfavorable order for $9 million in disgorgement and other statutory damages.
#YugaLabsVictory #Yugalabs #NFT
#YugaLabsVictory #Yugalabs #NFT
Yuga Labs wants to make trading CryptoPunks easier. It has launched a new wrapper named CryptoPunks721, which lets users transact these original NFTs more smoothly.
#nft #Yugalabs #CryptoPunks
#nft #Yugalabs #CryptoPunks
The launch of the Ethereum NFT marketplace, a joint project between Magic Eden and Yuga Labs, has been postponed.
Magic Eden shared the news on social media, stating that the original deadline of late 2023 could not be met.
#MagicEden #nft #Yugalabs
Magic Eden shared the news on social media, stating that the original deadline of late 2023 could not be met.
#MagicEden #nft #Yugalabs
NEWS: The Simpsons roasted NFTs in their annual Halloween special, titled "Treehouse of Horror XXXIII," which aired on October 30, 2023. In the episode, Homer purchases an NFT from Bored Ape, which he calls "Bored Ape Yacht Club" and The Simpson family quickly finds itself sucked into the world of NFTs.
Despite the negative portrayal of NFTs in the episode, an NFT collection called "Simpsons Money" reached near the top of the OpenSea charts after the episode's release. The collection features images of The Simpsons characters rendered in a pixelated style.
In other NFT news, Yuga Labs, the company behind the popular Bored Ape Yacht Club NFT collection, announced on August 4, 2023 that its chief operating officer, Wylie Aronow, had resigned after a series of anti-Semitic tweets resurfaced. . The tweets, which were posted in 2018, were widely condemned by the NFT community.
Aronow apologized for the tweets and said he had "grown and changed" since then. Yuga Labs said it was "deeply disappointed" by Aronow's tweets and was committed to creating an "inclusive and welcoming" community.
The Simpsons' roasting of NFTs and the resignation of Yuga Labs' COO are signs that the NFT space is still maturing. The space is still dealing with issues like scams, fraud, and lack of diversity. However, the fact that NFTs are popping up in popular culture and that companies like Yuga Labs are taking steps to address these issues is a sign that the space is moving in the right direction.
Source: Cointelegraph
#TheSimpsons #Yugalabs #NFTComeback
Despite the negative portrayal of NFTs in the episode, an NFT collection called "Simpsons Money" reached near the top of the OpenSea charts after the episode's release. The collection features images of The Simpsons characters rendered in a pixelated style.
In other NFT news, Yuga Labs, the company behind the popular Bored Ape Yacht Club NFT collection, announced on August 4, 2023 that its chief operating officer, Wylie Aronow, had resigned after a series of anti-Semitic tweets resurfaced. . The tweets, which were posted in 2018, were widely condemned by the NFT community.
Aronow apologized for the tweets and said he had "grown and changed" since then. Yuga Labs said it was "deeply disappointed" by Aronow's tweets and was committed to creating an "inclusive and welcoming" community.
The Simpsons' roasting of NFTs and the resignation of Yuga Labs' COO are signs that the NFT space is still maturing. The space is still dealing with issues like scams, fraud, and lack of diversity. However, the fact that NFTs are popping up in popular culture and that companies like Yuga Labs are taking steps to address these issues is a sign that the space is moving in the right direction.
Source: Cointelegraph
#TheSimpsons #Yugalabs #NFTComeback
