▲圖片標題(來源：Image Credits: BAYC)
Even among the fastest-growing crypto startups, Yuga Labs has had a particularly explosive year.
The startup is behind the NFT project Bored Apes Yacht Club (BAYC), which only launched in April of last year but has quickly grown to become the most valuable NFT project by market cap. The price of admission to purchase the cheapest of the 10,000 images currently sits at around $240,000 worth of the Ethereum cryptocurrency. As the startup reportedly looks to bank funding at a $5 billion valuation (a spokesperson for the company declined to comment on that figure), Yuga Labs is looking toward the future, detailing a new partnership for a play-to-earn gaming title built around a much-hyped token called ApeCoin.
Multimillion dollar monkey pictures and monkey money are likely not the future you were expecting to capture the undivided attention of Silicon Valley VCs, but Yuga Labs hopes that the new game and token will inspire a mainstream crypto economy built around their their IP, which further expanded last week to include the highly valued CryptoPunks and Meebits NFT collections after Yuga acquired the assets from Larva Labs.
Building up this economy will require some very particular legal maneuverings to ensure regulatory compliance. The SEC has largely been keeping its distance from NFT projects — though not entirely — but crypto startups selling tokens that act as unregistered securities has been an area where they’ve been more vigilant in cracking down.
As a result, Yuga Labs is being very careful to isolate itself publicly from the token’s launch, which will instead be released by an entity called ApeCoin DAO made up of council members that are connected to the NFT project, but none of which are employees or executives at Yuga Labs. An organization called the APE Foundation will also be formed to administer the decisions of the ApeCoin DAO. Furthermore, the DAO will carry official branding of the BAYC project, which Yuga Labs is “gifting” to it by way of a 1/1 NFT of a blue Bored Apes logo.
If this all sounds a little convoluted, welcome to crypto in 2022.
ApeCoin DAO’s council members include Reddit co-founder Alexis Ohanian, FTX’s Amy Wu, Sound Ventures’ Maaria Bajwa, Animoca’s Yat Siu and Horizen Labs’ Dean Steinbeck.
Token holders will be able to vote on decisions in the DAO, while the special council “will carry out the decisions of the community,” a spokesperson says. Though Yuga won’t officially be launching the Ethereum-based token, the startup and the BAYC project founders will be the owners of nearly a quarter of the total token supply while owners of Bored Apes and Mutant Apes NFTs will collectively receive 15% of the total token allocation.
A spokesperson for Yuga Labs notes that they expect the Ape token to begin trading “soon” on major exchanges including Coinbase, FTX, eToro, Kraken, OKX, Gemini, FTX, Binance and Binance US. The startup did not make any executives available for interview and declined to offer further details on the relationship between the ApeCoin DAO and Yuga Labs
轉貼自： Tech Crunch
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