Yuga Labs unveils a council dedicated to the evolution of the project in the Web3 universe and responsible for providing ideas based on feedback from the Bored Ape Yacht Club (BAYC) community. 7 members have so far been appointed by Yuga Labs, these choices having been based on their long-term proactivity.
BAYC gets a community council
the Bored Ape Yacht Club (BAYC) will now be accompanied by a community council made up of 7 “long-time proactive” members who will participate in the development of the project alongside Yuga Labs.
Apes, we wouldn’t be where we are today without our incredible community. We’re excited to announce the first BAYC community council made up of 7 long standing proactive community members to work alongside us moving forward. 🧵below
— Bored Ape Yacht Club (@BoredApeYC) October 5, 2022
With a floor price of 83.5 Ethers (ETH) and a market cap of over 920,000 ETH, the Bored Ape Yacht Club is the hottest collection of non-fungible tokens (NFTs) since its inception last year. Discover all the information about the BAYC on our page dedicated to the collection.
According to the statement from Yuga Labs, this decision was motivated by the evolution of the project and its “emergence in pop culture”. whose success is mainly due to the community. With this in mind, the members of this new council have all already participated closely in this community enthusiasm in the past:
“This board has been formed with the intention of representing the club as a whole and providing a fresh perspective. The council, and future councils to come, establishes a more formal, efficient and consistent process for Yuga leaders to obtain community feedback and guidance on an ongoing basis. »
👉 How to assess the potential of a collection of NFTs?
Buy NFTs on Binance
Discover Binance’s NFT Marketplace 🔥
What will the advice be used for?
Yuga Labs’ press release states that this board will be completely independent and autonomousand will bring its skills together with the feedback from the communities of the Bored Ape Yacht Club and the Mutant Ape Yacht Club in order to concretize the ideas deemed interesting.
The work will mainly focus on the evolution of BAYC through the Web3 ecosystemand the members of the council will have to participate in the evolution of community initiatives such as meetings, charitable donations deemed relevant, commercial projects or any other idea that can help to enlarge the aura of the collections.
Of course, following the announcement of this decision, some were surprised not to have been chosen. Some community members were particularly surprised by the absence of @notthreadguy, a particularly active BAYC holder.
Moreover, the reactions have been mixed: some people are delighted with this autonomous mode of operation and that it was “the characteristic of Web3”, while others complain that the Yuga Labs teams chose the members themselves. advice rather than going through a community vote.
Finally to finish, Yuga Labs specifies that its teams also follow the evolution of its parallel NFT projectsnamely CryptoPunks, Meebits or Otherside, which could portend similar decisions for these collections.
👉 In NFT News – Prime Minister of Japan Confirms Plans for Investment in Metaverse and NFTs
Buy NFT in SOL or $
Check out FTX’s NFT Marketplace 🔥
Source: Yuga Labs
Newsletter 🍞
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
401 items
