01/05/2024 Yuga Labs restructures, NFT prices grow: what’s next for the market?

Yuga Labs restructures, NFT prices grow: what’s next for the market?

Amid Yuga Labs’ restructuring, how are investors and collectors reacting to the changing situation of the NFT market?

Yuga Labs, the company behind the immensely popular Bored Ape Yacht Club (BAYC)NFTcollection, isundergoinga restructuring effort.

This move comes amid a challenging period for the company, marked by a sharp decline in the value of its flagship NFTs and the need to realign its strategic focus.

CEO Greg Solano recently shared a candid message on X, acknowledging the company’s struggles and outlining a path forward.

gm, really tough day today. I am hellbent on transforming yuga and getting us back to our roots, and that means making hard decisions. by far the hardest is saying goodbye to some talented team members. here was my message to the team this morning.pic.twitter.com/gBkoNf2iK3

— Garga.eth (Greg Solano)
Arts

https://crypto.news/yuga-labs-restructures-nft-prices-grow-whats-next-for-the-market/

Interesting NFTs
#94552
By OthersideDeployer
T(r)opical
Inspired by and for the 2018 North American Bitcoin conference in Miami, Florida. The palm tree that has a cracked open Bitcoin coconut suggests that by traveling you can enjoy this tropical digital fruit. The peacock nesting in the tree has spread its wings to flaunt other integrated crypto logos as well. The famous Miami skyline at the bottom incorporates the coins, as well as the code that is transforming the banking buildings that made it. The origin of that skyline is in the 80's cocaine craze, so it is all incorporated into the story of foundational transformation, linked to a global movement. The file size is suitable for an 8K TV. Mr. Moe Levin, the founder of the conference is a collector a physical print of the work. Explainer video: https://www.youtube.com/watch?v=2J0ZfPCJdxY&feature=emb_title Upload resolution 8000x4000 PX at 300DPI
ZepplinShip Surreal Edition #1/10
Zeplin Ship #1 1770x1770 Year :2021 OMGart Artist : @thisisomgart
Nyan Cat
Nyan Cat is the name of an animation uploaded on April 2 2011, and became a viral internet sensation. The design of Nyan Cat was inspired by my cat Marty, who crossed the Rainbow Bridge but lives on in spirit. I am the original artist behind the iconic GIF and have remastered the image for its 10 year anniversary. Owning this piece grants the following stats: Charisma +10 Luck +10 Happiness +15 ________________ 1400x1400 - 12 Frames
Michael Jordan - Crown Collection
“All you needed was one little match to start that whole fire.”- Michael Jordan. In regards to both the action on the court and everything that happened off of it, Jordan provided a spark that changed the future in so many different ways throughout his tenure in Chicago, and even decades after the fact. And, in the end, he got everything that he wanted when he began his NBA journey: he turned the team and organization as a whole into a respected program, like the dynasties he looked up to as a child. Having steered the Chicago Bulls to an incredible six championship rings in eight years from 1991-1998, scooping up five MVP awards in the process, Jordan is one of just a handful of superstars who have truly transcended their sports. Jordan and Scottie Pippen’s (right) relationship both on and off the pitch was arguably the foundation of the Bulls’ incredible success. Scottie Pippen was present with Jordan for all six championships in eight seasons. Dennis Rodman (left) His relentless and smart play perfectly suited what Jordan and Jackson wanted to do to take the Bulls to greater heights. Although his exploits off the court earned him special fame, Rodman was unquestionably one of the greatest basketball players of his generation and one of the finest defensive players in the history of the game.
For projects
News and stats platform for NFT (non-fungible token) 2024 All rights reserved.