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

NFT
NFT news
Yuga Labs...

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.

McDonald’s Collaboration Sparks Doodles NFT Floor Price Surge

NFTs weekly sales surge 94% as crypto market continues bullish run

Renditions of Vishnu, Kali most expensive artworks sold on WazirX NFT

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

(0)

(0)

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

Interesting NFTs

Cypher::Prophet

Cypher::Prophet is an artwork dedicated to the punk origins of blockchain designed and realized by hackatao and hex6c. In the transposition into images we started from the iconographic canons of the hacker (hoodie, laptop, cryptographic elements) and associated them with the figure of the prophet, thus highlighting the predictive nature of the works of Eric Hughes (Cypherpunk Manifesto, 1988) and Timothy C. May (Crypto Anarchist Manifesto, 1993) as well as of the blockchain inventors Stuart Haber and Scott Stornetta (How to Time-Stamp a Digital Document, The Journal of Cryptography, 1991). Read the full story on https://medium.com/@hex6c/cypher-prophet-the-punk-origins-of-blockchain-1e8fce311e72

i n t e r n e t

A love story to a childhood built on meme culture. The wonder of infinitely trawling through Geocities webrings, the dash home from school to watch Toonami, the joy of discovering a Newgrounds flash game, the excitement of AIM and ICQ notifications, the constant refresh of the boards of 4chan. The motion of a time capsule brought to life, that energy tasted once again with the rise of Web3. Created by mixture of AI-Collaboration with Dalle2, emoji application with Glitche'-pro, and hand altered elements for stylistic cohesion.

Art Is The Currency of the Infinite

This still-life, titled after one of Pablo Picasso's infamous quotes, was made solely using 3D softwares and apps, in an attempt to bring this often forgotten artistic genre into the 21st century through the use of new artistic mediums and technologies. This piece is also an invitation to meditate on the role of "value" throught the ages and how it's been radically altered by the coming into existence of technologies and concepts like cryptocurrencies and digital scarcity.

The eye of providence blinks. Originally posted to tumblr June 26, 2012.

Christmas Sleigh

First Christmas-themed Visual Toy. For this work the artist has created a fantastic sleigh, ornamented in detail and with all the Christmas spirit that transports us to childhood, illusion, innocence. With its gift wrapping machinery, its Santa, a snow globe, the nutcracker, the European-style village and its soundtrack (first time with music) it is a whole Christmas mosaic for the imagination.