Today we're making changes to ApeCoin.
Yuga Labs and ApeCo (fka Ape Foundation) coordinate, but operate in parallel. To keep the orgs and leaders in sync, a coordination tax is paid in additional handoffs and added decision-making checkpoints.
This made sense when the lack of regulatory clarity forced crypto to contort into strange formations just to ship.
That era is over, and we need to reset from first principles.
Simpler, with less coordination tax.
Cam helped build and lead ApeCo, and heβs fully aligned with me on this reboot. With the reset, the separate ApeCo lead role no longer makes sense in the same way. Cam is stepping down from that role.
The core ApeChain tech and BD teams will now work directly with Yuga, so the chain and its partners will be well served. Some other members of ApeCo will be departing - theyβre really great people and weβre thankful for their hard work. This transition will be complete by June 5th.
ApeCoin should not feel like a separate bet from all the other progress Yuga is making with its brands. Everywhere else we are building holders with real conviction and ApeCoin will be no different.
So Iβm currently planning a roadshow in June with key and prospective partners, exchanges, investors, institutions and community members in Hong Kong, Shanghai, Taipei and Seoul. Weβre going to show up in person and build the relationships that move BAYC, Otherside, and ApeCoin forward together.
This is a first step, but not the only step.
"I have a message for our fans:
Last time we played the Knicks this felt like MSG East
Don't sell your tickets
This is bigger than you
Knicks fans travel
There's gonna be people that need the money
Don't do it
We need you guys
If you need money I got you"
β Joel Embiid
starting today we'll be working with @CirrusNFT to offer liquidity on @GrailsOTC transactions
buy a grail, borrow against it, unlock capital: all through the yuga grails OTC desk
BAYC is now quietly approaching 7 ETH on the wake of:
- a new yuga CEO
- a 72 ETH gold ape sale
- a wave of collectors hunting for grail apes
vibes are immaculate again in the Swamp
return to monke π¦
Daniel Arsham has shown at MoMA, collaborated with Dior, and redesigned how an NBA team sees itself. This month, his work enters Otherside for the first time.
Your Yuga assets and Otherside level determine your odds to collect.
But first, more on the artist here. π