Hi @mfigge 😁 How is this calculated? Since I minted that first mutant from my bored ape almost a year before it is logged in my profile. Do I have to add a wallet that held it before this? @BoredApeYC
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 he’s 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 - they’re really great people and we’re 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 I’m currently planning a roadshow in June with key and prospective partners, exchanges, investors, institutions and community members in Hong Kong, Shanghai, Taipei and Seoul. We’re 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.
Over the past few years, I’ve woken up to random @CoinDesk articles shitting on our industry, and specifically NFTs.
That alone wouldn't bother me. Criticism is healthy. The press should hold this space accountable.
But while Coindesk takes $ 300k+ to write glowing “research” around companies in crypto, they also write ragebait headlines that shit on the same industry.
Pretty annoying to see.
It’s bad journalism to ask for $ 300k+ for an article, and if we don’t pay, you write negatively about us.
There are so many other news outlets actually trying to make it by covering bright stories in our industry.
There are so many other twitter spaces and communities that show up daily to move the space forward.
But what Coindesk is doing can’t be a sustainable model.
So a few weeks ago I opened up a short position on Coindesk’s parent company, Bullish.
This isn’t about money, it’s about principle.
The principle: you can’t hurt our community for your corporate gain.
Why can a business shit on an industry it participates in and still aim to profit within it?
Well, it can’t.
That was my bet anyway.
I’ve now closed the short up $5,387.46.
To be clear: the position is closed. Nothing I write here profits me from a trading standpoint. The trade is over. What's left is the principle.
I will use the money to take Bored Apes out to dinners, or Laker Games, or whatever the fuck I want - and every time I do, I will post an entire article about how I got the money (shorting Coindesk) and why I think Coindesk’s current approach is bad for our industry.
Congrats Coindesk, you’re now at war with a fucking psycho.
I will relentlessly bearpost this behavior until a representative reaches out to me and assures me that they’re going to knock this shit off.