Yuga Labs

Yuga Labs

Web3

See You on the Otherside: How Yuga Labs Is Bringing Its Billion-Dollar Business Into the Metaverse

Greg Solano and Wylie Aronow certainly didn't set out to create a $4 billion empire when they launched their Bored Ape Yacht Club NFT collection less than two years ago. Now, with the support of their community and a brand new CEO, they're setting their sights on the metaverse.

Yuga Labs co-founders Greg Solano (left) and Wylie Aronow (right)

Videos

Yuga Labs Names Former Activision Blizzard President as New CEO

Yuga Labs, the Web3 startup behind the Bored Ape Yacht Club, said that former Activision Blizzard President and COO Daniel Alegre is joining the company as CEO. "The Hash" panel discusses what Alegre's gaming expertise will bring to Yuga Labs' Web3 world.

Recent Videos

Web3

Web3 Startup Yuga Labs Names Former Activision Blizzard President as New CEO

The Bored Ape parent company said Alegre's previous gaming experience will help advance the brand's Otherside metaverse and propel its ambitions for an "immersive Web3 world."

The Otherside. (Yuga Labs)

Videos

Bieber, Madonna Named in Lawsuit Alleging Yuga Labs NFT 'Scheme'

A number of celebrities, including Justin Bieber, Paris Hilton, Jimmy Fallon and Madonna, were named as plaintiffs in a class-action lawsuit, alleging that Yuga Labs' non-fungible token (NFT) collections were "misleadingly promoted" and resulted in financial damage to the defendants. "The Hash" panel discusses the implications of celebrity endorsements in the crypto space.

CoinDesk placeholder image

Web3

Bieber, Madonna Among Dozens of Celebs Named in Lawsuit Alleging Yuga Labs NFT 'Scheme'

The suit claims celebrity endorsements of Bored Ape Yacht Club NFTs and ApeCoin tokens resulted in financial loss for investors. Yuga Labs called the allegations "opportunistic and parasitic."

Bored Ape Yacht Club NFT image (Yuga Labs, modified by CoinDesk))

Web3

Over $30M Pours Into ApeCoin Staking in First Day

The native token of the Yuga Labs ecosystem is unavailable to stake in the U.S. because of regulatory concerns by its parent foundation.

ApeCoin’s APE tokens slid early Friday ahead of a token unlock over the weekend. (Bored Ape Yacht Club, modified by CoinDesk)

Consensus Magazine

Empire of the Bored Apes

Yuga Labs has grown beyond the wild success of its Bored Ape Yacht Club collection to become an NFT powerhouse with a $4 billion valuation and big plans in the metaverse. That’s why co-founders Wylie Aronow and Greg Solano and CEO Nicole Muniz share a spot on CoinDesk’s Most Influential 2022.

"VStrange" (Oveck/CoinDesk)

Web3

Yuga Labs Acquires Beeple's WENEW and its Flagship NFT Collection, 10KTF

The company behind Bored Ape Yacht Club has hinted at an integration between 10KTF and its gamified metaverse platform Otherside.

10KTF (Businesswire.com)

Finance

Yuga Labs, Circle, SkyBridge Among Investments FTX Ventures Made Prior to Liquidity Issues

FTX Ventures invested in some of the biggest names in crypto. Meanwhile, TradFi giants such as Tiger Global participated in FTX's funding rounds.

Former CEO of FTX Sam Bankman-Fried (Alex Wong/Getty Images)

Web3

Over $1.8B in Royalties Have Been Paid Out to Ethereum-Based NFT Creators: Galaxy Digital

Bored Ape Yacht Club creator Yuga Labs has earned the most in royalties to date, with over $147 million in payouts.

(Passakorn Prothien/Getty Images)