Yuga Labs Co-Founder Unveils Key Projects Ahead For Bored Ape Franchise

Godfrey Benjamin
May 26, 2024
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Yuga Labs CEO Taps Coinbase Strategy For ApeChain Products Launch

Highlights

  • Yuga Labs CEO Greg Solana just hinted at key growth projects in view
  • The platform aims to develop important games alongside ApeFest
  • This growth comes amid recent restructuring plans

Yuga Labs co-founder Greg Solana has broken the silence on what he is working on for the broader Bored Apes franchise. Taking to his official X account, Solano said his update is based on his 10-day check-in to hold himself accountable.

Advertisement
Advertisement

What is Going on With Yuga Labs?

Since it made way with its launch and assumed the position of the biggest digital collectible franchise in the industry, Yuga Labs has been making an attempt to float working products. While Solano said the firm is not at the appropriate depth and command of the product yet, he named the key updates he is excited about.

The first project he mentioned is the ODK, touted as the best way to build and monetize a 3D game or social experience in crypto. The updates indicates a majorly game-centered innovation going on at Yuga Labs.

The Web3 firm is also working on Project Dragon, a shooting game Solano said is set in one of the world’s most absurd team fighting plot. The Yuga Labs boss confirmed that the game is being designed with the same toolset it is using to build ODK.

Besides the other “brand expressions” the firm is working on, Solano also unveiled the ApeFest. This is an event where thousands of Bored Apes owner from 56 countries will be gathering at a 15th Century Monastery. To make this event special, Solano revealed that merchs will be created and distributed to as expected.

To further bring additional value into the Yuga Labs ecosystem, Solano revealed that the team is exploring BAYC integration with other physical goods.

Advertisement
Advertisement

Expanding Digital Collectible Influence

Yuga Labs has been in the news lately with the recent layoff of some of its staff in a major restructuring move. In addition, the project announced an enhanced Non-Fungible Token (NFT) holders’ rights to empower its users the more.

While it is looking at restructuring its business, it has hinted at gaming as one of the most important gateways to dominate the scene. It is developing Dookey Dash, a simple to play game that will come with a tournament that might reward players with $1 million.

In all, Yuga Labs is looking to expand its partnerships so it can onboard more games that can drive user’s interest.

Read More: dogwifhat Price Analysis: WIF Eyes Breakout Rally to $3 Amid Major Whale Trades

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.