Sun, April 28, 2024 at 09:28

• 

  Joy

  • Hey Annie, have you heard about the recent shakeup at Yuga Labs?

  • You know, the company behind the Bored Ape Yacht Club (BAYC) NFT?😮

  • 
• Annie

  • No, I haven't.

  • What happened?😯

  
• 

  Joy

  • Well, it seems they're going through some major changes.

  • Greg Solano, the co-founder of Yuga Labs, announced that they're laying off some employees and restructuring the company.😢

  • 
• Annie

  • Oh no!

  • That's terrible.😔 Why are they doing that?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Joy

  • According to Solano, Yuga Labs had lost its way and needed to get back on track.

  • He believes a smaller, more agile team that's more focused on crypto can help them do that.🏃‍♀️

  • 
• Annie

  • I see...

  • But what about their projects?

  • What will happen to them?🤔

  
• 

  Joy

  • Good question!

  • They've sold the intellectual property rights of their NFT-powered games HV-MTL and Legends of the Mara to gaming firm Faraway.

  • This is part of their plan to regain their footing.🎮

• Annie

  • Hmm...so they're focusing more on their metaverse project, Otherside then?🌐

  
• 

  Joy

  • Exactly!

  • By selling off those games, they can put more effort into developing Otherside.

  • Solano says there are more aspects of their plan that will be announced soon.🗺️

• Annie

  • That's a bold move.

  • But is this good news or bad news for the market?📈📉

  
• 

  Joy

  • Well, it's a bit of both.

  • On one hand, layoffs are never good news.

  • But on the other hand, this could be a positive step for Yuga Labs in the long run.

  • 

  • They're refocusing their efforts and aiming to become a stronger player in the crypto space.

  • So, let's keep our fingers crossed!🤞

  • To sum up, this article is considered a 😍Bullish for investors!!