Yuga Labs Launches Bored Ape and Mutant Ape Yacht Club Community Council – Blockchain Bitcoin News

Non-fungible token (NFT) and blockchain company Yuga Labs have announced a community panel that will be representative of the Bored Ape Yacht Club (BAYC) and Yacht Club NFT collections. Mutant Ape boat (MAYC). Yuga Labs has selected seven community members with “proven track record” to represent the NFT club as a whole.

Yuga Labs names seven community board members

On Wednesday, Yuga Labs announced that the team has created a community panel of seven apes to represent the entire BAYC and MAYC ecosystems. According to the announcement, the community council will be able to nominate three community projects per month, and the BAYC and MAYC communities will then vote on which projects will receive funding from Yuga Labs.

Projects can get 10 ether or about $15,000 worth from the second top crypto asset by market capitalization. The seven new members of the community council include Josh Ong, Sera, Laura Rod, 0xEthan, 0xWave, Negi, and Peter Fang. “The council will work with Yuga and the BAYC/MAYC community to advance community-driven initiatives such as commercial projects, meetups, charitable donations, and other community-led ideas. leadership,” Yuga Labs’ notification details.

Yuga Labs said the board members were chosen because of their previous track record of community-led initiatives and construction. News after official Yuga Labs liberate, release, free intellectual property (IP) rights to Cryptopunks and Meebits owners. The company has issued BAYC/MAYC IP rights to the owners of those particular NFT collections. Furthermore, the recent Yuga Labs published Other people’s metaverse whitepaper and a release new intro video about upcoming projects.

Regarding the autonomy of the two projects, Yuga Labs said that the newly formed community council will keep the independence strong. “The BAYC/MAYC community is an autonomous group and this council represents that – they will bring different skill sets with ideas to the table and we will work with them to turn good ideas into action.” come true,” concludes the blog post published by Yuga Labs.

Cards in this story

BAYC, Blockchain, Bored Ape . Yacht Club, community council, cryptocurrency, Intellectual Property, ip, MAYC, Meebits, Mutant Ape . Yacht Club, nft, NFT Collection, NFT, The token is not replaceable, Others metaverse, Yuga Labs, Yuga Labs BAYC, Sponsored by Yuga Labs, Project Yuga Labs

What do you think about Yuga Labs forming a community council for BAYC / MAYC? Let us know your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at News and a fintech journalist living in Florida. Redman has been an active member of the crypto community since 2011. He has a passion for Bitcoin, open source, and decentralized applications. Since September 2015, Redman has written over 6,000 articles for News about the disruptive protocols emerging today.

Image credits: Shutterstock, Pixabay, Wiki Commons, BAYC, Yuga Labs,

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