Report post
What is Yuga labs apecoin?
Yuga Labs, like many other crypto projects, is trying to build an economy around itself. A billion ApeCoins are getting split between Bored Ape owners; a new ApeCoin DAO; Yuga Labs itself; its four founders; and other companies and people who contributed to the project. The Jane Goodall Legacy Foundation is a charitable beneficiary.Who is Yuga labs?
Yuga Labs is shaping the future of web3 through storytelling, experiences, and community. Founded by four friends, the company began as a text message — "Let's make a NFT". The company’s flagship collection, Bored Ape Yacht Club (BAYC), launched in April 2021, with each NFT doubling as a membership to the community.Is bored Apes a Yuga labs product?
While not explicitly a Yuga Labs product, the crypto is being fully adopted by Yuga as the official cryptocurrency of Bored Apes and all future products related to the collection. By bulking up its ecosystem with a native token, Yuga is helping grow the use cases for its NFTs.Does Yuga labs have a stake in the Dao?
Yuga Labs has been adamant that they are not running the DAO, though they were obviously instrumental in setting it up and are likely to benefit from it. Yuga Labs does indeed have a stake in the DAO and does stand to profit on their ApeCoin if it increases in value. The answers to the rest of the questions are murkier.