Yuga Labs

The Securities and Exchange Commission dismissed a lawsuit against cryptocurrency exchange Kraken and closed an investigation against non-fungible token company Yuga Labs, the two firms announced on Monday. What happened: Dave Ripley, co-CEO of San Francisco-headquartered Kraken, said the SEC...

Even as Andreessen Horowitz (a16z) general partner and venture capitalist Chris Dixon recently claimed none of the companies in the a16z portfolio are allowed to sell tokens to the public, a review of a16z's investments revealed several instances that appear to disagree with...

Yuga Labs, the organization behind Bored Ape Yacht Club, has identified the cause of reported eye problems at its signature event, ApeFest. The company is working on supporting the affected attendees. What Happened: The Block reported that Yuga Labs started getting reports from ApeFest...

Blockchain technology firm Yuga Labs develops non-fungible tokens (NFTs) and digital collectibles, with its flagship collection being Bored Ape Yacht Club which was launched in April 2021. A judgment passed Thursday protected the company from infringement, a widely prevalent issue that NFT...

Yuga Labs CEO Daniel Alegre announced on Friday a major restructuring that included layoffs across various teams. This came during an intensifying focus on expanding into the metaverse, signaling a strategic shift in the company's priorities. As the digital assets...

One of the largest non-fungible token (NFT) marketplaces, OpenSea, has found itself in hot water with artists and creators, who could be ready to take their business elsewhere. Here’s a look at the reactions from an OpenSea investor and one of the largest NFT companies in the...

A key investor in the Web3 and cryptocurrency space highlighted one of his favorite projects while attending the Met Gala Monday night alongside his wife Serena Williams. What Happened: Reddit co-founder and investor Alexis Ohanian has invested in several NFT-related companies over the years...

Crypto companies and investors are among those impacted by the latest collapse of Silicon Valley Bank (NASDAQ: SIVB), which has sent tech start-ups that once relied on the bank into turmoil. Following news of the bank's demise on Friday, Crypto firm Circle, which has $3.3 billion...

The legend of Yuga Labs continues to grow in the non-fungible token space. The game “Dookey Dash” was played more than 7.5 million times by people who owned Sewer Pass NFTs, all competing for the legendary Dookey Dash Key. Only one person won and they have now sold the winning prize....

Bored Ape Yacht Club (BAYC) creator Yuga Labs said on Monday that it is creating an NFT collection that will be minted on the Bitcoin (CRYPTO: BTC) based Ordinals protocol. What Happened: Yuga Labs in a tweet said that the collection is called ‘TwelveFold’. A limited edition...

Investor and entrepreneur Alexis Ohanian is one of the many supporters of the growth of Web3 and non-fungible tokens. In an interview, Ohanian shared details about several of his favorite projects and the difference that Web3 could be solving. What Happened: Ohanian has backed NFT projects...

The world of non-fungible tokens (NFTs) saw a glimmer of hope in December 2022, as the monthly trading volume of NFTs broke an eight-month streak of declines. What Happened: According to data from The Block, NFT trading volume rose by 13% in December, reaching $549.5 million. This was a...

2022 has come to a close and with it another exciting chapter for the growth of Web3 and non-fungible tokens. While 2022 may not have been on the same level as sales volume in 2021, the year saw many of the top collections from the previous year post strong secondary sales. Several new...

Web3 company Yuga Labs is naming a new CEO Monday who will start work in 2023 and help the company expand its efforts in gaming and the metaverse.  What Happened: Yuga Labs, the company behind Bored Ape Yacht Club, Mutant Ape Yacht Club and Otherdeed for Otherside NFTs, announced...

Greg Solano (Gargamel or Garga), co-founder of Yuga Labs, made a rare public appearance to close the day of Web3 content at Benzinga’s Future of Crypto summit. In a fireside chat-style interview with moderator Chris Katje, Garga shared details of the thinking behind Bored Ape Yacht Club (BAYC...