Bored Ape Yacht Club NFTs sold for millions in 2021—prices have dropped 90% since then
Yuga Labs, the creator of the viral Bored Ape Yacht Club non-fungible tokens, announced a new round of layoffs on Friday as the NFT frenzy appears to cool.
Greg Solano, YugaLab’s CEO, announced that the startup would lay off an unspecified number of employees as it undergoes “restructuring.”. “To put it simply: Yuga lost its way,” he wrote in a statement posted on X. “Getting ourselves centered and on the right path means being a smaller more agile and cryptonative team.”.
