Yuga Labs unveils a council dedicated to the evolution of the project in the Web3 universe and responsible for providing ideas based on feedback from the Bored Ape Yacht Club (BAYC) community. 7 members have so far been appointed by Yuga Labs, these choices having been based on their long-term proactivity.
BAYC gets a community council
the Bored Ape Yacht Club (BAYC) will now be accompanied by a community council made up of 7 “long-time proactive” members who will participate in the development of the project alongside Yuga Labs.
Apes, we wouldn’t be where we are today without our incredible community. We’re excited to announce the first BAYC community council made up of 7 long standing proactive community members to work alongside us moving forward. 🧵below
— Bored Ape Yacht Club (@BoredApeYC) October 5, 2022
With a floor price of 83.5 Ethers (ETH) and a market cap of over 920,000 ETH, the Bored Ape Yacht Club is the hottest collection of non-fungible tokens (NFTs) since its inception last year. Discover all the information about the BAYC on our page dedicated to the collection.
According to the statement from Yuga Labs, this decision was motivated by the evolution of the project and its “emergence in pop culture”. whose success is mainly due to the community. With this in mind, the members of this new council have all already participated closely in this community enthusiasm in the past:
“This board has been formed with the intention of representing the club as a whole and providing a fresh perspective. The council, and future councils to come, establishes a more formal, efficient and consistent process for Yuga leaders to obtain community feedback and guidance on an ongoing basis. »
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What will the advice be used for?
Yuga Labs’ press release states that this board will be completely independent and autonomousand will bring its skills together with the feedback from the communities of the Bored Ape Yacht Club and the Mutant Ape Yacht Club in order to concretize the ideas deemed interesting.
The work will mainly focus on the evolution of BAYC through the Web3 ecosystemand the members of the council will have to participate in particular in the development of community initiatives such as meetings, charitable donations deemed relevant, commercial projects or any other idea that may help to enlarge the aura of the collections.
Of course, following the announcement of this decision, some were surprised not to have been chosen. Some community members were particularly surprised by the absence of @notthreadguy, a particularly active BAYC holder.
In addition, the reactions were mixed: some people are delighted with this autonomous mode of operation and that it was “the characteristic of Web3”, while others complain that the Yuga Labs teams have chosen themselves the members advice rather than going through a community vote.
Finally to finish, Yuga Labs specifies that its teams also follow the evolution of its parallel NFT projectsnamely CryptoPunks, Meebits or Otherside, which could portend similar decisions for these collections.
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Source : Yuga Labs
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BAYC: Yuga Labs unveils its new community council responsible for the evolution of the project
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