CryptoPunks and Avant Arte Jointly Launch “10,000 On-Chain” Series of RWA Physical Print Editions
Yuga Labs' NFT series CryptoPunks has partnered with Avant Arte to release a collection of physical prints called "10,000 On-Chain" based on all 10,000 Punk NFTs in the series. The collection will use high-definition pixel printing technology to ensure each Punk has a unique clarity and is sealed with a screen-printed varnish and a certificate of authenticity. It is reported that the physical print collection will be released on October 26th, with an unframed version priced at $639 and a framed version priced at $1,073.
Yuga Labs Completes Restructuring, Focuses on Developing Otherside Metaverse Extension and Supporting Existing Communities
Yuga Labs CEO Daniel Alegre has announced that the company's restructuring is now complete and the team will focus on developing its metaverse extension, Otherside, while also supporting existing communities. Alegre addressed concerns and feedback from Yuga Labs' various NFT communities after the company announced a restructuring and staff cuts earlier this month.
Yuga Labs launches game-specific social media sub-account "Yuga Labs Gaming"
Yuga Labs announced the launch of a game-specific social media sub-account "Yuga Labs Gaming". Spencer Tucker, the company's Chief Gaming Officer, stated that the launch of this exclusive sub-account aims to bring excellent social interactions to the community, promote the construction of excellent games, competition, ownership, interoperability and scale, and explore the subversion of traditional game paradigms.
Huang Licheng: APE Staking Can Be Ended, Provided That the Venture Capital, Yuga and Founders Match the Removed Amount
Huang Licheng wrote on X platform: "We can end the APE pledge, provided that the venture capital, Yuga, and the founder match the amount that has been removed. I don't think this is impossible. No one wants to see us go to zero." Previously, on October 12th, Huang Licheng said: "We need transparency to understand which APE wallets belong to Yuga, the founder, venture capital funds, and contributors to token issuance."
Yuga Labs: BAYC Has Paid Part of the APE and Will Therefore Receive an Additional 150,000 APE Rewards
According to Spencer Tucker, the Chief Gaming Officer of Yuga Labs, "Bored Ape Yacht Club" (BAYC) has paid Yuga Labs Gaming a portion of APE (specific amount not disclosed) and will launch a new account. After receiving the APE funds, Yuga Labs will provide an additional reward of 150,000 APE to the top 10 finishers on the Rift Boss leaderboard. In addition, Spencer Tucker stated that they will further optimize game development based on community feedback and opinions.
Yuga Labs to Host First-Ever Yacht Club Open House in Hong Kong
Yuga Labs, the parent company of popular NFT collections such as Bored Ape Yacht Club and CryptoPunks, has announced its first-ever Yacht Club Open House event in Kai Tak, Hong Kong on November 5, 2023. Unlike previous BAYC events, this occasion will be ticketed and open to non-members. The Open House will take place after Yuga Labs' members-only ApeFest 2023 and will provide insights into the future of Web3, including gaming, music, and storytelling. Tickets are available on a first-come, first-served basis through Tokenproof.
The Block Analyst: The Blur Royalty Mechanism Has Caused a Sharp Decline in Yuga Labs’ Royalty Income
According to The Block's analysis, Blur's introduction of a 0.5% royalty has greatly eroded the revenue of NFT studio Yuga Labs. Yuga Labs' royalty revenue for the third quarter of this year plummeted from $8.7 million in the first quarter to $2.5 million.
Avant Arte and Yuga Labs Collaborate to Create Limited-Edition Tangible Prints of CryptoPunks
Avant Arte and Yuga Labs have collaborated to create two limited-edition tangible prints of CryptoPunks, called '10,000 On Chain' and 'Punk On-Chain'. The prints will be available for just 48 hours from October 26 for €600 each. The 10,000 On Chain artwork showcases all 10,000 Punks in one 60cm x 60cm UV pigment print, while Punk On-Chain is an exclusive opportunity for CryptoPunks holders only. Yuga Labs has previously gifted CryptoPunks to contemporary art museums, and this collaboration with Avant Arte further celebrates the physical stance of CryptoPunks in contemporary culture.
Yuga Labs’ Metaverse Game Otherside Announced the Removal of the Character “Shattered”
Yuga Labs' subsidiary, Otherside, has announced that "Shattered" is being taken down. The restoration of "Shattered" will be announced separately. Currently, the camp can still be used for farming and passive hunting. Yuga Labs has not yet revealed the reason for the removal. It is reported that "Shattered" is a new character introduced by Otherside in the second season of the game. Players (Voyagers) can obtain special treasures after defeating this character.
Yuga Labs’ Latest Mara Series of NFTs Banned From Trading on OpenSea, Blur, LooksRare and SudoSwap V1
X (formerly on Twitter) user 0xCygaar stated that Yuga Labs has explicitly stated that their NFT series can only be traded on markets that enforce royalties (X2Y2 and SudoSwap V2), and their latest Mara series NFT is prohibited from being traded on OpenSea, Blur, LooksRare, and SudoSwap V1.
