Yuga Labs founder Greg Solano announced today on the X platform that he will return to Yuga Labs as CEO. As for the future of the Bored Ape Yacht Club (BAYC) NFT project, BAYC’s value lies in its community. The company hopes to empower the BAYC team within Yuga as much as possible, allowing them to execute their vision and unleash more flexibility and creativity.
Therefore, Yuga Labs has established a new subsidiary called “BAYC LLC” specifically for the Bored Ape Yacht Club, which will handle all matters related to it.
Following the release of this news, the floor price of Bored Ape NFTs surged over 10% to 24 ETH, surpassing the floor price of Pudgy Penguins once again.
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