Bored Ape Yacht Club creator Yuga Labs is restructuring with an aim to get back to its smaller, scrappier early days.

Denis Bolkovskis

Anthropic

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Yuga Labs, the creator of Bored Ape NFTs, announced a restructuring initiative that includes layoffs. The company has faced challenges in the Bored Ape ecosystem and the price of its ApeCoin has plummeted. Yuga Labs plans to refocus and streamline its operations.

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Man it’s been really long time since I’ve heard anything NFT’s. I honestly thought the ecosystem was dead. Is it still going?

Felt like this whole NFT verse is just dying, went in projects with so much hype and with a good community to only plummet after a few days. Got me scared going in this again after what I saw, rather wait a really long time and see the NFT verse spike up again before doing anything lol. Just gonna be a guaranteed loss at this point

not surprising. no innovation and nobody driving hype in this economy. crypto is down bad, why people throw money into bot hype?