Ordinal Bored Ape Yacht Club

<ul><li>Yuga Labs finalizes internal restructuring to focus on community engagement, Otherside development, and strategic partnerships.</li><li>CEO Daniel Alegre also disclosed that Yuga Labs was thinly staffed when he joined.</li><li>Market data shows a 64.5% decline in the floor price of the BAYC collection this year as Yuga Labs aims for long-term growth.</li></ul>Yuga Labs, the web3 frontrunner behind iconic NFT collections Bored Ape Yacht Club (BAYC) and CryptoPunks, has concluded its internal restructuring, as confirmed by CEO Daniel Alegre. In a recent update, Alegre outlined the company&#39;s threefold focus: nurturing existing communities, advancing its metaverse extension Otherside, and capitalizing on strategic alliances.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/dcc0782a36a34b8792a2adcf6c442d7e.png" />Six months into his role, Alegre acknowledged the previously &#34;strained&#34; relationship between Yuga Labs and the CryptoPunks community. The sentiment was that Yuga Labs was indifferent, even as the community expressed a desire for autonomy. To address this, the company significantly increased its community engagement efforts and collaborated with top-tier museums to elevate the CryptoPunks brand.Alegre also disclosed that <a href="https://cryptotale.org/yuga-labs-prepares-to-release-twelvefold-nft-collection-to-auction-winners/" rel="noopener noreferrer nofollow">Yuga Labs</a> was thinly staffed when he joined, leading to the restructuring to better focus on key initiatives. He mentioned challenges faced in the development of Otherside, specifically capacity issues and the need for rapid improvements to meet community expectations.Read full article at <a href="https://cryptotale.org/yuga-labs-announces-completion-of-restructuring-sets-new-strategic-goals/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Yuga Labs Announces Completion of Restructuring, Sets New Strategic Goals

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