Handwritten by Yuga Labs: The Origin of the $4 Billion Story Let’s Be an NFT

We start with a detailed business plan.

Yuga Labs was founded by four friends: Gargamel, Gordon, Tomato and Sass.

Everything stems from this sentence:

Handwritten by Yuga Labs: The Origin of the  Billion Story Let's Be an NFT

(“The profile picture Gordon gave me on his phone was a bit rude in my opinion??” -Garga)

Don’t worry, let’s start from scratch

Gordon and Garga first became interested in cryptocurrencies in 2017, and they tweeted some bullshit.

You can read everything on Crypto Twitter and only scratch the surface of what’s going on. Also, the crazy characters you meet while browsing Crypto Twitter looking for alpha (finding the next junk coin) are really appealing. So many millionaires (and a lot of fake ones) have anime profile pictures and send each other drab memes.

They contributed to cryptocurrency in the only way they knew: read a lot, spent some money, made some money, and lost everything.

In early 2021, The Hashmasks is released. We’ve heard about other NFT projects before, such as Crypto Kitties and Cryptopunks. But for the first time Hashmasks felt that the technical aspects of the NFT project were not the point. This is an art project mediated by blockchain and NFT technology. Technically, without doing anything crazy, it moved the entire space forward.

They sent another text message.

They recruited two friends, Sass and Tomato, both software engineers, to help build something before they really knew what they were building.

Handwritten by Yuga Labs: The Origin of the  Billion Story Let's Be an NFT

(Text from Garga to Tomato. “At the time I thought JavaScript was important for making NFTs, but it wasn’t super awesome.” -Garga)

It feels like a new cultural wave is entering cryptocurrencies (more specifically, Ethereum).

As the four of us learned more about NFTs, we became more excited about the possibilities this technology enabled. Not only is it an opportunity to create art and tell a story in a new medium, but if you can irrefutably prove that a piece of digital artwork is authentic, then you can use that artwork as a way to access locked content, experiences, clothing key. anything. Your NFT can double as a membership card for an exclusive club.

Ape, nature is Ape.

Cryptocurrency traders have long known affectionately as “Ape.” This is one of the reasons why some of the most valuable NFTs in the Cryptopunks family are apes. We envision a future where crypto changes the world and everyone in the crypto space “makes it” (Supercycle, etc.). Everyone who “mocks” or strives to get into cryptocurrencies has grown beyond their wildest imaginations. But then what? What does a boring “ape” do?

Our answer: hanging out in secret clubs in swamps, apes only. And doodle on a collaborative pixel board on the club bathroom wall.

come true

After working with a team of freelance commercial illustrators to bring this idea to life, Bored Ape Yacht Club is ready. BAYC launched a week-long pre-sale on April 23, 2021, at the cost of minting Bored Ape NFTs of 0.08 ETH, or about $220 in USD at the time. After a very slow week (only about 500 apes were minted during the pre-sale), all the remaining boring apes were minted in one crazy night. The collection sold out on May 1, 2021. At one point, BAYC was the most used smart contract on the Ethereum network, leaving UniSwap far behind.

Handwritten by Yuga Labs: The Origin of the  Billion Story Let's Be an NFT

OG team

Depicting these ragged, punk, world-weary bored apes is the result of a team of talented freelance illustrators working together.

@allseeingseneca worked on the basic character design for four days under our creative direction, after which @migwashere, @thomasdagley and two other artists, who asked not to be named, worked for over a month on a variety of expressions, costumes and accessories, and The design of the club itself.

Mutant monkeys are illustrated by @thomasdagley and @lovans, with serum art by @1800seandotcom.

When did it happen?

April 23, 2021

Bored Ape Yacht Club is launching a week-long pre-sale. The cost to mint a Bored Ape NFT was 0.08 ETH, which was about $220 at the time. A total of about 500 apes were minted during the pre-sale.

May 1, 2021

After a grueling week, the rest of the bored apes (9,500 or so) were all cast in one crazy night. The collection sold out in the early hours of May 1, 2021. That night, BAYC was the most used smart contract on the Ethereum network, leaving UniSwap far behind.

Our Discord went from being a completely dead place to being the hottest place in crypto.

May 9, 2021

BAYC LoFi Radio started as a recorded video, which became live on May 21st. To be honest, we are focused on other things in the roadmap, so the YT channel equipment has failed many times, which is why there are very few views or comments haha.

Handwritten by Yuga Labs: The Origin of the  Billion Story Let's Be an NFT

May 29, 2021

Our first batch sold out within 6 minutes. We packed all the boxes ourselves…and vowed to find a managing partner in the future.

Handwritten by Yuga Labs: The Origin of the  Billion Story Let's Be an NFT

June 18, 2021

The Bored Ape Kennel Club (BAKC) joins the BAYC family. Each Boring Ape owner can get a companion dog NFT from the Boring Ape Kennel Club smart contract. Adopted drives are available for a week and then shut down forever. All proceeds from royalties for the first 6 weeks are donated to several animal charities, after which secondary sales commissions are set to zero.

August 8, 2021

We celebrated the grand opening of the BAYC Riverboat Casino in Decentraland with virtual currency poker (powered by Decentral Games).

August 21, 2021

We collaborated with The Hundreds on a collection of t-shirts, hoodies and rugs.

August 28, 2021

Mutant Ape Yacht Club (MAYC) established. Each Boring Ape owner receives a serum that can be used to mutate their Boring Ape into a mutant ape with corresponding traits. Another 10,000 Mutant Ape NFTs are available from the public mint.

September 9, 2021

Sotheby’s “Ape in!” auction of 101 Boring Apes and 101 BAKC Dogs begins. The Bored Ape lot was hammered at $24,393,000 and the BAKC lot was $1,835,000.

September 13, 2021

We’ve launched an interactive treasure hunt for BAYC members who explore inside and outside the clubhouse and solve puzzles left by a trick-or-treating monkey named Jimmy. We rewarded the winner with 10 ETH, a bored ape, a BAKC dog and a pair of special kicks made by RTFKT.

September 17, 2021

Apes, Mutants and the wider NFT community dressed up to celebrate at Christie’s “No Time Like the Present” sale in Hong Kong, featuring four bored apes in suits. Bored Ape #1401 sold for HK$5,000,000 (US$640,000).

31 October to 6 November 2021

We hosted our first APE FEST, a week-long event for free members. Members have access to exclusive Halloween yacht parties, art galleries and limited-edition merchandise pop-ups, among other perks. They kept the party going on Wednesday night with a celebratory concert at the Brooklyn Steel Company with a concert featuring top musical acts and cameos from some well-known comedians. On Saturday, the owners of Ape and Mutant enjoyed a final cheer at a charity dinner at Carbone, one of New York City’s most famous restaurants. The auction raised nearly $200,000.

Handwritten by Yuga Labs: The Origin of the  Billion Story Let's Be an NFT

Handwritten by Yuga Labs: The Origin of the  Billion Story Let's Be an NFT

All campaign images are provided by BAYC members and are not part of the Yuga media kit.

December 17, 2021

Together with gmoney and PUNKS Comic, we bring adidas into the NFT world.

January 21, 2022

We started the battle. Bored Ape and Mutant Ape holders compete in the week-long BAYC x MAYC mobile game competition. The top 1,000 scorers from each NFT series are eligible for physical prizes, including plush toys, artist-made bongs, sewer grille sculptures, pinball machines, and a converted 2002 Honda Accord.

today

Yuga Labs has grown from four founders to over 40 people. Our new CEO Nicole Muniz aka @VStrangeYUGA and CCO @pezYUGA (who have been with us almost from the beginning) join our new COO @SodaOps and co-lead the team to expand the larger Yuga world.

Everything is just beginning.

See you at “Otherside”.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/handwritten-by-yuga-labs-the-origin-of-the-4-billion-story-lets-be-an-nft/
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