Web3 Disney Yuga Labs core investment logic

Yuga Labs has moved from a separate NFT PFP project to an NFT matrix, and then expanded the IP universe based on NFT, introducing DAO governance, which is a pioneer in the commercial exploration of Web3 IP and Metaverse, and has also achieved the legendary story of building a head crypto community from zero to one with creativity and community.

Yuga Labs

products

Yuga Labs was founded in February 2021 by four founders: Gargamel, Gordon, Tomato and Sass. Let’s briefly sort out which Web3 products the company has launched in the past year or so.

BAYC: On April 23, 2021, the launch of the BAYC (Bored Ape Yacht Club) series of NFTs a total of 10,000, which did not receive much attention at first, and after the well-known collector Pranksy tweeted on May 1, it was all sold out in just two hours, and the popularity of the secondary market continued to increase.

Web3 Disney Yuga Labs core investment logic

BAKC: On June 18, 2021, BAKC (Bored Ape Kennel Club) was launched, and each BAYC holder received a matching puppy NFT airdrop. The founding team wanted their ideas to be more fun and continue to create value for the community, so they came up with the idea of making BACC, where the proceeds from royalties for the first 6 weeks are donated to animal charity, after which the royalties on sales in the secondary market are set to 0. A total of $1 million was raised.

Web3 Disney Yuga Labs core investment logic

MAYC: On August 28, 2021, MAYC (Mutant Ape Yacht Club) was launched, and each Bored Ape owner receives a serum that can be used to mutate their Bored Ape into a mutant ape with corresponding characteristics. In addition, an additional 10,000 MAYC NFTs were minted.

Web3 Disney Yuga Labs core investment logic

ApeCoin: On March 17, 2022, Yuga Labs launched the token ApeCoin, a total of 1 billion coins. Holders of BAYC and MAYC (or both holders of BAKC) can obtain airdrops on ApeCoin’s website.

Otherside: On May 1, 2022, the pre-sale of the land Otherdeed of the Metaverse platform Otherside was launched, which was unprecedentedly hot. With a total supply of 200,000 plots, 55,000 were sold this time, and 30,000 were airdropped by BAYC/MAVC holders and 15,000 were held by contributors.

Web3 Disney Yuga Labs core investment logic

In addition, in March 2022, Yuga Labs also acquired several head NFT projects, such as CryptoPunks, Meebits, etc. The launch of its own star products and the blessing of head NFT projects made Yuga Labs once infinitely beautiful.

Web3 Disney Yuga Labs core investment logic

Web3 Disney Yuga Labs core investment logic

According to the official announcement, the ApeCoin DAO community has voted on the proposal AIP-134 to establish a bug bounty program for the APE staking system smart contracts, and the launch date of the APE staking system will be postponed until the end of the bug bounty program. According to the authors of the proposal, the bug bounty program will last about 3 weeks, so the staking system may go live on November 24 and the staking reward distribution will begin on December 7.

Recently, according to Decrypt, Yuga Labs announced the upcoming launch of the Metaverse NFT open standard to enable NFTs to migrate between Otherside and other Metaverses. Greg Solano, founder of BAYC, said that some standards will be available soon, and some will be launched next year, which is an open standard that “anyone can adopt and build on” with the ultimate goal of creating an open world.

Yuga Labs

Core investment logic

With so many companies that do NFT, why only Yuga Labs has become a “fire thief”, after reading the core investment logic of Yuga Labs, “Web3 Disney” is not a false name.

Traffic advantage: Yuga Labs has moved from a separate NFT PFP project to an NFT matrix, and then expanded the IP universe based on NFT, introducing DAO governance, which is a pioneer in the commercial exploration of Web3 IP and Metaverse, and has also achieved the legendary story of building a head crypto community from zero to one with creativity and community.

Excellent team innovation and storytelling ability: Since the launch of BAYC, Yuga Labs has been leading the NFT market with continuous innovation, and with the subsequent Internet and Hollywood executives with professional backgrounds joining, the team’s future innovation ability is still worth looking forward to. The investors behind the Otherside Metaverse are Yuga Labs, Improbable and Animoca Brands, one is good at crypto narrative building, one focuses on underlying infrastructure construction, and the other is a leading manufacturer in the crypto game field, with top crypto and gaming resources. ApeCoin DAO has a complete governance structure, and the first board members are well-known investors and entrepreneurs in the crypto field.

Strong IP moat: Yuga Labs NFT’s IP matrix corresponds to a blue-chip market share of more than 20%, and it has been the undisputed head crypto IP since BAYC was released more than a year ago, with a strong consensus.

Technology: Improbable, an infrastructure provider partnered with Otherside, to create scenarios that can accommodate thousands of people in the same scene in real time.

In an article titled “Yuga Labs IP Empire Rises: 140% Expansion in Three Months,” Forj Network CEO Harry Liu wrote, “Yuga Labs’ IP ecosystem is growing rapidly, from 80 in August to more than 190 now. The growth of Web3 IP is driving more transformation projects, and these positive transformations, along with interoperability innovations, are fueling structural changes driving mass adoption of Web3. ”

Web3 Disney Yuga Labs core investment logic

Web3 Disney Yuga Labs core investment logic

Source: Forj Network

Several trends can be summarized from Yuga Labs’ IP layout: Web3 IP growth is driving more transformation projects, and these positive transformations and interoperability innovations are becoming the fuel for structural changes driving Web3’s mass adoption; Most IP integrations will not have high sales; With the assistance of IP3 and BoredJobs, mid-range brands will cooperate with the Yuga Labs ecosystem more frequently; Vertical collaboration: music and brand and IP; Yuga Labs’ IP ecosystem is growing rapidly: from 80 in August to 190+ now.

Worth paying attention to

Future key events

Staking system (expected to go live on November 24)

The staking system proposed in March 2022 has been subject to considerable controversy, with the controversy focusing partly on the “staking reward” itself and partly on the fact that uncapped staking actually goes against the interests of NFT holders. The latter has been improved in subsequent community governance proposals, and the former remains a widely questioned issue for $APE.

According to the official announcement, the ApeCoin DAO community has voted on the proposal AIP-134 to establish a bug bounty program for the APE staking system smart contracts, and the launch date of the APE staking system will be postponed until the end of the bug bounty program. According to the authors of the proposal, the bug bounty program will last about 3 weeks, so the staking system may go live on November 24 and the staking reward distribution will begin on December 7.

In addition, the ApeCoin DAO’s proposals on the “Special Committee Nomination Procedure” AIP-137 and the “Special Committee Member Election Procedure” AIP-138 have been approved, and the ApeCoin Foundation will soon release a nomination announcement.

Otherdeed for Otherside land sale (time and form to be determined)

Previously, Otherside’s Metaverse land sales set off a wave of breathtaking Ethereum Gas War, which was as high as 45,556 Gwei at one point, resulting in land buyers spending 305 $APE (about $5800 at the time) and ETH Gas fees ranging from $4,000 to $10,000, and the minting campaign burned a total of 50,000 ETH.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/web3-disney-yuga-labs-core-investment-logic/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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