Bored Ape Yacht Club developer Yuga Labs is laying off an unspecified number of employees as the appetite for the nonfungible tokens continues to evaporate., Yuga Labs CEO Greg "Gargamel" Solano said that "some very hard, strategic decisions" had "unfortunately" included a "restructuring."
"To put it simply: Yuga lost its way," Solano wrote. "Getting ourselves centered and on the right path means being a smaller, more agile and cryptonative team."But is the bizarre trend really on its way out once and for all — or are NFTs in for an imminent resurgence, as someIn October, Yuga Labs' Ethereum-based token called ApeCoin dropped to an all-time low, hovering at just over $1.
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