Yuga Labs, on the other hand, will not be completely cut off from the DAO – in fact, it will retain a large voting stake in the organization. The corporation will retain around 15% of all ApeCoins created, while BAYC’s founders will receive an additional 8%. Contributors to the DAO’s launch will also receive an additional 14% of the tokens. Then, another 15% of tokens will be distributed first to holders of Bored Ape NFTs, leaving little less than half of the total quantity available to anybody else interested in purchasing.
Since its April inception, Bored Ape Yacht Club has grown to be the most recognisable brand in the NFT world, with multimillion-dollar sales and an ever-growing roster of celebrity owners. Yuga Labs is now in talks for a multimillion-dollar investment, and it recently bought two of the largest brands in NFTs — CryptoPunks and Meebits — in order to diversify its portfolio.
