ReportWire

Tag: Bored Ape Yacht Club (BAYC)

  • Greg Solano Set to Lead Yuga Labs as New CEO

    Greg Solano Set to Lead Yuga Labs as New CEO

    [ad_1]

    Greg Solano, widely known by his pseudonym “Garga” and co-founder of Yuga Labs, has announced that he will take over as CEO.

    This announcement comes as Daniel Alegre, former COO of Activision Blizzard and CEO of Yuga Labs, steps down after a tenure of approximately ten months.

    Crypto-Native Focus

    The leadership transition was revealed through a post on X, wherein Solano expressed his enthusiasm for steering the company into its next phase.

    “I am stepping back in as CEO of Yuga Labs,” Solano stated. “Wylie and I are grateful for all the contributions and operational rigor Daniel has brought to the company and appreciate his thoughtfulness and mentorship over the past year. I’m reinvigorated to be taking the reins for our next chapter.”

    In response to the post, Alegre expressed gratitude to the Yuga Labs team for their collaboration during his tenure as CEO and expressed confidence in the company’s promising future.

    Speaking on Yuga Lab’s future, Solano outlined key focus areas for the company, emphasizing a shift towards a more crypto-native approach across all operations.

    Under Solano’s leadership, Yuga Labs aims to reinvigorate its flagship project, the Bored Ape Yacht Club (BAYC), by fostering greater autonomy and agility within the team. Solano highlighted the importance of community engagement and collaboration, citing recent successes such as ApeFest and Made by Apes as indicators of BAYC’s potential as a cultural phenomenon.

    To facilitate this vision, a new subsidiary, “BAYC LLC,” has been established within Yuga Labs to oversee all aspects of the BAYC ecosystem. Solano expressed confidence in the existing team while hinting at the recruitment of key roles to strengthen BAYC’s operations.

    Otherside and Gaming Initiatives

    Solano outlined plans to elevate Otherside as the premier destination within the web3 space. Describing it as the “living room of web3,” Solano emphasized the importance of community engagement in shaping Otherside’s development.

    He pledged increased transparency and communication, starting with the upcoming “Apes Come Home” event as part of a broader effort to involve the community in the platform’s evolution.

    Solano also emphasized Yuga Labs’ commitment to gaming, advocating for a balanced approach that combines mass-market appeal with crypto-native mechanics. This strategy, he explained, aims to attract a diverse user base while leveraging blockchain technology to create innovative gaming experiences.

    He also hinted towards upcoming projects like Dookey Dash and collaborations with partners like Farawaygg as examples of this strategy in action.

    SPECIAL OFFER (Sponsored)

    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    [ad_2]

    Wayne Jones

    Source link

  • BAYC Investor Reportedly Escapes Losing NFTs to Fake Forbes Journalists

    BAYC Investor Reportedly Escapes Losing NFTs to Fake Forbes Journalists

    [ad_1]

    A non-fungible token (NFT) collector has narrowly escaped losing his assets to fake Forbes journalists during a supposed Zoom interview.

    In a tweet, Crumz, the pseudonymous Bored Ape Yacht Club (BAYC) owner, detailed his experience with the scammers and how they attempted to steal their NFTs by requesting a banana during the interview.

    BAYC User Escapes Losing NFTs

    Crumz revealed that a scammer pretending to be Robert LaFranco, an editor for the American business magazine and media company, reached out to him, requesting an interview as Forbes was writing an article about BAYC. The supposed editor wanted Crumz to talk about his experience in the club.

    Unfortunately, Crumz failed to discover that the X account that contacted him differed from LaFranco’s original one, even though they looked up the editor’s name. While they were a bit surprised at the company’s move, the BAYC owner cooperated with the scammer and fixed a date for the interview.

    The bad actor failed to show up for the first call, citing a family emergency, but suggested that the interview be postponed to November 26. On the set date, they came an hour late with another scammer pretending to be Steven Ehrlich, the research director of Forbes’ crypto arm. Interestingly, the fraudsters did not turn on their cameras during the meeting.

    While Crumz was too excited at the beginning to question the interviewers about not turning on their cameras, they noticed several other red flags during the interview. The scammers did not have a premium Zoom account; they had to set up multiple call links, and the supposed journalists wanted to record Crumz’s screen with a separate recorder bot.

    The Request for a Banana

    Crumz was asked to press a button to allow access to record their screen, told to say something that sounded like one of his collectibles, and asked to get a banana.

    After muting their screen and acting like they went to get the banana, Crumz stood by and watched as the scammers began to control his screen. Although their NFTs were in cold storage, the BAYC owner had to shut down his computer when they headed to the NFT ownership platform Delegate, instantly interrupting their access.

    Meanwhile, Crumz was not the only one invited for the interview. The scammers also sent similar invitations to other crypto users on X, with some ignoring the message.

    SPECIAL OFFER (Sponsored)

    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    [ad_2]

    Mandy Williams

    Source link