BAYC Creator Yuga Labs Completes Restructuring to Focus on Metaverse

Yuga Labs, the organization behind the prominent non-fungible token (NFT) project Bored Ape Yacht Club (BAYC), has successfully completed its restructuring in response to ongoing challenges within the industry.

On October 17, Yuga Labs CEO Daniel Alegre announced the completion of the restructuring process, which had been initially revealed earlier in the month.