Yuga Labs founder Greg Solano announced today on the X platform that he will be returning to Yuga Labs as the CEO. As for the future of the Bored Ape Yacht Club (BAYC) NFT project, BAYC’s value lies in its community, and the company hopes to empower the BAYC team within Yuga as much as possible, allowing them to execute their vision and unleash more flexibility and creativity.
Therefore, Yuga Labs has established a new subsidiary called “BAYC LLC” specifically for handling all matters related to the Bored Ape Yacht Club.
Following the announcement, the floor price of Bored Ape NFTs surged over 10% to 24 ETH, surpassing the floor price of Pudgy Penguins once again.
