Bored Ape Yacht ClubYuga Labs co-founder Greg “Garga” Solano, who “I owe everyone a frank and honest explanation of what led to this decision. To put it simply: Yuga lost its way,” he wrote. “Getting ourselves centered and on the right path means being a smaller, more agile, and crypto-native team. A team that does fewer things but does them brilliantly.”It’s unclear how many positions are affected by the restructuring. gm, really tough day today. I am hellbent on transforming yuga and getting us back to our roots, and that means making hard decisions. by far the hardest is saying goodbye to some talented team members. here was my message to the team this morning. pic.twitter.com/gBkoNf2iK3— Garga.eth (Greg Solano) (@CryptoGarga) April 26, 2024Yuga Labs was founded in early 2021 and launched the Bored Ape Yacht Club The startup expanded quickly. It Yuga Labs then pivoted hard into gaming with the announcement of The NFTs recently fell to a price that’s “The creative-first spirit that drove this company from inception has been getting muddied by labyrinthine corporate processes,” he wrote. “We work hard and we care but somehow end up with groups and committees. We plan more than we ship.”“Yuga was about a dozen people when someone knocked on the door with a massive valuation. The ethos back then was just: ship only stuff that delights you, but also do it like your butt’s on fire,” he continued. “We had our share of luck and moments of brilliance, but in a lot of ways we were playing the game on easy mode: Creator royalties were thriving and made our whole ecosystem electric.”He cited the But Solano said he has a plan that will be revealed before long, and it appears to focus on staying lean and taking fewer, but quicker swings.“In the history of Yuga, our biggest home runs are things that went from a glimmer in our eye to shipped in under three months,” he wrote.Edited by Ryan Ozawa.
