Last Updated on June 5, 2024 by Kamran Ali
Yuga Labs CEO Greg Solano has decided to distance the company from the CryptoPunks project after facing criticism from the community regarding their new Super Punk World project. Here is what you need to know about the recent Super Punk World Project.
What Is The Concept Behind The Super Punk World Project By Cryptopunks?
On May 20, the official CryptoPunks account revealed a new NFT collection called Super Punk World. The collection comprises 500 hybridized 3D sculptures that were described as blurring racial and gender barriers.
The New York-based painter Nina Abney created a collection of pieces that pays tribute to the CryptoPunks project’s “irreverent and early-internet origins.”
Despite its intentions, the collection was criticized for being too “woke” by some crypto community members. According to a community member, Yuga Labs killed CryptoPunks with the change-“Go woke. Go broke. “Yuga killed Punks today.”
While someone else threatened to sell their CryptoPunk NFT, an anonymous influencer named Greg asked sarcastically if the account had been hacked. A frustrated NFT trader also asked the community to stop supporting Yuga Labs and move on.
Additionally, the CEO of Yuga Labs disclosed that they intend to provide Abney’s collection to those who currently support her efforts in the field. This implies that proprietors of SuperCoolWorld may receive it via airdrop.
FAQs
What is Super Punk World?
Super Punk World is a 500-piece avatar collection created by Nina Chanel Abney as part of CryptoPunks’ Punk-in-Residence program.
Where is Yuga Labs located?
Wylie Aronow and Greg Solano launched Yuga Labs in 2021, based in Miami, Florida.
Who is behind Yuga Labs?
Initially known by their pseudonyms, “Gargamel,” “Gordon Goner,” “Emperor Tomato Ketchup,” and “Sass,” respectively, Greg Solano, Wylie Aronow, Kerem Atalay, and Zeshan Ali created Yuga Labs,
How much is Yuga Labs worth?
The company raised $450 million at a $4 billion valuation in 2022, making it one of the most valued unicorns in the cryptocurrency space.
Who created Bored Apes?
Greg Solano (“Gargamel”), Wylie Aronow (“Gordon Goner”), Zeshan Ali (“No Sass”), and Kerem Atalay (“Emperor Tomato Ketchup”) are among the founders.
Is Yuga Labs a public company?
Yuga Labs is still a privately owned company and is not listed in any significant public markets, like NASDAQ or NYSE.
Did Yuga Labs make ApeCoin?
For the Otherside Metaverse, which Yuga Labs created, ApeCoin will be the currency for the metaverse.
Who are the subsidiaries of Yuga Labs?
Meebits, Otherside, BAYC, MAYC, Cryptopunks, and Otherside are among Yuga Labs’ subsidiaries.
Takeaways
Yuga Labs has suspended the CryptoPunks’ Super Punk World project due to community outrage, highlighting the difficulties of handling community expectations in the growing NFT field. The decision emphasizes the significance of connecting new projects with the sentiments of current supporters in order to preserve confidence and involvement.
