Yugalabs, the leading Web3 company, is making waves in the world of NFTs in 2024 with their latest updates and partnerships. One of the most exciting developments is their recent collaboration with Magic Eden, a top NFT marketplace. This partnership will make it easier for users to discover, buy, and sell digital collectibles, with the added bonus of a diamond reward airdrop program for old NFT volume on Ethereum.
In another major move, Yugalabs has acquired the Proof Collection, known for its captivating Moonbirds, in an all-stock deal. While this expansion of their portfolio is significant, some in the community feel that the company’s focus is spread too thin across multiple collections.
In a surprising twist, Yugalabs founder Garga has taken over as CEO, replacing Daniel Alegre. This change in leadership has been well-received by the community, who see it as a return to the core beliefs of Yugalabs and the “club” they have built.
The Bored Ape Yacht Club (BAYC) has been experiencing fluctuations in floor prices, with some remarkable sales happening in 2024. Despite this, other collections under Yugalabs have seen a decline in value, except for CryptoPunks, which maintains a floor price of 56 ETH.
Looking ahead, Yugalabs is gearing up for the next Otherside Trip on February 27th, titled “Apes Come Home.” This event promises immersive experiences and a chance for users to connect with fellow Apes in a 3D model of their BAYC.
Additionally, the popular game Dookey Dash is set to make a comeback, with a prize pool of 1 Million Dollars up for grabs. Players won’t earn an NFT this time, but the competition is sure to be fierce.
Overall, Yugalabs is continuing to innovate and expand in the NFT space, with exciting developments on the horizon for 2024. Stay tuned for more updates from this dynamic company.
