Yuga Labs has just announced it is starting its first community council for BAYC and MAYC. The community council consists of seven long-standing community members that have a proven track record of supporting the collection, and other NFT holders, and have been trusted advisors to Yuga Labs.
About the BAYC and MAYC Council
According to the official blog, the BAYC Council was formed with the intention of representing the community at large. Plus, it serves as a channel through which community members can express their ideas. The seven council members are Josh Ong, Sera, Laura Rod, 0xEthan, 0xWave, Negi and Peter Fang.
The BAYC council will initially be focused on receiving direct feedback from the community. Council members will be elevating the community by bringing their various skill sets to the table. Furthermore, the council members will be able to nominate three community projects a month to receive a startup grant from Yuga Labs. BAYC and MAYC communities will then vote on which project gets a 10 ETH (~$15K) grant each month.
According to Yuga Labs, plans are in place to potentially create something similar to the BAYC council for other Yuga projects. These include popular NFT communities like CryptoPunks, Otherside and Meebits.
About Yuga Labs
Founded in February 2021, Yuga Labs is a company best known for creating Bored Ape Yacht Club. From then on, the company went from strength to strength. It launched spinoffs of BAYC, namely, Mutant Ape Yacht Club (MAYC) and Bored Ape Kennel Club (BAKC). Additionally, it gained enough prominence in the NFT community to acquire CryptoPunks and Meebits, and launch Otherside. The launch of the BAYC council signifies Yuga Labs’ growing influence, not only in the Web3 space, but pop culture at large.
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