Even the best known NFT brand can't escape the effects of a collapsing industry. Yuga Labs, the company behind the blue-chip Bored Apes NFTs and related collections, and the acquirers of collections including CryptoPunks, has announced that it will be joining the many other companies in the crypto world performing layoffs. They did not disclose how many employees would be losing their jobs."It's a challenging time, not only for our industry but also for the global economy," wrote Yuga Labs CEO, apparently hoping that people ignorant to the past year of disaster across the NFT industry might be willing to attribute Yuga Labs' struggles to macroeconomic forces and not the implosion of the crypto — and particularly NFT — world.

It's a challenging time, not only for our industry but [...]

our industry

industry

  • GaveUp [love/loves]
    ·
    1 year ago

    Bored Ape Yacht Club and Yuga Labs is a very intricate crypto-fascist project by 4chan white supermacists

    Here's a video essay on it. You know it's good because YouTube has completely unlisted it. It doesn't show up in the search results no matter what you search for

    https://youtu.be/XpH3O6mnZvw?si=8wmSJefI0e4mZGOy

    • UlyssesT [he/him]
      ·
      1 year ago

      I guarantee some corpos behind Youtube were upset about the exposure of their fellow cryptofascists' super secret crypofascist dog whistling. scared-fash

      • dannoffs@lemmy.sdf.org
        ·
        1 year ago

        Whittgenstein is like the Bill Burr of philosophy in that taken in isolation they're fine for the most part but the people who really like them are the absolute worst people on earth.

        • RonPaulyShore [none/use name]
          ·
          1 year ago

          i think if you're getting triggered by witt-heads you're probably just mad that philosophy was actually solved and again realize that you've been wasting your time.

  • JohnBrownsBussy2 [she/her, they/them]
    ·
    1 year ago

    All the Apes are algorithmically generated based on a library of features. You only need one mediocre artist to make the assets: all the other jobs are fake.

  • daisy
    ·
    1 year ago

    Didn't they know that they could simply use a single slurp juice on multiple apes?

  • flan [they/them]
    ·
    1 year ago

    they should pivot into AI generated NFTs instead and suck up some more of that sweet sweet investor money

    • UlyssesT [he/him]
      ·
      1 year ago

      It was a cryptofascist dog whistle, and always has been.

  • UlyssesT [he/him]
    ·
    1 year ago

    rip-bozo

    industry

    It can be considered an industry in one way: the massive additional carbon output for moving and verifying those hideous things around the blockchain. It churns out industrial pollution... in return for nothing of meaningful value. this-is-fine