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Part 1 Gargas message taking over as CEO of YUGA For those who missed it. I am stepping back in as CEO of Yuga Labs. Wylie and I are grateful for all the contributions and operational rigor Daniel has brought to the company, and appreciate his thoughtfulness and mentorship over the past year.
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Part 2 I’m reinvigorated to be taking the reins for our next chapter. Looking at what’s ahead for Yuga, we need to execute with a more cryptonative focus across the entire company. There’s a couple things that are top of mind for Wylie and I:
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-BAYC: Appreciate everyone coming out to the first “Bored Meeting” this past weekend. To sum up our thinking around BAYC in the briefest possible terms, the utility of BAYC comes from the network.
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Part 3 From everybody who is in the club. That’s why ApeFest is so special, why Made by Apes has seen explosive adoption, why the clubhouse itself is so hype, and why BAYC is able to collab with some of the biggest brands in the world.
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Part 4 We want to unshackle the BAYC team at Yuga as much as possible to execute against its vision. More focus, more agility. So it can do the above, and create the space for the magic and crazy shit we used to get up to more often.
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Part 5 Focus and agility requires autonomy. Step 1 is already done. A new company, “BAYC LLC”, was created as a Yuga subsidiary and will be responsible for everything BAYC. We’ve got a crack team of ninjas on the BAYC team, but there’s still a couple important roles to be filled over there.
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