The non-fungible token (NFT) and blockchain firm Yuga Labs has announced a community council will be representatives of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT collections. Yuga Labs has chosen seven community members with “a proven track record” to represent the NFT club at large.
Yug Labs names seven community council members
On Wednesday, Era Labs announced that the team has formed a community council of seven apes to represent the entire BAYC and MAYC ecosystem. Per the announcement, the community council will be able to nominate up to three community projects each month, and the BAYC and MAYC communities will vote on which project will receive a grant from Yug Labs.
The seven new community council members include Josh Ong, Sera, Laura Rod, 0xEthan, 0xWave, Negi, and Peter Fang. “The council will work with Yuga and the BAYC/MAYC community to uplift community-driven initiatives such as commercial projects, meet-ups, charitable giving, and other community-led ideas,” Yuga Labs’ announcement details.
Era Labs says that the council members were selected for their prior track record towards community-led initiatives and construction. The news comes after Yuga Labs officially issued intellectual property (IP) rights to the owners of Cryptopunks and Meebits. The company had already issued BAYC/MAYC IP rights to the owners of those specific NFT collections. In addition, Era Labs recently published the Otherside Metaverse whitepaper and released a new teaser video about the upcoming project.
Regarding the two project’s autonomy, Yuga Labs said that the newly launched community council will keep the independence strong. “The BAYC/MAYC community is an autonomous bunch, and this council represents that — they’ll be bringing their various skill sets with ideas to the table, and we’ll work with them to make the best ideas reality,” the blog post published by Yuga Labs concludes.
