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Bored Apes' Yuga Labs lays off employees

39 points by bathtub365 3y ago

tail_exchange 3y ago
I'm curious to know what kind of projects this company has. The ugly monkey jpeg industry doesn't seem to have that much user demand if you take away the promise to get rich fast, so surely they must have other crypto projects in mind?
malkia 3y ago
tulips
- readthenotes1 3y ago
  At least tulips are pretty...
- clippablematt 3y ago
  The Dutch flower markets are still a big tourist attraction, on the top lists of things to do in Amsterdam. People say “bubble” with their mind so focused on what they think is dumb ways of spending money, and they miss the lasting cultural impact, which is actually what matters. I’m not a fan of the apes(there’s more interesting tighter communities in the nft space), but I see more and more ape-branded stuff appearing here in China. That’s probably not making the nft holders any direct money as they’re unlikely to be paying for taking the images, but these waves are unpredictable. Mona Lisa wasn’t that famous till it was stolen…
skyyler 3y ago
I'm surprised they still use the totenkopf-inspired logo...
- eska 3y ago
  It’s one of the many Nazi symbols they use https://m.youtube.com/watch?v=XpH3O6mnZvw&pp=ygURUGhpbGlvbiBib3JlZCBhcGU%3D https://m.youtube.com/watch?v=XpH3O6mnZvw&pp=ygURUGhpbGlvbiB...
- emptysongglass 3y ago
  They don't. It's not "totenkopf-inspired".
  - DANmode 3y ago
    It's not?
  - skyyler 3y ago
    Are you serious? Do you actually believe that?
    - emptysongglass 3y ago
      Do you actually believe the unhinged raving of one person making claims Yuga Labs has stated, repeatedly, are false? What do you suppose the agenda is of an NFT company other than produce NFTs and get rich? Inherit the earth with all their spoils so they can start the Fourth Reich? Are you serious?
      - skyyler 3y ago
        Did you look at the logo? It's very obviously a reference.
Simulacra 3y ago
I never understood the business model of NFTs. The value was so easily diluted through duplication and fraud, that I still can't wrap my head around how people actually spent money on this.
- GenerocUsername 3y ago
  It was never about the monkeys... though 99% of the users don't understand that. A picture of a monkey is reproducible. Owning an entry on the block chain that maps to a rare monkey via a procedural art algorithm is not so easy but also not impressive. Few users understood the distinction, with both ends of the bellcurve knowing it's stupid
- DANmode 3y ago
  For a few, there was a fleeting moment of hope there would be a monkey club that the NFT would act as a token into, or for. For some, it was a speculative investment, based on the future value of that access token. For many more, it was a speculative investment based on popularity/"line go up"/shiny new thing.
eska 3y ago
I’ll just leave this well researched documentary here which is being censored from YouTube search results despite millions of views. https://youtube.com/watch?v=XpH3O6mnZvw https://youtube.com/watch?v=XpH3O6mnZvw
- mvdtnz 3y ago
  I turned the video off at around the minute mark when he said "dog whistles", a term that culture warriors use when they really want to call someone racist but can't point to a single instance of actually racist remarks.
  - chownie 3y ago
    The dog whistle idea has a decent amount of merit with me, but one signal is not enough to call dog whistle on, it's the combination of many. I see people online with "88" in the username and lo and peep another comment featuring a black sun, later on they're suspended for hate speech. I see people mention "international bankers" and what do you know they're later dropping parentheses around random words and denying the Holocaust. It's a just a heuristic, it doesn't map to the real world all the time but fairly reliable online. For a crypto group I can totally see this applying.
    - mvdtnz 3y ago
      Nah, not good enough. I've seen people accused of being racist for using "dog whistles" like the "ok hand" emoji or the letter 'H'. It's not a good heuristic, it's a way to accuse people of being racist for no reason.
      - wenebego 3y ago
        Read their first sentence again
      - chownie 3y ago
        Given how effective this has been for me I'm going to guess this is actually a selection bias issue. You're noticing people doing it wrong because when people do it right you don't see anything at all, the accounts just go poof some point later when they're banned for policy violations.

39 points by bathtub365 3y ago

I'm curious to know what kind of projects this company has. The ugly monkey jpeg industry doesn't seem to have that much user demand if you take away the promise to get rich fast, so surely they must have other crypto projects in mind?

malkia 3y ago

tulips

readthenotes1 3y ago
At least tulips are pretty...
clippablematt 3y ago
The Dutch flower markets are still a big tourist attraction, on the top lists of things to do in Amsterdam. People say “bubble” with their mind so focused on what they think is dumb ways of spending money, and they miss the lasting cultural impact, which is actually what matters. I’m not a fan of the apes(there’s more interesting tighter communities in the nft space), but I see more and more ape-branded stuff appearing here in China. That’s probably not making the nft holders any direct money as they’re unlikely to be paying for taking the images, but these waves are unpredictable. Mona Lisa wasn’t that famous till it was stolen…

skyyler 3y ago

I'm surprised they still use the totenkopf-inspired logo...

eska 3y ago
It’s one of the many Nazi symbols they use https://m.youtube.com/watch?v=XpH3O6mnZvw&pp=ygURUGhpbGlvbiBib3JlZCBhcGU%3D https://m.youtube.com/watch?v=XpH3O6mnZvw&pp=ygURUGhpbGlvbiB...
emptysongglass 3y ago
They don't. It's not "totenkopf-inspired".
- DANmode 3y ago
  It's not?
- skyyler 3y ago
  Are you serious? Do you actually believe that?
  - emptysongglass 3y ago
    Do you actually believe the unhinged raving of one person making claims Yuga Labs has stated, repeatedly, are false? What do you suppose the agenda is of an NFT company other than produce NFTs and get rich? Inherit the earth with all their spoils so they can start the Fourth Reich? Are you serious?
    - skyyler 3y ago
      Did you look at the logo? It's very obviously a reference.

Simulacra 3y ago

I never understood the business model of NFTs. The value was so easily diluted through duplication and fraud, that I still can't wrap my head around how people actually spent money on this.

GenerocUsername 3y ago
It was never about the monkeys... though 99% of the users don't understand that. A picture of a monkey is reproducible. Owning an entry on the block chain that maps to a rare monkey via a procedural art algorithm is not so easy but also not impressive. Few users understood the distinction, with both ends of the bellcurve knowing it's stupid
DANmode 3y ago
For a few, there was a fleeting moment of hope there would be a monkey club that the NFT would act as a token into, or for. For some, it was a speculative investment, based on the future value of that access token. For many more, it was a speculative investment based on popularity/"line go up"/shiny new thing.

eska 3y ago

I’ll just leave this well researched documentary here which is being censored from YouTube search results despite millions of views. https://youtube.com/watch?v=XpH3O6mnZvw https://youtube.com/watch?v=XpH3O6mnZvw

mvdtnz 3y ago
I turned the video off at around the minute mark when he said "dog whistles", a term that culture warriors use when they really want to call someone racist but can't point to a single instance of actually racist remarks.
- chownie 3y ago
  The dog whistle idea has a decent amount of merit with me, but one signal is not enough to call dog whistle on, it's the combination of many. I see people online with "88" in the username and lo and peep another comment featuring a black sun, later on they're suspended for hate speech. I see people mention "international bankers" and what do you know they're later dropping parentheses around random words and denying the Holocaust. It's a just a heuristic, it doesn't map to the real world all the time but fairly reliable online. For a crypto group I can totally see this applying.
  - mvdtnz 3y ago
    Nah, not good enough. I've seen people accused of being racist for using "dog whistles" like the "ok hand" emoji or the letter 'H'. It's not a good heuristic, it's a way to accuse people of being racist for no reason.
    - wenebego 3y ago
      Read their first sentence again
    - chownie 3y ago
      Given how effective this has been for me I'm going to guess this is actually a selection bias issue. You're noticing people doing it wrong because when people do it right you don't see anything at all, the accounts just go poof some point later when they're banned for policy violations.