Benoît Pagotto, co-founder of the pioneering digital fashion studio RTFKT, has died unexpectedly at age 41, leaving behind a legacy that transformed the intersection of luxury design, gaming, and crypto culture. The creative visionary helped build RTFKT into one of digital fashion’s most influential brands before its acquisition by Nike in 2021, with colleagues remembering him as exceptionally creative, discreet, and humble. His passing comes as the brand he helped create faces significant challenges, including a $5 million class-action lawsuit and operational wind-downs by its parent company.
about RTFKT Co-Founder Benoît Pagotto Dies at 41Greg Solano
0 posts last weekYuga Labs Proposes ApeCo to Replace ApeCoin DAO
Yuga Labs has unveiled a proposal to replace ApeCoin with ApeCo, citing inefficiencies and governance issues within the existing ApeCoin DAO. CEO Greg Solano described the DAO as an experiment that failed to deliver clear direction, becoming toxic rather than productive. The new ApeCo structure would focus resources on key areas like ApeChain, Bored Ape Yacht Club, and Otherside, while eliminating community voting and disbanding the DAO’s forums. Critics have long accused the DAO of being slow, inefficient, and manipulated by conflicting interests. If approved, the transition would nullify past governance proposals and dissolve working groups. Community reactions so far appear cautiously optimistic, aligning with Yuga Labs’ broader strategy to streamline its operations amid declining ApeCoin value.
about Yuga Labs Proposes ApeCo to Replace ApeCoin DAOYuga Labs Proposes Dissolving ApeCoin DAO for New Entity
Yuga Labs has submitted a proposal to dissolve the ApeCoin DAO and transfer its assets, including $168 million in APE tokens, to a new corporate entity called ApeCo. The decision follows growing dissatisfaction with the DAO’s performance, described as ‘sluggish and unserious’ by Yuga co-founder Greg Solano. If approved, ApeCo would take over key responsibilities like grant management and ApeChain development, marking a significant shift from decentralized governance to a more centralized structure. The proposal has garnered mixed reactions, with some supporting the move for efficiency while others warn of reputational risks. This could set a precedent for the viability of token-holder governance in Web3.
about Yuga Labs Proposes Dissolving ApeCoin DAO for New EntityYuga Labs Proposes Overhaul of ApeCoin DAO Governance
Yuga Labs, led by CEO Greg Solano, is pushing for a major overhaul of the ApeCoin ecosystem by proposing the shutdown of its current decentralized autonomous organization (DAO). Solano argues that the DAO, once a key driver of early momentum, has devolved into a slow and ineffective governance model. The new proposal, dubbed ApeCo, aims to replace the DAO with a more efficient management entity, citing wasted resources on low-impact initiatives and vanity projects. This move signals a shift toward more structured governance in the ApeCoin community.
about Yuga Labs Proposes Overhaul of ApeCoin DAO GovernanceYuga Labs Proposes Dissolving ApeCoin DAO for New Entity
Yuga Labs CEO Greg Solano has unveiled a proposal to disband the ApeCoin DAO, transferring its assets and governance rights to a new entity called ApeCo. The plan, outlined in an ApeCoin Improvement Proposal, seeks to address inefficiencies in the DAO’s governance, which Solano describes as ‘sluggish, noisy, and often unserious.’ If approved, the move would dissolve the DAO, nullify prior proposals, and consolidate control under Yuga Labs. ApeCo would focus on core initiatives like ApeChain, Bored Ape Yacht Club, and the Otherside metaverse. The proposal has garnered early support but requires DAO approval. ApeCoin’s price has dropped 7% amid the news, remaining far below its 2022 peak.
about Yuga Labs Proposes Dissolving ApeCoin DAO for New EntityYuga Labs Sells Moonbirds NFT IP to Orange Cap Games
Yuga Labs has offloaded the Moonbirds NFT IP to Orange Cap Games, a gaming startup known for its Pudgy Penguins-themed Vibes TCG. This sale is part of Yuga’s broader strategy to concentrate on its flagship Bored Ape Yacht Club and Otherside metaverse projects. Orange Cap Games, while yet to reveal detailed plans, confirmed future Moonbirds-related assets will be minted on Ethereum layer-1 or Yuga’s ApeChain. Yuga Labs had acquired Moonbirds and its creator Proof in early 2024 but has since divested several high-profile NFT IPs, including CryptoPunks and Meebits. The original Moonbirds collection generated $280 million in sales during its 2022 launch but faced challenges as the NFT market declined.
about Yuga Labs Sells Moonbirds NFT IP to Orange Cap GamesNFT Trader Loses $10M on Rare Alien CryptoPunk Sale
An anonymous NFT trader lost $10 million after selling Alien CryptoPunk #3100 for 4,000 ETH ($6.07M), a steep drop from its March 2022 sale of 4,500 ETH ($16M). The Alien Punk, one of only nine in the collection, ranks among the most valuable NFTs, but the broader market downturn has slashed prices. CryptoPunks’ floor price has fallen 43% in three months to $71,031, a far cry from its 2021 peak of $400K. Despite speculation about Yuga Labs selling the IP, co-founder Greg Solano confirmed no such plans. The sale underscores the risks in high-value NFT trading amid crypto volatility.
about NFT Trader Loses $10M on Rare Alien CryptoPunk SaleYuga Labs Faces Backlash as CryptoPunks IP Sale Rumors Circulate
Yuga Labs faced backlash over rumors of a potential sale of the CryptoPunks IP, with co-founder Greg Solano stating they would not engage in any deal that could harm its legacy. Meanwhile, digital art platform MakersPlace announced its closure due to ongoing market challenges, allowing users until June 2025 to offload assets. In contrast, the NFT collection Mad Lads surged in value as Solana reached a new all-time high, while Ronin Network launched a $10 million grant program to support developers and expand its ecosystem.
about Yuga Labs Faces Backlash as CryptoPunks IP Sale Rumors Circulate