Global #BAYC

Yuga Labs, the business behind the non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), has announced yet another layoff and company restructure in just over six months. Greg Solano, the company's CEO and co-founder who assumed the role in February, made this announcement.

NodeMonkes recorded sales of over US$1.05 million on Thursday, propelling the company to the top of the non-fungible token (NFT) market.

Because of the persistent bearishness in the cryptocurrency market, the floor price of the Bored Ape Yacht Club's (BAYC) blue-chip NFT collections is currently at an all-time low. In a recent X post, Colin Wu's media highlighted this trend.