Yuga Labs, the company behind the widely popular Bored Ape Yacht Club (BAYC) NFT collection, dismissed a Tuesday report from The Block containing a leaked pitch deck that outlined the company’s upcoming plans.
What Happened: The deck obtained by The Block was last updated in February and reportedly contained sales projections, information about Yuga’s new metaverse initiative, and a planned token sale.
According to it, Yuga Labs projected its revenue to reach $455 million in 2022, primarily driven by its new product offering – virtual land sales.
That will reportedly be the first phase of the company’s metaverse initiative as the company seeks to diversify away from selling cartoon ape NFTs.
See Also: https://www.benzinga.com/money/celebrities-that-own-bored-ape-yacht-club-nfts/
Yuga Labs co-founder CryptoGarga responded to the leak on the community’s Discord channel.
From @CryptoGarga himself.Don't believe everything you see.