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Bored Ape Yacht Club Creator Calls Leaked Pitch Deck Outdated: 'F*ck Doing Expected Things'

Cryptocurrency Mar 16, 2022 09:10
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Bored Ape Yacht Club Creator Calls Leaked Pitch Deck Outdated: 'F*ck Doing Expected Things'

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.

Bored Ape Yacht Club Creator Calls Leaked Pitch Deck Outdated: 'F*ck Doing Expected Things'
 

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