Yuga Labs confirms cause of ApeFest attendees’ eye issues
Yuga Labs, creator of Bored Ape Yacht Membership, in the present day confirmed the reason for the attention points reported by attendees of its signature occasion final weekend — and stated it’s “dedicated to supporting the restoration of anybody affected.”
Yuga Labs stated in a put up on BAYC’s X account that it started to obtain studies on Sunday from some ApeFest contributors and workers members that they skilled eye ache, imaginative and prescient points or pores and skin irritation after attending the Saturday evening occasion.
The NFT assortment creator stated it had performed an intensive investigation and that it decided, alongside the occasion organizer Jack Morton Worldwide, that UV-A emitting lights put in in a single nook of the occasion had been possible the reason for the reported points associated to attendees’ eyes and pores and skin.
“Neighborhood is the guts of Yuga and the aim of ApeFest is to carry the group collectively IRL,” Yuga Labs stated. “We’re saddened that this incident has detracted from the expertise of ApeFest attendees.”
Navigating downturns
The incident got here with Yuga Labs navigating a big downturn within the NFT market. Final month, Yuga Labs introduced a firm restructuring and layoffs and noticed its quarterly royalty income plummet to $2.5 million within the third quarter of this yr — in comparison with $8.7 million in the course of the first quarter.
The BAYC assortment’s flooring worth fell 55.6% from the start of this yr to 30.86 ETH ($59,200), in line with NFT Worth Flooring knowledge. The ground worth of the Mutant Ape Yacht Membership, one other Yuga assortment, fell 62.8% throughout the identical interval to five.77 ETH, the knowledge confirmed.
