Yuga Labs, a big player on Web3, said it has put together a community council made up of seven active Bored Ape Yacht Club (BAYC) NFT holders.
In a blog post released on Wednesday, Yuga said that the council members, called “long-standing proactive community members” will focus on getting feedback from the community and putting it together, as well as leading charitable efforts.
Yuga also said it intends to keep the council “autonomous,” which means it won’t be run by the multibillion-dollar startup. Users are encouraged to bring their own ideas for upcoming projects and share them with the group.
NFT are now a very essential part of Web3. Communities based on NFTs often get together on Twitter Spaces, Discord servers, Telegram groups, and at token-gated conferences and parties, as well as in real life. And the “community” of an NFT collection can be a reason for a trader to make a purchase or sell their digital asset.
The fact that Yuga set up a community council shows that the company takes its NFT holders seriously and wants to give them a clear way to share their ideas and concerns.
Apes, we wouldn’t be where we are today without our incredible community. We’re excited to announce the first BAYC community council made up of 7 long standing proactive community members to work alongside us moving forward.
— Bored Ape Yacht Club (@BoredApeYC) October 5, 2022below
“This council, and future councils to come, puts a more formal, efficient and consistent process in place for Yuga leadership to get community feedback and advice on an ongoing basis,” the company wrote in its post.
Newly-appointed council member Wave, aka 0xWave, told: “mainly to serve as aggregators of community ideas and sentiment rather than over-inject my personal preferences.”
Wave also said that he wants BAYC holders to learn more about crypto security, especially when it comes to protecting their valuable NFTs. Dune data shows that 413 Bored and Mutant Ape NFTs are marked “stolen” on OpenSea right now.
“Holding these assets puts a target on your back to bad actors,” he said.
But how do the people of BAYC feel about the new council? Some people are sad that they didn’t get picked, and maybe even a little bit angry.
“I’m not mad I’m not on the official BAYC community counsel [sic] I just want to know what I’m doing wrong,” a Bored Ape who goes by Storm wrote on Twitter in response to the news.
“I would advocate for not seeing the current council as forever enshrined, but rather a first iteration,” Wave replied.
Several people on Twitter were also surprised that “ThreadGuy,” who owns a Mutant Ape, didn’t make the cut.
Apes, we wouldn’t be where we are today without our incredible community. We’re excited to announce the first BAYC community council made up of 7 long standing proactive community members to work alongside us moving forward.
— Bored Ape Yacht Club (@BoredApeYC) October 5, 2022below
Even though the council members may be hopeful, the reactions on social media are not all the same. One person who owned a Mutant Ape liked what Yuga said and said that the council “is exactly what Web3 is all about.” Others, like tech reporter Asa Hiken, pointed out that Yuga “personally selected who will represent the community, as opposed to a vote amongst holders.”
It is not clear what criteria Yuga Labs used to choose the final council members or how they were chosen. Yuga Labs hasn’t said anything yet.
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