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Yuga Labs, the company behind its flagship collection Bored Ape Yacht Club(BAYC), is now bringing their non-fungible tokens (NFTs) into 3D.
The announcement was made on 24 April via X, Twitter. This coincided with the collection’s third anniversary. “Bring your Apes to life,” This post explains how to convert NFTs from BAYC’s official website into 3D models.
The holdings section of the website allows users to select their NFT and download it as 3D in different formats including FBX GLB Blender.
Community members have embraced X with images and short animated clips showcasing animated Apes.
As an example, a person known as @badte_eth posted a video showing his Ape skating.
One more user: @babyape113 shared A clip of him dancing like an ape.
The move is part of a project to engage the community and provide new opportunities for NFT owners. The collection has faced some challenges in recent months, as the price of the NFT floor fell to just 11.08 ETH, its lowest level since the beginning. lowest point From August 2021.
DappRadar states that trading volumes for this collection have decreased by 25% over the last 30 day period, and a 47% decrease in sales has been recorded in the past 24 hours.
Yuga Labs was forced by these challenges to make some strategic decisions, which included restructuring. employee layoffs. The company stated that it needed to focus its efforts on future operations.
Yuga Labs’ challenges are not unique. eBay acquired the NFT platform KnownOrigin on June 20, 2022. downsized its workforceThe reduction is rumored to be 30 percent. In November 2023 the same thing will happen. Opensea underwent its own Downsizing is a measure that can be taken.
In 2023 the NFT market was a tough one, marked by legal uncertainty and downturns. Many projects including major players such as GameStop You can also find out more about the following: StarbucksIn the face of a changing landscape, many have abandoned their NFT programs.
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Source: blog.cryptoflies.com
