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Wylie Aronowthe co-founder of Yuga Labs’ Bored Ape Yacht Club (BAYC), has announced on Twitter that he will be taking time off from his role at Yuga Labs to focus on his health.
The co-founder of Yuga Labs announced that he has been diagnosed with congestive heart failure, with symptoms developing over the last few months.
Some heavy news: a few days ago I was told by my doctor that I have congestive heart failure. The symptoms started last year out of the blue and I put off seeking help (like an idiot) so I could continue working. But after testing, my doctor called and asked me to radically change my life.🧵
— GordonGoner.eth (Wylie Aronow) (@GordonGoner) January 28, 2023
According to Wylie, who said he lost his twenties to a chronic illness, he didn’t want to waste a second chance at life so he started Yuga Labs.
Saddened by the fact that he will no longer be on the front lines due to his illness, Wylie is comforted by Yuga’s future under the leadership of his other co-founder, Greg Solano. A new role will also be taken on by Daniel Alegre which he says makes him even more bullish.
Our very talented friend and co-founder, Wylie (@gordongoner) has the full support of Yuga’s entire family as he begins his journey to return to health. He will remain as strategic advisor and board member. https://t.co/GQieMko3xr
— Yuga Labs (@yugalabs) January 28, 2023
Wylie Aronow said he would stay on but as a board member and strategic adviser. He is pleased with what the community has achieved and says he believes Yuga’s influence on Web3 is just getting started.
This has not been a roller coaster ride for Yuga Labs, as in October 2022, it was reported that the United States Securities and Exchange Commission (SEC) is investigating Yuga Labs over whether the Bored Ape Club NFT Ethereum NFT and ApeCoin tokens are unlisted securities appearing online. As per reports, Yuga Labs was not accused of any wrongdoing, and thus charges cannot be pressed.
For official purposes, the ApeCoin token was not created or launched by Yuga Labs — it is issued by the Ape Foundation, which is chaired by a board that includes well-known Web3 developers such as Reddit co-founders Alexis Ohanian and Amy Wu. It seems that the strategy was chosen due to regulatory issues.
As reported by U.Today, ApeCoin (APE) gained some traction this week, possibly due to the momentum in the NFT market.
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