{"id":4694,"date":"2023-03-12T03:31:43","date_gmt":"2023-03-12T03:31:43","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/03\/12\/yuga-labs-co-founder-ensures-safety-from-svb-chaos\/"},"modified":"2023-03-12T03:31:43","modified_gmt":"2023-03-12T03:31:43","slug":"yuga-labs-co-founder-ensures-safety-from-svb-chaos","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/03\/12\/yuga-labs-co-founder-ensures-safety-from-svb-chaos\/","title":{"rendered":"Yuga Labs Co-founder Ensures Safety From SVB Chaos"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">The fallout of Silicon Valley Bank (SVB) on Friday has sent shockwaves throughout the crypto and tech industries. It left many companies feeling uncertain about their financial positions. However, Yuga Labs\u2019s Co-Founder Garga reassured the community that their event would not impact their business. In a recent statement, Garga provided much-needed relief to Yuga Labs\u2019 investors.<\/span><\/p>\n<figure id=\"attachment_43335\" aria-describedby=\"caption-attachment-43335\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-43335 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/03\/BAYC-Yuga-Labs.png\" alt=\"Image of BAYC by Yuga Labs\" width=\"1200\" height=\"630\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/03\/BAYC-Yuga-Labs.png 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/03\/BAYC-Yuga-Labs-300x158.png 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/03\/BAYC-Yuga-Labs-1024x538.png 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/03\/BAYC-Yuga-Labs-768x403.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/noscript><figcaption id=\"caption-attachment-43335\" class=\"wp-caption-text\">BAYC \u2013 Yuga Labs<\/figcaption><\/figure>\n<h2><span id=\"Yuga_Labs_Financial_Security_Commitment\"><b>Yuga Labs\u2019 Financial Security Commitment<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">After closely monitoring the <a href=\"https:\/\/www.ft.com\/content\/6943e05b-6b0d-4f67-9a35-9664fb456504\" target=\"_blank\" rel=\"noopener\">SVB fallout<\/a>, Yuga Labs\u2019 Co-Founder Garga\u2019s recent statement has provided much-needed relief to the community. According to Garga, Yuga Labs has \u201csuper limited exposure\u201d to the now-failed bank. This means that the company\u2019s finances will not be significantly impacted by the fallout. Garga also acknowledged that other crypto and tech companies might not be as fortunate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yuga Labs has a history of being proactive in protecting its finances. During the <a href=\"https:\/\/nftevening.com\/as-ftx-crashes-crypto-market-cryptopunks-nft-flip-bored-apes-again\/\" target=\"_blank\" rel=\"noopener\">FTX fallout<\/a> in November 2022, Co-Founder Gordon Goner reassured the community that the company\u2019s money was secure. According to him, funds were held in Coinbase Custody, bank accounts, and T-Bills. Goner also revealed that the company had moved its money out of FTX.us before the fall. This demonstrated Yuga Labs\u2019 commitment to financial security and risk mitigation. <\/span><span style=\"font-weight: 400;\">Goner also expressed sympathy for those <a href=\"https:\/\/nftevening.com\/the-top-3-blockchain-games-affected-by-ftx-star-atlas-aurory\/\" target=\"_blank\" rel=\"noopener\">affected by the FTX fallout<\/a>.\u00a0<\/span><\/p>\n<h2><span id=\"Yuga_Labs_Reassures_Investors_Amidst_SVB_Fallout\"><b>Yuga Labs Reassures Investors Amidst SVB Fallout<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Yuga Labs has been making a name for itself in the crypto space with its highly successful NFT project, <a href=\"https:\/\/nftevening.com\/bored-ape-yacht-club-the-avatar-collectibles-with-the-biggest-community\/\" target=\"_blank\" rel=\"noopener\">Bored Ape Yacht Club (BAYC)<\/a>, which has attracted a massive following, including high-profile celebrities like <a href=\"https:\/\/nftevening.com\/justin-bieber-jimmy-fallon-among-celebrities-sued-over-bayc-endorsements\/\" target=\"_blank\" rel=\"noopener\">Jimmy Fallon and Justin Bieber<\/a>. The success of this project has drawn attention to Yuga Labs\u2019 other ventures, such as Mutant Ape Yacht Club and others, further solidifying the company\u2019s position in the industry.<\/span><\/p>\n<figure id=\"attachment_86958\" aria-describedby=\"caption-attachment-86958\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><picture decoding=\"async\" class=\"size-full wp-image-86958\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape.png.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-300x169.png.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-768x432.png.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-100x56.png.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-150x84.png.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-450x253.png.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20675'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20675'%3E%3C\/svg%3E\" alt=\"Jimmy Fallon and a bored ape from BAYC\" width=\"1200\" height=\"675\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape.png 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-300x169.png 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-1024x576.png 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-768x432.png 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-100x56.png 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-150x84.png 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-450x253.png 450w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape.png\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"size-full wp-image-86958\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape.png.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-300x169.png.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-768x432.png.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-100x56.png.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-150x84.png.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-450x253.png.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape.png\" alt=\"Jimmy Fallon and a bored ape from BAYC\" width=\"1200\" height=\"675\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape.png 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-300x169.png 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-1024x576.png 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-768x432.png 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-100x56.png 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-150x84.png 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/fallon-bored-ape-450x253.png 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<\/noscript><figcaption id=\"caption-attachment-86958\" class=\"wp-caption-text\">Jimmy Fallon\u2019s BAYC NFT.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Yuga Labs\u2019 recent statement regarding the SVB fallout has provided reassurance to investors. It also showed that the company can handle any financial challenges that may arise. With a diverse range of investments, Yuga Labs has effectively mitigated its risk and secured its finances, positioning itself as a reliable player in the industry.<\/span><\/p>\n<h2><span id=\"SBV_Demise_Sent_Shockwaves_Through_the_Crypto_World\"><b>SBV Demise Sent Shockwaves Through the Crypto World<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The fallout of Silicon Valley Bank has had a significant impact on the crypto and tech industries. It caused widespread concern over the financial stability of many companies. However, Yuga Labs\u2019 Co-Founder Garga has reassured the community, stating that the company has \u201csuper limited exposure\u201d to the now-failed bank.\u00a0<\/span><\/p>\n<div class=\"bottom-text__subscribe\">\n<div id=\"mlb2-5802138\" class=\"ml-form-embedContainer ml-subscribe-form ml-subscribe-form-5802138\">\n<div class=\"ml-form-align-center\">\n<div class=\"ml-form-embedWrapper embedForm\">\n<div class=\"ml-form-embedBody ml-form-embedBodyHorizontal row-form\">\n<div class=\"ml-form-embedContent\" style=\"\">\n<h4><span id=\"Join_Our_New_To_The_Moon_daily_Newsletter\">Join Our New &#8220;To The Moon&#8221; daily Newsletter<\/span><\/h4>\n<p>Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts &amp; stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n<div class=\"ml-form-successBody row-success\" style=\"display:none\">\n<div class=\"ml-form-successContent\">\n<h4><span id=\"Thank_you\">Thank you!<\/span><\/h4>\n<p>You have successfully joined our subscriber list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\" data-lazy-src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\"\/><noscript><img loading=\"lazy\" src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\"\/><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/yuga-labs-co-founder-ensures-safety-from-svb-chaos\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fallout of Silicon Valley Bank (SVB) on Friday has sent shockwaves throughout the crypto and tech industries. It left many companies feeling uncertain about their financial positions. However, Yuga Labs\u2019s Co-Founder Garga reassured the community that their event would not impact their business. In a recent statement, Garga provided much-needed relief to Yuga Labs\u2019 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/SEC-probes-Yuga-Labs-over-alleged-sale-of-unregistered-offerings-min.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/4694"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=4694"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/4694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/4695"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=4694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=4694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=4694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}