Yuga Labs has been busy for the last couple of months with the organization restructuring every aspect of the company.

Since October 2023, the company has been seen changing its higher-ups with some management levels leaving the company, which are being replaced by new ones.

The new step was introduced by the creator of the Bored Ape Yacht Club NFT, which has decided to step in and help the company operate in 2024.

With this new step, some things changed, including the sale of their IPs on two of their prominent games.

Yuga Labs is Restructuring the Company

The C-levels of the company have been coming and going recently after the reshuffling of the management levels.

However, human resources aren't the only focus of Yuga Labs in this restructuring process, as they seem to be creating new partnerships to boost their dominance in the GameFi and NFT Space again.

This includes the recent sale of the intellectual property or IP, of their two most prominent games, which are Legends of Mara and HV-MTL.

Yuga Labs sold the IP of the two games to Faraway, a Web3 Gaming Firm that lets developers create their games through tools that Faraway provided while helping them market their games to players.

It is essentially a venture firm that helps new Web3 Gaming projects grow in the crypto space so that their idea can be funded and guided to success.

The sale of Yuga Labs’s games is not a financial move, rather it is a strategic move to onboard Faraway into Yuga Labs’s ecosystem.

The company is not looking for any funding or financial aid from Faraway, but they want a strategic partnership so that they can be helped in terms of marketing and the development process of their future games.

$APE’s Potential Bullish Movement

After this sale was announced, the community reacted positively, as the buying volume of $APE started to increase after the news.

$APE is the crypto token that was created by Yuga Labs to be used as a governance and utility token among its products.

It has been overshadowed by the Bored Ape Yacht Club NFT Collection, however, it still has potential, since the NFTs are less affordable for everyday users.

This is why when an investor wants to capitalize on the growth of Yuga Labs, they would much rather buy $APE rather than the NFT, which means this new restructuring plan might have a positive impact on $APE.

$APE’s Chart / Source: Tradingview

Looking at its current movement, it can be seen that there is a potential for $APE to go up by 38% with a risk-to-reward ratio of 1:3, which can be considered a good position to buy into it.

The good news is that this is a long position, which means that investors can also join by buying it on the spot market.

One of the ways investors and traders can buy this token safely is through Bitrue, which accommodates users to buy $APE with $USDT.

But remember to always use proper risk management as $APE’s volatility is still considered to be slightly higher than most GameFi and NFT-related tokens in the market.

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