Yuga Labs, the father or mother firm and creator of Bored Ape Yacht Membership (BAYC), introduced the extremely anticipated return of its huge in-person occasion, ApeFest 2023, which might be happening in Hong Kong from November 3 to November 5.
Regardless of the general NFT market decline, together with the drop in worth of the BAYC and Mutant Ape Yacht Membership (MAYC) collections, the return of ApeFest goals to reinvigorate the Ape group’s belief within the model and general pleasure of holding the business’s landmark PFP that has served because the forefront of a brand new type of social and cultural identification and expression.
Increasing past NYC
Shifting from a three-day live performance occasion to a multi-faceted three-day conference, Yuga and BAYC are embracing evolution to remodel alongside their rising group and market demand. This begins with ApeFest detaching itself from NFT.NYC and exploring new places and new cultural integrations.
Not like final yr’s ApeFest, which came about in New York Metropolis throughout NFT.NYC, this yr’s occasion in Hong Kong won’t be music-centric however somewhat a wholly “new journey” that prioritizes metropolis exploration and accessibility by means of hidden native gems and a digital expertise for individuals who can’t attend IRL, based on the ApeFest web site.
Entry to ApeFest is free for all apes however continues to be restricted to solely BAYC and MAYC holders (and their plus ones) with a displaying of a legitimate ticket by way of the tokenproof app. In efforts to protect tickets for these apes who can attend IRL, the collective is implementing a refundable deposit that might be returned as soon as a holder is scanned in.
Certainly, the long run does appear shiny for Yuga and BAYC as they give the impression of being to increase past simply the NFT group and right into a multi-faceted cultural phenomenon and conference infrastructure.
