On October 5, the Bored Ape Yacht Club (BAYC) NFT project announced the formation of its first community council, which is made of seven specifically selected members of the BAYC community. The main purpose of the council, according to BAYC, will be to work with Yuga Labs, BAYC’s parent company, “to uplift community-driven initiatives such as commercial projects, meetups, charitable giving, and other community-led ideas.”
The selected council members are active members of the Bored Ape Yacht Club community, who Yuga Labs described as “longstanding proactive community members.” Each council member should focus on gathering and curating BAYC community feedback and channeling that into practical initiatives that can be implemented by Yuga Labs. The members of the council each have backgrounds related to being involved in Bored Ape projects and community events: 0xWave, Josh Ong, Laura Rod, 0xEthan, Negi, and Peter Fang.
Essentially, this appears to be a community-driven advisory board that should solicit opinions from grassroots members of the Bored Ape Yacht Club. A lot of NFT projects pay lip service to the idea of listening to their community. Let’s see if BAYC can deliver on that promise. They have accomplished step one of setting up a council, but we will wait and see if Yuga Labs actually implements feedback from the council.
As one of the world’s most high profile NFT projects, however well this ‘community council’ experiment goes will be highly influential to the rest of the NFT world. And as Yuga Labs mentioned in the press release regarding the council, it seems likely that similar councils might be created for other Yuga-owned NFT projects like CryptoPunks and Meebits.