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Yuga Labs launched the Bored Ape Yacht Club (BAYC) NFT collection in April of 2023. It was barely a year ago. However, in this short amount of time, the company has seen massive growth. And that’s putting it mildly.
Bored Ape Yacht Club is the world’s most valuable NFT collection. If you took all the NFTs in the collection and sold them, you’d make more than 1.09 million ETH. That’s about $3 billion dollars (at time of writing). As such, it’s not really surprising that a leaked pitch deck showed Yuga Labs made a net revenue of $137 million in 2023.
For 2023, they set their targets much higher. Ultimately, the company aims to bring in nearly half a billion in revenue, setting its targets at a very healthy $455 million. But how can one company possibly hope to achieve so much when, just a year ago, they effectively didn’t exist?
By taking on Mark Zuckerberg’s Meta and dominating the metaverse.Setting sail for a new land
Yuga Labs’ massive metaverse initiative will begin with virtual real estate.
Their forthcoming virtual world is called “Otherside.” The team bills it as a MMORPG (Massively Multiplayer Online Role-Playing Game) that’s connected to the NFT ecosystem and more. In this respect, Otherside is more than just a virtual world. It’s a metaverse. “We want to build something that expands the universe of the BAYC, but also invites the larger NFT community (and those priced out of BAYC membership) to join,” the company explained in its leaked deck.
Yuga Labs plans to begin this initiative by selling virtual land as NFTs. These will be linked to plots in the Otherside metaverse game. In each case, the plots will come with distinct traits, like unique natural resources, artifacts, and rare characters. In the deck, the team noted that 200,000 plots will be distributed in two sales in March and August.
From these two sales alone, the company projects they will earn $356 million dollars.
There will also be an in-game app store that Yuga Labs plans to use to increase revenue and expand its reach in the metaverse. Individuals will be able to use the system to create characters from NFTs they own. They will also be able to accessorize these characters using NFTs.The long-rumored ApeCoin is here
Yuga Labs has also built a wider media empire around the BAYC NFT series. They recently launched their much-hyped ApeCoin, which is called the $APE token. It will be their primary token for all of their products and services.
Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3. 🧵
— ApeCoin (@apecoin) March 16, 2023
Notably, Yuga Labs launched this token in coordination with a host of other major players, though the company has a sizable voting share when it comes to the governance of ApeCoin. Yuga Labs also gets a significant chunk of the money earned from the coin.
These partnerships are critically important, as the partners will also be using the tokens in their projects. For example, one of the world’s largest blockchain game developers, Animoca Brands, announced that it will let users purchase NFTs in its play-to-earn (P2E) game called Benji Bananas using ApeCoin. More games and projects will likely be making similar announcements in the coming months, enabling Yuga Labs to extend their reach into the metaverse even further.
Yet, although ApeCoin will be used as in-game currency, the token will likely be more impactful as a general-purpose digital currency. ApeCoin will get listed on exchanges like Coinbase, Voyager Digital, Binance, Gemini, and eToro. The team plans to use a portion of the money it raises from it to create merchandise and events, which (of course) only increase their revenues and brand loyalty.
According to Statista, Meta generated about $115.66 billion in revenues through its family of apps in 2023. Their most notable apps (Facebook, Instagram, Messenger, and WhatsApp) dominate both the social media and communications ecosystems.
At the present time, Yuga Labs can’t really compare to that. But remember, they have only been around a year. And they’ve already started to consolidate by acquiring their competitors. This year, they bought both CryptoPunks and Meebits from Larva Labs. Although it’s too soon to predict who will ultimately control the metaverse, there is good reason to suspect that Yuga Labs at least has a fighting chance.
It remains to be seen whether they will be just and equitable rulers.
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Summary: OS/390-z/OS vendors are increasingly utilizing different tactics (e.g., subscription charges) in an effort to improve revenues. As customers continue to rely on mainframe technology, caution must be exercised to ensure existing products and technology are protected.
The continuing tight z/OS (new operating system) growth market and general economic conditions are pushing software vendors to tweak policies at the expense of customers. The newer tactics carry longer-term cost and infrastructure issues that will impact IT organizations into the future (e.g., lessened support, new-version charges). Customers must position and prepare for potentially difficult negotiations around these topics.
We believe that, by mid-2002, OS/390-z/OS independent software vendors will increase pressure to renegotiate enterprise licensing agreements due to expire by 2004. Modest z/OS growth rates will result in increased use of alternative tactics to force customers to sign agreements (e.g., version upgrade charges) and, through 2002, vendors will continue to change pricing models and support procedures to improve overall profitability.
By 2006, 30% of mainframe software products, predominantly those inherited from acquisitions, will lack adequate vendor support resources. Through the same period, 20% of OS/390 products will be relabeled and charged as new z/OS products. Through 2005, customers failing to recognize and negotiate firm contract terms and conditions will pay 20%-30% higher product costs and incur a higher risk of failed support.
During the past three years, competition has dramatically increased within the OS/390 tool market, pressuring these vendors’ financial results. z/OS software vendors were not accustomed to competition and, though many vendors are adapting, most are not well prepared for a truly competitive environment. Coupled with competition, the customer base is beginning to dwindle. The smaller, higher margin (from a vendor perspective) customers are finding total cost of ownership of Unix/Win2000 solutions a better fit for business needs. The remaining mainframe customers typically have established and seasoned negotiators that decrease overall margins for vendors. This leaves vendors with a smaller subset of customers, resulting in a flat revenue stream.
Legacy product suites are also becoming more onerous to support as customers continue to use obscure products. Low-utilization products add significant vendor burden as the customer base falls below critical mass, leaving vendors with a unsavory decision – reduce product support levels, which is unacceptable to customers, or reduce profits to retain customer satisfaction, which is unsatisfactory to shareholders. Although most mainstream products will remain well supported, customers are finding that little-used products brought in during data center consolidation can often carry support problems. (This is especially true when the product development had stagnated on a previous version of operating systems.)
In close association with an overbroad product suite, recent problems recruiting and retaining experienced mainframe personnel are problematic for vendors. The mainframe analyst experience pool is retiring, leaving younger, less experienced analysts with fewer mainframe skills. Increasing pressure resulting from vendor reductions in force and employee dissatisfaction will continue the struggle of supporting legacy products, while additional talent drain will result from the increasing shift to Unix/Windows Data Center Edition product lines.
The confluence of issues will drive OS/390-z/OS independent software vendors to reduce overall costs. We project that a marked increase in activity will occur across several customer areas. The first, subscription licensing, carries significant impact to customers. Although initial representations will indicate that the shift toward subscription is a revenue-smoothing exercise, customers will typically lose rights during the transition, ultimately leading to higher costs (though the near-term costs may seem palatable). In addition, due to the nature of subscription licensing, there is no commitment or assurance that the product will even be available for licensing in the future. This loss of control over product use rights can lead to higher costs or, worse, loss of rights to use the products, thereby creating business interruption. Customers considering subscription licensing must ensure safeguards are in place to protect long-term interests. Any enterprise license agreement negotiations must also incorporate terms and conditions to ensure support for all products continues through the end of agreement. We recommend customers pursue penalty clauses to ensure compliance.
There is an increasing trend toward new product charges for subsequent versions or new operating systems. Several years ago, Sterling Commerce led the charge on this paradigm with the upgrade charge for Connect:Direct for MVS to S/390 charges. More recently, charges have been seen for upgrades to new versions on former Platinum products. Asset managers must review all new contracts for weak terms and conditions that allow any charge for upgrades, ensuring that rights to subsequent products are clearly defined (not then current vendor policy).
Another area where customers will see surprises will be in subcapacity licensing. Although many customers believe subcapacity licensing will improve existing costs, we believe 50% of customers will find improved costs only through new licensing arrangements. Customers will be forced to acquire new licenses to qualify for subcapacity licensing. While this is arguably optional, many customers will want to exploit it as z-Series mainframes increase in penetration. We recommend customers cautiously plan and execute migration to z-Series mainframe, integrating the plan with strong software asset management principles.
To prevent surprises, customers should utilize portfolio management tactics to balance the risk of waning vendor support and potential increased cost. Customers should understand the time to retirement and the cost to convert software, and that they may experience support disruption. Included in this analysis should be the cost of business interruption in event of product failure. Customers should monitor response time on product support questions to understand whether there is a deterioration in the level of support. User groups can also be beneficial in determining adequacy of a vendor’s staffing level. Vendor mail notifications should be reviewed for critical information on product sunset dates (these letters are often lost in corporate mailboxes). In addition, customers should ask the vendor direct questions regarding whether existing products will be supported long term or under new operating systems (e.g., z/OS).
Business Impact: Tight economic conditions are spurring a contraction of software vendor support policies, leading to potential business interruption and increased systems cost.
Bottom Line: Asset managers must increase efforts at controlling contract terms and conditions to ensure cost, risk, and vendor support are tightly defined, preventing untimely business interruption and budget surprises.
Research shows that the average concertation time for adults is two hours. But, some people go for only one hour before their mind switching off. It’s terrible if you have an upcoming end-of-semester exam or a bulk of informal essays. Here are some tips to help you study without getting bored.How to Study Without Getting Bored Reward your efforts
Look for ways to reward you after studying for a long. It will help you to always look forward to another study time. For instance, you can go out with friends or watch a movie. But, your reward system should be dynamic.
Otherwise, your brain will get used to it and stop responding with excitement. So, you need a long list of how to celebrate your wins.Set a studying limit
Also read: Top 5 Automation Tools to Streamline Workflows for Busy IT TeamsTake breaks
Allow your head to break after a rigorous research. Pupils believe because they have a massive portion to see, having fractures is a waste of time. They wind up studying five chapters simply to comprehend two segments.
It is not the quantity of content you browse but what your mind keeps after two or three days. Alternate units do not read exactly the identical thing for long-term. Have a maximum of 3 hours to see a unit and alternative with different subjects.
The technique applies even during examination time. If you have to read one unit a day, make sure you have fractures and just study at the utmost time. Reading the identical thing for extended will make you forget anything you’ve read previously.
Instead, start looking for an essay writing support out of the world wide web that will assist you manage your tomorrow’s newspaper rather than wasting time studying failing and long.Study as a group
The ideal way to enjoy analyzing is by linking classes. They invite you to remain in your publications provided that you see how other men and women take their studies seriously. You’ll also focus more after understanding that you’re not the only one studying.
Also read: 7 Best Woocommerce Plugins to boost your Store you must knowPut away distractions
You get bored once you begin studying since you can not compare books with a continuing soccer game in your tv. Thus, once you’re not looking for an examination, you readily replace your novels with the series.
Make sure you proceed to a location free of distraction. If you reside in a distracting environment, it’d be better to stay in college or visit a library.
You’ll have more time with your novels. Nonetheless, you ought to be decided to read since it’s possible to carry your telephone and keep watching the match together with your earphones.Be disciplined
Your study guidelines will not be effective if you are not disciplined. You need to remain true to your word if you want to have a happy reading time.
Also read: Top 10 Successful SaaS Companies Of All TimesHave an accountable partner
Ask a friend to watch over your studying behavior. Give them the power to fine you or inflict any form of restrictions if you break your reading rule. For instance, for every chat during study time, you will donate ten dollars to an NGO.
Giving middle and high school students a chance to reflect on the past year and look ahead to the next can be very beneficial.
As the end of the school year approaches, many middle and high school teachers find themselves faced with less structured time and more opportunities to engage students in community-centered activities. We can dedicate some of this time to meaningful end-of-the-year activities to help our students acknowledge and celebrate the growth they have made while also setting goals for the future.
4 End-of-the-Year Activities
1. Letters to the future. For this activity, students write a letter to themselves one year in the future. Students are allowed to write anything they want, but I encourage them to focus on what they would like to be true in a year. For some students, this might mean writing about how they are now on the varsity basketball team, are captain of their debate club, or have an A in science class.
The possibilities are endless, and I remind students to include both academic and personal goals for themselves.
In order for this project to work effectively, you can either hold the letters and deliver them to students the next year, or work with your school to have the letters sent home.
While teaching sixth grade, I held on to all the letters and then returned them to the seventh graders at the end of the next school year. This was easy to do, as all of my students were still in the same building. For students who are transitioning from one school to the next, it might be easier to work with your school’s front office to mail the letters home.
2. Thank-you notes. Another option for helping students reflect on the year is writing thank-you notes. For this activity, I simply provide blank thank-you cards to students and encourage them to write at least one note to someone in the school and one note to someone outside of the school. Many of my students take the opportunity to write thank-you notes to their parents, friends in the class, teachers, or athletic coaches.
This is one of my favorite end-of-the-year activities because it creates such a positive environment in which students feel grateful for all they have accomplished and are able to acknowledge the people who helped them do it.
You could easily just provide students with blank paper for this activity and even alter the directions to make it more academically focused. For example, you could require that students write at least a certain number of sentences or use specific vocabulary words they have learned over the course of the school year.
3. Performances. This next option is a great way to let students show off all the amazing things they have accomplished over the past year that might not be academic. To effectively engage students in this kind of activity, I provide at least two weeks’ notice so that any students who want to perform can prepare.
In the past, I have had students sing, read poetry, and dance. I have also had a few students present drawings or paintings they had done at home or in outside art classes.
You can decide what types of performances you want to focus on and can even tie them to academics by having students read short stories they wrote in English or perform a skit they wrote in their foreign language class.
I have tended to allow students to show off whatever aspect of their talents they wanted, as many do not have the opportunity to be in the spotlight if their talents are not academic. I have utilized my school’s gym and cafeteria in the past for performances, but the classroom can also work well as long as you are intentional about setting it up.
4. Vision boards. This last activity encourages students to think about what they want their futures to look like. Students are given a poster board and tasked with creating collages that illustrate their future goals and the people, words, and phrases that inspire them to achieve those goals.
A few days before I plan to do this activity, I tell students to start collecting photos or magazines that they might want to use on their vision board. Several students always ask to use the printers at school for their images, so it’s helpful to be prepared to let students access computers and printers when completing this activity.
Many of my students include a picture of the college they want to attend or the professional sports team they hope to play for. I have seen students include photos of their friends, family, and other inspirational figures. Once all students are finished, I have allowed students to share their vision boards in small groups or in front of the entire class. It’s an incredible opportunity to hear students speak about their dreams, goals, and futures.
Lenovo says it’s crossed a huge milestone with its ThinkPad line that’s impressive even if you say it without the Dr. Evil pinkie to the lips: 100 million.
That sales figure, of course, goes all the way back to 1992 and the ThinkPad 700 when Big Blue was hawking the line.
IBM, as we all know, gave up on the PC in 2004 and sold its PC division to Lenovo in a move that was first seen as prescient, but these days might be seen as trading away a graying quarterback who then goes on to win the Super Bowl the next season. Current events record Lenovo as the top PC vendor in the world, selling one out of every five PCs, while IBM has been in the doldrums for the last couple of years.
To mark the event, Lenovo said it actually pulled out ThinkPad No. 100,000,000, named it Eve and will be letting her (yes, it’s a she) Tweet throughout the year. I’m hoping to snap a selfie with Eve at CES.
Lenovo is also apparently celebrating by giving its ThinkPad lineup a refresh using Intel’s latest 5th-generation CPUs. That’s pre-announcement-speak for Broadwell, of course.
The most notable refresh is the benchmark for most commercial Ultrabooks: the ThinkPad X1 Carbon.
For the most part the ThinkPad X1 Carbon hasn’t changed much in external appearance since 2012, when it was first shipped with Intel 3rd-gen Ivy Bridge chips. The X1 Carbon saw one refresh last year with a 4th-gen Haswell Intel CPU, and now Lenovo is back with a 5th-gen Intel CPU version. Broadwell’s big promise is slightly better CPU performance, a better GPU and longer battery life, too. Lenovo says the X1 Carbon will hit 10 hours of run time on a charge.
Lenovo says it is now also offering a PCIe-based SSD, but we’re not clear on how that’s changed from the previous model’s M.2 SSD. I’ll let you know if I’m able to dig more info out of Lenovo during the chaos of CES.
Weight remains the same at 2.87 lbs, and Lenovo still claims the X1 Carbon is the “lightest 14-inch Ultrabook around.” The price of the X1 Carbon starts at $1,250 and moves up as you ladle on options. Lenovo
The 2023 refresh of the ThinkPad X250 gets a 5th Intel CPU too.
The ThinkVision X24 is aimed at business customers who apparently care what a computer monitor looks like.
The ThinkVision X24 is 7.5mm at its thinnest section and offers a 1920×1080 resolution with HDMI and DisplayPort inputs, which we’re going to assume are HDMI 1.4 and DisplayPort 1.2 respectively. The monitor will start at $250.
The new ThinkPad Stack offers several Road Warrior features, including a nifty Bluetooth module that acts as a WiFi hotspot from your phone.Mad Max: ThinkPad Stack
And just in case the road warrior doesn’t have enough crap jammed into the laptop bag, Lenovo is releasing its new ThinkPad Stack, which offers a modular approach to all the things you may or may not need.
One slice offers a 1TB USB 3.0 hard drive, another a 2-watt Bluetooth Speaker with noise-cancelling mic so you don’t have to take those VoIP meetings using the tiny laptop speakers and mic. Another slice offers a 10,000mAh charger for phones and tablets. The last slice is a hotspot access point that connects via Bluetooth to your LTE phone.
Although full details weren’t immediately available, it sounds like you essentially connect it to any LTE phone via Bluetooth and the ThinkPad Stack acts as a WiFi acces point—perhaps without the permission of your carrier. Nothing like having AT&T or Verizon and Marriott Hotels gunning for you. The stack cleverly sticks together using magnets.
How’s this for a value proposition you can sell?
You have a customer who is complaining about the rising cost of equipping their employees with the proper technology. Everyone wants a computer at their desk, another one at home, a tablet and a smartphone. Beyond the acquisition cost, there’s the cost of managing all of those devices, keeping them all patched and updated with the latest operating system updates, and maintaining the integrity and versioning of the data across all of them.
You suggest to this customer that they equip every one of their employees with a smartphone. Just a smartphone.
They, of course, look at you and say, “But my people don’t need a phone. We use voice over IP.”
“So,” you respond, “get unlocked devices and don’t use them as phones.” When the customer replies that you can’t get smartphones without phone service from any carrier, you ask that they please let you explain.
An Unlocked Phone: It Could be the Only Device a User Needs
You then introduce them to the Samsung Galaxy S8 and Note8. You point out that the Infinity Display gives them much more viewable real estate, making it possible to compose emails or edit documents directly on the phone using a Bluetooth keyboard and mouse.
Before they can protest, you then introduce them to Samsung DeX, the desktop experience from Samsung that allows them to dock their Galaxy S8 or Note8, and instantly connect them to a full-sized monitor, keyboard and mouse. They begin to smile as they see all the Galaxy apps on the full screen, but then remember that their people use Windows.
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“Just stop and think about this for a moment,” you suggest. “Your user has a smartphone that they can easily carry around with them wherever they go, and they won’t even be stopped in countries or by airlines who are now prohibiting larger electronic devices.”
Additionally, you explain to them that it’s much less expensive, as all you need to provide is a monitor, keyboard and mouse at their desk, and connect to DeX. And if you want to invest in equipping them to work at home, you won’t need to purchase a computer; they can use any monitor (or even a TV) that supports HDMI, and your existing keyboard and mouse. They’ll just need to add a DeX station.
When employees are traveling, most of their hotel televisions will have an HDMI port. Provide them with a video cable, foldable keyboard, mouse and DeX to bring with them, and they can work in most any hotel. In the worst case scenario, they can work on the smartphone itself using the Android versions of the Microsoft Office suite. Otherwise, they access their fully managed VDI desktop and get to work. Best of all, they enjoy a consistent, robust user experience that is the same wherever they’re working, providing maximum comfort and productivity.
“It also opens up a whole new world of application opportunities for you,” you tell your customer, “with applications that are designed for mobile users to collect data, survey sites, collect customer input and more. Now your users can get back to their desks and immediately begin using a full-screen approach to analyzing and summarizing the data collected. It creates a whole new world of possibilities.”
“But,” your customer protests, “how are we going to get phones without phone service?”
Unlocked by Samsung
You reply that you can now provide them with devices that are Unlocked by Samsung, which means they enjoy the full backing, warrant and support of the manufacturer. You’ll still want 4G-LTE service for those users who don’t spend all their time within range of Wi-Fi, but you can now choose the carriers you want based on where your users are and what services you prefer.
One computing and communicating device to manage, equipped with Knox defense-grade security, now easily usable in a full-screen format. Fewer file transfers, no Windows upgrading, updating or patching required at the device. Lower management costs. Lower support costs. Lower security costs.
Now, how’s that for a value proposition you can sell?
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