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Binance Ends Support for BUSD Stablecoin: What It Means for Users and the Future of Stablecoins

Binance, one of the largest cryptocurrency exchanges in the world, has made the decision to end support for its Binance USD (BUSD) stablecoin. This move comes after Paxos, the company responsible for minting new BUSD coins, announced that it would be halting its operations. The transition is set to take place on December 15th, and it will have significant implications for users of the BUSD stablecoin. Automatic Conversion to First Digital USD Starting on December 31st, many users' BUSD balances on Binance will be automatically converted into First Digital USD. This conversion will take place seamlessly, and users will not be required to take any action. The transition is designed to ensure a smooth and uninterrupted experience for BUSD users. Implications for BUSD Users While the automatic conversion should minimize any disruption for BUSD users, it is important for them to be aware of the implications of this change. Once their BUSD balances are converted into First Digital US

# Bored Ape Yacht Club CEO Reflects on Game Development Challenges and Ambitions in Candid Essay

t-month delay in delivering the promised roadmap for the Bored Ape Yacht Club and the disappointment it caused to the community. He expressed his commitment to improving communication and transparency moving forward.

In his essay, Daniel Alegre, the CEO of Bored Ape Yacht Club creator Yuga Labs, openly addresses the challenges and shortcomings the company has faced in game development, particularly with their upcoming metaverse game Otherside. Alegre acknowledges that while Dookey Dash was a successful and enjoyable game, their HV MTL Forge game fell short of expectations. HV MTL Forge, a social building and mech management game, failed to generate the same level of excitement and engagement as Dookey Dash.

Alegre highlights the importance of learning from these experiences and recognizes the need to collaborate with seasoned gaming partners to improve their game development processes. This realization led to a restructuring within Yuga Labs, which involved laying off some U.S. staff members. The acquisition of Roar Studios was also a part of this restructuring.

The CEO's Twitter post delves into the various NFT collections and initiatives that Yuga Labs has launched over the past six months, including Bitcoin Ordinals TwelveFold and the relationship dynamics between CryptoPunks NFT owners and Bored Ape NFT owners. Alegre's observations provide insight into the company's journey and the lessons they have learned along the way.

While Alegre emphasizes that Yuga Labs is not solely a gaming company, he expresses his desire to enable gaming and other digital experiences that are rewarding and enjoyable for their current and potential holders. He sees these experiences as a means to introduce a broader audience to their brands.

Alegre also addresses the eight-month delay in delivering the roadmap for the Bored Ape Yacht Club, acknowledging the disappointment it caused within the community. He recognizes the need for improved communication and transparency moving forward.

Overall, Alegre's essay offers a candid look into the challenges and setbacks Yuga Labs has faced in game development. It highlights the company's commitment to learning from these experiences, collaborating with gaming partners, and delivering rewarding digital experiences to their community. With an emphasis on improved communication and transparency, Yuga Labs aims to regain the trust and excitement of their audience.


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