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Yuga Labs to Donate $1 Million to Education and Art Initiatives in Miami

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Wylie Aronow and Greg Solano, the co-founders of Yuga Labs, are to lead an education and arts initiative in their native city of Miami. The funding will expand arts and STEM education access in underserved communities.

Yuga is staying true to its roots and giving back to the place where Bored Ape Yacht Club was founded by supporting Miami-based initiatives. Yuga co-founders Wylie Aronow and Greg Solano are proud Miami natives, as is Yuga Labs CEO Nicole Muniz. 

Growing up there allowed them to witness the community’s vivacious energy, diversity, and immense potential directly. As part of this dedication to their community, additional groups with a focus on diversity, education, and the arts are actively being explored.

The initiative will start with a $300,000 contribution to the Venture Miami Scholarship Fund. The program, which was founded in collaboration with the City of Miami, enables those in financial need to pursue a bachelor’s degree in a STEM degree or high-paying occupation with free tuition.

“We’ve been planning this for some time and are excited to finally announce Yuga’s investment in the future of our hometown. Miami has become a hub of a dynamic industry where Yuga Labs is at the forefront of innovation,” said Greg Solano, co-founder of Yuga Labs. “We have deep roots in Miami,” Wylie Aronow, co-founder of Yuga Labs, added. “As we continue to build our business here, we’re glad we can also help to build a strong, passionate community where there are no barriers to access, and creativity knows no limits.”

“Connecting local talent to career opportunities is an essential step in supporting Miami’s burgeoning tech and blockchain community,” said Francis Suarez, Mayor of Miami. “Yuga Labs is a leader in Miami’s growing web3 business community. We’re thrilled to join forces with them to provide Miamians the education they need to earn sought-after careers with high-paying wages.”

This announcement follows an existing commitment by Yuga Labs to donate 10,000,000 ApeCoin to the Jane Goodall Legacy Foundation, as well as the pledge to donate creator fees from the Bored Ape Kennel Club secondary market trades to benefit no-kill shelters and animal conservation charities.