Yuga Labs will abandon APESTR royalties to buy back BAYC

Yuga Labs co-founder Garga.eth posted on social media, "The Ethereum ecosystem meme coin APESTR launched today by TokenWorks. I'm excited about this launch, but it's very important to read and understand the associated fees. Significant volatility is expected. Yuga will waive our royalties on APESTR so that we can use our portion of the fees to buy back BAYC (Bored Ape Yacht Club)."