Yuga Labs has found immense success in the NFT space, holding collections collectively worth billions of dollars. The company is now looking to give back to the community by donating to Miami music and education communities in Miami.
Giving Back to the Community
As announced on November 23, 2022, the company will make a $150,000 donation towards expanding music and education programs in the Miami area. The initiative is spearheaded through a partnership between Yuga Labs and NTS Live, a music discovery platform.
A statement from Yuga Labs explained – “The funds will be donated to Music Access Miami, an organization that believes, as we do, that at the core of healthy communities and thriving young people lies access to consistent forms of self-expression, access to the arts, and access to music education.”
Today we’re proud to announce that Yuga, alongside the amazing team at @NTSlive, will be donating $150K to support the expansion of access to music programs and education for the youth of Miami.
— Yuga Labs (@yugalabs) November 23, 2022
This donation is all part of the company’s previous $1 Million pledge towards charitable causes and along with this, Yuga Labs will match every dollar spent at Bored and Hungry. Bored and Hungry is a Miami-based food outlet centered around the Bored Ape community. As the announcement said, every dollar spent at the restaurant during its Miami Art Week party will be donated towards this good cause.
Yuga has also been supporting the Miami Art scene too. The company recently donated a prized CryptoPunks NFT to the Institute of Contemporary Art.
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Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.