We are excited to announce that we will join the Morningstar Ventures group, as stated in their recent acquisition announcement. Our relationship with Morningstar Ventures dates back to a simple tweet on February 12th, from which a strong relationship followed and an investment in our project shortly after.
The Elrond Apes and Morningstar Ventures teams have worked closely together and established a strong collaboration over the past half year. The Morningstar Ventures team was integral to providing guidance and strategic advice to our project, to the point where Morningstar Ventures became more than just an investor to us.
We had multiple brainstorming sessions and conversations about the future of Elrond Apes. From this, it was clear to everyone that joining the Morningstar Ventures group of companies would be the most exciting and beneficial to the Elrond Apes project.
We look forward to working closely with Morningstar Ventures and being able to not just rely on their financial support but also get access to various resources and help from talented team members. Together we will keep developing the project and its roadmap.
What does the acquisition mean for the future of Elrond Apes?
Above all, we are happy to share that despite this acquisition, the Elrond Apes project will operate independently as a stand-alone startup with its own respective goals and roadmap. This acquisition does not intend to halt, stall, or compromise the growth and integrity of the project. Instead, it aims to empower our path forward and support our team with the needed resources and expertise.
Moving forward, Karl Thomas will lead Elrond Apes as CEO and steer the project’s direction together with Danilo S. Carlucci, CEO of Morningstar Ventures. As the lead developer and Co-Founder of Elrond Apes, Julian will stay on board and push the project’s development efforts, alongside help from the Morningstar Ventures tech team. Ginsburg and Sicko will support the transition over the coming weeks. However, they will take this opportunity to pursue other personal passions and adventures and move away from the project step by step. We are thankful for their support and wish them all the best in their future endeavors.
Elrond Apes support teams and functions will remain unchanged. Similarly, the familiar faces from our community will continue to support us and keep pushing the project forward. We are also looking to expand our team, so our quest to hire new team members will continue. If you are interested, please keep an eye on our Discord Channel.
The DAO, staking programs, and charity initiatives will remain intact per the project’s mission and objectives. We will move the assets of these wallets to new addresses and share details with the community once funds are transferred to meet our objective of always staying completely transparent towards our community.
What’s next?
We will now focus on transitioning to Morningstar Ventures and getting the team up to date. Secondly, we will work on strategizing and communicating the upcoming improved roadmap. The Elrond Apes and Morningstar Ventures teams are already collaborating on some exciting initiatives, and we can’t wait to tell you more about them. Watch out for new announcements towards the end of September.
“I am excited that our favorite NFT project on Elrond is now part of Morningstar Ventures, and have no doubt in the team’s capability to surprise the Elrond Apes community with their efforts. I am confident that Karl will lead the project in the right direction, and look forward to our creative and tech teams supporting Julian and the rest of the contributors of the project,” Danilo S. Carlucci, CEO of Morningstar Ventures.
“We could not be more thrilled to join the Morningstar Venture’s family. Working side by side with Danilo S. Carlucci and his team over the last several months, and feeling the synergy and shared vision we share, has made this a very exciting opportunity for the project and team. This acquisition will certainly open a lot of fresh possibilities for the growth of the project and I can’t wait to present our ideas to the community” — Karl Thomas, CEO of Elrond Apes.
A huge thank you to the Elrond Apes community for all your continued support.
Stay tuned for more new and exciting things to come! Elrond Apes is here to stay, that is for sure.
Apes Strong Together!
About Elrond Apes
Elrond Apes is a collection of 10,000 uniquely and randomly designed 3D Apes, built on the Elrond ecosystem. The collection aims to create a club of enthusiastic NFT collectors, with the goal to establish the largest NFT community on Elrond. As of August 2022, the Elrond Apes team was acquired by Morningstar Ventures, where it operates as a stand-alone project led by CEO Karl Thomas.
About Morningstar Ventures
Morningstar Ventures is an investment firm backing ambitious ideas by early-stage founders. Based in Dubai, Morningstar Ventures focuses primarily on the blockchain and digital assets space and is led by CEO Danilo S. Carlucci. The firm is active in both token investments and equity investments and has a particularly strong focus on the Elrond ecosystem.
