Morningstar Ventures acquires Elrond Apes

It is with great pleasure that we share that Elrond Apes - the number 1 NFT project on the Elrond Network — has been acquired by Morningstar Ventures. Our relationship with the Elrond Apes project started with a simple tweet on February 12th, followed by our investment in the team a few months later, and we are now taking a further next step.

Over the last six months, Elrond Apes and Morningstar Ventures have been working very closely and establishing a great working relationship. During this phase, our team was integral in providing guidance and strategic advice to the project, and soon after both parties saw Morningstar Ventures as more than just an investor.

After several brainstorming sessions and numerous conversations about the future development and goals of the project, it was clear to everyone that a structure where Elrond Apes would join Morningstar Ventures’ group of companies would be the most exciting and beneficial to the project.

The Elrond Apes team will not just benefit from Morningstar Ventures’ financial support, but also have access to multiple resources and rely on the team to further develop the project and its roadmap.

First and foremost, we are happy to share that despite this acquisition, the Elrond Apes project will continue as a stand-alone startup with its own respective goals and roadmap. The idea of the acquisition is not to halt nor stall the project’s growth but instead to empower its path forward and support its team with the needed resources and expertise required to keep adding value to its holders.

From now on, Karl Thomas will lead Elrond Apes as CEO and will steer the direction of the project with the support of Danilo S. Carlucci from 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 be supporting the transition over the coming weeks, but they will be taking this opportunity to gradually move away from the project and pursue other personal passions and adventures. We would like to take this opportunity to thank Ginsburg and Sicko for their support and help in the transition period.

Elrond Apes support teams remain unchanged, and the familiar faces you know from the community will keep pushing the project forward. In the meantime, we will continue to look to further expand our team and hire new members.

The DAO, staking programs, and charity initiatives will stay intact as per the project’s mission and objectives. The assets of these respective wallets will remain in the ownership of the project but will be transferred to new addresses in order to reflect the new structure. These new addresses will be shared publicly and will remain fully visible on the blockchain in order to keep complete transparency with the community.

In the upcoming few weeks, we will be busy with two matters: firstly working on the transition and getting the team settled in, and secondly strategizing as well as communicating the upcoming improved roadmap. The Elrond Apes and Morningstar Ventures team are already collaborating on some cool up-and-coming initiatives and we can’t wait to tell you more about them. We envision announcing the updated roadmap in a couple of weeks, towards the end of September.

“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 project’s growth and I can’t wait to present our ideas to the community” — Karl Thomas, CEO of Elrond Apes.

“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.

Stay tuned for more and thanks for all the support.

Elrond Apes is here to stay.

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.

Website ️| Twitter | Telegram | LinkedIn | Instagram

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.

Website ️| Twitter | Discord| Medium

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Investing In Ambitious Ideas — morningstar.ventures twitter.com/Morningstar_vc

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