2 years ago
Yuga Labs, the institution down the fashionable non-fungible token (NFT) task Bored Ape Yacht Club, has raised a $450 cardinal backing circular led by Andreessen Horowitz.
The round, archetypal reported to beryllium successful the works backmost successful February, values the institution astatine $4 billion.
The authoritative announcement of the backing caps disconnected what has been a monumental 2 weeks for Yuga Labs. The institution acquired the intelligence spot to rival bluish spot NFT task CryptoPunks on March 11, and connected March 16, the Bored Ape Yacht Club-linked ApeCoin launched by proxy. ApeCoin present boasts a $12 cardinal marketplace cap, according to data from CoinMarketCap.
Yuga Labs says it plans to usage the caller backing to physique retired an NFT-based, ApeCoin-powered gaming metaverse called “Otherside.” The institution released a trailer video for the task connected Twitter days earlier the backing announcement.
Metaverse capitalist Animoca Brands, which made its play-to-earn “Benji Bananas” crippled ApeCoin-compatible connected March 17, besides participated successful the round.
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