Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club

Two reports assertion that the creators of the fashionable non-fungible token (NFT) task Bored Ape Yacht Club (BAYC) are successful talks of raising funds from investors specified arsenic the task superior steadfast Andreessen Horowitz. The alleged backing circular is expected to beryllium astir $200 million, but sources further accidental “the woody is not yet closed.”

Bored Ape Yacht Club’s Yuga Labs successful Talks of Raising $200 Million, Multiple Sources Say

According to the quality outlet Axios, the Bored Ape Yacht Club (BAYC) creators person been successful talks of raising funds from investors. Axios contributors Kia Kokalitcheva, and Dan Primack constitute that the concern steadfast Andreessen Horowitz “is successful precocious talks to pb a ample backing circular for Yuga Labs.”

Yuga Labs created the BAYC NFT task alongside the associated NFT collections similar Mutant Ape Yacht Club (MAYC). There are 10,000 NFTs, successful the lawsuit of BAYC, and each ape has antithetic properties.

At the clip of writing, 6,296 unsocial addresses ain astatine slightest 1 BAYC retired of the 10,000, and the existent level terms for the slightest costly BAYC contiguous is 90 ethereum (ETH) oregon $272K.

Out of 11,249 traders and 24,543 sales, the BAYC postulation has seen $1.3 cardinal successful all-time income volume. The postulation of 10,000 BAYCs alone, has an wide marketplace capitalization of astir $3 cardinal today, according to dappradar.com’s metrics.

While the level terms connected Saturday, February 5, 2022, is $272K for the lowest BAYC, the mean BAYC merchantability is $337,820 this weekend.

Bored Ape Club Raising astatine $5 Billion Valuation https://t.co/3yzzqTRHkT

— NFTNick.eth (@allnick) January 24, 2022

In summation to the Axios report, the Twitter relationship dubbed “Nftnick.eth” (NFT Nick) told his 80,400 societal media followers astir BAYC perchance raising funds with a “$5 cardinal valuation.” Axios said it “has learned from aggregate sources,” but the work besides mentioned NFT Nick’s tweet.

Kokalitcheva and Primack further adhd successful their study that “the woody is not yet closed, which means it inactive could autumn through.” BAYC has been precise fashionable among celebrities arsenic well, with popular prima Justin Bieber, rapper Eminem, Linkin Park’s Steve Aoki, Charlotte Hornets’ LaMelo Ball, and NBA fable Shaquille O’Neal each owning a BAYC NFT.

BAYC has besides partnered with good known brands similar Rolling Stone, Arizona Iced Tea, and Adidas. There’s besides been the instauration of 2 BAYC-centric amusement projects with backing from Universal Music Group and a abstracted 1 stemming from the deed grounds shaper Timbaland.

Last year, 107 Bored Ape Yacht Club NFTs were besides sold astatine the luxury auction location Sotheby’s for $24 million.

What bash you deliberation astir the reports that accidental Yugo Labs is successful talks with investors similar Andreessen Horowitz to rise $200 million? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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