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March 25, 2022

Yuga Labs Announces Seed Funding at $4,000,000,000 Valuation

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Yuga Labs announced a $450 million seed funding round at a $4 billion valuation. The company is known for creating the Bored Ape Yacht club, Ape Coin, and developing a proprietary metaverse called Otherside.  For more information about Ape Coin, please see our blog post here. Otherside is currently in development but when the project is complete it will allow users to import their NFTs and avatars into the company’s metaverse. (TechCrunch)

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