Yuga Labs is remembered for its recent airdrop, as well as the acquisition of two major rival NFT collections. Bored Ape Yacht ClubYuga Labs, the team behind , recently joined Meebits and Cryptopunk bought the rights to his collections. Now it turns out that the value of the company has achieved a record rise.
Great Investment in the BAYC World
The fact that Andreessen Horowitz, ie a16z, changed his profile photo to Bored Ape, actually revealed that a good news would come. A16z leads Yuga Labs for funding and funding.
We’re excited to announce that a16z Crypto is leading the financing for @YugaLabs. GP @ChrisLyons has the details 👇 https://t.co/vmQZDXjHYV
— a16z (@a16z) March 22, 2022
In the statement made by the A16Z team, it was stated that the funding will be used for the next developments related to web3. It was stated that the 450 million dollar funding will be used especially to create the NFT metaverse world.
Yuga Labs’ total value exceeded $4 billion and officially broke a record among NFT collections. The team stated that the next project will be in the style of MMORPG and will connect the NFT universe. The NFT-focused game called Otherside was recently announced. This may actually be the reason why ApeCoin (APE) was airdropped.
The team wants as many people as possible to join this world and use APE. BAYC co-founder Wylie Aronow said in a statement on the subject that the game and the world will be completely decentralized. The value of THY, Turkey’s most valuable company, as of 2021 While it is announced as 1 billion 605 million dollars, it is seen that an NFT collection is almost 3 times that.