It’s been a blockbuster month for Yuga Labs, the owner of the Bored Apes Yacht Club (BAYC) NFTs. First, it acquired two other popular NFT projects: Crypto Punks and Meebits. Second, it announced the listing of the ApeCoin token on leading exchanges. And last, but not least, the company raised $450 million from marquee investors like a16z crypto, web3 gaming company Animoca Brands, and FTX cryptocurrency exchange. Now, it’s valued at over $4 billion. With this latest funding the firm has announced its metaverse plans — as one does in web3. Now that Yuga Labs has popularity and money, it…This story continues at The Next Web https://thenextweb.com/news/the-bored-apes-yuga-labs-hype-funding-analysis
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3y
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Mar 23, 2022, 3:22:43 PM
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