Yuga Labs achieves $ 450 million in a seed financing round under the direction of A16Z

• Yuga Labs recently announced the planned start of Otherside, a meta
operated by APECOIN
• Part of the funds collected in this seed round is invested in the Metaverse project

The NFT creator based in Miami and parent company of the famous Bored Ape Yacht Club (BayC), Yuga Labs, has completed an increase of $ 450 million with an evaluation of $ 4 billion in a recently completed seed round. It was led by the risk capital company Andreessen Horowitz (A16Z), but also Seen The participation of other big names in and around crypto, including Animoca Brands, thrive capital, Moonpay, Sandbox, FTX and Google Ventures.

The company was founded in 2021 by Wylie Aronow and Greg Solano and has experienced massive growth as a manufacturer of high -quality collectors. In order to maintain this growth, it is now to be expanded. The resources collected are used to find the best talents in different areas and to facilitate joint ventures and partnerships.

While the NFT market has slowed down in recent months, Yuga Labs has taken steps to build a dominant position in the industry.

it recently

a metaverse

The NFT manufacturer examines the option of creating its meta-verse. There has already been a little insight into the "Otherside" meta verse, which it confirmed in the published explanation. On March 19, Yuga Labs Meta-Verse initiative that says that they will come next month and be driven by the apecoin token.

apecoin itself had only been not long before A token developed by APECOIN DAO (separated from Yuga Labs). Owners of bored monkeys receive 10,000 apecoins, but the soon to be released 1 billion APE tokens are distributed differently over several units.