The founder of the Bored Ape Yacht Club secures start-up financing of $ 450 million

The founder of the Bored Ape Yacht Club secures start-up financing of $ 450 million

Yuga Labs has secured a practically unprecedented seed financing of $ 450 million, which brings the startup to a post-money rating of $ 4 billion.

YUGA Labs is best known as the creator of the popular NFT collection Bored Ape Yacht Club and, according to a Tuesday, will use capital for the expansion of personnel and future partnerships Announcement .

The capital increase was led by the Risk capital company Andreesen Horowitz (A16Z). Other participants were the blockchain-based game studio Animoca Brands, The Sandbox, Lionree, Sound Ventures, FTX and MoonPay.

"This capital will accelerate the market launch of many things and gain new partners with strategic thinking that share the vision," said Guy Osary, partner at Yuga Labs, in a explanation.

The move follows The recent takeover of Yuga labs Commercial rights at NFT collections (non-fungible tokens), Cryptopunks and Measpin of Larva Labs. The consolidation gives Yuga Labs intellectual property rights to some of the three most profitable crypto systems in the industry.

"With the IP of Apes, Punks and Measpin, which belongs to the community, a new economy is already possible," said Nicole Muniz, Managing Director of Yuga Labs. "The possibilities for the influence of blockchain on culture are endless, and that's why we build a beautiful, interoperable world that people explore and play in which they can play. There is still a lot to do."

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The contribution Bored Ape Yacht Club Creator secures $ 450 million Seed financing is not a financial advice.