Apes Empire is growing: Yuga Labs raises $450 million

23.03.2022 14:00
by Artem Ustinov
1 min read

Apes Empire is growing: Yuga Labs raises $450 million

Yuga Labs has raised $450 million at a $4 billion valuation. In an investment round led by A16Z.

The list of participants also included Animoca Brands, LionTree, Sound Ventures, Thrive Capital, FTX, MoonPay, and others. The Yuga Labs company plans to spend the new funds on the development of new products, in particular on the Otherside metaverse.

Yuga Labs was created by the team of famous NFT-collection “Bored Ape Yacht Club”.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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