One for the Record Books
Mar 25, 2022
• 13
Min Read
Venture Capital Deals
Yuga Labs is an NFT/metaverse developer most widely known for creating the Bored Ape Yacht Club NFT collection, the largest NFT collection by market cap at over 1 million ETH (~$3 billion at the time of writing). Yuga raised $450 million in a funding round that valued the company at $4 billion. The round was led by a16z, with Sandbox, FTX Ventures, and MoonPay participating as well, among others. At the moment, Yuga Labs is developing a metaverse project, Otherside, which is expected to launch in April this year. The fresh capital will help fund the launch and further...