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 deve...

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