Yuga Labs
BAYC Metaverse Land Sale Fetches $285M But Investors Paid $176M in Gas Fees Alone
Yuga Labs debuted its long-awaited Bored Ape Yacht Club metaverse project “Otherside,” generating roughly $285 million in digital land sales, but the Ethereum-based project created some of the highest gas fees in the network’s history – costing investors over $176 million.
ApeCoin's Rise and Fall: Is it Just Hype?
Digital Strategies Principal Kalman Gabriel discusses the recent price action of the Bored Ape Yacht Club’s ApeCoin and its similarities with $MAGIC from Treasure DAO. Plus, a conversation on the future gaming utilities of ApeCoin and Yuga Lab’s partnership with Animoca Brands.
Fusang Defers IPO; Yuga Labs Hits $4B Valuation
Malaysia’s Fusang defers security token IPO. Support for home-grown NFTs grows in China. Australian Blockchain Week dives into intellectual property rights. BAYC creator Yuga Labs raises valuation to $4B. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bored Ape Yacht Club Owner Yuga Labs Raises $450M Led by A16z
Now valued at $4 billion, the company will use the funds to build out its NFT-based metaverse.
