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Yuga Labs Raises $450M To Build An NFT Metaverse

Yuga Labs Raises $450M To Build An NFT Metaverse

Yuga Labs, the team behind Bored Ape Yacht Club and the owner of three of the biggest NFT brands on the market, has raised $450 million in funding at a $4 billion valuation, which the company plans to use to build a media empire around NFTs, starting with games and its own metaverse project. Yuga Labs’ metaverse, Otherside, is described as an MMORPG meant to connect the broader NFT universe.

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