Yuga Labs, the corporate that launched Bored Apes Yacht Club, Mutant Apes Yacht Club, Bored Apes Kennel Club, and the Otherside land tokens, has plans to launch one more non-fungible token (NFT) assortment.
According to a report leaked on Thursday, Yuga Labs will launch an NFT assortment of Mecha Apes, in a plan anticipated to boost an extra $50 million.
The plan ought to assist to prime up the Yuga Labs piggy financial institution after the agency raised $450 million in seed funding this March in addition to $600 million from Otherside NFT gross sales.
A gradual move of sizzling NFTs
Yuga Labs have develop into fairly adept at launching NFT collections since they launched Bored Apes Yacht Club in April 2021. The firm has since been constructing out the ecosystem with a string of further merchandise.
Now it seems that the extremely profitable agency might but launch one other set of non-fungible tokens earlier than the yr is out.
According to a leaked doc seen by Protos, the precise nature of the Mecha Apes can’t be said. What will be stated with certainty is that Yuga Labs has already pre-positioned the “Mecha” idea to some extent, as Mecha Pieces had been part of their Otherside land NFT assortment.
This in flip has led to hypothesis that Mecha Pieces might but play some larger function within the Bored Apes ecosystem, and as a consequence could be undervalued.
Big business
Besides launching its personal NFT collections, Yuga Labs has additionally been fairly aggressive at capturing different main properties within the house.
In March the company introduced that it had acquired Cryptopunks and Meebits from Larva Labs.
Yuga Labs at present enjoys a valuation of $4 billion and with additional NFT collections within the pipeline it’s doable that the valuation might proceed to climb northwards.
Yuga Labs’ monkey business has actually proved worthwhile to date.
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