Yuga Labs fetches $450M in funding, Charles Hoskinson’s prediction falls short and spot BTC ETFs incoming? Hodler’s Digest, March 20-26
NFT creator Yuga Labs raises $450M, bringing company valuation to $4B
The creators of the wildly popular Bored Ape Yacht Club NFTs, Yuga Labs, raised $450 million in seed funding at a $4 billion valuation. Unsurprisingly, top venture capital firm and cash cow Andreessen Horowitz (a16z) led the round.
Yuga Labs, which also recently launched ApeCoin and announced an upcoming metaverse platform, intends to use the funds to increase its employee base, attract more creative, engineering and operations talent, as well as support joint ventures and partnerships.
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