Monkey Business from Yuga Labs With Rumored Mecha Apes Launch

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 yet 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 additional $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 gentle circulate of sizzling NFTs

Yuga Labs have turn out to be 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 extra merchandise.

Now it seems that the extremely profitable agency may 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 might be stated with certainty is that Yuga Labs has already pre-positioned the “Mecha” idea to some extent, as Mecha Pieces have been part of their Otherside land NFT assortment.

This in flip has led to hypothesis that Mecha Pieces could but play some larger function within the Bored Apes ecosystem, and as a consequence could be undervalued.

Big enterprise

Besides launching its personal NFT collections, Yuga Labs has additionally been fairly aggressive at capturing different main properties within the area.

In March the company introduced that it had acquired Cryptopunks and Meebits from Larva Labs.

Yuga Labs at the moment enjoys a valuation of $4 billion and with additional NFT collections within the pipeline it’s potential that the valuation may proceed to climb northwards.

Yuga Labs’ monkey enterprise has definitely proved worthwhile to this point.


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