NFT firm Yuga Labs is valued at $4 billion after a $450 million seed round

NFT firm Yuga Labs is valued at $4 billion after a $450 million seed round

NFT
March 29, 2022 by Diana Ambolis
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Yuga Labs, the NFT firm behind the multimillion-dollar Bored Ape Yacht Club NFTs, raised $450 million in a seed round at a valuation of $4 billion. The NFT firm behind Bored Apes Yacht Club has yet to secure any financing, although the startup has long piqued the interest of venture capitalists looking to invest in
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Yuga Labs, the NFT firm behind the multimillion-dollar Bored Ape Yacht Club NFTs, raised $450 million in a seed round at a valuation of $4 billion. The NFT firm behind Bored Apes Yacht Club has yet to secure any financing, although the startup has long piqued the interest of venture capitalists looking to invest in a significant player in the NFT firms. Yuga Labs has also just established ApeCoin, in which the company’s founders and executives have a big investment. On its first day, the token amassed a multibillion-dollar market capitalization n. Countless celebrities, including late-night talk show host Jimmy Fallon, tennis star Serena Williams, and pop star Justin Bieber, purchased an NFT from the Bored Ape Yacht Club in 20 1. Meanwhile, Good Gamer Entertainment Inc., GameStop Corporation, Zynga Inc., Take-Two Interactive Software Inc., and Funko Inc. are introducing new NFT collections to the market.

Good Gamer Entertainment Inc. announced that Fork Gaming, the Chosen Ones Legendary Heroes NFT collection’s publishing partner, has announced the official mint date and fifth character.

The first batch of Legendary Heroes will be released to whitelisted users on April 1 at 3 p.m. PST, followed by the public sale on April 3 at 3 p.m. P T. The initial collection will feature five characters from a collection of 10,000 Chosen Ones Legendary Hero NFTs that are each one-of-a-kind, beautifully detailed, and vivid d. Each Chosen One’s Hero hails from Godland’s eight kingdoms and is a one-of-a-kind ERC721 warri r. The Legendary Heroes NFTs were created with Good Gamer Entertainment’s proprietary NFT character generator, which combines multiple traits layers to represent the characters that a player will use in the auto-battle game and the Sandbox metaverse.

The NFTs will go on sale to the general public on April 3, and users will be able to mint a maximum of ten NFTs. The mint price is 0.15 Ethereum (about $46 ). Whitelisted users will be able to mint up to three NFTs starting April 1.

Fork Gaming, another NFT firm has released the fifth Chosen Ones Hero, Kor, from Apezi. According to Good Gamer Entertainment Inc. Kor, a mysterious and vicious creature, stands nine feet tall and wields a mace that can cause earthquak s. Along with the other four handcrafted, original NFT characters: Alara, Drakar, Aldair, and Rynn.
Fork Gaming has focused on creating the Chosen Ones online community in the lead-up to the mint d y. The communities have acquired a lot of traction since the first announcement on February 1, with over 29,000 Discord users and 69,000 Twitter followers on the Chosen Ones accounts.

On liveme.com, Fork Gaming NFT firm has also signed the seventh-largest influencer as a Brand Ambassador. BlaYzE, alias Wesley Gilbert, is a liveme broadcaster with over 680K followers and ranks in the top seven on the platform. He’s consulted on several great blockbusters in recent years and now runs a live broadcasting agency on liveme and teaches people about streaming life.

To generate the Chosen Ones NFTs, artwork, and personalities, Good Gamer created a suite of blockchain applications. The startup is also working on a Unity-based auto-battler mobile game that would pit players against each other in a futuristic arena-styled chessboard using their NFTs.

Companies in the gaming industry continue to introduce new products to the market.

Immutable X Pty Limited and GameStop Corporation have formed a collaboration. The agreement creates a fund of up to $100 million in Immutable X’s IMX tokens, which the parties plan to utilize to provide grants to NFT content and technology products. Immutable X will also become a Tier 2 partner for GameStop and the company’s upcoming NFT marketplace. Furthermore, the conditions stipulate that Immutable X will reward GameStop with up to $150 million in IMX tokens if certain milestones are m t. GameStop had net revenues of $2.254 billion in the fourth quarter, up from $2.122 billion the previous quart r. As the company built new and expanded brand agreements, sales increased in the quarter.

Golf Rival, a popular fantasy-themed mobile golf game from StarLark, a subsidiary of Zynga Inc., a global leader in interactive entertainment, celebrates its fourth anniversary with many planned in-game events for players. StarLark discusses milestones from the last four years as it looks to the future to commemorate the game’s impressive growth. Golf Rival is a mobile golf game that features high-octane player versus player (PvP) tournaments with over-the-top events, including long-range slam shots and trick shots. The game has been downloaded about 30 million times since its release in 2018.

Also, read – Infinite Arcade aspires to make blockchain gaming accessible to the general public

GTA Online and GTA V are now available digitally on the Xbox Series S|X games and entertainment system and the PlayStation 5 computer entertainment system, according to Rockstar Games®, a publishing label of Take-Two Interactive Software e. Physical copies will be available in Apr l. Until June 14, the new standalone edition of GTA Online may be downloaded for free from the PlayStation Sto e. In January, Take-Two Interactive and Zynga announced that they had reached an agreement in which Take-Two would buy all of Zynga’s significant shares. Take-Two has become one of the industry’s largest and most diverse mobile game publishers due to the merger. The deal is expected to be finalized in Take-first Two’s fiscal quarter of 2023, which would finish on June 30, 2022.

The fourth-quarter financial results of Funko Inc., a flagship brand of pop culture lifestyle, were recently released. Net sales climbed by 48% to $336.3 million, indicating broad-based success across markets, products, and distribution channels. TokenWave, LLC, the provider of TokenHead, a popular mobile app and website for showing and tracking NFT holdings, acquired a controlling ownership share in Funko in Janua y. Funko’s entry into the NFT firms will be accelerated due to this investment t. It will also include digital assets on the company’s pop culture platform. Funko expects to launch its first NFT items in June, with a new IP being released every week with prices starting at $9. 9. The items will be sold on the WAX platform, the first decentralized blockchain wallet that ensures the legitimacy of Funko NFT purchases.