The Legend of the Legendary Heroes

Leading NFT Creator Handed a $4 Billion Valuation Following $450 Million Seed Round

Retrieved on: 
Friday, March 25, 2022
Online, Private Securities Litigation Reform Act, ZNGA, Xbox Series X and Series S, TTWO, NYSE, Research, NFT, GameStop, The Chosen One, Securities Exchange Act of 1934, Twitter, Securities Act of 1933, WAX, Grand Theft Auto Online, Security (finance), PlayStation Store, Take-Two Interactive, Sale, Blockchain, Non-fungible token, Earthquake, Yu-Gi-Oh!, Rockstar Games, LLC, ANY, FNM, VCS, U.S. Securities and Exchange Commission, IMX, Monorepo, Collection, Unity, NASDAQ, FNKO, Corsair, Forward-looking statement, PvP, Growth, GME, Annual report, NEVER, Funko, Zynga, Alienware, The Legend of the Legendary Heroes, PlayStation, Partnership, PST, Form 10-K, PALM, Traction, NOT, News, Eye, Video game, Cryptocurrency, Financial adviser, Lenovo

PALM BEACH, Fla., March 25, 2022 /PRNewswire/ -- Yuga Labs, the maker of the multimillion-dollar Bored Ape Yacht Club NFTs, just raised a $450 million seed round at a $4 billion valuation. The Miami-based NFT company behind Bored Apes Yacht Club has yet to raise any funds, though the startup has long caught the eye of VCs keen to back a major player in the NFT craze. Yuga Labs has also just launched ApeCoin, in which the founders and executives of the startup have a substantial stake. The token gathered a multi-billion dollar market capitalization on its first day of trading. In 2021, countless celebrities have purchased an NFT from the Bored Ape Yacht Club, including late-night talk show host Jimmy Fallon, tennis star Serena Williams, and pop star Justin Bieber. Meanwhile, companies like Good Gamer Entertainment Inc. (TSXV:GOOD) (OTCQB:GGAMF), GameStop Corporation (NYSE:GME), Zynga Inc. (NASDAQ:ZNGA), Take-Two Interactive Software Inc (NASDAQ:TTWO), and Funko Inc. (NASDAQ:FNKO) are launching exciting NFT collections to the growing market.

Key Points: 
  • PALM BEACH, Fla., March 25, 2022 /PRNewswire/ -- Yuga Labs, the maker of the multimillion-dollar Bored Ape Yacht Club NFTs, just raised a $450 million seed round at a $4 billion valuation.
  • Yuga Labs has also just launched ApeCoin , in which the founders and executives of the startup have a substantial stake.
  • Leading up to the mint day, Fork Gaming has been focused on growing the Chosen Ones online community.
  • In the fourth quarter , GameStop generated net sales of $2.254 billion, compared to $2.122 billion in the prior-year quarter.

Leading NFT Creator Handed a $4 Billion Valuation Following $450 Million Seed Round

Retrieved on: 
Friday, March 25, 2022
Online, Private Securities Litigation Reform Act, ZNGA, Xbox Series X and Series S, TTWO, NYSE, Research, NFT, GameStop, The Chosen One, Securities Exchange Act of 1934, Twitter, Securities Act of 1933, WAX, Grand Theft Auto Online, Security (finance), PlayStation Store, Take-Two Interactive, Sale, Blockchain, Non-fungible token, Earthquake, Yu-Gi-Oh!, Rockstar Games, LLC, ANY, FNM, VCS, U.S. Securities and Exchange Commission, IMX, Monorepo, Collection, Unity, NASDAQ, FNKO, Corsair, Forward-looking statement, PvP, Growth, GME, Annual report, NEVER, Funko, Zynga, Alienware, The Legend of the Legendary Heroes, PlayStation, Partnership, PST, Form 10-K, PALM, Traction, NOT, News, Eye, Video game, Cryptocurrency, Financial adviser, Lenovo

PALM BEACH, Fla., March 25, 2022 /PRNewswire/ -- Yuga Labs, the maker of the multimillion-dollar Bored Ape Yacht Club NFTs, just raised a $450 million seed round at a $4 billion valuation. The Miami-based NFT company behind Bored Apes Yacht Club has yet to raise any funds, though the startup has long caught the eye of VCs keen to back a major player in the NFT craze. Yuga Labs has also just launched ApeCoin, in which the founders and executives of the startup have a substantial stake. The token gathered a multi-billion dollar market capitalization on its first day of trading. In 2021, countless celebrities have purchased an NFT from the Bored Ape Yacht Club, including late-night talk show host Jimmy Fallon, tennis star Serena Williams, and pop star Justin Bieber. Meanwhile, companies like Good Gamer Entertainment Inc. (TSXV:GOOD) (OTCQB:GGAMF), GameStop Corporation (NYSE:GME), Zynga Inc. (NASDAQ:ZNGA), Take-Two Interactive Software Inc (NASDAQ:TTWO), and Funko Inc. (NASDAQ:FNKO) are launching exciting NFT collections to the growing market.

Key Points: 
  • PALM BEACH, Fla., March 25, 2022 /PRNewswire/ --Yuga Labs, the maker of the multimillion-dollar Bored Ape Yacht Club NFTs, just raised a $450 million seed round at a $4 billion valuation.
  • Yuga Labs has also just launched ApeCoin , in which the founders and executives of the startup have a substantial stake.
  • Leading up to the mint day, Fork Gaming has been focused on growing the Chosen Ones online community.
  • In the fourth quarter , GameStop generated net sales of $2.254 billion, compared to $2.122 billion in the prior-year quarter.