Yuga Labs

by Yuga Labs

Yuga Labs is a leading Web3 company renowned for creating Bored Ape Yacht Club and developing the Otherside metaverse, pioneering NFT ownership rights and immersive digital experiences on Ethereum and ApeChain.

Supported Chains

Ethereum

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Quick Fact

In March 2022, Yuga Labs acquired the intellectual property rights for both CryptoPunks and Meebits NFTs, granting commercial rights to the community.

Yuga Labs is a pioneering company in the Web3 ecosystem, specializing in NFTs, metaverse, and blockchain development. Founded in 2021, the company quickly rose to prominence with the launch of the Bored Ape Yacht Club (BAYC), a collection of 10,000 unique NFTs that doubled as membership cards to an exclusive community.

Expanding its influence, Yuga Labs acquired the intellectual property rights for both CryptoPunks and Meebits NFTs in March 2022, granting commercial rights to the community. The company also introduced Otherside, a gamified metaverse experience that integrates NFTs to allow up to 10,000 players to interact and communicate with each other in real-time.

To support its growing ecosystem, Yuga Labs launched ApeChain, an Ethereum-based Layer 2 blockchain designed to enhance scalability and integrate AI-powered interactions. This move underscores Yuga Labs' commitment to building a robust and innovative infrastructure for the future of digital ownership and immersive experiences.

With a valuation of $4 billion as of March 2022, Yuga Labs continues to shape the future of Web3 through storytelling, experiences, and community engagement.

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