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NFTs News

Yuga Labs Refutes Rumors Of New NFT Collection Launch

September 16, 2022 - Around 2 mins mins to read
Yuga Labs was rumored to be looking to raise $50 million through the sale of 100,000 tokenized land plots, but the company’s co-founder claims it’s all “fake news.”
Yuga Labs Refutes Rumors Of New NFT Collection Launch

Yuga Labs co-founder Greg Solana, or Garga, has denied rumors that the creators of the Bored Ape Yacht Club (BAYC) intend to launch a new nonfungible token (NFT) collection called Mecha Apes by the end of the year.

While the rumors have been debunked, given that Yuga Labs has hit the ball out of the park with each of its projects thus far, and that it has outlined a broad vision for its metaverse, another NFT project from them in the future doesn’t seem so far-fetched.

Yuga Labs Refutes Rumors Of New NFT Collection Launch

In the end, Yuga Labs hopes to build an interoperable metaverse ecosystem in the Otherside that includes a virtual place for people to socialize, a variety of game modes with play-to-earn aspects, and a hub where users can get key education on blockchain, NFTs, and the Metaverse.

Yuga Labs is worth around $4 billion, and the BAYC NFTs have sold for more than $2.4 billion, while Otherdeed NFTs for the Otherside metaverse have sold for more than $1 billion.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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BAYC

Greg Solana

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
NFTs News

Yuga Labs Refutes Rumors Of New NFT Collection Launch

Yuga Labs was rumored to be looking to raise $50 million through the sale of 100,000 tokenized land plots, but the company’s co-founder claims it’s all “fake news.”
Yuga Labs Refutes Rumors Of New NFT Collection Launch

Yuga Labs co-founder Greg Solana, or Garga, has denied rumors that the creators of the Bored Ape Yacht Club (BAYC) intend to launch a new nonfungible token (NFT) collection called Mecha Apes by the end of the year.

While the rumors have been debunked, given that Yuga Labs has hit the ball out of the park with each of its projects thus far, and that it has outlined a broad vision for its metaverse, another NFT project from them in the future doesn’t seem so far-fetched.

Yuga Labs Refutes Rumors Of New NFT Collection Launch

In the end, Yuga Labs hopes to build an interoperable metaverse ecosystem in the Otherside that includes a virtual place for people to socialize, a variety of game modes with play-to-earn aspects, and a hub where users can get key education on blockchain, NFTs, and the Metaverse.

Yuga Labs is worth around $4 billion, and the BAYC NFTs have sold for more than $2.4 billion, while Otherdeed NFTs for the Otherside metaverse have sold for more than $1 billion.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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