Yuga Labs fetches $450M in funding, Charles Hoskinson’s prediction falls short and spot BTC ETFs incoming? Hodler’s Digest, March 20-26
Cointelegraph
Published Mar 26, 2022 04:30PM ET
Updated Mar 26, 2022 04:40PM ET
h4 /h4 h4 NFT creator Yuga Labs raises $450M, bringing company valuation to $4B
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The creators of the wildly popular Bored Ape Yacht Club NFTs, Yuga Labs, raised $450 million in seed funding at a $4 billion valuation. Unsurprisingly, top venture capital firm and cash cow Andreessen Horowitz (a16z) led the round.
Yuga Labs, which also recently launched ApeCoin and announced an upcoming metaverse platform, intends to use the funds to increase its employee base, attract more creative, engineering and operations talent, as well as support joint ventures and partnerships.
h4 /h4h4 Charles Hoskinson cheekily admits: I was wrong about DApp rollout/h4 h4 /h4 h4 SEC could approve spot Bitcoin ETFs as early as 2023 Bloomberg analysts
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/h4 h4 DeFiance Capital founder loses $1.6M in hot wallet hack/h4 h3 Powers On Biden accepts blockchain technology, recognizes its benefits and pushes for adoption/h3 h3 DEXs and KYC: A match made in hell or a real possibility?/h3 h3 The metaverse will change the paradigm of content creation/h3
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