Bored Ape Creator Yuga Labs Invests in Hadean for Metaverse
Yuga Labs, the company behind the Bored Ape Yacht Club NFT brand, announced a strategic investment in Hadean, a spatial computing startup pivotal in realizing Yuga’s forthcoming Otherside metaverse.
Hadean is contributing its technology expertise to enable the game to handle a potentially massive number of concurrent players. In March, during Otherside’s “Second Trip” playtest, over 7,200 players were able to join simultaneously, populating the virtual world with a multitude of avatars.
Yuga Labs CEO Daniel Alegre said, “As we double down on Otherside, and look to build out unique, live experiences in entertainment and gaming, we are excited about deepening our commitment through investing for the long term with Hadean.”
Yuga Labs has chosen not to reveal the specific financial contribution made to Hadean, but a spokesperson has described it as a significant investment relative to Hadean’s previous funding round.
Hadean had previously secured $5 million in funding in March, and it had also raised $30 million in a Series A round in September 2022, which had involvement from Epic Games, the creator of Fortnite.
With the recently acquired funding, Hadean plans to create a team based in the United States that will collaborate with Yuga Labs on the Otherside project. Their primary objective is to enhance “mass concurrency,” which means improving the capability to accommodate numerous players simultaneously within the same online environment.
Yuga Labs had announced a commercial agreement with Hadean in September focusing on the tech behind Otherside. Concurrently, Yuga Labs also disclosed collaborative efforts in both technical and creative domains with three startups, namely AccelByte, Bad Rhino, and Faraway, all with a primary focus on enhancing Otherside.
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