Yuga Labs, the startup that developed the Bored Ape Yacht Membership (BAYC) sequence of non-fungible tokens (NFTs), plans to launch a brand new NFT sequence, “Mecha Apes”, by the top of this 12 months, in keeping with a submitting on Sept. 15.

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The new assortment of NFTs is geared toward elevating $50 million and 100,000 metaverse parcels.

Beforehand, Yuga Labs efficiently raised $600 million by promoting its NFT sequence “Otherdeeds for Otherside” at an preliminary value of $6,000.

Staff Yuga continues to develop its attain within the rising Internet 3.0 and metaverse worlds by buying IP rights to the CryptoPunks and Meebits sequence.

Yuga Labs has been low profile on releasing the NFT sequence. Nonetheless, the corporate has launched a Mecha Piece as a product within the Otherdeeds digital land, and Yuga Labs has not disclosed any details about the Mecha Apes assortment.

In March, the group additionally floated the ApeCoin (APE) token, which rose to grow to be the perfect performer, as detailed by Blockchain.News. 

Yuga Labs proposed to maneuver ApeCoin from Ethereum to its personal blockchain, and Ape holders are presently competing for this proposal.

In the meantime, Yuga Labs raised funds price $450 million in March. Because of this, the funds successfully positioned the blockchain startup at a $4 billion valuation. The group aimed to inject the funds into constructing a media empire that predominantly options NFTs.

This fundraising got here days after Yuga Labs unveiled a metaverse undertaking dubbed the “Otherside”. The teaser featured an animated Bored Ape NFT smoking Tobacco in what gave the impression to be a metaverse-themed world.

Picture supply: Shutterstock

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