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Bored Apes NFT Creator Yuga Raises $450 Million From Andreessen, Animoca

  • Andreessen Horowitz led the Yuga Labs seed funding round
  • Andreessen, Animoca already benefited from ApeCoin’s airdrop
Inside CoinUnited Cryptocurrency Exchange in Hong Kong
Photographer: Paul Yeung/Bloomberg
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Yuga Labs, the creator of the Bored Apes Yacht Club collection of NFTs, said it has raised $450 million in a funding round led by Andreessen Horowitz while it begins a metaverse project. 

Other investors included Animoca Brands, its subsidiary The Sandbox and the crypto exchange FTX Trading Ltd. Yuga said in a statement that the round values the firm at $4 billion. Andreessen and Animoca have already emerged as big beneficiaries of a Bored Apes-related cryptocurrency, ApeCoin, which debuted last week.