NFT Powerhouse Yuga Labs Bolsters Web3 Presence With New Acquisition
Yuga Labs, a prominent developer in the realm of Web3 and NFTs, has recently completed the acquisition of the NFT collective known as PROOF along with its assets.
This strategic move was announced as part of Yuga Labs’ overarching vision to serve as a pivotal gateway to the Web3 landscape.
Noteworthy for creating acclaimed NFT collections such as Bored Ape Yacht Club (BAYC) and TwelveFold, Yuga Labs views this acquisition as a significant step towards solidifying its position as a central player in the Web3 sphere.
Among the assets acquired from PROOF are various NFT collections including Moonbirds, Oddities, and Mythics. Notably, Moonbirds will be seamlessly integrated into Yuga’s Otherside platform, an immersive metaverse experience currently in the works.
Daniel Alegre, CEO of Yuga Labs, expressed enthusiasm about the acquisition, stating that as a company dedicated to promoting art, culture, and community within the blockchain space, they welcome PROOF into the Yuga ecosystem.
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“Moonbirds possesses immense potential and shares cohesive brand elements with Otherside, making it a natural fit for integration.”
Similarly, Kevin Rose, CEO and founder of PROOF, shared his excitement about the collaboration, remarking that they are thrilled to unite Moonbirds with Otherside.
This collaboration represents an ideal destination and future for Yuga Labs’ collectors.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
