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NFTs and Metaverse

Yuga Labs Aquires Beeple’s NFT Project

Yuga Labs Aquires Beeple’s NFT Project

Yuga Labs, the company that created one of the most famous NFT collections, Bored Ape Yacht Club (BAYC), has acquired Web3 ecosystem WENEW and its flagship NFT collection 10KTF.

WENEW is an ecosystem that boasts partnerships with brands such as Gucci and Louis Vuitton, was founded by Mike Winkelman, aka Beeple, Guy Osier and Michael Figge. The company is also behind 10KTF, an interoperable digital shop where owners of the best NFT projects like BAYC, Moonbirds and others can craft one-of-a-kind digital items.

According to Greg Solano, co-founder of Yuga Labs, the team that created WENEW found a way to create a compelling serialized story for Web3, capitalizing on the passion people have for their digital avatars. He added that storytelling and world-building are foundational at Yuga Labs, and that he’s thrilled they’ll be able to work with a company like WENEW.

Michael Figge will join the Yuga leadership team as Chief Content Officer, and Mike Winkelman will join as an advisor. Previously, Figge worked as co-founder and creative director of Possible, a company that creates immersive visual experiences for major events like the Super Bowl halftime show and Coachella. Following the announcement, Yuga Labs hinted at the integration between 10KTF and Otherside.

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Sales of Yuga Labs’ NFT projects, including BAYC, MAYC, Otherdeed and 10KTF, surged Monday morning, topping OpenSea’s NFT market charts.

Yuga Labs is continuously expanding its portfolio of NFT projects and interactive experiences. In March, the company acquired CryptoPunks and Meebits, releasing the commercial rights to their holders a few months later. The company has also created additional NFT collections such as Bored Ape Kennel Club (BAKC), and recently released a management token – ApeCoin (APE)

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.

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