Yuga Labs news and trends

Meta Metaverse Weekly: In Zuckerberg’s World, Hologram Workers Will Teleport In
Metaverse // September 01, 2022

Meta’s grand plans for the metaverse don’t really include Horizon Worlds. But it’s where Mark Zuckerberg goes to take “dead-eyed” selfies like the one he posted two weeks ago, which essentially broke the internet with so many people laughing and pouring scorn on the very...

Meta Metaverse Weekly: 1 Quintillion Ways to Customize Your Meta Avatar
Metaverse // July 21, 2022

Meta’s metaverse will be so inclusive that it will offer more than 1 quintillion ways to differentiate your Meta Avatar’s look. That’s 18 zeros, by the way. This is one of the takeaways from Meta’s “2022 Diversity Report,” issued on Tuesday (July 19) by the...

NFT Weekly: Instagram Launches NFT Support With Sales in Its Sights; Metaverse Lawsuit Seeks Fair...
NFTs // May 10, 2022

The biggest news in non-fungible tokens (NFTs) this week is that Instagram is launching a pilot allowing NFT owners to display — and hopefully help them sell — their digital collectables. While they have many potential uses, from distributing music to tokenizing bond offerings, NFTs...

Metaverse Weekly: Meta Starts Small, Disney Sends in the Imagineers, Bored Apes and Memecoin Dogs...
Metaverse // May 05, 2022

Welcome to PYMNTS’ new weekly report on the metaverse, the biggest, hype-iest part of the crypto universe. So, what’s a metaverse? The short answer is an immersive, 3D, shared virtual experience where people can create avatars that act much like first-person gaming characters in a...

Interviews & Exclusives
Is Bored Ape Yacht Club’s New Memecoin In the Doghouse Or Doge House?

March 21, 2022
Bored Ape Yacht Club developer Yuga Labs may be the creator of the hottest NFT avatar collectable, but whether it has broad enough shoulders to turn the brand into a true memecoin remains to be seen. On March 17, the owners of the celebrity-powered non-fungible token line were each “airdropped” — given — 10,000 ApeCoins, […]

Quick Reads
Today in Crypto: Crypto.com’s CRO Token Drops 11% After Company Cuts Rewards; ApeCoin Drops After...

May 02, 2022
Crypto.com’s CRO Visa Cards will be undergoing some changes soon, with a reduction in rewards, a new rewards cap and the phasing out of some rewards, according to a company blog post published Sunday (May 1). Cardholders with an active 6-month stake from before May 1 this year will earn the same rewards at their […]

Virtual Land Grab Raises $320M in Crypto for Developers of Bored Ape Metaverse

May 01, 2022
Yuga Labs, which makes the non-fungible tokens (NFTs) of the popular Bored Apes Yacht Club collection, is selling virtual land for its metaverse project Otherside, Bloomberg wrote Sunday (May 1)....

Bored Apes Yacht Club Creator Yuga Labs Raises $450M at $4B Valuation

March 23, 2022
Yuga Labs, which created the Bored Apes Yacht Club (BAYC) NFT collection, has raised $450 million in a funding round that values the company at $4 billion. As Bloomberg News...