Yuga Labs, the company behind Bored Ape, plans to raise hundreds of millions of dollars through the sale of virtual land.
According to the news quoted by The Block, Yuga Labs, the company behind the leading NFT collection Bored Ape Yacht Club, is preparing to raise hundreds of millions of dollars through virtual lands. In addition, new information was obtained about the planned token and financial data.
According to the presentation, the company had a net income of $127 million last year. It also targets revenue of up to $455 million in 2022 through virtual land sales. The company is also planning a token called APECoin. Through this token, users will be able to shop in the app store where Yuga is planned to be launched.
As it is known, Yuga’s NFT collection was a hit with high-profile names such as Serena Williams, Jimmy Fallon and Snoop Dogg. The company will now step into the metaverse universe with virtual land sales.
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