16/09/2022 Yuga Labs to Raise $50m by Launching New NFT Collection "Mecha Apes"

Yuga Labs, the startup that developed the Bored Ape Yacht Club (BAYC) series of non-fungible tokens (NFTs), plans to launch a new NFT series, ā€œMecha Apesā€, by the end of this year, according to a filing on Sept. 15.

17C9FE4CE457EDDCD2535366A21D6346682177D01F357E647A57C7B5FA5FCB9A.jpg

Thenew collection of NFTs is aimed at raising$50 million and 100,000 metaverse parcels.

Previously, Yuga Labs successfully raised $600 million by selling its NFT series ā€œOtherdeeds for Othersideā€ at an initial price of $6,000.

Team Yuga continues to expand its reach in the emerging Web 3.0 and metaverse worlds by acquiring IP rights to the CryptoPunks and Meebits series.

Yuga Labs has been low profile on releasing the NFT series. Still, the company has launched a Mecha Piece as a product in the Otherdeeds virtual land, and Yuga Labs has notdisclosed any information about the Mecha Apes collection.

In March, the team also floated the ApeCoin (APE) token, which rose to become the best performer, asdetailedby Blockchain.News.

Yuga Labs proposed to move ApeCoin fromEthereumto its own blockchain, and Ape holders are currently competing for this proposal.

Meanwhile, Yuga Labs raised funds worth $450 million in March. As a result, the funds effectively placed the blockchain startup at a $4 billion valuation. The team aimed to inject the funds into building a media empire that predominantly features NFTs.

This fundraising came days after Yuga Labs unveiled a metaverse project dubbed the ā€œOthersideā€. The teaser featured an animated Bored Ape NFT smoking Tobacco in what appeared to be a metaverse-themed world.

Arts

https://blockchain.news/news/yuga-labs-to-raise-50m-by-launching-new-nft-collection-mecha-apes

Interesting NFTs
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. Iā€™d posted a link to a blog article Iā€™d written a number of months previous titled ā€˜Who is the Creatorā€™ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether itā€™s right or wrong for an artist to hire other professionals to help them realize their art projects. I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it? I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great JosĆ© Delbo to ask him if heā€™d be interested in a very unique collaboration. I explained to him that to make this piece ā€˜workā€™ he couldn't have any say in what I produced and moreover, he wouldnā€™t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal. The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ā€˜in real timeā€™. The dialogue between myself and my ā€˜hired gunsā€™ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ā€˜Artā€™ the final animation (the creation) or is the ā€˜Artā€™ the concept/credit for the creation itself?
The Rare Pearl Moon with Motion
Motion Version Part of my moon series. This super rare pearl moon has just washed ashore on a remote tropical island beach, fining one of these rare Jems is like a total worldly treasure! These moons, only fall to earth once in a few million years! When I found this one I felt the luck that is said to come with this pearl moon.
#49405
By OthersideDeployer
Punk #37
Inscription #461
Meebit #17522
The Meebits are 20,000 unique 3D voxel characters, created by a custom generative algorithm, then registered on the Ethereum blockchain.