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FinTech news in bored apes yacht club category

NFT startup Doppel raised seed round of $5M led by FTX

Doppel indexes NFT data across various blockchains, including Ethereum, Solana, Polygon, Flow, and others, and uses models that incorporate keywords and metadata to spot fraud, Tian said.

NFT startup Yuga Labs raised seed round of $450M valued at $4B

The Miami-based NFT firm behind Bored Apes Yacht Club has not previously raised funding, though the startup has long been courting attention from VCs eager to back a major player in the NFT craze. Yuga Labs, maker of the multimillion dollar monkey JPEGs that plenty of NFT skeptics love to hate, just raised a $450 million round from Andreessen Horowitz.

Bored Apes launches ApeCoin

Multimillion dollar monkey pictures and monkey money are likely not the future you were expecting to capture the undivided attention of Silicon Valley VCs, but Yuga Labs hopes that the new game and token will inspire a mainstream crypto economy built around their their IP, which further expanded last week to include the highly valued CryptoPunks and Meebits NFT collections after Yuga acquired the assets from Larva Labs.

Yuga Labs acquires CryptoPunks NFT collection

The Larva Labs founders have almost fully divested from the project at this point, with Yuga Labs detailing in a blog post that they had also acquired 423 CryptoPunks and 1,711 Meebits from the company, leaving the founders with just a few of each in addition to their generative art project Autoglyphs which was not part of the deal.