FinTech news in Yuga Labs category

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.

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.