{"id":17088,"date":"2023-01-20T22:59:49","date_gmt":"2023-01-20T22:59:49","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/"},"modified":"2023-01-20T22:59:50","modified_gmt":"2023-01-20T22:59:50","slug":"what-yuga-labs-wants-to-build-after-raising-450m","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/","title":{"rendered":"What Yuga Labs wants to build after raising $450M"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/03\/23\/what-yuga-labs-wants-to-build-after-raising-450m\/<\/a><\/br>
\nWhat Yuga Labs wants to build after raising $450M<\/br>
\n2023-01-20 22:59:49<\/br><\/p>\n

\n

Land, they are making lots of it<\/h2>\n
\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n
\n

The Yuga Labs<\/span> investor deck from February is a fascinating document<\/a>, bringing together gaming, a new currency, and an ever-growing pool of digital assets that can be bought and sold by fans of Yuga\u2019s well-known NFT project Bored Ape Yacht Club.<\/p>\n

I ran through the deck last night and again this morning to get a better grip on the company\u2019s financials, expectations, and business promise. But we can\u2019t really get into those matters until we talk about what the company has in mind \u2014 recall that Yuga raised $450 million at a $4 billion valuation<\/a>, a deal that it announced earlier this week.<\/p>\n

\n

The Exchange explores startups, markets and money. <\/em><\/strong><\/p>\n

Read it every morning on TechCrunch+<\/a> or get The Exchange newsletter<\/a> every Saturday.<\/em><\/strong><\/p>\n

\n

No one is having more fun than the web3 folks today as they find themselves in the nearly unique position of seeing their current fascination (blockchain-based assets and related applications) also become the object of ample investor interest and consumer demand. That doesn\u2019t happen too often.<\/p>\n

\"\"<\/a>With popular NFT projects under its belt, and some evidence<\/a> of ability to use one collection of digital assets to grow another, Yuga has ambitious plans for the coming years. It also has a fresh half-billion in capital to help power its vision. This morning, let\u2019s talk about what it wants to build, and how the economics shake out.<\/p>\n

If things go according to plan, Yuga is about to make a lot of money.<\/p>\n

Universe of the Bored Apes<\/h2>\n

Yuga wants to build something that \u201cexpands the universe\u201d of Bored Ape Yacht Club, but \u201cinvites the larger NFT community\u201d at the same time. More simply, the company wants to build atop its early success while making room for wider participation. That\u2019s pretty reasonable.<\/p>\n

Yuga is not big on present-day efforts to build metaverses. Missing in today\u2019s metaverse efforts, per the company,\u00a0are things like \u201cpurpose,\u201d \u201cshared goals,\u201d and \u201creal stakes,\u201d along with \u201cconnections,\u201d \u201cdecisions,\u201d and a \u201cstory.\u201d It sums up its view by noting that a simple social hub set in a virtual world is not enough to command consumer attention over a longer time horizon.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2022\/03\/23\/what-yuga-labs-wants-to-build-after-raising-450m\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/03\/23\/what-yuga-labs-wants-to-build-after-raising-450m\/ What Yuga Labs wants to build after raising $450M 2023-01-20 22:59:49 Land, they are making lots of it The Yuga Labs investor deck from February is a fascinating document, bringing together gaming, a new currency, and an ever-growing pool of digital assets that can be bought and sold by fans of Yuga\u2019s well-known NFT […]<\/p>\n","protected":false},"author":1,"featured_media":17089,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,8],"tags":[],"class_list":["post-17088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","category-technology"],"yoast_head":"\nWhat Yuga Labs wants to build after raising $450M - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Yuga Labs wants to build after raising $450M - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2022\/03\/23\/what-yuga-labs-wants-to-build-after-raising-450m\/ What Yuga Labs wants to build after raising $450M 2023-01-20 22:59:49 Land, they are making lots of it The Yuga Labs investor deck from February is a fascinating document, bringing together gaming, a new currency, and an ever-growing pool of digital assets that can be bought and sold by fans of Yuga\u2019s well-known NFT […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/\" \/>\n<meta property=\"og:site_name\" content=\"Science and Nerds\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-20T22:59:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-20T22:59:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/what-yuga-labs-wants-to-build-after-raising-450m_63cb1ce635af7.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"533\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/\",\"url\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/\",\"name\":\"What Yuga Labs wants to build after raising $450M - Science and Nerds\",\"isPartOf\":{\"@id\":\"https:\/\/scienceandnerds.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/what-yuga-labs-wants-to-build-after-raising-450m_63cb1ce635af7.jpeg?fit=533%2C399&ssl=1\",\"datePublished\":\"2023-01-20T22:59:49+00:00\",\"dateModified\":\"2023-01-20T22:59:50+00:00\",\"author\":{\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\"},\"breadcrumb\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/what-yuga-labs-wants-to-build-after-raising-450m_63cb1ce635af7.jpeg?fit=533%2C399&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/what-yuga-labs-wants-to-build-after-raising-450m_63cb1ce635af7.jpeg?fit=533%2C399&ssl=1\",\"width\":533,\"height\":399},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/scienceandnerds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What Yuga Labs wants to build after raising $450M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/scienceandnerds.com\/#website\",\"url\":\"https:\/\/scienceandnerds.com\/\",\"name\":\"Science and Nerds\",\"description\":\"My WordPress Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/scienceandnerds.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/scienceandnerds.com\"],\"url\":\"https:\/\/scienceandnerds.com\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Yuga Labs wants to build after raising $450M - Science and Nerds","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/","og_locale":"en_US","og_type":"article","og_title":"What Yuga Labs wants to build after raising $450M - Science and Nerds","og_description":"Source:https:\/\/techcrunch.com\/2022\/03\/23\/what-yuga-labs-wants-to-build-after-raising-450m\/ What Yuga Labs wants to build after raising $450M 2023-01-20 22:59:49 Land, they are making lots of it The Yuga Labs investor deck from February is a fascinating document, bringing together gaming, a new currency, and an ever-growing pool of digital assets that can be bought and sold by fans of Yuga\u2019s well-known NFT […]","og_url":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/","og_site_name":"Science and Nerds","article_published_time":"2023-01-20T22:59:49+00:00","article_modified_time":"2023-01-20T22:59:50+00:00","og_image":[{"width":533,"height":399,"url":"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/what-yuga-labs-wants-to-build-after-raising-450m_63cb1ce635af7.jpeg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/","url":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/","name":"What Yuga Labs wants to build after raising $450M - Science and Nerds","isPartOf":{"@id":"https:\/\/scienceandnerds.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/#primaryimage"},"image":{"@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/what-yuga-labs-wants-to-build-after-raising-450m_63cb1ce635af7.jpeg?fit=533%2C399&ssl=1","datePublished":"2023-01-20T22:59:49+00:00","dateModified":"2023-01-20T22:59:50+00:00","author":{"@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e"},"breadcrumb":{"@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/#primaryimage","url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/what-yuga-labs-wants-to-build-after-raising-450m_63cb1ce635af7.jpeg?fit=533%2C399&ssl=1","contentUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/what-yuga-labs-wants-to-build-after-raising-450m_63cb1ce635af7.jpeg?fit=533%2C399&ssl=1","width":533,"height":399},{"@type":"BreadcrumbList","@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-yuga-labs-wants-to-build-after-raising-450m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/scienceandnerds.com\/"},{"@type":"ListItem","position":2,"name":"What Yuga Labs wants to build after raising $450M"}]},{"@type":"WebSite","@id":"https:\/\/scienceandnerds.com\/#website","url":"https:\/\/scienceandnerds.com\/","name":"Science and Nerds","description":"My WordPress Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/scienceandnerds.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/scienceandnerds.com"],"url":"https:\/\/scienceandnerds.com\/author\/admin\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/what-yuga-labs-wants-to-build-after-raising-450m_63cb1ce635af7.jpeg?fit=533%2C399&ssl=1","_links":{"self":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/17088"}],"collection":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/comments?post=17088"}],"version-history":[{"count":1,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/17088\/revisions"}],"predecessor-version":[{"id":17090,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/17088\/revisions\/17090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media\/17089"}],"wp:attachment":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media?parent=17088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/categories?post=17088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/tags?post=17088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}