StageSeed VC | Alive
Last Raised$450M | 1 yr ago
About Yuga Labs
Yuga Labs operates as a blockchain technology company. It develops non-fungible tokens and digital collectibles. The company specializes in the fields of cryptocurrency and digital media. It was founded in 2021 and is based in Coral Gables, Florida.
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Research containing Yuga Labs
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Yuga Labs in 6 CB Insights research briefs, most recently on Nov 17, 2022.
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Expert Collections containing Yuga Labs
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Yuga Labs is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Various industries include financial services, trade finance, supply chain, enterprise tech, consumer and retail, and healthcare.
Companies in this collection map to our metaverse market map, published on 4/13/2022. Read the full metaverse report here: https://app.cbinsights.com/research/metaverse-market-map/
Latest Yuga Labs News
May 31, 2023
Ultimately, The Otherside is a massively multiplayer online role-playing game (MMORPG) and metaverse platform connected to the BAYC ecosystem. Further, it is a gamified, interoperable metaverse currently under development. Moreover, the game blends mechanics from MMORPGs and web3-enabled virtual worlds. Think of it as a “metaRPG” where the players own the world, your NFTs can become playable characters, and thousands can play together in real time. Pretty cool, huh? Until now, The Otherside developments have spoiled us. We’ve witnessed Legends of the Mara (LoTM), decoupled Kodas, Vessels, and Otherdeed Expanded NFTs. You can read about all of these in the official blog series . What is The Latest Update? Now, the latest update is regarding the StarMap. On May 30th, 2023, The Otherside announced that “your Otherdeed expanded is your game board, but look to the skies where the constellations align to provide a vision of the future.” In addition, in Legends of the Mara, the spotlight is on the ancient Kodas, but they won’t fight alone. Allies will join the battle to protect Otherside from the Shattered. Significantly, the update explains that voyagers will not be going into battle solo. Markedly, alliances are being formed with various Yuga Labs PFP collections and a carefully chosen group of third-party PFP collections. These alliances will bring reinforcements into the epic battle of Legends of the Mara. By owning one of these battle ally NFTs, you’ll gain additional means to defeat the Shattered and collect their valuable treasures. Even a low-tier environment with limited Hunter slots can gain a strategic advantage in the fight against the Shattered, potentially leading to a higher position on the Leaderboard. This announcement is exciting for those immersed in The Otherside experience. Finally, Yuga Labs urge participants to choose their battle alliances wisely, as there is a limited number of ally NFT slots available. Yuga Labs has delivered consistently, and this update has not disappointed. Be sure to check back often for regular updates!
Yuga Labs Frequently Asked Questions (FAQ)
When was Yuga Labs founded?
Yuga Labs was founded in 2021.
Where is Yuga Labs's headquarters?
Yuga Labs's headquarters is located at 1430 South Dixie Highway, Coral Gables.
What is Yuga Labs's latest funding round?
Yuga Labs's latest funding round is Seed VC.
How much did Yuga Labs raise?
Yuga Labs raised a total of $450M.
Who are the investors of Yuga Labs?
Investors of Yuga Labs include FTX Ventures, Andreessen Horowitz, Thrive Capital, Knick Capital, Sound Ventures and 8 more.
Who are Yuga Labs's competitors?
Competitors of Yuga Labs include HARTi and 3 more.
Compare Yuga Labs to Competitors
HARTi is an artificial intelligence-based designing and exhibition platform. It provides branding and new business development consulting for companies that utilize web 3.0-related technologies such as non-fungible token (NFT) art and various industries and industries centered on art. It was founded in 2019 and is based in Tokyo, Japan.
Axie Marketplace is a marketplace where users can trade tokens earned through playing Axie Infinity.
Sky Mavis develops blockchain based games and products. It develops Axie Infinity which is a digital pet universe game and players battle. The company was founded in 2019 and is based in Singapore, Singapore.
Star Atlas is a virtual gaming application. It creates games based on interstellar war. It provides individuals with a unique gaming experience by combining blockchain mechanics with traditional game mechanics. It is based in Las Vegas, Nevada.
Decentraland develops a virtual reality platform powered by the Ethereum blockchain. It helps users to create, experience, and monetize content, virtual world, and applications. The company was founded in 2015 and is based in Carlsbad, California.
Neopets Metaverse is a decentralized, community-driven gaming platform that offers mini-games, PvP (Player versus player) combat, and a customization system for a web 3.0 gameplay experience. It also integrates a gaming IP into the blockchain ecosystem. The company was founded in 2021 and is based in Wan Chai, Hong Kong.
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