Bored Ape Founder plan to Launch Virtual Land and Plot Sales.
After the tremendous popularity of the Bored Ape Yacht Club NFT collection, Yuga Labs decides to launch virtual real estate.
The project hopes to bring in hundreds and millions of dollars once the real estate is up for grabs. Yuga Labs is behind the super hyped Bored Ape Yacht Club NFT collection.
With its new virtual land sale plans, the projected revenue this year for Yuga Labs is $455 million.
The initiative of virtual land and plots for sale from Yuga Labs is promising progress made by the company in the realm of the metaverse. The document obtained by The Block further outlines Yuga Lab’s crypto token plans as well as its financial matters.
Last year, Yuga Labs made $127 million in revenue which is expected to reach $455 million primarily through virtual land sales. The company plans to distribute 200,000 plots in two segments; March and April.
The document known as the deck was circulated in the investors\’ circle as a part of ongoing fundraising. Yuga Labs hopes to raise fresh funds with a valuation of $5 billion, according to a report shared by Financial Times.
Earlier, Yuga Lab’s NFT collection enjoyed massive success thanks to some of the high-profile purchases done by celebrities like Jimmy Fallon, Snoop Dogg, and Serena Williams.
Yuga’s collection of cartoon primates amassed a trading volume of more than $1 billion.
Now, Yuga Labs eye expansion, “We want to build something that expands the universe of the BAYC, but also invites the larger NFT community (and those priced out of BAYC membership) to join,” read in the company’s deck.
Moreover, Yuga Labs also plan to build its metaverse revolving around gaming known as MetaRPG that will be compatible with several NFT\’s.
Moreover, its metaverse will also roll out a much-anticipated cryptocurrency known as APECoin.
Gaming News Of Video Game Consultant;
Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain based video games and its transactions and payments in the games.
Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.
If you want to stay up-to-date of my daily game news, then follow me on Google News.