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Yuga Labs creates and sells digital assets in the web3 space, including NFT collections like BAYC, MAYC, Otherside, Cryptopunks, and Meebits, built around storytelling and community. Its products are NFTs on a blockchain with on-chain records proving authenticity and scarcity; drops supply assets and they trade on secondary markets, with ApeCoin supporting governance and utility. The company differentiates itself by tying artwork to ecosystem-wide experiences, immersive environments, and a strong brand that links multiple products. Its goal is to build a lasting digital-asset ecosystem that blends art, culture, and interactive experiences while sustaining value through authentic, scarce on-chain assets and related experiences.
Industries
Consumer Software
Crypto & Web3
Entertainment
Gaming
Company Size
51-200
Company Stage
Seed
Total Funding
$450M
Headquarters
Coral Gables, Florida
Founded
2021
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Total Funding
$450M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Yuga Labs has acquired the Unreal Engine-based creation platform behind Otherside from tech firm Improbable, co-founder Greg Solano confirmed on Saturday. The deal includes a perpetual licence for Improbable's high concurrency technology, with many developers and engineers joining Yuga in the new year. The acquisition brings creator tools and the core technical team under Yuga's direct control. Solano described the move as a step towards building a leading creator platform in crypto, strengthening the company's focus on Otherside and Bored Ape Yacht Club with an emphasis on creator tools and digital ownership.
Orange Cap Games, a blockchain game development studio, has secured $3.5 million in seed funding. The round was led by 1kx and Yuga Labs, with participation from Bing Ventures.
The loyalty industry is changing due to the integration of blockchain technology. According to a PYMNTS Intelligence report, “From Transaction to Transformation: Blockchain’s Loyalty Proposition,” in collaboration with Solana, the loyalty market is projected to exceed $24 billion in revenue within the next five years, and brands are racing to tap into blockchain’s potential to create more flexible, appealing and profitable reward structures. Unlocking Loyalty With BlockchainBlockchain technology is reshaping loyalty programs by offering more flexible and engaging reward structures. A key advantage for brands is the use of smart contracts — self-executing agreements that eliminate intermediaries, streamlining processes, reducing costs, and boosting profitability
1Pavilion Solar advances to Solar Prize finals; wins $100K plus supportMiami-based Pavilion Solar is one of 10 teams nationwide moving to the final phase of the American-Made Solar Prize Round 7. The U.S. Department of Energy recently announced that 10 finalist teams were each awarded $100,000 in cash and $75,000 in technical support vouchers for their innovative ideas for advancing solar deployment.Pavilion Solar is developing a hurricane-resistant, structurally stable, accessible, and cost-effective solar carport. This innovation will increase residential solar adoption in hurricane-prone areas by providing a product that can endure storms and growing electricity needs. The finalist announcement was made at the conclusion of the second phase of competition, the Set! Contest, where 20 semifinalists participated in question-and-answer sessions with a panel of expert industry reviewers. The 10 teams that were chosen will now move on to the final phase, the Go! Contest, to bring their concepts closer to commercialization.“The Solar Prize has been so instrumental in helping innovators get new solar energy projects off the ground and closer to the hands of consumers,” said Markus Beck, manufacturing and competitiveness program manager at DOE’s Solar Energy Technologies Office. “The Round 7 finalist teams are already proving to be impactful at both the community and industry levels.”The Solar Prize, funded by DOE’s solar office and administered by the National Renewable Energy Laboratory, was launched in 2018 to inspire innovators to devise solutions that could help boost the efficiency, cost effectiveness, and widespread adoption of solar power
Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here. Think Web3 games are crappy? Yuga Labs is leaning into that with Dookey Dash: Unclogged, a Bored Ape universe game with a lot of toilets.The “dookey” here refers to stuff that goes in a toilet with green liquid. Led by Yuga Labs chief gaming officer Spencer Tucker and Alex Paley, cofounder of Faraway, the endless runner game Dookey Dash has returned with a closed beta test tournament that just ended and a soft-launch in limited regions.Dookey Dash: Unclogged will feature a new “creator mode,” where players can monetize the creation of skins and other cosmetics for in-game purchases. Creator mode uses the blockchain to mint skins/cosmetics on the Faraway digital storefront. They can be used in over 9,000 gaming experiences, as well as generate secondary sales for all players.Dookey Dash: Unclogged is in soft launch.The game continues the development of Yuga and Faraway’s interoperable gaming ecosystem. A series of partnerships will be hosted on the Faraway digital storefront
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Industries
Consumer Software
Crypto & Web3
Entertainment
Gaming
Company Size
51-200
Company Stage
Seed
Total Funding
$450M
Headquarters
Coral Gables, Florida
Founded
2021
Find jobs on Simplify and start your career today