Yuga Labs, owner of the three biggest NFT brands on the market including the Bored Ape Yacht Club, announced on Tuesday that it has raised a $450 million seed round led by a16z crypto, Andreessen Horowitz's crypto fund. It is now valued at $4 billion. Metaverse gaming company Animoca and its subsidiary, The Sandbox, crypto exchange FTX, Miami-based crypto fintech MoonPay, Liontree, Sound Ventures and Thrive Capital also participated in the latest round.
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