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.

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.