17 September
Last Update: 17 September

Yuga Labs Will Release The New Collection By The End Of The Year!

Recent document leaks indicate that Yuga Labs will introduce its new NFT collection by the end of 2022. It was announced that Mecha Apes would be the new NFT collection. It is also anticipated to be introduced by the year's end. To debut the collection, Yuga Labs plans to raise $50 million in cash as well as more than 100,000 pieces of Metaverse real estate.

Yuga Labs and NFT Collections

The company has a good track record in the NFT space. The company has previously attracted attention with its sold Metaverse terrain pieces, known to NFT fans as the 'Otherdeeds for Otherside' NFT collection. Yuga Labs has generated more than $600 million in revenue by selling each of its NFTs at a starting price of $6,000 per title. Since the deed sale, Otherdeeds NFTs have dropped to their lowest price of $2700. The crypto market crash caused a serious price drop. However, the NFT market also experienced a decline. It is also currently down about 99 percent from its 2021 high.

Internet resources for Mecha Apes are currently limited. However, NFT supporters are gradually revealing details about the NFT collection, Mecha Apes. Otherdeeds' virtual places, where Metaverse players would virtually interact in the same location, are referred to by Yuga Labs as virtual spaces. Live and genuine voice discussions that are not constrained by the number of players are a part of action interactions. Artificial intelligence is what drives these games with the ultimate experience.

Many Metaverse fans are saying on Twitter that Yuga Labs is planning to launch a play-to-win game in a sandbox. It is also expected that Otherdeeds NFT lands will be used to support the game. According to fans, lands and other collectibles will be in-game items that players can trade. Yuga Labs is an NFT developer that generally works undercover. However, during the fundraiser in March, the company shared a preview of the roadmap of plans and ideas. It raised more than $450 million at an a16z-run fundraising event. In addition, the company earned a valuation of $ 4 billion at that time.

The most popular company in the industry!

By purchasing the acquisition rights to additional well-known collectibles like Meebits and CryptoPunks, the most actively traded pool ever, Yuga Labs is a leader in the NFT industry. The Otherdeeds Metaverse terrain collection currently has one of the biggest volumes when compared to other NFT collections.


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