Yuga Labs acquires Beeple’s 10KTF, names him advisor
NFT
Beeple is becoming a member of Yuga Labs.
The Bored Ape Yacht Membership (BAYC) creators acquired the artist’s NFT platform Wenew and its flagship NFT assortment, 10KTF. Beeple, whose actual title is Mike Winkelmann, will turn out to be an advisor to the corporate.
The transfer follows Yuga Labs’ acquisition of the CryptoPunks and Meebits NFT collections from Larva Labs earlier this yr. 10KTF is an interoperable digital storefront the place the place holders from prime NFT collections equivalent to BAYC, Cool Cats and Moonbirds can mint and acquire one-of-a-kind NFTs that includes their digital avatar on digital wearables.
Co-founder and CEO of Wenew, Michael Figge, may also be part of Yuga Labs as chief content material officer. Almost 20 Wenew staff will comply with him to Yuga Labs, which was valued at $4 billion throughout its $450 million seed spherical in March, bringing the corporate’s variety of full-time employees to over 100.
“Figge, Beeple, and the Wenew staff have discovered a technique to create a fascinating serialized story for web3, whereas additionally managing to faucet into the eagerness individuals have for his or her digital avatars and customization,” Greg Solano, co-founder of Yuga Labs, stated.
