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Yuga Labs fetches $450M in funding, Charles Hoskinson’s prediction falls short and spot BTC ETFs incoming? Hodler’s Digest, March 20-26

by Mike Robinson

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Yuga Labs fetches $450M in funding, Charles Hoskinson’s prediction falls short and spot BTC ETFs incoming? Hodler’s Digest, March 20-26

Yuga Labs, NFT creator raises $450M to bring company value up to $4B

Yuga Labs was the seed fund manager for Bored Ape Yacht Club NFTs. They raised $450M in funding. The company is valued at $4Billion. It was no surprise that Andreessen Horowitz (a16z), a leading venture capitalist and cash cow, led the round.

Yuga Labs also announced ApeCoin recently and plans to continue to grow its staff. It will use the funds for recruitment, marketing, and support of joint ventures.

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