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Yuga Labs, the parent company of BAYC NFTs, is raising funds at a valuation of $5 billion

January 25, 2022
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On January 25, according to theboredapegazette, after Eminem, Neymar and other well-known people bought the boring ape BAYC NFT, Yuga Labs, the parent company of the project, has started financing. It is reported that they are raising at a valuation of $5 billion. funds.

According to related reports, a person familiar with the matter said he obtained the news from a source close to the financing, and the valuation figure was basically confirmed at $5 billion.

In fact, BAYC financing is not a new rumor. It has been reported that Yuga Labs has sold some APE tokens to some VC investors, but so far, BAYC officials have not responded to this incident.

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