Yuga Labs acquires 10KFT and WENEW Labs | NFT CULTURE | Web3 Tradition NFTs & Crypto Artwork

WENEW and Yuga share a ardour for creativeness and storytelling; acquisition will speed up joint efforts to deliver extra creativity into web3

Co-founder and CEO of WENEW, Michael Figge, to hitch Yuga as Chief Content material Officer; Beeple, aka Mike Winkelmann, to hitch Yuga as an advisor

Yuga Labs, web3 chief and residential of the Bored Ape Yacht Membership (BAYC), at present confirmed the acquisition of WENEW and its flagship NFT assortment, 10KTF.

“Storytelling and world-building are foundational at Yuga and I’m thrilled that we get to work with the inventive thoughts hive at WENEW in a way more sturdy manner. The chances of what we will do collectively are countless.”

WENEW is a NFT powerhouse recognized for web3-centric partnerships with celebrated manufacturers akin to Louis Vuitton, Playboy, Wimbledon, Gucci, Puma, and others; along with these high-profile collaborations, WENEW is residence to the narrative-driven NFT assortment, 10KTF.

10KTF is an interoperable digital storefront the place holders from high NFT collections (BAYC, Cool Cats, Moonbirds, and others) can mint and gather one-of-a-kind NFTs that includes their digital avatar on varied metaverse-ready digital wearables. The gathering has attracted legions of devoted group members, gaining recognition by releasing serialized and narrative-driven content material from fictional store purveyor, Wagmi-san.

“Figge, Beeple, and the WENEW workforce have discovered a option to create a fascinating serialized story for web3, whereas additionally managing to faucet into the fervour individuals have for his or her digital avatars and customization,” stated Greg Solano, co-founder of Yuga Labs. “Storytelling and world-building are foundational at Yuga and I’m thrilled that we get to work with the inventive thoughts hive at WENEW in a way more sturdy manner. The chances of what we will do collectively are countless.”

“We constructed this firm with storytelling on the forefront,” stated Michael Figge, co-founder and CEO of WENEW. “Yuga’s first-class contributions to story, experiences, and group have been an enormous inspiration. Their ideas of openness impressed the interoperability of 10KTF. We’re excited to hitch Yuga and proceed constructing wonderful issues in NFTs and web3 collectively.”

Following the acquisition, Figge will be part of Yuga’s management workforce because the Chief Content material Officer, liable for pushing the boundaries of creativeness and creativity at Yuga by way of out-of-the-box content material methods and experiences. Beeple, aka Mike Winkelmann, will be part of Yuga Labs as an advisor.

Figge brings a novel inventive lens to Yuga from his expertise with Potential, the place he served as co-founder and Inventive Director, having architected immersive visible experiences for the Tremendous Bowl halftime present, Coachella, Louis Vuitton, dozens of worldwide live performance excursions, and League of Legends Worlds for which he was awarded an Emmy in 2021.

Along with Figge, practically 20 WENEW workers will transfer over to Yuga, bringing Yuga’s full-time employees to over 100 individuals all over the world.

About Yuga Labs

Yuga Labs is a web3 firm shaping the long run by way of storytelling, experiences, and group. Guided by the assumption that the potential of web3 could be realized once we begin with creativeness, not limitations, Yuga’s initiatives goal to reinvent what real-world utility for NFTs appear to be and push the house ahead as a complete. Since their launch in April 2021 with flagship assortment Bored Ape Yacht Membership, they’ve made headlines as one of many first corporations to launch IP licenses to their NFT holders, acquired and launched rights to different high collections (CryptoPunks and Meebits), and made web3 historical past with record-breaking synchronized participant participation of their latest initiative, Otherside. One of the formidable interactive metaverse tasks to this point, Otherside is constructed with the group, rebelling towards conventional walled gardens in gaming areas. In March 2022, Yuga Labs raised a $450M seed spherical at a $4B valuation.

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