Leading Nft Creator Handed A $4 Billion Valuation Following $450 Million Seed Round

Yuga Labs, the maker of the multimillion-dollar Bored Ape Yacht Club NFTs, just raised a $450 million seed round at a $4 billion valuation. The Miami-based NFT company behind Bored Apes Yacht Club has yet to raise any funds, though the startup has long caught the eye of VCs keen to back a major player in the NFT craze. Yuga Labs has also just launched ApeCoin, in which the founders and executives of the startup have a substantial stake. The token gathered a multi-billion dollar market capitalization on its first day of trading