Yuga Labs Rumours

Yuga Labs, the creator of popular NFT collections such as Bored Apes Yacht Club, Mutant Apes Yacht Club, and Otherdeed NFTs collection, has refuted rumuors claiming that it plans to raise $50 million to launch new NFT collections.

Rumours Claim $50M Raise For Mecha Ape NFTs

Mid this week, leaked documents shared by the crypto media outlet Protos claimed that Yuga Labs intends to raise $50 million from the collection and unleash 100,000 digital land deeds in its metaverse venture, Otherside.

According to Protos, the creator of the Bored Ape Yacht Club NFT collection, planned to secure $50 million to launch the brand new non-fungible token collection dubbed “Mecha Apes” before the end of the year.

Yuga Labs Refutes Mecha Apes NFTs Claims

The Bored Ape Yacht Club creator has always been selective and sensitive about its projects. In that case, Greg Solano, the co-founder of Yuga Labs, has dismissed rumours claiming Mecha Apes NFT launch. Solano has described those reports as fake news.

In a related scenario, a similar pitch deck from the company leaked earlier this year, suggesting that Yuga Labs anticipated launching the Mache Apes NFT project this September. Again, the Yuga Labs boss rapidly refuted such claims.

Leaked Pitch Deck

At the time, the Yuga Labs boss defended his company’s leaked roadmap and described it as an old” and “outdated” pitch desk without further comments. Meanwhile, Although details are scarce, the Mecha NFT piece has been featured as one of the artifacts in the Otherdeeds.

Elsewhere, Yuga Labs continue making progressive strides to further its NFT vision. On September 17, Yuga Labs announced the appointment of Spencer Tucker as the first Chief Gaming Officer (CGO). Tucker, the former president of mobile gaming firm Scopely, will be in charge of all the gaming initiatives in the company and its Otherside metaverse venture.

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