Yuga Labs, the company behind popular NFT projects like Bored Ape Yacht Club (BAYC) and CryptoPunk, has made a significant move by acquiring Web3 company Roar Studios. The aim is to bolster its ambitious Otherside metaverse.
Roar Studios, known for crafting captivating interactive experiences that enable real-time connection, collaboration, and competition from anywhere, will play a crucial role in supporting Yuga Labs’ vision. Its cutting-edge technology, expertise, and leadership will be integrated into the project.
Eric Reid, the Founder and CEO of Roar Studios, will take on the role of General Manager of Otherside as part of the acquisition.
This development follows Yuga Labs’ successful funding round in March 2022, where the company raised $450 million to advance the development of Otherside NFT metaverse, an MMORPG (Massively Multiplayer Online Role-Playing Game) linked to the BAYC Ecosystem.
In March, Yuga Labs unveiled the Second Trip in its Otherside metaverse, allowing Otherdeed holders to embark on an hour-and-a-half-long immersive journey. Gamers engaged in competitive gameplay while exploring new environments within the metaverse.
Notably, in response to heightened community engagement, Yuga Labs expanded its offerings. The company revealed “Legends of the Mara,” an experience enhancing the Otherside project, and unveiled a collaborative project with Gucci called KodaPendant.
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