Why did Yuga Labs just raise $450M? It’s about more than just money. Yuga Labs announced they raised $450M at a $4B valuation, led by a16z. There are 36+ parties involved in this raise from Animoca Brands and Mark Cuban to Adidas and Samsung.The $450M came from a variety of investors, from VCs and Founders to celebrities and crypto native teams.Yuga Labs already made over $100M in NFT sales last year. Why did they need more money? I’ll touch on two major areas of the fundraising.1. Strategic ...

Why did Yuga Labs just raise $450M? It’s about more than just money. Yuga Labs announced they raised $450M at a $4B valuation, led by a16z. There are 36+ parties involved in this raise from Animoca Brands and Mark Cuban to Adidas and Samsung.The $450M came from a variety of investors, from VCs and Founders to celebrities and crypto native teams.Yuga Labs already made over $100M in NFT sales last year. Why did they need more money? I’ll touch on two major areas of the fundraising.1. Strategic ...