Yuga Labs Acquires NFT Rival to Gain Moonbirds Collection
Yuga Labs, which created the Bored Ape Yacht Club (BAYC), has successfully bought PROOF, a competing NFT company. In an official blog post released on Friday, Yuga Labs shared its future goals following the acquisition. Yuga Labs wants to become the “front door of Web3” through this strategic brand growth, but the deal’s financial details have not been made public yet.
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