Yuga Labs Acquires WENEW & Its Flagship NFT Series 10KTF

The Bored Ape Yacht Membership (BAYC) and web3 chief Yuga Labs right this moment introduced the acquisition of WENEW and its bestselling NFT assortment, 10KTF.

WENEW compiles and launches NFTs of probably the most noteworthy occasions in politics, sports activities, vogue, and humanities. Along with high-profile relationships with famend corporations like Louis Vuitton, Playboy, Wimbledon, Gucci, Puma, and others — WENEW can be residence to the story-driven NFT line, 10KTF, making it an NFT power-house.

The Craze Round 10KTF

Holders of the highest NFT collections (BAYC, Cool Cats, Moonbirds, and others) can mint and accumulate one-of-a-kind NFTs showcasing their digital avatar on varied metaverse-ready digital wearables by way of 10KTF which is an interoperable digital market. The gathering gained reputation by publishing serialized and narrative-driven content material from the fictional store purveyor, Wagmi-san, and has attracted hordes of devoted group members.

Rise of Customized Digital Avatars

Greg Solano, the co-founder of Yuga Labs, praised Figge, Beeple, and the WENEW group for his or her efforts in creating an interesting serialized story for web3 whereas additionally having the ability to faucet into the love folks have for his or her digital avatars and infinite customizations.

He additional went on to state,

“Storytelling and world-building are foundational at Yuga and I’m thrilled that we get to work with the inventive thoughts hive at WENEW in a way more sturdy manner. The probabilities of what we will do collectively are infinite.”

Yuga Seeks To Develop With WENEW Deal

Following the acquisition, Michael Figge — the CEO & co-founder of WENEW, will be a part of Yuga’s govt group to guide the place of Chief Content material Officer. He might be in control of pushing the corporate’s limits of creativeness and innovation by way of novel content material methods and experiences. Mike Winkelmann, alias Beeple, will work as an advisor for Yuga Labs.

Almost 20 WENEW workers might be shifting over to Yuga, which carry Yuga’s full-time employees to over 100 folks around the globe.

Michael Figge identified that,

“We constructed this firm with storytelling on the forefront. Yuga’s first-class contributions to story, experiences, and group had been an enormous inspiration. Their ideas of openness impressed the interoperability of 10KTF. We’re excited to affix Yuga and proceed constructing superb issues in NFTs and web3 collectively.”

About Yuga Labs

Yuga Labs is a web3 firm shaping the long run by way of storytelling, experiences, and group. Guided by the assumption that the potential of web3 might be realized after we begin with creativeness, not limitations, Yuga’s initiatives purpose to reinvent what real-world utility for NFTs appear like and push the area ahead as a complete.

Since their launch in April 2021 with flagship assortment Bored Ape Yacht Membership, they’ve made headlines as one of many first corporations to launch IP licenses to their NFT holders, acquired and launched rights to different prime collections (CryptoPunks and Meebits), and made web3 historical past with record-breaking synchronized participant participation of their latest initiative, Otherside.

One of the crucial formidable interactive metaverse tasks to this point, Otherside is constructed with the group, rebelling towards conventional walled gardens in gaming areas.