Fast take:
Yuga Labs will now add the PROOF Collective, Moonbirds, Oddities, Mythics, and Grails exhibition sequence to its rising portfolio of NFT tasks.
The corporate acquired Meebits and CryptoPunks from Larva Labs in 2022 and likewise owns 10KTF.
Its NFT tasks embody the Bored Ape Yacht Membership and associated collections, Otherdeeds for Otherside Metaverse, and the Bitcoin Ordinals-based TwelveFold.
Yuga Labs has acquired Web3 mission PROOF based on press materials shared with NFTgators. The corporate now expands its portfolio of NFT tasks, which already consists of the likes of Bored Ape Yacht Membership, Mutant Ape Yacht Membership, CryptoPunnks, Meebits, TwelveFold and Otherdeeds, amongst others.
Yuga Labs plans so as to add Moonbirds, PROOF’s main NFT mission to Otherside, its metaverse mission. Additionally becoming a member of the Yuga Labs portfolio would be the PROOF Collective, Oddities, Mythics, and Grails exhibition sequence.
“The acquisition of PROOF’s belongings, together with its crew, mental property, and inventive portfolio, aligns with Yuga’s imaginative and prescient to grow to be the entrance door of web3,” Yuga Labs wrote in an announcement on Friday.
Commenting on the announcement, Daniel Alegre, CEO of Yuga Labs stated the acquisition of PROOF is an illustration of his firm’s dedication to to championing artwork, tradition, and group on the blockchain.
“Moonbirds is a set with nice potential and plenty of unifying model components with Otherside. We look ahead to PROOF Collective turning into an essential a part of our ongoing artwork and group engagement efforts,” Alegre stated.
Based on the announcement, Kevin Rose, CEO & Founding father of PROOF will grow to be an advisor to Yuga Labs following the completion of the handover, with the PROOF crew additionally taking some key positions at Yuga.
Josh Ong, Jesse Bryan, and Amanda Gadbow have been tasked with overseeing the transition of the Moonbirds assortment and different key components into the Yuga ecosystem.
Kevin Rose stated the transfer to Otherside was good for the way forward for his firm’s NFT collectors. “With the PROOF Collective on board, it reveals Yuga’s dedication to digital fantastic artwork, and our mixed assets will enable us to innovate quicker and attain extra folks. It’s going to be an thrilling journey,” Rose stated.
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