Yuga Labs, a web3 leader, is to acquire Roar Studios, a company at the convergence of gaming, social media, and the metaverse with deep technology and AI roots.
The amount of the deal was not disclosed.
Led by Founder and CEO, Eric Reid, who will join Yuga as the General Manager of Otherside, Roar Studios is the developer of ROAR, an immersive media experience where artists and fans connect, collaborate, and compete in real time from anywhere.
Developed by audio, game, and AI engineers, ROAR combines innovative proprietary technology with established MMO game and platform systems to produce an experiential, semi-autonomous music and entertainment world driven by individual content creators and community consensus.
As Yuga Labs develops Otherside – its interoperable metaverse – the Roar team will contribute their innovative technology, specialized expertise, and leadership.
Led by Daniel Alegre, CEO, Yuga Labs is the web3 company home of Bored Ape Yacht Club (BAYC), CryptoPunks, Meebits, 10KTF, and Otherside. In March 2022, Yuga Labs raised a $450M seed round at a $4B valuation.
FinSMEs
31/07/2023