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Bored Ape startup plans virtual land sales, APECoin token to kickstart metaverse gaming project

Yuga Labs, the business behind the heavily hyped Bored Ape Yacht Club NFT collection, is hoping to raise hundreds of millions of dollars by selling off virtual plots of land. A pitch deck obtained by The Block outlines projections for the sales, as well as information about a sweeping new metaverse initiative, Yuga’s planned token, and key financial metrics. According to the document, Yuga made a cool $127 million in net revenue last year, a figure it projects will reach …

Animoca Brands snaps up mobile game maker Grease Monkey Games

Animoca Brands, the gaming and virtual worlds-focused company, said Thursday morning that it has acquired Grease Monkey Games, a development studio that has produced several mobile-focused titles. “The current management of Grease Monkey Games will continue to operate the company after the acquisition, working closely with Animoca Brands to align efforts relating to blockchain integration, fungible tokens, non-fungible tokens (NFTs), play-to-earn capabilities, synergy opportunities, and product launches, particularly in connection to Animoca Brands’ REVV Motorsport ecosystem,” Animoca said in an …