BAYC Parent Company Yuga Labs Closed a $450 Million Financing Round Led by a16z

BAYC parent company Yuga Labs has closed a $450 million round of funding at a $4 billion valuation led by a16z with participation from Animoca Brands, Sound Ventures and MoonPay. Previously, Yuga Labs had acquired popular NFT projects CryptoPunks and Meebits from Larva Labs earlier this month and launched ApeCoin ($APE). In addition, top venture capital a16z has changed its Twitter avatar to a Bored Ape.