Yuga Labs, the company behind the"Bored Ape Yacht Club" collection of NFTs, said on Tuesday it was valued at $4 billion after a $450 million funding round led by a16z crypto, Andreessen Horowitz's crypto fund.
The hype around digital assets that propelled crytocurrencies like bitcoin to record prices last year, has also spilled over into nonfungible tokens, or NFTs.
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