• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Bored Ape Yacht Club creators are in funding talks with Andreessen Horowitz: Report
Bored Ape Yacht Club creators are reportedly in funding talks with Andreessen Horowitz: Report

Bored Ape Yacht Club creators are in funding talks with Andreessen Horowitz: Report

February 4, 2022 by Goku

Bored Ape Yacht Club creators Yuga labs reportedly have funding talks with Andreessen Horowitz. Andreessen Horowitz (a16z) is a venture capital company in Silicon Valley, California that backs visionary entrepreneurs shaping the future via technology.

Financial Times sources said that Yuga Labs is in negotiations about selling a multimillion-dollar interest with a16z among the corporations it is targeting, the Financial Times stated, quoting people with knowledge of the conversations. The funding would grant it a valuation as high as $5 billion.

Bored Ape Yacht Club NFT madness

BAYC is a collection of 10,000 Bored Ape NFTs, which are one-of-a-kind digital collectibles that exist on the Ethereum blockchain. Your Bored Ape also doubles as your Yacht Club membership card, allowing you to take advantage of unique member advantages.

Each Bored Ape is one-of-a-kind and unique, with over 170 features to pick from, including attitude, cap, outfit, and more. Although all apes are excellent, some are rarer than others.

Since its introduction in April 2021, BAYC has witnessed remarkable growth and development, especially among celebrities. Celebs like Kevin Hart, Justin Bieber, Jimmy Fallon, Post Malone, Snoop Dogg, Von Miller, Lil baby, The Chainsmokers, Steph Curry, Adam Draper, Mark Cuban, Shaquille O’Neal, and so on possess BAYC NFTs.

Andreessen Horowitz eyes crypto

The Financial Times notified that Andreessen Horowitz (a16z), who has invested substantially in the crypto business, is trying to raise $4.5 billion for new funds. The FT stated that the company informed investors it is aiming for $3.5 billion for a crypto startup fund, citing sources briefed on the conversations. That will eclipse the $2.2 billion it raised in June for its Crypto Fund III, at the time the industry’s most significant.

It has targeted another $1 billion for a fund that would invest in initial capital for digital asset enterprises, according to the FT. The new crypto fund would be the industry’s largest, exceeding Paradigm’s $2.5 billion raised in November.

With the growing madness of NFTs and metaverse, big companies are pooling their funds into crypto startups. Even though mixed feelings revolve around NFTs and their usability, people keep buying NFTs and make millions flipping them.

Filed Under: News, New in Town Tagged With: BAYC, Bored Ape, NFT

Primary Sidebar

Recent Posts

  • Gokhshtein’s Ethereum Tweet Amidst zkSync’s Launch Of World’s First zkEVM Mainnet? March 26, 2023
  • Shiba Inu Releases Documentation For Shibarium Beta: A Low-Cost Blockchain Solution March 26, 2023
  • Polygon Prepares For Mainnet Beta Launch Of zkEVM – What To Expect March 26, 2023
  • SushiSwap Faces A Double Whammy: SEC Subpoena & Market Cap Drop March 25, 2023
  • Binance Spot Trading Halts: Swift Response & Transparent Updates Eases Customer Concerns March 25, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.