Long Take: The Yuga Labs triple threat -- $3B NFT floor, $4B valuation, and $12B of $APE

Gm Fintech Architects —

Today we are diving into the following topics:

• Summary: Today we look at the $450MM raise by Yuga Labs, creators of Bored Apes and acquirer of CryptoPunks. In particular, we focus on the interplay of primary issuance and its dynamics relative to the markets — a $3B NFT collection, a $12B fungible token, and a $4B venture valuation. These are recursive dynamics. We double check the logic of issuing fungible tokens on top of luxury goods communities by looking at ConstitutionDAO and Loot.

• Topics: NFTs, metaverse, capital markets, venture capital

• Tags: Yuga Labs, Bored Apes, CryptoPunks, ConstitutionDAO, Loot, Adventure Gold

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