Popular NFT token project Bored Ape Yacht Club (BAYC) is in talks to raise funding from investors such as venture capital firm Andreessen Horowitz. The round of funding is estimated to be around $200 million, but the source added: “The deal is not yet closed.”
according to reportsof Axios Creator Bored Ape Yacht Club (BAYC) Discussing funding from investors, Axios contributor Kia Kokalitcheva and Dan Primack stated that the investment firm Andreessen Horowitz “In talks to lead the funding for Yuga Labs.”
Yuga Labs has created the BAYC NFT project alongside related NFT collections such as the Mutant Ape Yacht Club (MAYC), which at the time of this writing There are 6,296 unique addresses that own at least one of the 10,000 BAYCs, and the current floor price for BAYC is the most expensive 90 ethereum ( ETH ) or $272K
In addition to the Axios report, a Twitter account named “Nftnick.eth” (NFT Nick) is also available.tellWith his 80,400 social media followers about BAYC potentially “$5 billion” of funding, Axios said it “was learned from multiple sources.”
Kokalitcheva and Primack added in their report that “The deal is not closed,” which BAYC is currently very popular among celebrities as well. with famous singers like Justin Bieber, rapper Eminem, Steve Aoki of Linkin Park , LaMelo Ball of Charlotte Hornets and Shaquille O’Neal NBA legends all own BAYC NFTs.
In addition, BAYC has partnered with famous brands such as Rolling. Stone Arizona Iced Tea and Adidas, and has also created two BAYC-centric entertainment projects with support from the Universal Music Group and the other.at birthFrom Timbaland, producer of hit songs.
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