Yuga Labs, the company behind the NFT Bored Ape Yacht Club (BAYC) project, is opening the possibility of raising capital with a valuation of $ 5 billion.


Specifically on January 25, an account named NFT Nick.Eth announced in his discussion video that Bored Ape Yacht Club is raising capital with a valuation of USD 5 billion. NFT Nick explained he received the news from a source close to the project.

On the other hand, during the online community discussion held by BAYC member RDM_41 last week, there were also rumors that Yuga Labs (BAYC's parent company) may have sold APE tokens to investors. organization.


“For those who are interested, it seems that the story of APE being sold to the hedge fund really appeals to people. I have confirmed with 3 different parties. I will keep my thoughts to myself until I try to find out exactly what this information is.”


Furthermore, RDM_41 shared that he feels the fundraising is an important milestone in the future development for BAYC. Because, the team is always focused on the long-term goal and the sale of shares of Yuga Labs is a smart move to finance BAYC growth.


“I have also received information that funds will not be able to purchase APE at a discount.”


Bored Ape Yacht Club is a collection of 10,000 NFTs with avatars “ape” (apes) built on the Ethereum blockchain. Each ape will have unique characteristics, such as different skin colors, accessories and effects.


However, from the above data combined with the plan to prepare to issue tokens in Q1/2022 , the possibility of BAYC raising capital in the near future is quite high. Since its launch in April 2021, Bored Ape Yacht Club (BAYC) quickly achieved many unexpected successes, becoming the leading craze in the NFT space.


Dubbed the "Supreme" of the NFT village , BAYC has become one of the main traction forces helping the NFT market to boom again after a while of losing its attractiveness to investors with sky-high revenue. on OpenSea. At the time of writing, although the market was affected after the crash to 33,000 USD, BAYC was still not shaken, still growing by 138.6% in the past 24 hours.


Top NFT projects on OpenSea. Source: OpenSea

Top NFT projects on OpenSea. Source: OpenSea

Moreover, BAYC is also the preferred destination of many celebrities, traditional companies as well as large organizations in the crypto industry, aiming to exploit the outstanding potential of NFT. Typically, the partnership with Animoca Brands to launch the game in 2022 , deploying an exclusive NFT collection with sports giant adidas and being paid 123.45 ETH by legendary rapper Eminem to own an NFT work.