Yuga Labs, the startup that developed the Bored Ape Yacht Club (BAYC) series of non-fungible tokens (NFTs), plans to launch a new NFT series, “Mecha Apes”, by the end of this year, according to a filing on Sept. 15.
Previously, Yuga Labs successfully raised $600 million by selling its NFT series “Otherdeeds for Otherside” at an initial price of $6,000.
Team Yuga continues to expand its reach in the emerging Web 3.0 and metaverse worlds by acquiring IP rights to the CryptoPunks and Meebits series.
Yuga Labs has been low profile on releasing the NFT series. Still, the company has launched a Mecha Piece as a product in the Otherdeeds virtual land, and Yuga Labs has not disclosed any information about the Mecha Apes collection.
In March, the team also floated the ApeCoin (APE) token, which rose to become the best performer, as detailed by Blockchain.News.
Yuga Labs proposed to move ApeCoin from Ethereum to its own blockchain, and Ape holders are currently competing for this proposal.
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