The Yuga Labs investor deck from February is a fascinating document, bringing together gaming, a new currency, and an ever-growing pool of digital assets that can be bought and sold by fans of Yuga.
I ran through the deck last night and again this morning to better understand the company's financials, expectations, and business promise. Yuga raised $450 million at a $4 billion valuation, a deal that it announced earlier this week.
Money, markets and startups are explored by the Exchange.
You can get The Exchange newsletter every Saturday.
The web3 people are having a lot of fun as they see their current interest in blockchain-based assets and related applications become the object of ample investor interest and consumer demand. That doesn't happen a lot.
With popular NFT projects under its belt, and some evidence of ability to use one collection of digital assets to grow another, Yuga has ambitious plans for the coming years. It also has a fresh half-billion in capital to help power its vision. This morning, let’s talk about what it wants to build, and how the economics shake out.
Yuga is about to make a lot of money if things go according to plan.
Yuga wants to expand the universe and invite the larger NFT community at the same time. The company wants to build on its early success while making room for more participation. That is pretty reasonable.
Yuga is not a big fan of building metaverses. There are things missing in today's metaverse efforts.
All Rights Reserved © 2024
