Yuga Labs Co-Founder Denies Rumors of New NFT Collection
Yuga Labs Co-Founder Dismisses Mecha Apes Rumors
Greg Solana, co-founder of Yuga Labs, has denied rumors that the company is planning to launch a new NFT collection called Mecha Apes by the end of the year. The speculation emerged after reports claimed Yuga Labs was considering raising $50 million through the sale of 100,000 tokenized land plots. Solana's statement clarifies that no such project is in the works, putting the rumors to rest.
NFT Adoption Continues Across Industries
While Yuga Labs focuses on its existing projects, other brands are actively exploring NFT opportunities. Budweiser recently celebrated the Ethereum Merge by minting an NFT on the last Ethereum PoW block, showcasing the growing intersection of blockchain and mainstream culture. Similarly, Funko, a leading pop culture consumer products company, is leveraging NFTs to drive revenue growth, according to its CEO. These moves highlight the expanding role of NFTs in both entertainment and finance.
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