{"id":57131,"date":"2022-02-03T18:27:34","date_gmt":"2022-02-03T16:27:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57131"},"modified":"2025-09-04T10:07:37","modified_gmt":"2025-09-04T07:07:37","slug":"media-reports-that-bored-ape-yacht-club-founders-plan-to-raise-funding-from-a16z","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-reports-that-bored-ape-yacht-club-founders-plan-to-raise-funding-from-a16z\/","title":{"rendered":"Media reports that Bored Ape Yacht Club founders plan to raise funding from a16z"},"content":{"rendered":"<p>The startup behind the NFT collection Bored Ape Yacht Club (BAYC), Yuga Labs, is in talks with Andreessen Horowitz (a16z) and other potential investors to raise funds. The firm&#8217;s valuation could reach $4 billion to $5 billion, according to the <a href=\"https:\/\/www.ft.com\/content\/acc635d6-bb05-4af6-b4da-b8462c06466d\">Financial Times<\/a>.<\/p>\n<p>People familiar with the matter noted that the deal is at the discussion stage and its terms could change.<\/p>\n<p>Experts interviewed by the FT said that investors are drawn to a community of celebrities and well\u2011heeled NFT enthusiasts. According to the newspaper&#8217;s sources, Yuga Labs could issue special tokens for investors and existing BAYC holders.<\/p>\n<p>According to <a href=\"https:\/\/nonfungible.com\/project\/boredapeclub\/BAYC\/3749\">NonFungible<\/a>, the most expensive BAYC token, #3749, sold for 740 ETH (about $2.9 million).<\/p>\n<p>Earlier this year, BAYC #9055 <a href=\"https:\/\/u1f987.com\/en\/news\/eminem-buys-bored-ape-yacht-club-nft-for-450000\">became<\/a> the American rapper Eminem. The purchase cost him 123.45 ETH (over $450,000).<\/p>\n<p>Previously, a set of 107 NFT Bored Ape Yacht Club <a href=\"https:\/\/u1f987.com\/en\/news\/sothebys-sells-bored-ape-yacht-club-nft-set-by-yuga-labs-for-24-4-million\">went under the hammer<\/a> at Sotheby\u2019s for $24.4 million. The final price significantly exceeded the maximum estimate, which was $18 million.<\/p>\n<p>Earlier, Yuga Labs <a href=\"https:\/\/u1f987.com\/en\/news\/yuga-labs-bored-ape-yacht-club-to-get-its-own-erc-20-token\">announced<\/a> the launch of an <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-erc-20-tokens\">ERC-20<\/a> token for the ecosystem in Q1 2022.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full slate of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The startup behind the NFT collection Bored Ape Yacht Club (BAYC), Yuga Labs, is in talks with Andreessen Horowitz (a16z) and other potential investors to raise funds. The firm&#8217;s valuation could reach $4 billion to $5 billion, according to the Financial Times.<\/p>\n","protected":false},"author":1,"featured_media":57132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[848,1356,1213],"class_list":["post-57131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-andreessen-horowitz","tag-bored-ape-yacht-club","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=57131"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57131\/revisions"}],"predecessor-version":[{"id":57133,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57131\/revisions\/57133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/57132"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=57131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=57131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=57131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}