Beeple's 10KTF NFT and WENEW Projects Are Acquired by Yuga Labs

Yuga Labs, the company behind the Bored Ape Yacht Club and Otherside metaverses, recently made an announcement that it has bought the NFT firm WENEW Labs and its flagship NFT collection, 10KTF, adding them to its Yugaverse.

Before diving into this piece, you may want to catch up on some relevant stories, like how Alameda Research utilized insider trading to acquire FTX tokens or how the FTX Exchange was hacked for almost $600 million.

The release states that Beeple will take on the role of adviser while Michael Figge, co-founder and previous CEO of WENEW, will take on the role of Chief Content Officer at Yuga.

Beeple and Figge aren't the only ones from WENEW who will be joining Yuga; their numbers help push the worldwide total of Yuga's full-time workers to over 100.

Wagmi-san, the Tokyo-based "digital artist" featured in the 10KTF NFT collection, has been teased as a potential future addition to the Otherside Metaverse game.

Yuga Labs co-founder Greg Solano said that the company places a high value on narrative and world-building, and he is excited about the opportunity to collaborate with the creative community at WENEW. They can accomplish anything by working together.

Meanwhile, Figge said that they prioritized storytelling at the firm's establishment. The stories, experiences, and community that Yuga shared were all first-rate, and they were a major motivation for others. Because of their commitment to transparency, 10KTF is designed to work with a wide variety of other systems. They're thrilled to be joining Yuga and look forward to working with the team to create even more remarkable NFTs and web3 applications.

Beeple is stepping up his NFT game with a number of new projects. Beeple has been hinting at plans for a physical studio in the last month, saying it would serve as a showcase for not just his own work but for the whole digital art and NFT communities.

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