Yuga Labs Invests in Hadean to Bring Otherside Metaverse to Life
Yuga Labs, the creator of the Bored Ape Yacht Club NFT brand, has announced a strategic investment in Hadean, a spatial computing startup. Hadean will provide technology to scale Yuga’s upcoming Otherside metaverse, allowing for a large number of players simultaneously. During the “Second Trip” playtest in March, over 7,200 players participated, filling the game world with avatars.
The exact amount invested by Yuga Labs in Hadean remains undisclosed but is described as “meaningful.” Hadean previously raised $5 million in March and $30 million in September 2022, including participation from Epic Games.
Enhancing Mass Concurrency with Hadean
Hadean will establish a team in the United States to collaborate with Yuga Labs on Otherside. The focus will be on achieving mass concurrency, enabling multiple players to interact in the same online environment simultaneously.
Yuga Labs CEO Daniel Alegre expressed excitement about deepening their commitment to Otherside through this long-term investment in Hadean. In September, Yuga Labs announced a commercial agreement with Hadean, along with partnerships with AccelByte, Bad Rhino, and Faraway.
Hadean: A Metaverse Infrastructure Startup
Hadean is primarily known as a metaverse infrastructure startup. Spatial computing involves blending digital technology with real-world applications. Apple’s Vision Pro mixed-reality headset serves as a prominent example of spatial computing.
In addition to owning the Bored Ape Yacht Club NFT brand, Yuga Labs also owns the IP to the influential CryptoPunks NFT collection. The company raised $450 million in March 2022 and has been increasingly focused on gaming as it develops Otherside.
Hot Take: Yuga Labs Expands Otherside Metaverse with Hadean Investment
Yuga Labs’ investment in Hadean highlights the company’s commitment to developing its Otherside metaverse. By partnering with Hadean, Yuga Labs aims to enhance mass concurrency and create unique live experiences for entertainment and gaming. This strategic move strengthens Yuga Labs’ position in the metaverse space, as it continues to build out Otherside with a focus on scalability and player interaction. With the backing of Hadean’s spatial computing technology, Yuga Labs is poised to create a dynamic and immersive metaverse experience for its users.
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