Yuga Labs Acquires Roar Studios to Expand Otherside Metaverse
Yuga Labs, the Web3 behemoth behind Bored Ape Yacht Club, has announced its acquisition of Roar Studios. This move is part of Yuga Labs’ plan to expand its Otherside metaverse and create engaging social experiences for Web3 communities. Roar Studios, founded by entertainment executive Eric Reid, focuses on the intersection of music, gaming, and social media. The studio raised $7 million in October 2021 to build a “music metaverse” that allows artists worldwide to collaborate digitally.
Main Breakdowns:
– Yuga Labs acquires Roar Studios to enhance its Otherside metaverse.
– Roar Studios will contribute its innovative technology and expertise to Yuga Labs.
– Daniel Alegre, CEO of Yuga Labs, expresses excitement about Roar’s dedication to creative content creation and social connections.
– Eric Reid, founder of Roar Studios, will join Yuga Labs as the General Manager of Otherside.
– Yuga Labs aims to create a virtual space where all its intellectual property converges.
Hot Take:
The acquisition of Roar Studios by Yuga Labs is a strategic move to further strengthen the development and expansion of the Otherside metaverse. By combining their expertise and resources, Yuga Labs and Roar Studios have the potential to create an immersive digital experience for Web3 communities. With the increasing popularity of NFTs, the Otherside metaverse could become a vibrant hub for artists and creators worldwide. Exciting times lie ahead for Yuga Labs and Roar Studios as they work towards realizing their bold vision for Otherside.
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