Yuga Labs, the startup behind the Bored Ape Yacht Club collection of non-fungible token artworks, has raised a $450 million seed round at a post-money valuation of $4 billion, the company announced Tuesday. Andreessen Horowitz led the funding. Other participants include Animoca Brands (and The Sandbox, its metaverse subsidiary), FTX, Coinbase, Google Ventures and Thrive Capital, among others. ...
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The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
South Korea’s Mirae Asset Management Led $250 million SpaceX Investment
Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
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