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Bored Ape Creator Invests in Spatial Computing Startup
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Bored Ape Creator Invests in Spatial Computing Startup

Oct 6, 2023

Bored Ape Yacht Club NFT creator, Yuga Labs, has announced a strategic investment in Hadean, a spatial computing startup. This partnership aims to enhance Yuga Labs' forthcoming Otherside metaverse game.

Hadean specializes in scaling games to accommodate a large number of simultaneous players. During Otherside's "Second Trip" playtest in March, over 7,200 players participated simultaneously. The new investment will enable Hadean to establish a U.S.-based team working alongside Yuga Labs to improve "mass concurrency" – the ability to support numerous players in a single online environment.

While the exact amount of the investment remains undisclosed, Yuga Labs emphasized that it is substantial within the context of Hadean's previous funding rounds. Hadean previously raised $5 million in March and $30 million in a Series A round in September 2022, which included participation from Epic Games, the creator of Fortnite.

The collaboration between Yuga Labs and Hadean builds upon their existing commercial agreement, which focuses on the technology behind Otherside. Yuga Labs has also announced partnerships with startups AccelByte, Bad Rhino, and Faraway, all aimed at enhancing the Otherside experience. The game incorporates technology from the metaverse startup Improbable.

Yuga Labs, known for its Bored Ape Yacht Club and CryptoPunks NFT projects, raised $450 million in March 2022, reaching a valuation of $4 billion. With a growing focus on gaming, Yuga Labs is committed to expanding Otherside and creating unique live entertainment experiences.

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