Yuga Labs Acquires Tokenproof to Expand BAYC and Real-World Web3 Innovations

Dec 2, 2024, 08:05 PM

Yuga Labs has announced the acquisition of Tokenproof, a platform designed to securely unlock the utility of crypto tokens. The acquisition includes the integration of Tokenproof's technology and the transition of part of its team to Yuga Labs. This move is expected to enhance Yuga Labs' ability to expand real-world experiences through Web3 innovations. Tokenproof, founded with the mission of providing secure access for crypto users, aligns with Yuga Labs' focus on leveraging NFTs for various applications, including digital and physical events, merchandise, and experimental projects. The collaboration, which includes contributions from FonzGm, reflects Yuga Labs' ongoing efforts to innovate within the Web3 space and strengthen its BAYC ecosystem.