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Yuga Labs Acquires Tokenproof’s Tech Team to Enhance Web3 Innovation
Yuga Labs, the creative force behind the renowned Bored Ape Yacht Club (BAYC) NFT collection, has taken a significant step in its restructuring efforts to expand its Web3 capabilities by acquiring the technology team from Tokenproof, a pioneering tokenization platform. Founded in early 2022 by Fonz Olvera, commonly known as Fonz O, Tokenproof has been instrumental in helping users securely verify ownership of cryptocurrencies and NFTs.
Announcing the deal on December 3, Fonz O shared that the acquisition will see key members of Tokenproof’s tech team transition to Yuga Labs. According to him, their expertise will reinforce Yuga Labs’ innovative projects as the company continues to shape the future of NFTs and blockchain applications.
New Team to Join Yuga Labs’ R&D Unit
The newly integrated team will join Yuga Labs’ research and development division, “The Workshop,” establish
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