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Hey Waivly Crew! 🌊 Yuga Labs is planning to raise nearly $500m in revenue by selling virtual land in the metaverse. ConsenSys has raised $450M in Series D funding, doubling its valuation in just four months.

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Yuga Labs plans virtual land sales

Yuga Labs, the creators of Bored Ape Yacht Club, is planning to launch its own APECoin token and metaverse.

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Recently, The Block acquired a pitch deck that Yuga Labs has been using to raise funding at a $5B valuation that shares information around plans for its own metaverse.

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“We want to build something that expands the universe of the BAYC, but also invites the larger NFT community (and those priced out of BAYC membership) to join,” Yuga Labs explained in its deck.

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Yuga’s gaming-focused metaverse dubbed 'MetaRPG' will be compatible with a range of NFTs and feature an “in-game app store” that will allow players to create using NFTs they own or from scratch. All purchases within the metaverse will be made by Yuga’s rumoured token named APEcoin.

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To start things off, Yuga will offer 200,000 plots of virtual land in the form of NFTs through two sales in March and August. Each plot will feature unique traits such as natural resources and artefacts.

ConsenSys raises $450M in Series D funding

Blockchain software technology firm ConsenSys, which owns the popular MetaMask wallet, has closed a $450 million Series D round.

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The Series D round led by ParaFi Capital saw participation from existing investing, including Third Point, Marshall Wace, and True Capital Management. New investors include Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, C Ventures, and even celebs such as rappers 21 Savage and Young Thug.

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ConsenSys said it plans to convert all funds from the round to Ether (ETH), to be held in DeFi yield and governance operations. Just four months ago, ConsenSys raised $200 million from Coinbase Ventures, HSBS, and other investors, valuing the company at $3.2 billion, half of its new $7 billion valuation.

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According to ConsenSys’ chief strategy officer Simon Morris, the company’s next fundraise, “Series ETH,” where investors will be given guidance to contribute ETH to ConsenSys’ multi-token treasury.

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“We're interested in taking our crypto positions and using them in a way that is both positive for the company in terms of driving yield, but also in a way that is strategic for the company in terms of trying to express our opinion on useful directions to drive further decentralization in the space,” said Morris.

The Waves

👀 MetaMask passes 30M monthly users and reveals DAO plans

💰 Deus Finance exploited for $3 million

💳 American Express files NFT and metaverse trademark

🎉 NFTs are coming to Instagram soon

Tech Special

Amazon’s $8.45 billion MGM acquisition cleared by EU

Amazon has won unconditional EU antitrust approval for its $8.5 billion for U.S. movie studio MGM, the European Commission said Tuesday.

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Amazon’s deal was passed after the European Commission claim to the conclusion that it not pose competitions concerns in Europe. "The addition of MGM's content into Amazon's Prime Video offer would not have a significant impact on Amazon's position as provider of marketplace services," the Commission said.

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The Commission noted that MGM's movies account for a limited share of box office revenue in the European Economic Area and that "overall MGM is not among the top production studios, despite its rights over successful film franchises such as James Bond."

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Amazon still requires approval from the Federal Trade Commission before it can close the deal. In a press release last May, Amazon first announced it was acquiring MGM, giving them access to the studio’s catalog of over 40,00 films, including James Bond, Rocky, 12 Angry Men, Basic Instinct, Creed, and Legally Blond.
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Super73 unveils new electric motorcycle concept

The electric mobility company, Super73 recently announced that they will be introducing their very first electric motorcycle, but as of right now it is only a concept.

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The new electric motorcycle, called the Super73 C1X, is slimmer than most of Super73’s motorcycles. The specs of the motorcycle include 15-inch wheels, a seat height of 31-inches, and a 51-inch wheelbase which is shorter than typical electric motorcycles.

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The Super73 C1X is not fast as its top speed is 75 mph. It is said to have a city range of about 100 miles and features a fast-charging solution that will enable the C1X’s battery to reach 80% charge in under an hour. The production of the C1X is not expected to begin until late 2023, but the company is currently accepting reservations for the e-motorcycle on its official website.

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Besides announcing their very first electric motorcycle, the company unveiled a variety of other battery-powered vehicles, which include electric bikes for kids. Super73 also unveiled the latest motorcycle models, which include the Super73-R Brooklyn, a full suspension electric bike, the entry-level Super73-Z Miami, and a series of electric bikes for kids.

Own and secure your crypto with Ledger

If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.

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Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.

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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.

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