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Market News

Yuga Labs Acquire Roar Studios to Boost its Metaverse Development

Roar Studios will accelerate Yuga Labs’ Otherside metaverse development.

Written By:
Gopal Solanky

Last updated: August 1, 2023 2:02 PM
Published 2023-08-01
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Yuga Labs Acquire Roar Studios to Boost its Metaverse Development

The creator of Bored Ape NFT Collection, Yuga Labs has acquired Roar Studios to expand the development efforts of its Otherside metaverse project. 

We are proud to announce Yuga Labs is acquiring Roar Studios, a music and metaverse startup led by long-time entertainment Executive, Eric Reid, to execute our expansive vision for @OthersideMeta.

For more, read here: https://t.co/Ll9OMrSwEP. pic.twitter.com/o2FankWun2

— Yuga Labs (@yugalabs) July 31, 2023

The LA-based company, Roar Studios was founded by Eric Reid which works across the music, gaming and social media industry. Following the acquisition, Reid will join Yuga Labs team as the General Manager of Otherside to look after the development.

According to the announcement the Roar Studios team will help Yuga Labs with their innovative technology, specialized domain expertise and leadership in building the Othersize.

Also Read: Electronic Music Giant Beatport Launches NFT Marketplace

“Roar’s dedication to creative content creation and social connections will accelerate our execution of our bold vision for Otherside and Yuga’s ecosystem more broadly,” says Daniel Alegre, the CEO of Yuga Labs.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky, Senior Reporter for Markets and Protocols at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Senior Reporter, Markets & Protocols at The Crypto Times, based in Ahmedabad. He covers institutional crypto adoption, Bitcoin treasury strategies, DeFi markets, protocol ecosystems, Ethereum network activity, Hyperliquid, on-chain trends, and broader digital asset market movements. Gopal has been active in the crypto ecosystem for more than six years. Before joining The Crypto Times full-time in 2023, he worked as a freelance crypto content writer, developing a strong understanding of blockchain infrastructure, DeFi protocols, market cycles, token mechanics, and peer-to-peer systems. His reporting focuses on explaining how protocols work, why market movements happen, and how institutional and on-chain activity affects crypto investors and builders. At The Crypto Times, Gopal regularly writes market analysis, protocol explainers, breaking news, and technical breakdowns across Bitcoin, Ethereum, DeFi, altcoins, treasury companies, and Web3 infrastructure. He also conducts on-the-record interviews with regional Web3 founders, protocol teams, and ecosystem leaders. His work has been cited by external publications, including Vulture.com, in coverage of major crypto stories such as the Hawk Tuah memecoin controversy. His reporting has also contributed to The Crypto Times’ coverage of major industry events, including FTX-related developments, institutional crypto adoption, and emerging protocol narratives. Gopal holds a Bachelor’s degree in Computer Applications, giving him a technical foundation for analyzing blockchain systems, crypto infrastructure, and market data.

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