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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 August 1, 2023 2:02 PM
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Last updated: August 1, 2023 2:02 PM
Published August 1, 2023 2:02 PM
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 - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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