Yuga Labs strengthens its NFT infrastructure with Tokenproof’s tech team, aiming to enhance accessibility and utility in the Web3 space.
Yuga Labs, the blockchain company behind the popular ape-themed non-fungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC) and ApeCoin, has acquired the tech team of Tokenproof, a Web3 tokenization service.
On Dec. 3, Tokenproof founder and CEO Fonz O announced that Yuga Labs acquired Tokenproof’s technology and onboarded some of its team members in the process.
According to Fonz O, Tokenproof built an infrastructure to verify NFT ownership in the real world and has collaborated with Yuga Labs several times since 2022 to further this vision.
