With interest in non-fungible tokens on the rise, Yuga Labs, the start-up behind Bored Ape Yacht Club, was in talks with Silicon Valley-based venture capital firm Andreessen Horowitz over a funding round, the Financial Times reported. Note that Bored Ape Yacht Club is a collection of 10K Bored Ape NFTs that live on the ethereum (ETH-USD) blockchain. This funding round would value the famous NFT collection at as much as $5B, the Financial Times noted, citing people with knowledge on the matter. Recall at the beginning of January when award-winning rapper Eminem bought a Bored Ape Yacht Club NFT for $462K, CoinDesk reported. Previously, (Jan. 11) Mogo invested in NFT Trader, which has collaborated with Bored Ape Yacht Club.
