Yuga Labs secures a16z board member, $450 million and reached a $4 billion valuation

Yuga Labs announced that they collected $450 million at their seed funding. Andreessen Horowitz’s a16z crypto fund led the round. Game studio Animoca and its subsidiary The Sandbox; investment firms LionTree and Thrive capital and big crypto players like FTX and MoonPay also participated in the funding.

According to the Yuga Labs team, the amount they collected is the biggest valuation for a seed round investment. Additionally, the company confirmed that this capital would be spent to build their game-based metaverse and scale the team.