Yuga Labs Acquires Roar Studios to Help Build Otherside Metaverse
Yuga Labs introduced on July 31 that it could be buying the metaverse startup Roar Studios in a transfer that might push the continued growth of its Otherside metaverse ahead and open up new avenues for communities to attach and categorical themselves.
Constructing immersive experiences
Roar, the brainchild and flagship product from Roar Studios, is an immersive media expertise the place artists and followers join, collaborate, and compete in actual time from wherever on the planet. On the coronary heart of the expertise is the creation of what the corporate calls “a wholly new product class,” an experiential, semi-autonomous music and leisure world pushed by particular person content material creators and group consensus.
By combining progressive proprietary know-how with established MMO recreation and platform methods, Roar Studios brings its crew of audio, recreation, and AI engineers to create distinctive person experiences.
Yuga Labs, the guardian firm to Bored Ape Yacht Membership (BAYC), CryptoPunks, Meebits, 10KTF, and others, has continued to discover what’s doable because it launched BAYC in April 2021. As one of many first corporations to grant IP licenses to NFT holders, Yuga has been more and more targeted on solidifying its future imaginative and prescient for Otherside.
Yuga Labs CEO Daniel Alegre expressed his enthusiasm for the current acquisition of Roar Studios and the flexibility to speed up its daring imaginative and prescient for all the Yuga ecosystem:
“Roar Studios has redefined what it means to expertise media content material within the metaverse” Alegre said in a press release. “[Its] dedication to artistic content material creation and social connections will speed up our execution of our daring imaginative and prescient for Otherside and Yuga’s ecosystem extra broadly.”
Echoing this sentiment, Eric Reid, Roar Studios’ Founder and CEO, highlighted the alignment of each corporations’ missions. “Our crew’s mission is to empower gamers to create and be social in a community-driven, open media expertise,” Reid mentioned.
Previous to Roar Studios, Reid spent greater than 20 years constructing groups and creating and distributing movie, tv, and music content material, together with world movie franchises comparable to Underworld. Roar Studios, which launched in early 2021, reportedly raised $7 million in a funding spherical, led by Galaxy Interactive, Todd Wagner, Scott Barger, and different notable buyers, in accordance with Digital Music News. Its advisory board, as of October 2021, included Dylan Jadeja (Riot Video games), Thomas Vu (League of Legends), Sid Fohrman (Sheppard Mullin), Sky Hansen (Wagner Funding Group), and professors Chris Chage (Stanford) and Greg Niemeyer (Berkeley).
