Yuga Labs has a significant impact on the NFT scene with its successful Bored Ape Yacht Club (BAYC) project. Through a commitment to delivering value and supporting its NFT community, Yuga Labs has become a leading example. It has demonstrated resilience amidst the fluctuations and uncertainties in the market.

In pursuit of maintaining its top-tier position in the NFT sphere, the company is now acquiring Roar Studios. This move solidifies Yuga Labs’ presence and expansion in the sector. 

This acquisition will empower Yuga Labs to enhance its Otherside metaverse and develop engaging social interactions for Web3 communities. This partnership exemplifies the profound truth that “two heads are better than one’’ as it integrates Roar Studios’ technology and expertise.

The Otherside metaverse represents an expansion of the Bored Ape NFT universe. The metaverse allows users to navigate between different metaverses and interact with various NFT collections.

The New General Manager of Otherside

As part of the acquisition, Eric Reid, the Founder and CEO of Roar Studios, will become the General Manager of Otherside. He will report to Mike Seavers, the Chief Technology Officer of Yuga Labs. 

Reid’s previous achievements include his crucial role in Lakeshore Entertainment’s success. His illustrious background covers early involvement with MTV and holding a J.D. from New York University’s School of Law.

Reacting to the acquisition, Reid stated that Roar Studios’ objective aligns with Yuga Labs’ because the duo share a vision of enabling players engage in a community-oriented, open-media experience.

Roar Studios is acquired by Yuga.
Yuga Labs’ Otherside

About Roar Studios 

Roar Studios was launched in 2021 by Eric Reid. Propelled by a foundation in artificial intelligence, the company embraces metaverse, fusing music, gaming, and social media into their ecosystem. Roar Studios’ brainchild, ROAR, revolutionizes the media landscape by delivering an unparalleled immersive experience, seamlessly connecting artists and fans in real-time. 

With ROAR, collaboration and friendly competitions know no boundaries, transcending geographical barriers.

Final Words

Yuga Labs’ metaverse has been continuously expanding, offering players fresh adventures and gaming experiences, such as “Legends of Mara”. Moreover, earlier this year, Yuga Labs partnered with Gucci to create digital fashion in the Otherside metaverse. As Yuga Labs’ vision unfolds, it is poised to reshape interactive entertainment and virtual realms, leaving players eager for what lies ahead.

We will see how will Yuga Labs continue to shape the digital space with the acquisition of Roar Studios in the near future.