Yuga Labs to Acquire Roar Studios for AI Expertise

Yuga Labs, the crypto tech startup that created the Bored Ape Yacht Membership NFT collection, introduced Monday that it plans to accumulate gaming and music agency Roar Studios. As part of the acquisition, Roar Studios Founder and CEO Eric Reid will be a part of Yuga Labs as the overall supervisor of Otherside, Yuga Labs’ forthcoming blockchain-powered metaverse recreation.

“Our crew’s mission is to empower gamers to create and be social in a community-driven, open-media expertise, so our work basically aligns with Yuga’s bigger Web3 metaverse technique,” Reid mentioned in an announcement. 

Reid added that when Yuga Labs CEO Daniel Alegre and CTO Mike Seavers reached out to Roar Studios, Reid and his crew “jumped on the alternative” to work with Yuga.

The Roar founder beforehand labored in regulation and leisure, performing because the COO after which Co-CEO of Hollywood manufacturing firm Lakeshore Leisure, makers of movies just like the “Underworld” franchise and “Million Greenback Child.”

In 2021, Roar Studios raised $7 million from companies like Galaxy Interactive to construct a “music metaverse” with the objective of permitting gamers with digital avatars the power to play music by means of their characters. 

However Roar is greater than only a music-focused metaverse firm—it’s additionally leveraging AI in its tech.

Yuga Labs mentioned in an announcement that Roar has “deep expertise and AI roots” and advised Decrypt in an e mail that AI is part of Roar’s “proprietary tech.” A consultant from Yuga Labs added that the agency is just not capable of share particulars about how Otherside will leverage Roar’s AI tech simply but. 

As Yuga continues to develop its bold recreation undertaking, it’ll now have further fingers on deck to form its Otherside.