Yuga Labs Denies Macha Ape NFT Rumours

In the NFT space, there are many high-profile companies that get a lot of attention from heavy investors and casual fans alike. But even among the horde, there are few quite as watched as Yuga Labs. As the home of projects like the Bored Ape Yacht Club and Otherside, it is one of the most valuable companies in the NFT space. 

This, of course, means that it is constantly the subject of rumours and speculation, some of which it has to come out to refute. Such was the case with the Macha Ape NFTs, a rumoured project that it was allegedly raising funds for. 

The Rumour and the Rebuttal

Last week, rumours began floating that Yuga Labs was trying to raise $50 million and launch a new NFT collection. This started after an apparently leaked document showed that the company planned to launch 100,000 digital land deeds in the Otherside metaverse. It also claimed that Yuga Labs would be launching a new collection called Macha Ape NFTs in late 2022. 

Soon after the news went public, NFTs fans were whipped into a frenzy. Yuga Labs is one of the most influential companies in its sector and any new project from it is bound to make waves. NFT watchers might even remember the massive demand for its Otherdeed NFTs when they were released earlier this year, with people paying thousands of dollars in minting fees alone. 

Needless to say, a new NFT collection from Yuga Labs would have been heavily anticipated. But sadly, it was not to be as Greg Solano, one of the co-founders of Yuga Labs, has dismissed the claims as just rumours. This happened on Twitter when another user quoted the original article with the claims. Solano responded with the tweet by simply saying, “fake news”

Yuga Labs Denies Macha Ape NFT Rumours

Interestingly, this is not the first time that the company or one of its founders has dismissed rumours about upcoming projects. The Macha NFT project has created buzz in the past but the pitch deck that had been circulating online and making reference to it was dismissed as an outdated one. 

So while this tells us that the project will not be happening anytime soon, if at all, it does show that Yuga Labs does have something called Macha NFTs in its roster. There are even some claims online that Macha NFTs have been seen within the Otherside metaverse. 

A World of Rumours

While this one has been officially debunked, it won’t be the last time that there is speculation regarding Yuga Labs and what projects it might release in the future. It is hard for a project to reach its current level of success, within or outside NFTs, and not be the subject of a few rumours here and there. 

And we can rest assured that when Yuga Labs does release its next project, whether it is a metaverse or NFT collection or anything else, its loyal customers will be ready and waiting to buy into it.

Tokoni Uti

Tokoni Uti

Tokoni Uti is a freelance writer from Lagos, Nigeria who has written extensively on blockchain and cryptocurrency for years. Her work has appeared on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.

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