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Following the initiation of a partnership between Yuga Labs and Hadean in September 2023, Yuga has now announced a strategic investment in the spatial computer company.
As the Bored Ape-developer is looking to expand its Otherside experiences, Hadean will support the technology implementation required for global mass adoption of the metaverse. In order to work closer with Yuga, Hadean will use the investment to set up a US-based team.
Yuga Labs CEO Daniel Alegre commented, “As we double down on Otherside, and look to build out unique, live experiences in entertainment and gaming, we are excited about deepening our commitment through investing for the long term with Hadean. Their differentiated technology and expertise in building immersive experiences across industries is unparalleled.”
The announcement follows a range of previously agreed collaborations looking to enhance Otherside technologically, including deals with Bad Rhino Studios and Faraway.
“This latest investment, on top of our earlier announced partnership and commercial agreement, will help us collectively realise the ultimate potential that virtual worlds can bring to our daily lives, “ added Hadean CEO Craig Beddis.
