| Founded | 2021 |
|---|---|
| Closed | 2024 |
| Country | USA |
| Sector | Web3 |
| Collapse type | Slow Death |
| Founder | Wylie Aronow (Gordon Goner), Greg Solano (Gargamel) |
Yuga Labs / ApeCoin DAO
"The $4B NFT empire that wasted $150M in gas fees and still couldn't build a working metaverse."
Years-long decline before final shutdown
Key Events Timeline
Yuga Labs raised $450M at a $4B valuation in March 2022, then launched the Otherside metaverse and ApeCoin, which together generated significant hype but failed to deliver.
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