Yuga Labs Invests in Spatial Computing Startup Hadean to Power the 'Otherside'
The notable venture aims to enhance 3D virtual experiences by focusing on high-fidelity environments and the evolution of 'Otherside,' a meta-RPG by Yuga Labs.
In a pivotal move towards mass-scale 3D experiences, Yuga Labs, the firm behind digital entities like Bored Ape Yacht Club (BAYC), CryptoPunks, Meebits, and 10KTF, declared a strategic investment in Hadean, an emerging leader in spatial computing.
The investment is geared towards bolstering Hadean's efforts in constructing a dedicated US team. With that, the squad will work closely with Yuga to integrate Hadean's cutting-edge tech to address one of the significant challenges in the digital space - mass concurrency.
The investment adds to the recent technical partnership and commercial agreement announced between Yuga Labs and Hadean in Sept'23 that provides a key technology for Yuga's platform, optimized for high-fidelity virtual experiences that bring creators and players together. The announcement builds on a flurry of Yuga Labs partnership agreements designed to deepen collaboration within the Web3 community to evolve Otherside, its metaverse game in development.
Daniel Alegre, CEO of Yuga Labs, expressed immense enthusiasm about this notable venture.
"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. We are aligned on a shared vision of our execution priorities to achieve the interactive possibilities of Otherside."
Echoing a similar sentiment, Hadean's CEO, Craig Beddis, said:
"We are thrilled to have the support of a company like Yuga Labs – an absolute leader in helping communities bridge the physical and digital worlds through their unparalleled storytelling and immersive experiences. This latest investment, on top of our earlier announced partnership and commercial agreement, will help us collectively realize the ultimate potential that virtual worlds can bring to our daily lives."
From the looks of it, the union of Yuga Labs and Hadean signifies a promising future for Web3 fans and the broader digital community, setting the stage for unparalleled 3D experiences.