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Yuga Labs acquires tokenproof to drive NFT innovation

Yuga Labs has acquired web3 tokenization provider tokenproof in a move aimed at driving crypto and NFT adoption. The integration will see some members of the tokenproof team join Yuga Labs' research and development division, The Workshop. The founder of tokenproof, Fonz O, expressed confidence in the seamless transition and stated his commitment to the crypto and NFT space. Yuga Labs Co-founder and CEO Greg Solano highlighted the successful collaboration between the two companies and indicated that the integration will bring more accessibility to crypto and NFTs. The specific details of the acquisition were not disclosed.

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