Yuga Labs has acquired web3 tokenization provider tokenproof. Through the integration, the blockchain hopes to drive crypto and NFT adoption.
In a recent X post on Dec. 3, tokenproof founder and CEO, Fonz O, announced the web3 tokenization service’s integration into Yuga Labs. He stated that part of the tokenproof team will join Yuga Labs’ research and development division, The Workshop.
“Thanks to our years of partnership, this transition will be seamless. I’m confident this is a fantastic outcome for everyone, and I’m excited to see our team succeed at Yuga Labs,” said Fonz O in his post.
The tokenproof founder highlighted that Yuga Labs and tokenproof have had a long history of collaborating “time and time again” since 2022. Fonz O even went as far as to cite Yuga Labs’ annual event ApeFest as what inspired him and “jump started” the idea to build an infrastructure to verify
