Yuga Labs Acquires Roar Studios

Yuga Labs Acquires Roar Studios
In this post

Yuga Labs is acquiring Roar Studios, merging gaming, social media, and metaverse expertise.

The Deets

  • Roar Studios develops ROAR, a real-time media experience platform for artists and fans
  • Roar’s tech and expertise will boost Otherside, Yuga’s metaverse project
  • Roar's founder, Eric Reid, will become the General Manager of Otherside
  • Reid's two-decade experience in film, TV, and music content distribution will enrich Yuga's leadership team

The Bulk

Yuga Labs is now broadening its horizons by acquiring Roar Studios. Roar Studios is known for ROAR, an innovative real-time platform where artists and fans can interact, collaborate, and compete from anywhere in the world.

Roar Studios, with its team of skilled audio, game, and AI engineers, has managed to carve out a unique product category in the metaverse. By blending innovative proprietary technology with established MMO game and platform systems, they've crafted a semi-autonomous music and entertainment world that's driven by individual content creators and community consensus.

As Yuga Labs moves forward with the development of Otherside, an interoperable metaverse, Roar Studios' cutting-edge technology, specialized skills, and leadership will be an invaluable asset.

Following the acquisition, Roar Studios' Founder and CEO, Eric Reid, is set to join Yuga as the General Manager of Otherside. Drawing on his extensive experience in creating and distributing content for global audiences, Reid will work in conjunction with Yuga's seasoned executive team to advance the vision and production of the platform.

🖼️ The Big Picture

The collaboration of Yuga Labs and Roar Studios paves the way for a transformative, community-driven media experience within the metaverse, fostering creative content creation and deeper social connections.

🎤 Founder Feedback

Roar Studios has redefined what it means to experience media content in the metaverse. Roar's dedication to creative content creation and social connections will accelerate our execution of our bold vision for Otherside and Yuga's ecosystem more broadly.Daniel Alegre, CEO of Yuga Labs

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.