Yuga Labs completed the acquisition of PROOF from Andreessen Horowitz.

Yuga Labs, a web3 lifestyle and media company, completed the acquisition of PROOF, a digital art platform and art collector community, from Andreessen Horowitz, a private American venture capital firm. Financial terms were not disclosed. The acquisition of PROOF’s assets, including its team, intellectual property, and artistic portfolio, aligns with Yuga’s vision to become the front door of web3. Yuga will start by bringing Moonbirds into Otherside, the place where content creators, communities, and brands will come together to participate in the social fabric of web3.