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Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) and the Otherside metaverse, has announced the acquisition of Tokenproof’s technology. This move aims to strengthen NFT ownership verification, addressing concerns around fraud and security in the web3 ecosystem. The acquisition also involves the transition of several Tokenproof team members to Yuga Labs, marking an evolution in their long-standing collaboration /zora
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