PANews reported on December 3 that Yuga Labs co-founder Greg Solano (@CryptoGarga) tweeted that Yuga Labs has acquired tokenproof technology and absorbed some team members to join its R&D department "The Workshop".

Greg Solano said that over the past few years, BAYC has been committed to exploring the diverse applications of NFTs, including access rights for digital or physical activities, goods, games, etc. Through cooperation with the Tokenproof team, many complex problems have been solved, enabling NFTs to be used more safely and efficiently in global activities.

Tokenproof founder Fonz also tweeted to confirm the news, saying that the team will continue to develop more innovative technologies for the accessibility and fun of encryption and NFT.