- Main event involves NFT acquisition by Orange Cap Games.
- Yuga Labs refocuses on core projects.
- Moonbirds transition amid NFT market challenges.
Orange Cap Games acquired Moonbirds, Mythics, and Oddities from Yuga Labs on May 30-31, 2025, shifting ownership of these NFT collections.
Yuga Labsโ sale of Moonbirds is pivotal, allowing it to concentrate on main projects, coinciding with NFT market shifts.
Orange Cap Games, known for blockchain-based games, acquired the Moonbirds intellectual property. This move includes Mythics and Oddities, signifying Orange Capโs entry into expanding NFT ecosystems. Yuga Labs co-founder Greg Solano emphasized the need for a team focused on Moonbirdsโ growth, and identified Orange Cap as suitable for this endeavor. The transaction occurs amid Yuga Labsโ ongoing restructuring to focus on its Bored Ape Yacht Club and Otherside projects.
โMoonbirds needs a team truly focused on birds, and Orange Cap Games is the most suitable successorโ โ Greg Solano, Co-founder, Yuga Labs.
This ownership change impacts the NFT sector, previously experiencing a market downturn. Yuga Labsโ divestiture aligns with a strategy to streamline operations amidst declining NFT trading volumes. Orange Cap Games aims to advance Moonbirdsโ content, potentially using mainnet or ApeChain for deployment.
Yuga Labsโ divestment strategy has seen recent checkered sales including the Meebits and CryptoPunks IP, focusing on flagship NFT projects. In earlier moves, Yuga Labs has consistently streamlined its assets towards core objectives, such as their flagship projects. The Moonbirds acquisition exemplifies current practices in the sector, providing insights into IP management within the changing NFT landscape.
Orange Cap plans technological integration across platforms, leveraging blockchain capabilities to enhance user experience. Industry analysts maintain a close watch on Moonbirdsโ development under Orange Cap Games, predicting potential shifts in NFT market patterns and technology collaborations, given historical market trends.
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