Orange Cap Games, a crypto gaming startup that reportedly secured funding from the CEO of LayerZero and other known people, the firm has recently acquired the intellectual property of Moonbirds from Yuga Labs.
Moonbirds are an Ethereum-based non-fungible token collection that was launched at the end of Q1 2022. According to the article on Orange Cap Games X account, it has acquired Moonbirds, Mythics, and Oddities from Yuga Labs.
In an X post dated May 30, 2025, Greg Solano, the co-founder of Yuga Labs, said, “ Moonbirds has been acquired by Orange Cap Games,” adding, “Spencer and the team at Orange Cap Games are among the smartest, most detail-oriented builders in consumer crypto.”
The post further reads, “ They put love, genuine craft, and a fair bit of neurotic perfectionism in everything they touch (ask Spencer to tell you about him flying to Asia to make sure the printer got the gloss just right for the holos in their trading card game). They created an incredible trading card game, with real physical distribution and a scalable digital platform, and it’s got a great mix of casual and hardcore fans. And they’ve done it all without owning their own NFT IP. That changes today with their acquisition of the Moonbirds IP.”
However, the financial details related to the acquisition aren’t revealed in the public domain, and there are speculations that the deal is worth millions of dollars.
A quick brief of the NFT sector
As of this writing, the NFT global market capitalization was $4.22 billion, and the total NFT sale volume on the last day was $4.89 billion, which is down by roughly 17%.
In terms of volume in the past 24 hours, the list of most traded NFTs has been topped by Courtyard(dot)io with a volume of $771,636, followed by Moonbirds with $643,882 in volume, and Doodles has a volume of $272,088.
On the other hand, CryptoPunks stands at the top of the list in terms of market capitalization as it has a cap of $1,148,178,964, followed by Infinex Patrons having a cap of $564,992,077, and Bored Ape Yacht Club has a cap of $346,474,567.
As of writing, CryptoPunks were dominating 58% of the NFT market, followed by Bored Ape Yacht Club with a control of around 17%, and Pudgy Penguins stands at third with 11% dominance.
The list of trending NFTs has been led by Labubu fan collection, followed by Moonbirds and Runestone, yet Autoglyphs has the highest floor price of 95.00 ETH, CryptoPunks at 45 ETH, and Fidenza by Tyler Hobbs at 34.99 ETH.
In the past 24 hours, most trades have been seen in Famous Fix Federation, which is based on Solana, with Moonbirds having a total of 286 trades, and Gemesis saw 142 trades.
