Yuga Labs has decided to refocus on the Bored Ape Yacht Club and related projects by selling off the Moonbirds IP to gaming startup Orange Cap Games. This move comes after Yuga Labs previously acquired the NFT project just over a year ago. Orange Cap Games, known for creating digital and physical trading card games, plans to utilize the Moonbirds property in their future endeavors. While specific plans for the IP have not been disclosed, Moonbirds characters are expected to be integrated into Yuga's Otherside game. This sale follows Yuga Labs' previous divestments of CryptoPunks and Meebits IPs earlier this year. The original Moonbirds NFT collection, launched in 2022, generated significant sales but faced challenges amidst the NFT market downturn. Yuga Labs' strategic decision to sell the IP reflects their commitment to streamlining their focus and resources. Read more AI-generated news on: https://app.chaingpt.org/news
Yuga Labs Sells Moonbirds IP to Orange Cap Games
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