Yuga Labs Sells Moonbirds NFT to Orange Cap
Yuga Labs, the creators behind the well-known Bored Ape Yacht Club collection, have sold the Moonbirds intellectual property to the gaming entity Orange Cap Games. The announcement came from Moonbirds' official X account on Friday. This marks Yuga Labs' second IP sale this month, after selling CryptoPunks to a nonprofit dedicated to digital art conservation. The NFT market has been in decline, with trading volumes for popular collections plummeting. Yuga Labs is now concentrating on its Bored Ape Yacht Club and Otherside metaverse projects, according to co-founder Greg Solano. Orange Cap Games aims to bring these digital creations to life, having previously worked on a card game for the NFT brand Pudgy Penguins.
FAQ
❓ Why did Yuga Labs sell Moonbirds?
Yuga Labs is refocusing on its Bored Ape Yacht Club and Otherside projects.
❓ What does Orange Cap Games plan for Moonbirds?
Orange Cap Games aims to breathe new life into Moonbirds and deepen connections with existing communities.