- Yuga Labs transfers Moonbirds IP to Orange Cap Games
- Orange Cap aims to turn Moonbirds into a game franchise
- Yuga Labs refocuses on Otherside metaverse development
In a major shakeup in the NFT world, Yuga Labs has sold the intellectual property rights of the Moonbirds NFT collection to Orange Cap Games, a rising startup in the blockchain gaming space. The acquisition signals a new direction for Moonbirds, one of the most well-known NFT projects launched by PROOF Collective, which Yuga Labs acquired earlier this year.
Orange Cap Games is a new name in the scene but is founded by seasoned developers with roots in AAA gaming. Their vision is to turn Moonbirds into a gaming franchise, leveraging its recognizable pixel art and strong community. The team has announced plans to incorporate Moonbirds into a cross-platform experience, potentially blending NFT ownership with play-to-earn dynamics and metaverse integration.
Yuga Labs Refocuses on Core Projects
The sale reflects a broader strategy shift for Yuga Labs. Known for powerhouse NFT collections like Bored Ape Yacht Club and CryptoPunks, Yuga has recently doubled down on developing its Otherside metaverse. By transferring the Moonbirds NFT IP, the company is streamlining its portfolio to focus on scalable, long-term initiatives that align more closely with its metaverse and gaming ambitions.
Yuga Labs stated that while they believe in the Moonbirds brand, the best path forward is in the hands of a team focused solely on gaming. This move is expected to breathe new life into the Moonbirds ecosystem, which had seen slower momentum in recent months.
What This Means for NFT Holders and Gamers
For Moonbirds NFT holders, the news brings both change and opportunity. Orange Cap Games has promised ongoing community involvement, with hints at exclusive in-game benefits for existing NFT owners. Meanwhile, the NFT space continues to evolve from static collectibles to dynamic gaming assets — a trend that Moonbirds is now positioned to ride at full speed.
With Yuga Labs prioritizing the Otherside and Orange Cap Games gearing up to gamify Moonbirds, the NFT industry may be witnessing the start of a new era of interactive digital ownership.
Read Also :
- Yuga Labs Sells Moonbirds NFT to Game Studio
- $2.7B in Tokens Set to Unlock in June
- ETHGlobal Prague Reveals Top Finalist Projects
- Cardano Poised for Another Bullish Surge
- Crypto Market Breaks Out of 4-Year Monthly Range
