- Yuga Labs has sold the Moonbirds NFTs to gaming startup Orange Cap Games after owning it for just 16 months
- Orange Cap Games also acquired Mythics and Oddities from the Bored Ape creator
- The gaming startup said the acquisition is part of the firms mission to expand the OCG universe
Bored Ape Yacht Club (BAYC) creator Yuga Labs has sold the Moonbirds NFT s IP rights to gaming startup Orange Cap Games (OCG) for an undisclosed amount, just 16 months after acquiring it. Yuga Labs Greg Solano described OCG as the smartest, most detail-oriented builders in consumer crypto, adding that Moonbirds deserve a team whose whole world is the birds. The gaming startup disclosed that the acquisition is part of its mission to expand the OCG universe, which may involve acquiring more NFT projects or creating its own collections.
Selling Moonbirds to Create Something Special
According to Solano, removing Moonbirds from its stable allows Yuga Labs to focus on other projects like the Bored and Mutant Ape NFT collections, the Otherside metaverse, and something special [it has] been cooking up.
OCG disclosed that theyve also acquired associated collections Mythics and Oddities from Yuga Labs. OCG said that Moonbirds is one of the most storied franchises in the on-chain [&] world. The gaming startup added that its ready to write the collections next chapter, noting that the collection is filled with untapped possibility.
It also revealed Moonbirds will be available on Yuga Labs Otherside platform as full 3D-rigged avatars. The gaming startup noted that they have agreed with Yuga Labs to host the Moonbirds collections future on-chain components [&] either on a mainnet blockchain , or if its an L2 it will be Yuga Labs Ethereum -scaling platform ApeChain.
The Community to Decide Moonbirds Future
OCG said its still laying the groundwork for the collections future, which involves partners and the community. Moonbirds sale comes three weeks after Yuga Labs sold CryptoPunks IP rights to the Infinite Node Foundation.
Other IPs that have left Yuga Labs in recent months include Meebits , whose IP was transferred to the Meebit Company. Legends of the Mara and HV-MTL NFT games were also bought by web3 gaming firm Faraway.
With Moonbirds finding a new home, it remains to be seen whether Yuga Labs will release another IP from its grip.
