Bored Ape Yacht Club Maker Sells Moonbirds IP to Gaming Startup

Yuga Labs focuses seriously on the bored APE Yacht Club, the other Metaverse game and related projects.

On Friday, the Crypto startup said it had sold an earlier Acquired NFT project IP, so that the Moonbirds -excluding it bought a little more than a year ago, dumped.

The buyer is Orange Cap Games, a young startup of gaming that builds digital and physical trade card games. The first competition of the company, the Pudgy Penguins-theme Vibes TCGlaunched on Ethereum Layer-2 Network Abstract.

“Spencer [Gordon-Sand, CEO] And the Orange Cap Games team are among the smartest, most detailed builders in Consumer Crypto, “co-founder of Yuga Labs and CEO Greg” Garga “Solano wrote on x. “Moonbirds deserve a team whose whole world is the birds, and there is no one better than Orange Cap games to help them reach their potential. “

Orange Cap Games does not yet have to share concrete plans for the Moonbirds IP and associated mythics and peculiarities collections. In an X -postThe studio said that all future assets on the chain that are bound to Moonbirds will be beaten on a low-1 chain or on the Yuga-linked Apechain, an Ethereum Layer-2 network.

Moreover, Moonbirds characters will still come to Yuga’s long-in-the-works other game.

Yuga Labs refused to share the conditions of the deal when it is reached by Decrypt.

This year Yuga Labs has said goodbye to the cryptopunks and Meebits IP that it acquired in 2022 of Larve Laboratories. The Meebits IP was sold to a new startup in February, the Meebit Company, while the non -profit infinite junction Foundation collected the influence of the influence Cryptopunks IP earlier this month.

The original Moonbirds NFT collection was launched on Ethereum in April 2022, with a huge question that generated $ 280 million in primary and secondary sales in the first weekend.

Original maker, led by DIGG co-founder and venture capitalist Kevin Rose, quoted around $ 60 million after the coin to create a crypto ecosystem of content, assets and events. While the NFT market, however, collapsed in the end of 2022 and during 2023, the company was confronted with increasing pushback from collectors.

Yuga Labs eventually gained the evidence and the Moonbirds IP in February 2024, with Rose adviser of the bored Aapmaker as part of the deal.

Note of the editors: This story was updated after publication to note that Yuga Labs refused comments on deal conditions.