Yuga Labs announced on May 30, 2025, the sale of the Moonbirds intellectual property to Orange Cap Games. This move signals strategic changes in the NFT sector.
Yuga Labs shifts focus with Moonbirds IP sale
Yuga Labs has transferred the Moonbirds IP to Orange Cap Games, marking a shift from their previous acquisition strategy. This adjustment aligns with their recent pattern of asset divestment.
NFT market faces drop in trading volumes
The transaction contributes to a realignment within Yuga Labs, focusing on flagship Bored Ape Yacht Club. It reflects a broader NFT market trend of declining trading volumes and asset value.
Yuga Labs focuses on core brands after divestment
Yuga Labs previously engaged in significant acquisitions, such as CryptoPunks and Meebits, but is now divesting. These actions mirror past market behavior shifts where companies consolidate focus.
The sale of Moonbirds IP and further divestments by Yuga Labs indicate a reassessment of the company’s strategy and adaptation to current NFT market conditions.
