Yuga Labs has sold the Moonbirds NFT IP to Orange Cap Games, focusing on core projects like Bored Ape and Otherside.
This is Yuga Labs' third major IP sale in 2025 after divesting Meebits and CryptoPunks.
Orange Cap Games plans to develop the Moonbirds universe with a blend of physical and digital experiences, minting new assets on Ethereum or ApeChain.
Yuga Labs' sales of various NFT IPs indicate a strategic shift, with Moonbirds NFT floor price experiencing a significant increase after the acquisition announcement.