- Yuga Labs offered the Moonbirds, Mythics, and Oddities IP to Orange Cap Video games amid ongoing NFT market decline.
- Orange Cap Video games plans to revive the IPs with new experiences and hinted at future on-chain developments.
- Yuga is now focusing solely on Bored Ape Yacht Membership, Otherside, and an undisclosed mission within the works.
For the second time this month, Yuga Labs has offloaded one more NFT IP—this time handing over Moonbirds, Mythics, and Oddities to Orange Cap Video games. Simply weeks in the past, they did the identical with the long-lasting CryptoPunks, delivery it off to a digital artwork conservation nonprofit. To not point out, Meebits received the boot again in February. It’s all a part of an even bigger pivot because the NFT house continues to reel from a year-long stoop, with buying and selling volumes reportedly down 95% since peak hype, in line with DappRadar.
So what’s Yuga to this point? They’re doubling down on what nonetheless works—or a minimum of what hasn’t fully fizzled out. In an replace shared on X, co-founder Greg Solano made it clear: “We’re laser-focused on Apes, Otherside, and one thing particular we’ve been cooking up.” Seems like a playbook refresh, conserving their strongest belongings and letting go of the remainder.
Orange Cap Video games Steps In
Enter Orange Cap Video games. They’re form of new to the scene, flying low on social media radar however clearly making massive strikes. Of their announcement, the group mentioned they’re all about reviving fan-favorite IPs with “fastidiously crafted experiences” geared toward each outdated followers and contemporary faces. Alongside the Moonbirds information, in addition they revealed they’d beforehand constructed a bodily and digital buying and selling card sport round Pudgy Penguins—which is form of spectacular given they didn’t even personal the IP. Till now.
Solano chimed in together with his endorsement, saying Orange Cap had created “an unbelievable buying and selling card sport” and that this acquisition places Moonbirds within the arms of parents who’ll deal with it as their core focus. “Moonbirds deserve a group whose complete world is the birds,” he mentioned, including that Orange Cap is simply the crew to assist it soar once more.
On-Chain Hints and a Glimpse on the Future
Trying forward, Orange Cap hinted that the subsequent evolution of the Moonbirds IP might have on-chain components—presumably touchdown on Yuga’s personal Layer-2 ApeChain or sticking to a extra conventional mainnet. Both approach, it’s a sign that whereas Yuga’s shifting on, they’re not shutting the door solely on interoperability or future collabs.
With NFT curiosity nonetheless cooling and tasks seeking to regroup, these handoffs may very well be a part of a broader cleanup—determining what nonetheless issues and what might be handed on. Whether or not Orange Cap breathes new life into Moonbirds or it flutters away quietly, one factor’s clear: the nice NFT reshuffling isn’t accomplished but.