Orange Cap Games Acquires Moonbirds NFT Collection From Yuga Labs Floor Price Jumps 205%

Crypto gaming startup Orange Cap Games (OCG) has acquired the intellectual property of the Ethereum-based non-fungible token collection Moonbirds from Yuga Labs. OCG announced on May 30 that it had purchased the Moonbirds, Mythics, and Oddities NFT collections from Yuga, although the details and pricing of the deal were not disclosed. This acquisition comes just over a year after Yuga acquired these three collections when it took over the company that created them, PROOF, in February.

Yuga Labs co-founder Greg Solano expressed his enthusiasm for the deal, stating that "Moonbirds deserve a team whose whole world is the birds, and there’s no one better than Orange Cap Games to help them reach their potential." He also emphasized that Yuga is now "laser-focused" on its original collections, including the once high-priced Bored Ape Yacht Club and its various spinoffs, as well as its long-in-development metaverse, Otherside. As part of the deal, Moonbirds will still launch on Otherside, and any new onchain assets created by the team will be hosted on Ethereum or Yuga’s layer-2 network, ApeChain.

This transaction marks Yuga Labs' third NFT IP sale in 2025, following the divestment of CryptoPunks and Meebits earlier this year. The sale of Moonbirds IP to Orange Cap Games is a significant development in the NFT space, underscoring the evolving landscape of digital asset ownership and the strategic realignments that companies are making to stay competitive. For Yuga Labs, this divestment allows it to concentrate on its core projects, while for Orange Cap Games, it represents an opportunity to diversify its offerings and tap into the growing interest in NFTs and gaming.

The transaction also highlights the increasing interest from traditional gaming companies in the NFT and blockchain space. As more companies enter this arena, the potential for innovation and growth in digital assets continues to expand. The acquisition of Moonbirds IP by Orange Cap Games is a testament to the value and potential of NFTs, and it sets the stage for further developments in this rapidly evolving field. The floor price of Moonbirds has shot up from 0.295 ETH to 0.9 ETH since the acquisition.