Yuga Labs continues its restructuring by transferring the Moonbirds IP to Orange Cap Games, focusing fully on Bored Ape projects.
Moonbirds Changes Ownership: From Yuga Labs to Orange Cap Games
As part of a new strategic direction, Yuga Labs has confirmed the sale of the Moonbirds NFT intellectual property to gaming startup Orange Cap Games.
- Moonbirds is the third major NFT project Yuga Labs has divested from this year.
- Previously, the company sold Meebits and CryptoPunks.
Moonbirds deserves a team for whom this is everything, and there’s no better fit than Orange Cap Games.
stated Greg “Garga” Solano, co-founder and CEO of Yuga Labs.
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Who Are Orange Cap Games?
Orange Cap Games is a new gaming startup developing both digital and physical collectible card games.
- Their first game – Vibes TCG – is based on Pudgy Penguins and uses the Ethereum layer-2 network Abstract.
- The company has not yet disclosed specific plans for the Moonbirds, Mythics, or Oddities collections.
What’s Next for Moonbirds?
According to a statement from Orange Cap Games:
- Future on-chain assets will be issued either on a layer-1 blockchain or on ApeChain, a network affiliated with Yuga Labs.
- Moonbirds characters will still appear in the Otherside metaverse, which Yuga Labs has been developing for years.
The terms of the deal have not been publicly disclosed.
A Brief History of Moonbirds
The Moonbirds NFT collection launched in April 2022 on Ethereum and generated:
- $280 million in primary and secondary sales in its first weekend alone
- The project was created by Proof, led by Kevin Rose, co-founder of Digg
- Proof raised over $60 million to build a crypto ecosystem
After the NFT market downturn of 2022–2023, pressure from collectors mounted. In February 2024, Yuga Labs acquired Proof and the Moonbirds IP.
Yuga Labs Refocuses on Core Projects
Following the divestments of Moonbirds, CryptoPunks, and Meebits, Yuga Labs is now channeling resources into:
- Bored Ape Yacht Club (BAYC)
- The Otherside metaverse
- Related games and NFT products
Conclusion:
The sale of the Moonbirds IP confirms that Yuga Labs is restructuring its NFT portfolio to fully commit to the Bored Ape universe. With a new owner and gaming-centric vision, Moonbirds may find a new life under Orange Cap Games, and the Web3 community is watching closely to see what comes next.
Frequently Asked Questions
Find answers to the most common questions below.
Yuga Labs is refocusing on its core projects like Bored Ape Yacht Club and the Otherside metaverse, making Moonbirds part of its strategic divestment.
Gaming startup Orange Cap Games now owns the Moonbirds IP and plans to integrate it into future games and on-chain projects.
Yes, Orange Cap Games confirmed that Moonbirds characters will still appear in Yuga Labs’ Otherside universe.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
