The Crypto Orange Cap Games (OCG) game startup has acquired the intellectual property of the non -fascinable tokens collection based on Ethereum Moonbirds by Yuga Labs.
OCG said on May 30 that he bought the Cabirds, the legendary and the NFT quirks in Yuga, but had not disclosed the details or the prices of the agreement.
It comes a little more than a year after Yuga acquired the three collections when he took over the company that created them, proof, in February.
“Moonbirds deserves a team whose whole world is birds, and there is nothing better than orange games to help them reach their potential,” said the co-founder of Yuga Labs, Greg Solano.
He added that Yuga was “focused on the laser” on its original collections, which includes the Yacht APE club at the past at high prices and its various spin -offs, including the mutant Ape Yacht Club as well as his metavese for a long time, others.
As part of the agreement, Moonbirds will always be launched on others and all the new assets of Onchain created by the team will be hosted on Ethereum or the Layer-2 network in Yuga, Apechain.
Moonbirds has more than tripled price at 0.9 ETH after the news of the acquisition. However, the collection is still down by almost 98% compared to its summit of 38.5 ETH in April 2022, according to Coingecko.
The Yuga Labs IP sale continues
Yuga continued to discharge its NFT collections and intellectual properties while the NFT market has taken a strong and continuous dive to see small volumes of negotiation.
Earlier in May, Yuga sold the intellectual property rights of cryptopunks, considered by many as a collection of nft pioneer to the Infinite non -profit organization Node Foundation. The terms of transactions have not been disclosed.
In February, the Meebit Company acquired Meebits from Yuga Labs; However, Yuga still has a minority participation, the venture capital company 1 CONFIRMATION is also part of the agreement.
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Last year, Yuga sold the IPS of two of his games, HV-MTL and Legends of the Mara, in order to refocus the basic collections of the organization.
Meanwhile, on May 30, Disney announced that he had associated himself with Dapper Labs, creators of NBA Top Shot and Cryptokitties, to launch his new loyalty program. Disney + subscribers will receive a digital pin each month.
The downward trend of NFTS is coming to an end.
In May, unique NFT buyers increased by 50% to 936,000 compared to the previous month, while the NFT volume increased to $ 430 million, an increase of 15% compared to April.
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