- Yuga Labs sells Moonbirds IP to Orange Cap Games.
- Moonbirds floor price rises to 0.43 ETH.
- Industry impact with major NFT market movements.
The sale underscores strategic adjustments as major NFT collections face changed ownership amidst fluctuating market conditions.
Market Reactions and Strategic Shifts
Yuga Labs has offloaded the Moonbirds IP to Orange Cap Games in May 2025. The transaction was confirmed on Moonbirds’ official social media, bringing notable changes to the collection’s future development.
Yuga Labs, known for its ownership of other major NFT collections, including the Bored Ape Yacht Club, cites this sale as part of its strategy to focus resources on projects like Otherside.
The announcement led to a quick rise in Moonbirds’ floor price, increasing from 0.30 ETH to 0.43 ETH. NFT trading volumes have seen significant declines, impacting market recovery trajectories.
Financially, Yuga Labs retains a strong position. CEO Greg Solano assured investors they remain well-funded for ongoing projects.
Yuga Labs has enough cash and runway to keep going for years,” — Greg Solano, CEO, Yuga Labs.
Analysts point to potential for new product offerings by Orange Cap Games. Historically, Yuga Labs’ IP divestments highlight shifts in branding strategies amid volatile market conditions.
