NiftyNoon: Stay Nested… Unless You’re Yuga Labs - Moonbirds Project Sold to Orange Cap Games 🦉🤝🟧
Yuga Labs sells Moonbirds IP to Orange Cap Games, marking its third NFT IP divestment in 2025 as the Bored Ape Yacht Club creator refocuses on core projects (June 2, 2025)
Nifty Thought:
Yuga Labs, known for the Bored Ape Yacht Club, has sold the Moonbirds NFT intellectual property to Orange Cap Games. This is Yuga's third IP sale in 2025, following the earlier divestments of CryptoPunks and Meebits, indicating the company’s strategic shift away from diversifying within NFTs. The financial terms of the deal were not made public. Orange Cap Games, a new player in blockchain gaming known for its hybrid approach to physical and digital experiences, plans to expand the Moonbirds universe and integrate it with its real-world products and games. Although Orange Cap Games is a relatively new, its founder Spencer is a well known NFT investor through his fund Spencer Ventures. Spencer Ventures made significant bets in the NFT space over the years. Some of these bets (e.g. Pudgy Penguins) have done well whereas others (e.g. one of the rarest Moonbirds) have been less than ideal. The Moonbirds assets will still be featured in Yuga's Otherside metaverse and have a contractual agreement to only launch future projects on either the Apecoin L2 or other L1 chains.
The Moonbirds collection, which launched in April 2022, saw significant early sales but experienced a decline in community engagement and momentum as the core team failed to deliver on its initial lofty promises. The acquisition by Yuga Labs in early 2024 was seen as a potential revitalization for the project, but much of the same core team that originally failed the project remained onboard. Unsurprisingly, Moonbirds under Yuga Labs also failed to gain any significant traction. The Moonbirds floor price rallied after the news of the IP sale, exceeding .7 ETH, with daily trading volumes rising by nearly 600%.
Highlighted News:
🦉 Orange Cap Games has acquired @Moonbirds, Mythics, & Oddities:
https://x.com/ocapgames/status/1928497112817234351?s=46
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Huge move in Moonbirds on the back of the OCap acquisition. Floor up from 0.31 to 0.54 on 181 ETH of volume: https://x.com/punk9059/status/1928805751805341757?s=61
Quick Stats:
👾 Blur ETH Daily Volume: 410.63 ETH (▲ 4.23%)
🌊 OpenSea ETH Daily Volume: 1284.22 ETH (▲ 46.47%%)
🟠 BTC : $104,946.20 (▲ 0.67%)
🔷 ETH: $2,481.80 (▼ 0.77%)
🟣 Solana: $153.85 (▲ 0.68%)
🟪 Polygon: $0.21 (▲ 0.64%)
Top NFT Sales:
CryptoPunks #8488: 48.75 ETH
Bored Ape Yacht Club #3268: 16.00 ETH
Bored Ape Yacht Club #6959: 15.00 ETH
NFT Daily Winners:
🐱 Quantum Cats: 0.03 BTC (▲ 10.31%)
🧦 Bitcoin Puppets: 0.04 BTC (▲ 8.76%)
💼 Ordinal Maxi Biz: 0.02 BTC (▲ 2.51%)
🍭 Mocaverse: 1.44 ETH (▲ 1.02%)
👩🏻 Milady Maker: 2.60 ETH (▲ 0.57%)
🚬 CryptoPunks: 45.75 ETH (► 0.00%)
🏳🌈 Chromie Squiggles: 4.70 ETH (► 0.00%)
🐧 Pudgy Penguins: 9.39 ETH (► 0.00%)
NFT Daily Losers:
🧙♂️ Taproot Wizards: 0.18 BTC (▼ 0.01%)
👾 Tensorians: 2.83 SOL (▼ 0.81%)
🏴☠ Captainz: 0.41 ETH (▼ 0.92%)
🦧 Bored Ape Yacht Club: 13.30 ETH (▼ 0.97%)
😡 Mad Lads: 36.67 SOL (▼ 2.38%)
⛩ Azuki: 2.14 ETH (▼ 2.50%)
🐵 NodeMonkes: 0.03 BTC (▼ 3.23%)
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