Uga Labs Sells NFT Collection for Orange Cap Games

Crypto Gaming Startup Orange Cap Games (OCG) has acquired the intellectual property of ethrium-based non-affected token collection Moonbords from Yuga Labs.

OCG Said On May 30, it bought the NFT collection of Moonbords, mythological and inequalities from Uga, but did not disclose the details or pricing of the deal.

In February, when he handled the company that handled the company, it was over a year after receiving three collections.

“Moonbirds deserve a team that has a bird’s bird, and there is no one better than the Orange Cap game,” Uga Labs co-founder Greg Solano, co-founder of Uga Labs Said,

He said the yuga was “laser-centered” on its original collections, which included a high-priced bored app Yacht Club and its various spinoffs, including the mutant app yacht club as well as its prolonged growth metavors, others.

As part of the deal, Moonbirds will still launch on others and any new onchain assets created by the team will be hosted on the Etharium or Uga Network, Epachane.

Moonbirds costs more than 0.9 ETH after the news of the acquisition. However, this collection is about 98% below its all -time high of 38.5 ETH in April 2022, According For coingecko.

Since the acquisition, the floor of the moonbords has been priced at 0.295 ETH to 0.9 ETH. Source: Coingko,

Yuga Labs IP Sale-off continues

Yuga has continued to shut down its NFT collection and intellectual qualities because the NFT market has taken a sharp dive and Low trading continues to see volume,

Earlier in May, Yuga sold intellectual property rights CryptopankNon -profit organization is considered a leading NFT collection by many for the Anant Node Foundation. The terms of the deals were not disclosed.

In February, Mebit Company Acquired meibits From Yuga Labs; However, Yuga still has a minority stake, in which Venture Firm 1 Congress is also part of the deal.

Connected: Real world property dying NFT can revive the borrowing market

Last year, era Selled In one step to resume the main collection of the organization, two of its two sports, HV-MTL and Legends of the hit.

Meanwhile, Disney on 30 May Announced It worked with Daper Labs to launch the NBA top shot and the creators of Cryptocurrency, its new loyalty program. Disney+ subscribers will receive a digital pin every month.

The dowstrand for NFT seems to be expired.

In May, unique NFT buyers increased From last month, from 50% to 936,000, while the amount of NFT increased to $ 430 million, from April by 15%.

magazine: Coinbase hack shows that law probably will not protect you