Orange Cap Games acquires Yuga Labs' Moonbirds

Yuga Labs announced the sale of Moonbirds to Orange Cap Games, a trading cards game company. This is the second IP divestment for Yuga Labs, following the sale of Crypto Punks. 

Yuga Labs has divested the Moonbirds collection, selling the intellectual property rights to Orange Cap Games, a card trading company. Orange Cap Games will also hold the rights to the Mystics and Oddities collections, a variation of the main Moonbirds mint.

The Moonbirds collection is the second sale for Yuga Labs after the sale of CryptoPunks to the Infinite Node Foundation. The sale was announced by Greg Solano, co-founder of Yuga Labs. 

Moonbirds has been acquired by @ocapgames

Spencer and the team at Orange Cap Games are among the smartest, most detail-oriented builders in consumer crypto.

They put love, genuine craft, and a fair bit of neurotic perfectionism in everything they touch (ask @spencer to tell you… https://t.co/5ADNebM0wD

— Garga.eth (Greg Solano) (@CryptoGarga) May 30, 2025

Yuga Labs retains the Bored Ape Yacht Club collection and the Otherside metaverse collection. The sale of NFT IP is partially an attempt to preserve the tokens and their art in a more reliable environment. 

Moonbirds trading revived after IP sale

The Moonbirds collection is relatively smaller and less successful compared to the Crypto Punks. Moonbirds started with a floor price above 28 ETH, to slide as low as 0.30 ETH. The IP sale announcement boosted the floor price to 0.43 ETH. 

Despite this, some of the latest Moonbird sales ask for as much as 3.99 ETH, depending on the rarity and qualities. The NFT market has been mostly abandoned by crypto insiders, displaced by meme tokens. For some collections, attempts were made to cross over to physical items. While the IP may remain appealing, the NFT themselves rarely invited active trading. 

The Moonbirds collection minted a total of 10,000 items, with an initial mint price of 2.5 ETH. Currently, the collection is held in 5,841 wallets, with a total market cap of 4,500 ETH for all NFT. 

Even during the slow market, Moonbirds immediately reacted with a spike in trading volumes. In the past day, the collection saw a total of 149 sales. Daily trading volumes expanded by 579.5%, rising to 69.51 ETH. 

Recently, Moonbirds discontinued its Talons reward program for NFT holders. The NFT collection has been linked to crypto AI agents, using the images and lores to create AI personalities linked to the NFT.

CryptoPunks also benefited from the recent change in ownership, as their floor price remains near a three-month high at over 45 ETH. BAYC NFT retain a floor price above 15 ETH and are one of the widely represented avatars on social media.

Orange Cap Games to expand the Moonbirds universe

Orange Cap Games will use the Moonbirds IP to grow the initial universe and integrate it with its real-world products and games. The gaming company stated that Moonbirds retain untapped potential, which was obscured by the NFT bear market. 

Additionally, the digital footprint of the collection will grow with new use cases and engagement. 

Orange Cap Games will retain its partnership with Yuga Labs by adapting Moonbirds as 3D avatars in the metaverse environment of Otherside. 

Moonbirds will remain an Ethereum collection for now. For scaling and faster transfers, Orange Cap Games has agreed to only migrate the collections to ApeChain, the native L2 network of Yuga Labs.

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