Orange Cap Games has officially acquired the Moonbirds, Mythics, and Oddities non-fungible token (NFT) collections from Yuga Labs, marking a significant shift in the ownership and strategic direction for the prominent digital assets. The acquisition, announced on May 30, 2025, transfers intellectual property rights to the gaming studio, less than two years after Yuga Labs had acquired Moonbirds through its purchase of Proof Collective in February 2024. Mike Dudas, a notable figure, shared the news via a tweet, stating, > "newest @moonbirds acquisition free https://t.co/PwNN7gFPS9".
This transaction positions Orange Cap Games, known for its focus on gaming, collectibles, and culture, to expand the Moonbirds universe. The company aims to integrate the NFT collections into new, immersive experiences, including potential ties to its existing gaming initiatives like the Vibes Trading Card Game (TCG). Orange Cap Games emphasizes a renewed vision centered on building vibrant, interactive, and rewarding experiences for Moonbirds holders.
Yuga Labs, the parent company behind the Bored Ape Yacht Club, stated that this divestiture is part of its strategy to "laser-focus" on its core collections and the Otherside metaverse. Yuga Labs co-founder Greg Solano expressed confidence in the new stewardship, noting that "Moonbirds deserve a team whose whole world is the birds, and there
’s no one better than Orange Cap Games to help them reach their potential." This marks Yuga Labs' third NFT IP sale in 2025, following the divestment of CryptoPunks and Meebits earlier in the year.
While financial details of the acquisition were not disclosed, the news has already generated market activity. Moonbirds' sales volumes reportedly surged following the announcement, with some reports indicating a significant increase in floor price and transaction numbers. The deal underscores the evolving landscape of digital asset ownership and the strategic realignments companies are making within the maturing NFT market.
Moonbirds will continue to be integrated into the Otherside metaverse, and any new on-chain assets created by Orange Cap Games will be hosted on Ethereum or Yuga Labs' layer-2 network, ApeChain. Orange Cap Games' acquisition signals a new phase for Moonbirds, with a strong emphasis on product-led adoption and meticulous attention to detail in expanding the brand's digital and physical footprint.