Yuga Labs, the digital asset incubation studio and the team behind the popular Bored Ape Yacht Club, has announced the sale of the intellectual property (IP) for its Moonbird non-fungible token collection. The Bored Ape NFT creator has sold IP for the Moonbird NFT collections to Orange Cap Games, a renowned trading card gaming company. Yuga Labs bought Moonbird in February 2024.
— Orange Cap Games (@Ocapgames) May 30, 2025
Yuga Labs Sells IP Moonbirds NFTs
In a May 30 blog post, the Orange Cap Games team confirmed that they have successfully bought the digital asset incubation studio Proof Collective. The sales included the intellectual property for the Moonbirds, Mythic and Oddities non-fungible token series. The Orange Cap Games is a trading card game company renowned for combining physical collectibles and digital gameplay to offer a unique experience for trading card enthusiasts. While commenting on the acquisition, the company wrote:
“We are excited to take the reins (or should we say wings) of Moonbirds and write the next chapter of one of the most storied franchises in the on-chain (and sometimes in-chain) world. Moonbirds have simply been nesting during the bear market, filled with untapped possibility, and under our stewardship, it is now time to take flight.”
Launched in December 2021, Proof Collective is a digital asset incubation studio and the team behind the Moonbirds, a non-fungible token collection featuring a limited set of 10,000 digital items hosted on the Ethereum blockchain network. Proof Collective is also home to Moonbirds Mythics, an NFT collection featuring a limited edition of 20,000 hosted on the Ethereum chain and Oddities, a NFT collection featuring a limited edition of 10,000 NFTs generated from the imagination of artist Gremplin.
In February 2024, Yuga Labs announced the acquisition of Proof Collective as a strategic move to expand Yuga Labs’ presence in the Web3 space. Launched in 2021, Yuga Labs is home to many NFT collections, including Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club and Otherside NFT collection. Yuga Labs also hold IP for Twelvefold, Koda and Kodamara NFT collections.
IP Selloff Increases In 2025
The Moonbirds IP sale came just a few days after the Bored Ape Yacht Club and Mutant Ape NFT creator, Yuga Labs, sold the IP for the CryptoPunks NFT collection to Infinite Node Foundation. Launched sometime in 2017, CryptoPunks is a non-fungible token collection, featuring a limited supply of 10,000 pixilated digital items hosted on the Ethereum blockchain network. In response to the IP sale, the Moonbirds NFT collection has surged in sales volume and floor price value.
Yuga Labs sold Cryptopunks IP to Node Foundation for $20Mn
A lot of people called this a bad move as they feel Yuga could have sold Punks IP for more
Even Luca Netz said he “would’ve spent 75(Mn)”
These people don’t see the bigger picture: Punks IP is sold to a non-profit org… pic.twitter.com/DBgMKFocuh
— JBond (@jbondwagon) May 14, 2025
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