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Orange Cap Games acquires Moonbirds NFT IP from Yuga Labs

Jun 01, 20257 months ago

Acquiring Company

Orange Cap Games

Acquired Company

Yuga Labs

New YorkCoral GablesVideo GamesGamingSoftware

Description

Orange Cap Games has acquired the Moonbirds NFT intellectual property from Yuga Labs, marking the latter's strategic refocus. This is Yuga's third IP sale in 2022, following CryptoPunks and Meebits. The future direction of Moonbirds under Orange Cap remains unclear, but ambitions in the NFT gaming space appear central to their plans.

Company Information

Company

Orange Cap Games

Location

New York, New York, United States

About

Orange Cap Games is a new player in the blockchain gaming market. The studio employs a hybrid approach to combine physical and digital experiences. They have recently launched a trading card game based on Pudgy Penguins on the Ethereum layer-2 network. The acquisition of Moonbirds signifies their ambition to expand their IP portfolio in NFT-powered gaming.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed