Moonbirds NFT sales surge after Yuga Labs sells IP
Orange Cap Games has acquired the IP rights to Moonbirds from Yuga Labs, driving the NFT collection’s biggest sales spike in months.
Ethereum-based non-fungible token (NFT) collection Moonbirds saw a resurgence in market activity following the sale of its intellectual property (IP) to blockchain game development studio Orange Cap Games.
On June 6, data from NFT data aggregator CryptoSlam revealed that Moonbirds reached a weekly sales volume of over $2 million, up 2,525% from the previous week. For monthly volumes, the collection had surpassed its sales performance for all of May by June 6.
In June, the collection has sales of around $1.4 million so far, up 43% from May’s $900,000. Moonbirds also reached over 1,000 transactions in the last seven days, a 877% increase over the previous week.
