Boring Ape parent company YugaLabs acquires Proof! Moonbird merges into Otherside metaverse

120bTC.coM reported that Yuga Labs, the parent company of the well-known NFT blue-chip project Boring Ape (BAYC), announced the acquisition of Proof, the publisher of "Moonbirds", and plans to integrate Moonbirds into its "Otherside" In the metaverse game.

In the future, Yuga Labs will fully own the works and copyrights of Proof’s series including PROOF Collective, Moonbirds, Oddities, Mythics and Grails.

Since 2022, Yuga Labs has rapidly grown in strength through a series of acquisitions, including the famous NFT brands "CryptoPunks" and "Meebit" owned by Larva Labs, as well as WENEW Labs created by artist Beeple and its NFT series 10KTF, Become one of the most visible studios in the NFT industry.

Refused to disclose the acquisition amount

Yuga Labs’ current CEO Daniel Alegre (former Activision Blizzard chief operating officer) said in a statement that as a company committed to promoting blockchain art, A culture and community development company, we are excited to see PROOF join the Yuga ecosystem.

The Moonbirds range has great potential and has a lot in common with the Otherside brand. We hope that PROOF Collective will become an important part of our current artistic and social engagement programme.

According to reports from The Block and Decrypt, when Yuga Labs was asked about the specific amount spent to acquire Proof, the company refused to disclose the relevant details.

Yuga plans to integrate the Proof team into its workforce. Yuga Labs stated in the statement: "Before Kevin Rose becomes an advisor to the company, he will go through a short transition period."

Kevin Rose, a well-known online entrepreneur and founder of the social news platform Digg, is also there The statement stated: "Proof is excited to bring Moonbirds to Otherside, and the combination of the two companies' resources will allow us to innovate faster and benefit more people."

Mononbirds' trading volume surged 517% in the past 24 hours

The market value of Moonbirds once exceeded US$500 million in April 2022, showing that it was "peaking right after its debut". Sales immediately fell to less than US$5 million per month, and it has still not improved. The floor price of Moonbirds has also plummeted by more than 95% from the peak of 40 ETH to currently only about 1.7885 ETH (nearly 5,000 US dollars)

After the news of Yuga Labs’ acquisition of Proof was announced at around 4 a.m. today, The floor price of Moonbirds once jumped more than 40%, reaching a maximum of 2.8 ETH (about 7,800 US dollars). The trading volume in the past 24 hours reached 2,122 ETH (5.91 million US dollars), a surge of nearly 517%.

Moonbirds sales continued to be sluggish after May 2022

Moonbirds floor prices once jumped by more than 40%

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