Summary
Yuga Labs has sold two gaming IPs to Faraway, including associated NFT collections. Yuga Labs now has two gaming properties remaining in-house. Spencer Tucker from Yuga Labs will join Faraway as Chief Product Officer. The move is to streamline focus on Otherside and PFP NFT collections. Yuga Labs will work closely with Faraway to ensure interoperability between games. Faraway is the best team to spearhead future development of the acquired games.
Key Points
1. Yuga Labs has sold two of its gaming IPs, HV-MTL and Legends of the Mara, along with associated NFT collections, to Web3 gaming studio Faraway.
2. Yuga Labs now has two gaming properties remaining in-house: The ApeCoin-powered metaverse gaming platform Otherside, and the Bored Ape-themed Dookey Dash.
3. The move to sell HV-MTL and Legends of the Mara to Faraway is part of Yuga Labs’ strategy to streamline its focus and realign its efforts around its biggest games and properties.