Yuga Labs strategically sold off multiple NFT IPs to sharpen its focus on core projects

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Just last week, Yuga Labs parted ways with the IP for Ethereum NFT collection Moonbirds that it acquired in February 2024. Earlier this year, it also sold the IP rights to the CryptoPunks and Meebits collections it acquired from Larva Labs in 2022.

Meanwhile, Yuga Labs recently sold off several popular NFT intellectual properties, including Moonbirds, CryptoPunks and Meebits, suggesting that the company is sharpening its focus on its core offerings.