Yuga Labs acquires Moonbirds and other PROOF’s NFT collections

Yuga Labs, the crew behind the Bored Apes Yacht Membership (BAYC), announced immediately that it has acquired NFT startup PROOF, bringing to its ecosystem a number of PROOF’s NFT collections, together with Moonbirds, PROOF Collective, Oddities, Mythics, and Grails exhibition collection.

Yuga Labs has acquired @PROOF_XYZ, which incorporates PROOF Collective, @Moonbirds, Mythics, @oddities_xyz, and @Grails exhibition collection.

For extra info, see the official Yuga Information weblog: https://t.co/ly3fTYxCBk pic.twitter.com/ouvIM4Hr4S

— Yuga Labs (@yugalabs) February 16, 2024

With this acquisition, Yuba Labs will personal PROOF’s complete suite of property, together with its crew, mental property, and an in depth inventive portfolio, the agency famous in a current weblog publish. By integrating these property with its present ecosystem, Yuga Labs goals to seed a vibrant and interconnected Web3 ecosystem that draws creators, communities, and types.

Daniel Alegre, CEO of Yuga Labs, expressed his enthusiasm for the merger, stating:

“As an organization dedicated to championing artwork, tradition, and group on the blockchain, we’re excited to have PROOF be part of the Yuga ecosystem. Moonbirds is a set with nice potential and plenty of unifying model components with Otherside. We stay up for PROOF Collective changing into an essential a part of our ongoing artwork and group engagement efforts.”

As a part of the acquisition, Kevin Rose, CEO and founding father of PROOF, will transition into an advisory function following a quick handover interval. He, alongside the PROOF crew transitioning to Yuga Labs, together with Josh Ong, Jesse Bryan, and Amanda Gadbow, will facilitate the seamless integration of Moonbirds and different pivotal components into the Yuga ecosystem.

Rose shared his optimism in regards to the acquisition, saying:

“We’re very excited to carry Moonbirds into Otherside. It’s the excellent house and future for our collectors. With the PROOF Collective on board, it exhibits Yuga’s dedication to digital tremendous artwork, and our mixed assets will enable us to innovate quicker and attain extra folks. It’s going to be an thrilling journey.”

With this acquisition, Moonbirds and different NFT collections be part of the ranks of CryptoPunks, Meebits, and 10KTF beneath the Yuga Labs banner. This amalgamation not solely enhances Yuga’s place within the NFT market but in addition guarantees to counterpoint the BAYC Otherside Metaverse, doubtlessly that includes Moonbirds alongside CryptoPunks and Meebits on this digital world.