Yuga Labs Sold Two Gaming IPs to Faraway

Yuga Labs just sold two gaming IPs to Faraway. Faraway has worked closely with Yuga on projects like Dookey Dash. Now, the development studio is in control of both Legends of the Mara and HV-MTL.

Big news to share: Faraway is acquiring HV-MTL and Legends of the Mara. We’re incredibly excited to take this IP to new heights by building on the strong foundation that Yuga has created.

That starts by rewarding the community. Keep an eye on your metadata today. As a first… pic.twitter.com/QtQ2JQUzWw

— Faraway (@farawaygg) April 17, 2024

Why did Yuga Labs sell these NFT games?

After this deal, Yuga Labs is left with two gaming IPs: Otherside powered by The ApeCoin and Dookey Dash. Apparently, Yuga Labs decided to sell its IPs to streamline its focus towards the development of the Otherside. This also means that Faraway is now in control of the associated NFT collections of both the games that it acquired.

Faraway also announced that Spencer Tucker, the Chief Gaming Officer at Yuga Labs will be joining as the new Chief Product Officer at Faraway to help maintain the games continuity. He has previously worked alongside Faraway co-founders on several projects.

To help us chart the path forward, @everydayzukini will be joining Faraway as Chief Product Officer. Spencer is no stranger to Faraway – he’s worked alongside our co-founders, @apaley13 and @0zdenz, to launch some of the world’s biggest games during their mutual years at Glu and… pic.twitter.com/2XIk3XkPXC

— Faraway (@farawaygg) April 17, 2024

What’s next?

Yuga has stated in a press release that it was in talks with Faraway for almost a year. It all started with conversations around Legends of the Mara. From there, both companies transitioned towards Dookey Dash with plans for Evo2, Evo3, and HV-MTL.

It looks like it might be the best decision for HV-MTL and Legends of Mara to be further developed under Faraway. Currently, Yuga Labs is working with the Faraway team to burn the unrevealed HVMTLs in Yuga’s wallet.

The Faraway team is also working on integrating Legends of the Mara and HV-MTL into their Discord server after unveiling a points system.

This story was sourced from Yuga Labs official news website.