Game studio Faraway announced that it will acquire Yuga Labs’ small games—HV-MTL and Legends of the Mara. The latter may be able to focus more on its industry to face the recent downward trend in the NFT market.

Faraway acquires Yuga Labs mini games

The Faraway team is acquiring Yuga Labs’ HV-MTL and Legends of the Mara game projects, bringing these game IPs that have stirred up a lot of discussion in the industry into its ecosystem.

(Robots have landed in the Boring Ape World! After the parkour game is over, eight types of robots "HV-MTL" will take over)

(Otherside launches the strategy game "Legends of the Mara"! Understand the game mechanics in one article, free airdrops for land holders)

Faraway said the immediate goal is to bring as much utility as possible to these related NFTs. Bringing new applications through composability, new points plans will now be opened.

Start a new points program

The Faraway team said the first step after the acquisition was to give back to the community. A new points program will be launched for HV-MTL and LoTM NFT, but the relevant reward content has not been announced yet.

  • HV-MTL Points: All HV holders will receive HV-MTL Points according to different conditions and levels to encourage users to upgrade to EVO-2.

  • Legends of the Mara Points: While the Otherside Koda line will remain under the Yuga brand, Kodas will still earn points. All holders of Kodas and Kodamaras will receive LoTM Points.

Faraway strengthens partnership with Yuga Labs

Faraway has already contacted and cooperated with Yuga Labs in the past. For example, it recently assisted Yuga in launching "Dookey Dash: Unclogginged" and "Legends of the Mara: Rise". The game teams behind them are all Faraway.

(Dookey Dash Unclogged will be open to everyone to play)

Faraway believes that Yuga Labs’ game IP has full growth potential using its own resources. We will continue to work closely with Yuga Labs in the future to ensure more opportunities for collaboration and new products.

Yuga Labs will focus resources on developing key projects

This sale and cooperation seems to have more advantages than disadvantages for both parties. From Yuga Labs' perspective, it can focus more resources on BAYC, MAYC, and Otherside projects to face the recent rapid decline in prices.

The current floor price of BAYC has reached below 12 ETH, while the floor price of MAYC has reached 2 ETH. At present, the Yuga Labs team still has no major next plans or news to release, and given the lack of market interest in NFT, the prices of related projects have been hovering at lows for a long time.

The current floor price of HV-MTL is about 0.23 ETH, and the liquidity is quite exhausted, with almost no transaction records in the past month. Whether the strategy of this cooperation is effective remains to be tested by the market.

This article Faraway acquires Yuga Labs mini-games: HV-MTL and Legends of the Mara first appeared on Chain News ABMedia.

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