MOONBIRDS IS JOINING BORED APE’S NFT EMPIRE, BUT CAN YUGA LABS CONQUER ITS GROWING PAINS?

Summary from the TLDR Crypto newsletter

Yuga Labs, the team behind the Bored Ape Yacht Club, has announced the acquisition of Proof, the NFT company behind the Proof Collective and Moonbirds. Proof has faced significant challenges over the past year and a half after a booming start. The Moonbirds assets will be integrated into Yuga's gaming universe, with potential for IP rights transfers to holders. The deal was met with polarized opinions. Many in the BAYC community have been disappointed with the team throughout the bear market.