Yuga Labs recently made a strategic decision to sell two of its gaming intellectual properties, HV-MTL and Legends of the Mara, to Faraway, a well-known Web3 gaming studio. This move was intended to allow Yuga Labs to focus more on the development of its two major projects, Otherside and Dookey Dash. With Faraway boasting a team of over 100 skilled professionals and strong backing from investors like Lightspeed, Sequoia, and Andreessen Horowitz (a16z), the acquisition of these IPs signifies a significant milestone for Faraway as it aims to integrate them into its existing ecosystem of interoperable games and economies.
Following the acquisition, Faraway wasted no time in announcing the introduction of a new points system for both HV-MTL and Legends of the Mara NFTs. Current holders of HV-MTL NFTs will now receive points based on a new metadata field called “HV-MTL Points.” This scoring system takes into account various attributes such as the HV’s Class, Companion, Powerscore, evolution to EVO-2, and specific Amp + Rarity type. By adding gameplay elements and enhancing NFT functionalities, this new points system not only provides a new layer of engagement for existing holders but also makes the NFTs more appealing to potential buyers.
Similarly, all Kodas and Kodamaras from Legends of the Mara will benefit from a new metadata field called “LoTM Points.” The scoring system for LoTM points considers factors such as Asset Type, Weapon presence, Ability Type, Role, and Tier of the originating Mara. This incentivizes players to not only collect these NFTs but also actively utilize them in the game, further enhancing the overall gameplay experience.
Faraway and Yuga Labs have expressed their commitment to collaborating closely to ensure interoperability and mutual enhancement of their respective gaming IPs. Both companies share a strong focus on the Web3 gaming market, and their partnership is expected to bring about exciting new experiences for players and drive further growth in the space. By leveraging Faraway’s technical expertise and Yuga Labs’ creative IPs, the strategic partnership aims to deliver innovative and engaging content to players while accelerating the adoption of NFTs and blockchain technology in gaming.
Additionally, the synergy between Faraway and Yuga Labs is anticipated to pave the way for a new era of digital interaction and entertainment in the gaming industry. As these two companies work together to enhance their gaming ecosystems, players can look forward to witnessing some groundbreaking developments in the world of Web3 gaming.
The sale of HV-MTL and Legends of the Mara represents a significant shift in Yuga Labs’ strategy as it focuses on its major projects while also signaling the growing interest in Web3 gaming. With Faraway’s acquisition of these IPs and the introduction of a new points system to add value to NFTs, the future looks promising for players in the Web3 gaming space. As the collaboration between Yuga Labs and Faraway continues to evolve, we can expect to see the emergence of innovative gaming experiences that push the boundaries of what is possible in the digital gaming realm.
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