Yuga Labs recently sold two of its gaming intellectual properties (IPs), HV-MTL and Legends of the Mara, to Faraway, a well-known Web3 gaming studio. The purpose of this strategic move by Yuga Labs is to focus its efforts on the development of its two major projects, Otherside and Dookey Dash.
Far away has a strong team of over 100 skilled professionals and is backed by key investors such as Lightspeed, Sequoia and Andreessen Horowitz (a16z), and is well equipped to take these IPs to new heights. The acquisition marks an important milestone for Faraway as it integrates these properties into its existing ecosystem of interoperable games and economies.
A new points system
As an immediate step following the acquisition, Faraway has announced the introduction of a new points system for both HV-MTL and Legends of the Mara NFTs. This system is designed to reward current owners and attract new enthusiasts by adding gameplay elements and improving NFT functionalities.
HV-MTL points
Holders of HV-MTL NFTs will receive points based on a new metadata field called “HV-MTL Points.”
The scoring system takes into account various characteristics such as HV class, Companion, Power score, evolution to EVO-2 and specific Amp + Rarity type.
This not only adds a new layer of gameplay for existing holders, but also makes the NFTs more attractive to potential buyers.
Legends of the Mara Points
Likewise, all Legends of the Mara Kodas and Kodamaras will also benefit from a new metadata field called ‘LoTM Points’.
The LoTM point scoring system is influenced by factors such as asset type, weapon presence, skill type, role, and level of the original Mara.
This encourages players to not only collect these NFTs, but also actively use them in the game.
Strengthening cooperation
Faraway and Yuga Labs have expressed their commitment to work closely together to ensure the interoperability and mutual improvement of their respective gaming IPs. Both companies have a strong focus on the Web3 gaming market, and this partnership is expected to deliver exciting new experiences for players and drive further growth in the space.
The strategic partnership is designed to leverage the strengths of both companies, combining Faraway’s technical prowess and Yuga’s creative IPs to deliver innovative and engaging content. Furthermore, the synergy between the two companies is expected to accelerate the adoption of NFTs and blockchain technology in gaming, paving the way for a new era of digital interaction and entertainment.
Conclusion
The sales of HV-MTL and Legends of the Mara mark a major shift in Yuga Labs’ strategy as it shifts its focus to its two major projects. The move also highlights the increasing interest in Web3 gaming, with Faraway being a major player in the industry. The introduction of a new points system for these IPs will add more value to the NFTs and attract even more players to the games. As Yuga Labs and Faraway work together to improve their gaming ecosystems, we can expect to see some exciting developments in the world of Web3 gaming.