Faraway Acquires Yuga Labs Gaming IPs

In this post

Faraway is acquiring Yuga Labs's HV-MTL and Legends of The Mara IPs, aiming to enhance the IPs by introducing a new points system and more integrations following their acquisition from Yuga.

The Deets

New Ownership: Faraway now owns HV-MTL and Legends of the Mara
Points System: New 'HV-MTL Points' and 'LoTM Points' to be added to NFT metadata.
Experienced Leadership: Spencer Tucker, a gaming veteran, joins Faraway as Chief Product Officer.
Interoperability Focus: Enhancements include cross-game interactions within Faraway’s network.

The Bulk

Faraway, a seasoned game development team backed by prominent investors like Lightspeed, Sequoia, and a16z, officially acquired Yuga's gaming IPs, HV-MTL and Legends of the Mara. This acquisition is a part of Faraway’s strategy to build an ecosystem of interoperable games that reward player engagement and loyalty.

The introduction of a new points system is a significant first step in this integration. HV-MTL and Legends of the Mara NFTs will feature new metadata fields indicating point values, which are calculated based on various attributes such as class, companion, powerscore, and more. These points will play a crucial role in enhancing the utility and value of the NFTs within Faraway's gaming network.

Adding to the strategic depth, Spencer Tucker, known for his extensive experience in the gaming industry with companies like Glu and Scopely, will oversee the product development at Faraway. His expertise will be pivotal in ensuring the smooth integration of the newly acquired IPs and maintaining the original vision of the Yuga brands.

🎤 Founder Feedback

Today marks a milestone for our IP, as we announce that Faraway is acquiring the LoTM and HV-MTL brands, incorporating them as preeminent collections in their current and future gaming products. These brands will, of course, remain closely connected to both Yuga and Otherside.Greg Solano, Yuga Labs CEO

🔜 What's Next?

Faraway plans to integrate these IPs into its broader ecosystem, with more announcements expected in the upcoming seasons.

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Author Bio

Logan Hitchcock

NFT Analyst

Logan is a content lead at Lucky Trader and is best known for selling every good NFT far too early. He also maintains an irrational exuberance for clay-based NFTs.

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