Yuga Labs has 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 aim of this strategic move by Yuga Labs is to focus its efforts on the development of its two major projects, Otherside and Dookey Dash.

Faraway has a strong team of over 100 skilled professionals and is backed by key investors such as Lightspeed, Sequoia, and Andreessen Horowitz (a16z), is well-equipped to take these IPs to new heights. The acquisition marks a significant milestone for Faraway as it integrates these properties into its existing ecosystem of interoperable games and economies.

As an immediate step post-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 holders and attract new enthusiasts by adding gameplay elements and enhancing NFT functionalities.

Big news to share: Faraway is acquiring HV-MTL and Legends of the Mara. We’re incredibly excited to take this IP to new heights by building on the strong foundation that Yuga has created.

That starts by rewarding the community. Keep an eye on your metadata today. As a first… pic.twitter.com/QtQ2JQUzWw

Holders of HV-MTL NFTs will receive points based on a new metadata field called “HV-MTL Points.” 

The scoring system takes into consideration various attributes such as the HV’s Class, Companion, Powerscore, 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.

Similarly, all Kodas and Kodamaras from Legends of the Mara will also benefit from a new metadata field called “LoTM Points.” 

The scoring system for LoTM points is influenced by factors such as Asset Type, Weapon presence, Ability Type, Role, and Tier of the originating Mara. 

This encourages players to not only collect these NFTs but also actively use them in the game.

Faraway and Yuga Labs have expressed their commitment to collaborate closely to ensure interoperability and mutual enhancement of their respective gaming IPs. Both companies have a strong focus on the Web3 gaming market, and this collaboration is expected to bring 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. Additionally, 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.

The sale of HV-MTL and Legends of the Mara marks a significant shift in Yuga Labs’ strategy as it shifts its focus towards its two major projects. This move also highlights the increasing interest in Web3 gaming, with Faraway being a key player in the industry. The introduction of a new points system for these IPs is set to add more value to the NFTs and attract even more players to the games. As Yuga Labs and Faraway work together to enhance their gaming ecosystems, we can expect to see some exciting developments in the world of Web3 gaming.

The post Faraway Acquires HV-MTL and Legends of the Mara from Yuga Labs appeared first on NFT News Today.

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