Yuga Labs Divests HV-MTL and Otherside to Faraway

This week, Yuga Labs unexpectedly revealed that it has sold the HV-MTL and Otherside brands to Faraway. With this acquisition, Faraway gains ownership of the intellectual properties and the majority of related NFT collections, and has committed to advancing the development of their gaming projects.

Faraway, originally known for their basic online shooter game, has successfully established a presence in the gaming industry. This presence is expected to expand significantly with the integration of their recently obtained intellectual properties, HV-MTL and the Otherside!

In addition to transferring intellectual property, there is also a shift in staff roles. Spencer Tucker, who formerly served as the Chief Gaming Officer at Yuga Labs, will take on the role of Chief Product Officer at Faraway.

Is Yuga Labs shifting its focus from web3 gaming? It's difficult to determine definitively. However, considering Yuga's limited involvement with both games so far, this strategy might ultimately benefit the gaming community. Faraway has already been active within the Yuga ecosystem, having developed the most recent iteration of Dookey Dash and started development on another project called Mara: Rise.

Faraway has quickly started making changes, unveiling new features for several NFTs within its linked collections. The HV NFTs, along with Kodas and Kodamara, will start to accumulate ‘points’, although the purpose of these points has not yet been disclosed. Additionally, the Koda collection will continue to be managed by Yuga Labs. Both Faraway and Yuga Labs have expressed that the ability for NFTs to operate across different platforms is a priority for them. However, the specifics of how they plan to implement this concept remain to be seen.

In this acquisition, Faraway has taken ownership of the subsequent NFT collections: HV-MTL, Sewer Passes, Otherside Vessels, Otherside Maras, Otherside Kodamaras, Otherside Ship Parts, Otherside Catalyst, and Otherside Partner Loot.

Here's where you can find the formal statement from Yuga Labs.

Yuga Labs recently launched Kodamara Fusion for Otherside gamers, enabling them to upgrade their Mara by utilizing Catalysts and Sediment Fragments.

What is Faraway?

Faraway operates as a game development studio specializing in web3 technology. They developed Mini-Royale, which is a quick, online first-person shooter that incorporates NFT integrations on the Solana blockchain. Additionally, they have developed Faraway Land, a game focused on constructing bases where players can produce items to be used in Mini-Royale. Faraway has also launched tools for creators, enabling them to design personalized skins and market them via the Faraway Shop.

Faraway has collaborated with Yuga Labs to reintroduce Dookey Dash and has developed Serum City, a digital realm for owners of Mutant Apes. Following their recent purchase of HV-MTL and the Otherside, Faraway is poised to significantly enhance their reputation in the industry!

For additional information on Faraway, check out their official website, stay updated by following their Twitter handle, and connect with their community on Discord.

Associated Articles

Navigating Posts

Recent Updates

Video Channel

Leading Gaming Cryptocurrencies

Top Play-to-Earn Games

Games to Look Out For in November

Common Questions

Starting with play-to-earn games: A Guide

What are Non-Fungible Tokens?

What does the play-to-earn business model entail?

Exploring the Concept of the Metaverse

Become a Part of Our Group

🐤 Connect with us on Twitter

🗨️ Become a Member of Our Discord Group

Become Part of Our Team!

Our team is expanding, and we're in search of enthusiastic individuals who are eager to contribute content. If you possess in-depth understanding of the play-to-earn ecosystem and have the capability to create high-quality content, please complete this form and share why you'd be an excellent fit for our team.

Engage and Profit Virtually

As inhabitants of the digital universe, we've been delivering updates and analyses on blockchain games, cryptocurrency art, and unique digital assets since January 2020.

Gaming Genres

Leading Play-to-Earn Games

©2022 Earn by Playing – Privacy Policy