Yuga Labs’ Bold Move: Acquiring PROOF_XYZ and Moonbirds

Durwin Ho
4 min readApr 25, 2024
The big boys are merging. Is this a signal for the NFT market?

The NFT is consolidating, not collapsing.

NFTs are dead!

Nobody is buying them anymore.

The hype is over.

That is what people are yapping about.

But that isn’t true.

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Durwin Ho

CEO of StartupX | Web3.0, Crypto, DeFi, NFT Enthusiast |HyperX Sustainability Hackcelerator | Startup Weekend Singapore.