Moonbirds NFTs Fly on Debut, Clocking $200M in Sales

2 years ago

Eli is simply a quality newsman for CoinDesk. He holds ETH, SOL, AVAX and LUNA.

Non-fungible token (NFT) task Moonbirds captivated the cryptosphere this play connected its mode to record-setting commercialized volume, becoming the latest postulation to garner bluish spot presumption conscionable days aft its April 16 mint.

The postulation of 10,000 PFPs (profile pics) has present done a bully 69,000 ETH (roughly $207 million) successful full sales, boasting a level terms of 21.3 ETH (roughly $64,000) astatine the clip of writing.

The awesome debut has enactment Moonbirds connected apical of OpenSea’s measurement leaderboard not conscionable for the week, but the past 30 days, up of Azuki (50,000 ETH) and Bored Ape Yacht Club (35,000 ETH).

The historical hype for owl pictures came with immoderate precedence – the task is the archetypal from PROOF Collective, an backstage NFT assemblage led by entrepreneurs Kevin Rose and Ryan Carson.

The radical has marketed Moonbirds arsenic “the authoritative PROOF PFP,” with holders of the PROOF Collective rank walk (the cheapest currently listed astatine 99 ETH) being granted aboriginal minting privileges.

The project’s mint went unsurprisingly without immoderate controversy, from complaints of a hefty 2.5 ETH (roughly $7,500) mint terms to raffle manipulation and concerns of rarity sniping (project leaders buying up uncommon editions utilizing insider knowledge) by its developers.

More generally, the project’s meteoric emergence comes successful opposition with an different downtrodden NFT market, successful which galore apical projects person seen a lull oregon crisp driblet successful income implicit the past fewer weeks.

Moonbirds holders are fixed entree to “Moonbird-related drops, Parliament meetups and IRL events” arsenic good arsenic the backstage PROOF Discord channel, according to the project’s website.

PROOF besides has its ain metaverse successful the works, which it’s calling “Project Highrise,” encouraging holders to “nest” (hold) their Moonbirds for added inferior down the line.

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Eli is simply a quality newsman for CoinDesk. He holds ETH, SOL, AVAX and LUNA.

Eli is simply a quality newsman for CoinDesk. He holds ETH, SOL, AVAX and LUNA.


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