What are Moonbird’s NFTs? A guide to the popular digital owls
What is something that looks like an owl but only flies in the digital world? Here’s a hint…thousands of them were released on April 16, 2022, grossing over $200 million in 48 hours. If you guessed Moonbirds, you’re right.
The brainchild of American entrepreneur Kevin Rose, Moonbirds is a collection of 10,000 NFTs (Non-Fungible Tokens) that were dropped in batches to much fanfare and attention. Fortunately for Rose and his team, they attracted more than just attention. The project quickly became one of the most successful NFT projects ever.
Record-breaking release
Moonbird’s grand entrance into the NFT space was notable for its record sales, which earned it the title of one of the top 10 grossing NFT compilations of all time. Granted, NFTs haven’t been around for long, but it’s still a remarkable feat since countless NFT collections are minted daily.
Upon initial release, a supply of 7,800+ Moonbird NFTs was released to individuals who were on a specific “whitelist”. That list was composed of winners of a mega raffle held by PROOF. All participants had to have a minimum amount of ETH – enough to cover the price of one Moonbird NFT.
So, what are Moonbird’s NFTs, what makes them so spectacular, and how did it rise so quickly? Let’s dive in.
What makes Moonbirds so special and popular?
The pixel art collection project offers many irresistible incentives to collectors. One such unique incentive is that a collector can lock or “nest” a Moonbird NFT. This effectively makes the NFT imperishable even if it is not “locked” in a vault.
When a Moonbird NFT is in nesting condition, owners also get the added benefit of priority access to future PROOF NFT projects. Per Moonbirds, “Once your Moonbird is nested, they will begin to gain additional benefits.” Owners get access to an NFT-gated Discord server community where they are first inline to hear about Moonbird development, news, events and of course drops.
The benefits of ownership appear to be the highlight of the project, along with the project’s blue-chip initiative goals.
What benefit does the collection offer?
Utility is an important topic in the NFT world. There are millions of people who still do not understand NFTs and blockchain technology. Moreover, there are many who do not say the industry. Because of this, it is important that projects have demonstrable utility. When projects are built with high utility value, it shows their relevance and purpose in emerging technology markets. This is a way to counter the cryptocurrency ecosystem.
The Moonbirds collection offers utility. It is a generative, large-scale avatar PFP NFT project. That’s a mouthful. Let’s break it down.
If you’re new to PFPs, they are profile pictures (avatars) people can use to represent themselves on social media. But Moonbirds are more than just avatars. The collection has a number of different rarity-driven properties. There’s plenty of variety to choose from and something to satisfy everyone, regardless of their taste in digital assets.
Who is behind Moonbird’s NFTs?
PROOF is the organization (founded by Kevin Rose and Justin Mezzell) that gave birth to the Moonbirds project. Moonbirds being part of the PROOF initiative is important because utility is an underlying framework for PROOF.
Per PROOF, ‘The PROOF-built metaverse will be a dramatic departure from the existing ‘infinite’ worlds that feel like a digital ghost town. Ours is uniquely different and you will have first access as a nested Moonbirds holder.’
The Moonbirds coin is in the early stages, according to Moonbirds. It is exciting to imagine what happens next. We are fortunate to witness the beginning of the Metaverse with projects like PROOF Moonbirds contributing to the development of this technology.
How to buy Moonbirds
So you’ve decided you might want to join the Moonbirds project. Here’s what to do next.
- Head over to your favorite NFT marketplace. The most popular ones are Rarible, OpenSea, LooksRare, to name a few. You can buy Moonbirds at all of these (and more).
- Next, search for (you guessed it) “Moonbirds” under the collections tab.
- Connect to your wallet and place a bid.
As with most transactions on NFT marketplaces, the steps are simple and straightforward.
Moonbird’s first start and high sales are good indications of the project’s appeal. It is a fun, creative and useful initiative in the NFT space. It will certainly be interesting to see how the project continues to develop.
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*All investment/financial opinions expressed by NFT Plazas are from personal research and experience of our site moderators and are intended as educational material only. Individuals are required to research all products before making any type of investment.
Author and writer who likes to simplify topics in blockchain technology.
