Moonbirds NFT Collection
Moonbirds has quickly become one of the most popular collections in the non-fungible token (NFT) industry. In this article, we will give you all the details you need to know about the Moonbirds collection.
In 2021, the popularity of NFTs arguably exploded, with many NFT collections finding significant mainstream adoption. Although the total sales volume of NFTs decreased in 2022, the excitement in the industry never ceased. Throughout the year, interest in the NFT industry shifted to high-end projects called blue chips.
While some projects such as Bored Ape Yacht Club, CryptoPunks, Azuki, and others continue to eclipse many of the newly launched projects, the Moonbirds NFT collection, which was released in April 2022, has managed to grab the attention of the entire community.
What is the Moonbirds NFT Collection?
Launched on April 16, 2022, using the Ethereum ERC-721 token standard, Moonbirds is a collection of 10,000 unique tokens (NFTs).
According to the information on the official website, Moonbirds NFTs “represent a richly diverse collection of profile photos (PFPs) with unique rarity characteristics.
Moonbirds NFT collection aims to be a new blue chip PFP initiative in the industry. At the same time, owners of the Moonbirds collection have other advantages. In addition to this availability, each Moonbird NFT also opens the door to the special club membership for long-term investors. This is called nesting.
For example, owning a Moonbird NFT also gives access to a Discord server that can be entered with NFTs. On the Discord channel, users can access special Moonbirds channels that offer information about upcoming rewards, community events, nesting, and more.
Each NFT in the Moonbirds collection is minted at 2.5 ETH (mint). In addition, NFT creators receive a 5% royalty fee for each sale made on the secondary market. According to the information on the official website, Moonbirds owners have full intellectual property rights over their NFTs.
In anticipation of unlocking the nesting function less than a week after minting, the base price of the Moonbirds NFT collection has risen astronomically to 36 ETH (approximately $108,000 worth). At the time of our content, the base price of the collection was 29.7 ETH.
What is Nesting?
Moonbirds is built beyond its pixelated designs (see CryptoPunks) that have stood the test of time within the cryptocurrency community so that the user can lock and nest without leaving their wallet. We can compare the nesting process to staking, which is often used in the cryptocurrency market.
Nesting Moonbirds NFTs will begin to bring more benefits to the owner. As the total nesting time increases, users’ NFTs will reach new tier levels.
Nesting is not yet available at the time of this writing, although the Moonbirds team promised that this would happen as soon as possible.
The Developer Team Behind Moonbirds
Speaking of the team, let’s dig deeper and take a closer look at the organization behind Moonbirds. The organization responsible for the collection is called PROOF, and this organization is also behind the PROOF Collective and Grails projects.
PROOF was founded by Kevin Rose and Justin Mezzell, two well-known names in the NFT industry. After the printing process was complete, Kevin Rose posted a YouTube video, announcing that they plan to use the proceeds from the sale to turn PROOF into a well-known and respected media company.
In any case, PROOF Collective is also a closed community accessible only to 1,000 people who own the PROOF Collective NFT. At the time of this writing, the current base price of the collection was 140 ETH, or about $420k.
PROOF Collective is a private group of 1,000 NFT collectors and artists. Investors holding the PROOF Collective NFT have several advantages, one of which was the right to print two Moonbirds NFTs at launch.
Moonbirds NFTs Launch and Discussions
As you can imagine, the launch of Moonbirds also caused some controversy. Before we go any deeper, let’s briefly explain how the collection was published.
First, PROOF Collective NFT holders were entitled to two NFT guarantee mints. That means 2,000 Moonbirds NFTs in total.
On the other hand, 7,875 Moonbird NFTs were sold by the raffle method. This is where the controversy arises. Famous cryptocurrency researcher Zachxbt revealed that some users took advantage of bots and created more than 400 accounts for Sybil Attack in the draw. Many in the community argued that there was no reason why this shouldn’t happen, but users who couldn’t mint the Moonbirds NFT because of it definitely turned the project off.
The remaining 125 Moonbirds were left to be distributed to the team.
Why Do People Buy Moonbirds?
It goes without saying that Moonbirds has been one of the top agenda items in the cryptocurrency community for the past few weeks. In a short time after the completion of the printing process, the transaction volume of the project increased to over 100 thousand ETH, which means a transaction volume of approximately 300 million dollars. Thus, in a short time, the Moonbirds NFT collection surpassed all other collections in a short period of time.
There are many reasons behind this interest in the Moonbirds collection. Art is definitely one of those reasons. Some Moonbird NFTs are rarer than others but have unique features. Therefore, the sale of the following NFT took place at 265 ETH.
Considering the interesting designs, the reputation of PROOF Collective in the industry, and the huge interest the project garnered before launch, it’s no surprise that the project has achieved huge popularity. This popularity was one of the catalysts behind the astronomical price increase of the Moonbirds collection.
How to Buy Moonbirds NFTs on OpenSea
Buying Moonbirds NFT from the OpenSea platform is as simple as purchasing other NFTs on the platform. Find the original Moonbirds collection on the OpenSea platform.
Next, you need to link your wallet to the OpenSea platform. You can log in by connecting a Web3 wallet such as MetaMask and Coinbase Wallet to the platform.
After linking your wallet, you need to send enough ETH or WETH (Wrapped ETH) to your wallet. Coinbase Wallet has a built-in fiat-to-crypto ramp that makes it easy to buy cryptocurrencies. The same feature is also available in the MetaMask wallet.
You can then select the Moonbird NFT you are interested in and press the “Buy” button directly.
If you are wondering how to buy and sell NFTs in OpenSea and want to learn about the process, you can take a look at our comprehensive guide on this subject.
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