The Moonbirds NFT is already causing ripples in the NFT space, just two days after its launch. Proof Collective’s first PFP NFT collection is highly anticipated. The Proof Collective, for the uninitiated, is a private, members-only collective of 1,000 NFT collectors and artists. The collection’s enormous success is unsurprising given that Moonbirds provides access to the Proof ecosystem.
Moonbirds NFT is Proof Collective’s first PFP NFT drop
Moonbirds, in a nutshell, is a collection of 10,000 pixel art birds on the Ethereum blockchain. Each of these feathered avatars is unique and has a variety of traits that vary in rarity. More importantly, the longer you hold the NFTs, the more access you will have to private club membership and other benefits.
The Moonbird NFT project, according to Moonbirds website, is “built with utility and community at the foundation.” True to its promises, the collection has already sparked a vibrant community. We’re talking about nearly 153,000 Twitter followers alone!
On April 16, at 12:00 p.m. ET, the collection was released. Although not everyone was pleased with the 2.5 ETH mint price, the NFTs sold out quickly, earning $66 million. Its total sales volume on OpenSea has now surpassed $194 million.
Furthermore, Moonbirds NFT has already flipped some of the top NFT projects, including Doodles and Clone X. Its floor had risen to 18.59 ETH at the time of writing. Doodles’ and Clone X’s floors are trailing at 16.77 and 18 ETH, respectively.
These are tremendous accomplishments for a collection that is only two days old. So, what’s the secret to its success?
Why is the Moonbirds NFT collection so successful?
To understand why the Moonbirds NFTs have achieved such rapid success, you must first understand what Proof Collective truly stands for. To begin with, Proof has a fantastic team with a wealth of experience. Not to mention a fully self-doxxed team, which is always a good sign in NFT projects.
Poof’s founding members are Kevin Rose, Ryan Carson, and Justin Mezzell. To begin with, all three are well-known in the Web2 and Web3 communities. Kevin, for example, is a partner at the venture capital firm True Ventures and a technology venture capitalist. He also hosts the podcasts PROOF and Modern Finance.
The former is an NFT podcast that discusses all things NFTs and features interviews with NFT artists and other industry figures. In addition, Kevin is a serial entrepreneur. He founded DIGG, a popular social news site in the early 2000s. He is also the creator of the ZERO intermittent fasting app and the OAK meditation app.
Ryan, on the other hand, is a well-known entrepreneur and investor. He founded three businesses and one non-profit community. Justin, on the other hand, is an illustrator and designer. Among his clients are Google, Twitter, Facebook, and PayPal, to name a few.
Needless to say, it is because of this strong team that Proof, and thus Moonbirds, has been such a huge success. After all, betting on previously established teams in the NFT space is relatively safer.
More on Proof Collective
Kevin’s most significant foray into the NFT space was Proof Collective. As one Twitter user put it, “many of the space’s top founders, artists, and collectors believe deeply in Kevin’s vision, and bought passes with no intention of selling them.” The members collectively own nearly 154,000 NFTs, including several blue chips such as CryptoPunks, Bored Apes, Meebits, and Art blocks.
Individuals must hold the Proof Collective NFT in order to become members of the collective. These NFTs provide access to Proof’s private Discord server, early access to the PROOF podcast, in-person events, and other benefits. As a result of these factors, these NFTs are in high demand and currently have a 99 ETH floor.
In addition, The Proof Collective has released an NFT collection called Grails. The collection, which was created in collaboration with 20 artists, includes 20 one-of-a-kind works of art. These were available only to Proof Collective pass holders and were free to mint. Among the artists were some of the most well-known figures in the space, such as Hackatao, Mike Shinoda, Larva Labs, and Gary Vaynerchuk.
Proof’s second original NFT project and first 10K PFP collection is Moonbirds. With Proof’s rich history, Moonbirds were highly sought after even before they were released.
Moonbirds NFT
When it comes to Moonbirds, another major reason for their success is their utility. Actually, these are utility-enabled NFTs with benefits that extend beyond a peculiar PFP avatar. First and foremost, Moonbird holders will have access to the Proof Discord. This means getting to know the Proof founders as well as the other members of the Collective. Because Proof’s members include some of the most prominent names in the NFT space, this is an excellent opportunity for people to network and learn more.
In addition, Moonbird NFT holders will have access to Moonbird-related drops, Parliament meetups, and in-person events. You will also have access to future Proof projects, such as Project Highrise, the company’s upcoming metaverse.
Nesting is another important aspect of Moonbirds. Essentially, you can “lock up and nest” your bird within your wallet for extra benefits. This is similar to the staking mechanics provided by several projects. In this case, however, your bird will remain in your wallet. Nonetheless, you will be unable to sell your NFT while it is nesting.
The longer you nest your NFT, the higher the tier level it will move to, giving you more benefits. The perks include merch, stickers, and other items that will be announced later. Collectors are likely to keep their NFTs due to the enticing benefits. As Cryptolocity pointed out, this could result in a “supply shock.”
Kevin tweeted last month, “We’re redesigning @moonbirds xyz.” “We want to provide the lion’s share of rewards to long-term holders.” We envision a future in which utility and benefits are unlocked using your diamond hands (wings).”
Moonbirds, all things considered, is well on its way to becoming the next big blue-chip project! The collection’s value will only increase as the Proof team reveals more utility in the future. Will other projects be able to catch up? Time will tell.
Great article.