- The recent launch of Moonbirds by PROOF was a significant move in the vast NFT space that attracted significant attention in a short time.
- Moonbirds is an Ethereum-based Profile Picture (PFP) comprising 10,000 unique NFTs featuring a pixelated owl.
- PROOF plans on releasing additional NFTs and hosting a live NFT conference next year, and a lot more.
In the ever-growing Non-Fungible Tokens (NFTs) space, it sometimes seems to be full of copycat collections. This makes it a bit tough for a collection to make a significant position, specifically when it is a Profile Picture (PFP) Project.
Moonbirds, still a newly emerged NFT project, has soared significantly, and that may be due to its inventive rewards model, compelling artwork, and prominent backers.
Moonbirds is the first Ethereum NFT Profile Picture collection by Kevin Rose’s PROOF. It is a collection of 10,000 unique NFTs that feature a pixelated owl with varied characteristics. Just like other NFT projects, no two NFTs are alike. The project can be safely compared to others like Bored Ape Yacht Club (BAYC), CryptoPunks, etc.
The holders of the Moonbirds collection have intellectual property rights and can utilize their owned images to develop services, products, merchandise, and a lot more. Furthermore, they also have access to PROOF Collective, a private community.
PROOF Collective is a membership club based on NFTs created by Kevin Rose, the Digg co-founder, and a venture capitalist. PROOF commenced as a Podcast last year, which he turned into a private community requiring an NFT pass to access. It also rewards the holders with access to events and content, NFT drops, etc.
Furthermore, PROOF plans on releasing additional NFTs besides developing Web3 content and launching a live conference next year and its other initiatives and plans.
But Why Are Moonbirds Skyrocketing Suddenly?
Well, this can be related to the reputation and profile of Rose, who himself is a vehement NFT collector and enthusiast. Rose also recently signified that PROOF has secured $20 Million from the Venture Capital Seven Seven Six, founded by Alexis Ohanian, the co-founder of Reddit. Ohanian is another reputed name in the tech industry.
Furthermore, a reason could be the future plans and perks for PROOF, as the membership has already resulted in considerable benefits for the holders. The NFT enthusiasts might be seeing potential in the project.
Then there’s Nesting, a new feature rolling out with Moonbirds. This feature is basically a riff on staking that lets the folks earn yields by locking them up on a platform. But here, the case is slightly different.
Nesting the Moonbird NFL and not selling or listing it would get your nest to level up. The long-term holders having higher level nests would receive enhanced benefits in the PROOF community with improved drops and rewards. Although the project launched in April itself, hence certain things can’t be spoken of with clarity.
The NFT project was initially minted on April 16 and is now accessible via NFT marketplaces like OpenSea and LooksRare. Recently The Sandbox highlighted that it got a Moonbirds NFT.
The project has already generated a significant trading volume within a short duration. According to data by Dappradar, the trading volume for the last twenty-four hours is around $9.22 Million. It is to look forward to what all the project will further come up with and how it will emerge in the future.
Source: https://www.thecoinrepublic.com/2022/04/30/moonbirds-how-these-owl-nfts-caught-eyes-suddenly/