Erik Weijers, 9 months ago

Moonbird NFT collection off to a wild start

On April 16th, the Moonbird collection was launched. The pixelated owls could be minted for 2.5 ETH. A few hours later they went over the counter for over 20 ETH. It seems that the project has staying power, just like the punks and the apes.

It was the most successful launch of an NFT project of the year. In two days, 280 million in sales were made. In 24 hours, more volume was traded than the Apes in the past month combined (The Bored Apes are the most expensive and most traded NFT collection today).

The Moonbirds, like the CryptoPunks and the Bored Apes, have several more or less rare features (hats, crowns, colour, etc), which partly determine their value. Buyers of a Moonbird receive the intellectual property of their owl and may thus do anything with it: build a company around it, for example.

Membership benefits

Moonbirds fall into the category of Profile Picture NFTs. But much more is possible with them. Owning them is tantamount to being a member of a club. Over time, this provides Moonbirds buyers with all sorts of benefits, both in the real world and in the Metaverse being built around the project. Think access to a Discord group of your own. Creator Kevin Rose, Web3 Venture Capitalist, also envisions an application in which membership is linked to the real world and provides benefits there.

Nesting instead of staking

To build a sense of community and prevent buyers from "flipping" their Moonbird right away, nesting has been introduced. You could call it a form of staking for NFTs. In the course of months, your owl builds its nest and for that you, the owner, are rewarded with future airdrops. Nesting is not live yet but coming soon.

Long-term vision instead of flipping

The Moonbird mint comes from the Proof collective. That's a club of 1,000 art collectors. The club's membership card? Of course, an NFT. From the beginning, Proof has placed less emphasis on making a profit on NFTs and more on the long-term view. Hodling art, so to speak. You could see the launch of Moonbirds as an expansion of the membership circle.

The already mentioned Kevin Rose was also the founder of Digg, one of the first social news sites, in 2004. He talks about how much easier it is to be profitable as a company and as a community because of NFTs. It is a new revenue model that makes advertising unnecessary: "We had 38 million users at Digg and were still not profitable. We were living in an ad world, which led to bad business decisions. Now we're in a beautiful new world where we don't have to sell our users anymore. We make revenue from royalties."

Featured articles
Four trading strategies for crypto
Bitcoin and Ethereum: what are the differences?
What determines the Bitcoin price?
Related articles
Report: Amazon planning to launch its own NFT platform

Jan 30, 2023

Last weekend crypto media went wild. According to a report from Blockworks, Amazon is planning to launch its blockchain-based platform. This had a direct impact on the price of AVAX since Avalanche announced a partnership with AWS earlier this month.

Trade anytime, anywhere

Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app.

  • 2525 Ventures B.V.
  • 3014 DA Rotterdam
  • The Netherlands
More info
  • About LiteBit
  • Careers
  • Support
  • Sell
  • News
  • Education
  • Affiliates
Subscribe for updates

Sign up to stay informed via our email updates

Subscribe
Explore popular coins
© 2023 LiteBit - All rights reserved