An investor’s dream in the Non-Fungible Token (NFT) world is to get their hands on extremely valuable NFT sets. This could be in the form of popular collections like the Bored Ape Yacht Club (BAYC) or the Mutant Ape Yacht Club (MAYC) NFT sets, which has now been reserved for the world’s elites.
Besides the increase in their respective floor prices, these exclusive NFTs also come with additional real-world privileges such as access to exclusive airdrops, backstage passes at events, and more.
Moonbirds, on the other hand, still presents some opportunity for smart investors in search of an elite NFT set comparable to the BAYC. This is because its floor price jumped from 2.5 ETH to 20 ETH in just 5 days following its inception, representing a 700% rise.
About MoonBirds
Moonbirds launched on Ethereum’s network on April 16th, 2022, under the ERC-721 standard. Essentially, Moonbirds NFTs are utility-enabled profile pictures (PFPs) with diverse and distinct rarity-driven features.
PROOF is the organisation in charge of Moonbirds. Kevin Rose and Justin Mezzell, both popular figures in the NFT scene, created PROOF. Rose revealed in a YouTube video, after the mint, that the funds from the sale will be used to turn the organisation into a known and reputable media firm.
The ability to mint two Moonbirds at the launch of the collection was one of the advantages of owning the PROOF Collective NFT.
Mooonbirds intends to become another blue-chip picture for proof (PFP) company, but it also provides Moonbirds owners with a plethora of other advantages. Aside from its utility, each Moonbird is designed to provide members admission to a private club, with more benefits accruing with time.
Holding a Moonbird, for instance, grants access to an NFT-gated Discord server. Additionally, users will have access to private Moonbirds channels, including information on upcoming drops, community events, and nesting.
Holders will be able to gain additional benefits by ‘nesting’, or locking, their Moonbirds NFTs. A Moonbirds NFT will update its nest and achieve new stages after the nesting process is completed or matured. Then, the NFT will unlock a new set of bonuses or prizes for its owner.
The collection was minted at 2.5 ETH each, with the designers receiving a 5% royalty on all secondary sales. According to Moonbirds’ official website, NFT owners will have full intellectual property rights.
How Many Moonbirds Are Available for Purchase
Out of the 10, 000 Moonbirds, 2,000 were made available to PROOF Collective NFT holders via a free mint, 125 were distributed to the Moonbirds team, and the remaining 7,875 were minted for 2.5 ETH each by those who won an allowlist spot in a public raffle. As a result, the Moonbirds team raised nearly $66 million from the allowlist mint based on current market pricing.
Moonbirds NFTs are available for purchase on like Opensea. The floor price of the NFT on OpenSea is 23.9 ETH with about 140,000,000 volumes traded.
MBIRD, the foundational currency, allows holders to participate in Moonbird’s governance structure. The digital asset can be mined by staking or giving liquidity. After the eighth halving, it would take around 7 years to distribute all MBIRD with a maximum supply of 21 million.
The Moonbird ecosystem’s reserve currency is Smartbird (SBIRD). It was created with the long-term health of the protocol in mind. The treasury backs every SBIRD produced for staking rewards with a reserve. Staking and yielding will account for a portion of the treasury, with the remainder used for MBIRD buyback and burn. This will drive up MBIRD volume, buy pressure, and scarcity, making MBIRD an ultra deflationary asset.
Perks of Owning a MoonBird
Each Moonbird offers access to the following: The PROOF Discord community and its accompanying benefits. The NFT also offers access to PROOF’s next metaverse project, Project Highrise.
Additional benefits accrue as long as Moonbirds NFT holders keep them. Holders can nest their funds: lock them up in exchange for passive crypto income, prospective incentives, and other benefits. Moonbirds cannot be sold on secondary markets while they are in the process of nesting.
Where to Buy MoonBird
Since all Moonbirds were minted, the best place to get them is on a secondary NFT marketplace like Opensea.
Follow these steps to buy a Moonbird NFT from Opensea:
- Link Your Wallet
To buy a Moonbird NFT on OpenSea, connect a browser-based cryptocurrency wallet. A suitable wallet for this purpose is MetaMask. - Fund Your Wallet
After connecting your wallet, you’ll need to get some ETH or WETH (Wrapped Ether). On OpenSea, the majority of NFTs are bought and traded with Ether, the Ethereum network’s native token. As a result, make sure you have enough ETH in your Metamask wallet to buy the NFT and cover other costs, like the gas fee.
Buy Your Moonbird NFT
Search for the Moonbird NFT of your choice and click the buy button.
Conclusion: What’s the Next Step for MoonBird
Rose has always been open about his intentions with PROOF and Moonbirds. According to his announcement in a YouTube video, the earnings from the inaugural Moonbirds collection will be used to launch a new media company.
While PROOF is currently riding the Moonbirds’ success wave, they also stated some future plans in a video release with 100% of proceeds to be used to hire more people and develop new products, all with the goal of providing more value to our community.
