NFT Moonbirds: the night owl that The Sandbox snaps up for $1 million

Sorry Hedwig! – Moonbirds is an NFT collection of 10,000 owl avatars. The collection was one of the fastest to achieve the status of bluechip in terms of floor price. Moonbirds was launched on April 16, 2022 by Proof, a media startup founded by famed venture capitalist Kevin Rose. Moonbird #2642, one of the rarest members of this collection, sold on Saturday for a record 350 ETH (over $1 million) on the marketplace NFT OpenSea.

Owl, owls in NFT… Make way for the Moonbirds!

Kevin Rose is currently a partner at technology-focused venture capital firm, True Ventures. He was previously associated with Google Ventures and has over 1.5 million Twitter followers. Rose hosts an NFT-focused podcast with startup Proof. Moonbirds is his second big NFT project after Proof Collective. Proof Collective is a group of 1,000 NFT collectors and artists, including Beeple. Each has an NFT Proof Collective and enjoys certain exclusive benefits.

These perks include access to Proof’s private Discord, early access to the Proof podcast, and physical events. Moonbirds are “Proof’s official profile pictures” according to the Moonbirds website. The NFT Moonbirds recorded total sales volume of nearly $360 million. All in just over a week, according to data from Dune Analytics. Its 10 highest sales are between $397,000 and $1 million.

The current floor price for Moonbirds is 33.3 ETH, according to OpenSea. Proof launched the mint of these NFTs at 2.5 ETH each. This means that the holders were able multiply their winnings by twelve in just over a week.

Moonbird #2642 was even sold for a record 350 ETH (over $1 million) at The Sandbox. For the record, The Sandbox is a blockchain-based game company that is a subsidiary of Animoca Brands. The seller, “oscuranft” on OpenSea, realized a profit of about $600,000. Indeed, he had bought the NFT a week before for 100 ETH.

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But why such a success for this NFT collection?

Several factors motivated the rapid success of Moonbirds. First of all, the support of Kevin Rose which is not the least. Next, the success of the previous NFT Proof Collective project. Finally, collectors currently opting for NFT projects with a good track record, like this one.

Holders of Proof Collective NFT also made big gains. These NFTs have been mint last December from a price of 5 ETH via a Dutch auction. The current floor price for these NFTs is 109 ETH, according to OpenSea. Proof Collective’s NFTs recorded a total sales volume of more than 39 million dollars to date according to data from Dune Analytics.

NFT Moonbirds represent owls.

As for the Moonbirds, Rose seems to have bigger plans. Moonbirds is launching a new feature called “nesting”. That is, holders can stake their NFTs in a non-custodial manner and earn additional benefits. Depending on how long holders lock their NFTs, they will reach different status levels. This was recently explained by Kevin Rose in a video. According to the company, this is the “very beginning” by Proof. It also provides “a decades-long journey to build a new media company”.

“As you reach different levels of nest status, this allows us to offer you different benefits as holders of Moonbirds (…) This will mean encounters and events in real life and there will be airdrops crazy we have planned. »

Statement from Rose

After the monkeys, it’s now the owls’ turn to be all the rage with NFT collectors. With all those animal profile pictures, Twitter risks becoming a veritable menagerie. The success of this collection of night owls is in any case a better omen than the launch of Coinbase NFT lately.

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NFT Moonbirds: the night owl that The Sandbox snaps up for $1 million


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