The NFT Moonbirds Collection Breaks Records

Moonbird #2642one of the rarest coins in Moonbirds’ NFT collection, selling for a record 350 ETH (over $1 million) on the marketplace NFT OpenSea Saturday.

A reminder about the Moonbirds

Moonbirds is a collection of 10,000 NFTs issued under the ERC-721 standard on the Ethereum network that launched on April 16, 2022.

According to the official website, Moonbirds represent NFTs: “utility PFPs exhibiting a richly diverse and unique pool of rarity-driven properties.”

Essentially, the project aims to become another top-notch PBB initiative, but it has also delivered many other benefits for Moonbird owners. Aside from this ease of use, each Moonbird is also designed to unlock private club memberships and unlock other benefits while users keep them. This last point is called nesting.

There was great interest in the 10,000 bird collection, partly due to the people behind it: the Proof Collective, a group of 1,000 NFT collectors. Members include well-known personalities from the NFT world, including artist Mike Winkelmann, known as Beeple, and investor Gary Vaynerchuk.

Proof Collective co-founders Kevin Rose and Justin Mezzell also have a strong presence in the NFT world. For example, Rose is a venture capitalist at True Ventures who focuses on blockchain startups and hosts popular crypto-focused podcasts.

Moonbirds Records

the Moonbird #2642 sold for 350 ETH ($1 million) on OpenSea over the weekend. This record was set less than a week after the collection was launched. Learn all about OpenSea here.

The buyer of the coin was The Sandbox, a blockchain-based gaming company that is a subsidiary of Hong Kong-based Animoca Brands. The seller, known as “oscuranft” on OpenSea, made a profit of about $600,000 after buying the NFT a week ago for 100 ETH.

As Moonbirds price continues to rise in the secondary market, with nearly 113,200 ETH or $286 million in volume traded on the NFT auction site OpenSea, some see it as a “turning point” for the market. of financing startups. the bottom price the current one is about 32.5 ETH and the number of holders stands at 6400.

Moonbirds is one of the first big hit projects (so far) that isn’t ashamed of what it is. Kevin [Rose] and ryan [Carson] have been very clear that they are raising money, not selling art, treating the money as money to build a product, etc...,” Daniel Tenner, founder of startup financing service Grant Tree, wrote on Twitter.

The controversies surrounding Moonbirds

As is the case with all high-profile launches, the Moonbirds also caused some controversy. To learn more, it is important to note how the collection was coin

First, each holder of the collective PROOF NFT (mentioned above) received NFTs from two birds. This gives a total of 2,000 Moonbird NFTs.

Second, 7,875 Moonbirds were awarded to lottery winners, and this is where some of the controversy takes place. Renowned cryptocurrency researcher Zachxbt revealed that some users were taking advantage ofcrash and created over 400 accounts to contest Sybil’s lottery. Many in the community argued that there was no reason why this couldn’t happen, although it certainly left a bitter taste in bona fide users who couldn’t gain from it.

Finally, it is interesting to note that new NFT collections can quickly arouse public interest. We often thought NFTs were dead, but Moonbirds proves otherwise.

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Alexis Patin

Observer of the social, economic and financial revolution powered by cryptocurrencies, defi and metaverses.

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