What are Moonbirds NFT

Moonbirds is a collection of 10,000 non-replaceable tokens issued under the ERC-721 standard on the Ethereum network and launched on April 16, 2022. According to the official website, Moonbirds NFTs represent “utility-enabled PFPs that have a rich and unique collection of rarity features”.

What are Moonbird NFTs?

Moonbirds is a collection of 10,000 16 NFTs released on April 3, 2022. It was created by prominent American internet entrepreneur Kevin Rose as part of his new Proof Collective, a private collective of NFT collectors and artists. Before joining Moonbirds and becoming a top name on WebXNUMX/NFT, Rose had already solidified herself as an internet celebrity, investor, podcaster, and founder of news aggregator Digg, among other endeavors.

Although the collection has a total of 10,000 NFTs, the entire offering is divided into three major blocks. First, 1,000 NFTs are reserved for Proof Collective members to stake before the general sale. Since there are a total of 10,000 member passes that are part of the Proof Collective ecosystem, each token earned its owner two free NFTs. It was a great deal if you were one of the few collective members with more than one Proof NFT membership card.

An offering of 7,875 2.5 NFTs was whitelisted to the general public. This list consisted of the lucky winners of a draw organized by Proof where potential collectors were required to have 125 ETH (the price of one Moonbirds NFT) in their registered wallet at the time of registration. In addition to reservations and the raffle, the latest NFT Moonbirds have been held by Proof Collective administrators for use in future collaborations, marketing, and more.

Mechanism of “nesting” of moonbirds

Birds in the wild often nest their young by breeding them so that they can grow and develop. Similarly, Moonbird’s “nesting” mechanism is a form of staking where Moonbird is locked in a wallet, where NFT accumulates benefits. Staking is popular in the cryptocurrency community as a way for token holders to lock down their assets for a period of time to earn rewards.

While most NFT wagering rewards come in the form of platform-specific utility tokens, Moonbirds wagering reward is more status-based. Total nesting time increases benefits for holders of NFT Moonbirds, including access to higher levels in the Proof Collective and improved nests that attract enhanced drops and rewards. Nesting protects Moonbird from security breaches and phishing attacks because the pup never leaves your wallet.

Class proof

The Proof Collective is a private club made up of 1,000 passionate NFT collectors and artists. The Proof community includes early NFT collectors and major players in the NFT industry. Launched in December XNUMX, PROOF has quickly become a force to be reckoned with in the NFT industry. Owning a PROOF Collective NFT gives access to this exclusive club.

As with other top NFT clubs, being a member of the Proof Collective is the golden key to the NFT space. This gives you access to Proof’s invite-only Discord, where members get first-hand information about all things NFT. Proof Collective members can attend in-person events, get exclusive spots for upcoming NFT projects, listen to the Proof podcast, participate in free NFT outings, and enjoy many other benefits.

Proof Collective NFTs are available on OpenSea, some reaching over 200 ETH. At the time of writing, Proof Collective’s official website estimates its stock of NFTs at 153,940,817 unique NFTs. These include 148 Bored Apes, 499 CryptoPunks and 1,000 NFTs from The Meebits. At this time, the NFT Exclusive Club has yet to announce plans to increase its membership to 10,000, despite the explosive demand from NFT holders for a spot in the Exclusive Collectors Club.

NFT Moonbirds: Controversies

As with any sensational release, Moonbirds also caused some controversy. When unpacking it is important to note how the collection is minted. First, each NFT Collective Proof holder (listed above) received guaranteed mints from two birds. That makes a total of 2,000 Moonbird NFTs.

Second, 7,875,400 Moonbirds were given away to those who won a sweepstakes, and this is where some of the controversies come in. Renowned cryptocurrency researcher Zachxbt revealed that some users took advantage of bots and created more than 125 accounts for Sybil Attack in the draw. Many in the community have argued that there’s no reason this shouldn’t happen, although it certainly left a sour taste in righteous users who couldn’t strike it. Anyway, the last 30 pigeons were reserved for distribution by the team.

What does Moonbirds offer collectors?

The Moonbirds collection offers a wide range of incentives for its collectors. Perhaps one of the most unique and notable “utilities” available to Moonbirds collectors is the ability to stake an NFT, or “Nest,” as the project’s developers call it. Nesting a Moonbirds NFT involves locking the NFT (making it non-negotiable) without having to transfer it to a vault for safety.

But why would you want to lock up your Moonbird? Because it will start a process where your Moonbird NFT will collect additional benefits, reach new levels and even improve your nest to become more profitable which in turn will bring even more enhanced rewards and drops. In addition to the benefits of Nesting, Moonbird owners also have priority for future projects in Proof NFT, the upcoming Proof Metaverse. And all this comes after the fact that Moonbird’s NFT holders actually own all commercial rights to the NFT intellectual property (intellectual property) they own.

This means Moonbird owners can use the artwork associated with the NFTs they own and create an entire brand around it; reproduce and profit financially from its use in its sole discretion. Since intellectual property ownership has been a major point of contention in the NFT space in the past, the Moonbirds team appears to be well positioned for future copyright lawsuits that could deter collectors from being part of the Moonbirds community.

Where to buy NFT Moonbirds?

Moonbirds can be traded on major NFT markets such as OpenSea and Rare. The price is usually quoted in ETH and you need a MetaMask wallet to facilitate trading. From the prices quoted on these NFT markets, it is clear that owning one of these pixelated owls is not cheap. If you can get a Moonbird, it may eventually pay off, as in the hugely successful Bored Apes and CryptoPunks. With so many Moonbird nests and a well-funded project development team, it seems like the journey has just begun for these coveted digital owls.

Conclusion

Amid the hype surrounding NFTs, especially Profile Picture Collections (PFPs), you’ll find a gem like Moonbirds, with otherworldly artworks and major sponsors in their path. After an April 2022 release that brought in millions of dollars in sales volume, it was clear the Moonbirds weren’t here to play. With attributes similar to the legendary NFT collections Bored Ape Yacht Club and CryptoPunks, Moonbirds has caused a storm in NFT space.

* PortalCripto appreciates the quality of the information and attests to the verification of all content produced by its team, but emphasizes, however, that it does not make any investment recommendation and is not responsible for losses, damages (direct, indirect and accessories), costs and loss of profit.

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