NFT Moonbirds: Night Owl, which 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 status as blue Chip in terms of bottom price. Moonbirds was launched on April 16, 2022 by Proof, a media startup founded by renowned venture capitalist Kevin Rose. Moonbird # 2642, one of the rarest members of this collection, sold Saturday for record high 350 ETH (over $ 1 million) in the marketplace NFT OpenSea.

Owl, owls in NFT … Make room for Moonbirds!

Kevin Rose is currently a partner at technology-focused venture capital firm True Ventures. He was previously affiliated with Google Ventures and has over 1.5 million Twitter followers. Rose is hosting an NFT-focused podcast with startup credentials. Moonbirds is his second major 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 benefits from certain exclusive benefits.

These perks include access to Proof’s private Discord, early access to the Proof podcast, and physical events. Moonbird’s are “Proofs official profile pictures” according to Moonbird’s website. 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 collection of NFT Moonbirds is furious at Opensea.

The current base price for Moonbirds is 33.3 ETH according to OpenSea. Proof launched the coin of these NFTs to 2.5 ETH each. This means that the proprietors 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) in The Sandbox. For the record, The Sandbox is a blockchain-based gaming company that is a subsidiary of Animoca Brands. The seller, “oscuranft” on OpenSea, realized a profit of about $ 600,000. In fact, he had bought NFT a week before for 100 ETH.

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But why such a success for this NFT collection?

Several factors motivated Moonbird’s rapid success. First of all, the support from Kevin Rose, who is not the smallest. Next, the success of the former NFT Proof Collective project. Finally, collectors are currently choosing NFT projects with a good track record, like this one.

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

NFT Moonbirds represent owls.

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

“When you reach different levels of nest status, this allows us to offer you various benefits as holders of Moonbirds (…) This will mean meetings and events in real life, and there will be insane drops of air we have planned. »

Opinion of Rose

After the monkeys, it is now the owls’ turn to be in rage at NFT collectors. With all the animal profile pictures Twitter risks becoming a true menagerie. The success of this collection of night owls is in any case a better warning than the recent launch of Coinbase NFT.

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