The NFT Moonbirds collection breaks records

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

A reminder of the Moonbirds

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

According to the official website, Moonbird represents NFTs “Utility PFPs that exhibit a richly diverse and unique pool of rarity-driven features.”

Basically, the project aims to become yet another top PFP initiative, but it has also added many other benefits to Moonbird owners. In addition to this ease of use, each Moonbird is also designed to unlock private club memberships while unlocking other benefits when users have them. This last point is called nesting.

The interest in the collection of 10,000 birds was great, among other things because of the people behind: Proof Collective, a group of 1,000 NFT collectors. Members include celebrities from the NFT world, including artist Mike Winkelmann, known as Beeple, and investor Gary Vaynerchuk.

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

Moonbird’s records

that Moonbird # 2642 sold for 350 ETH ($ 1 million) at OpenSea this weekend. This record was set less than a week after the launch of the collection. 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 NFT a week ago for 100 ETH.

As the price of Moonbirds 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. The NFT market as a means of financing startups. that bottom price power is about 32.5 ETH and the number of holders is 6400.

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

The controversy surrounding Moonbirds

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

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 winners of the draw, and this is where some of the controversy takes place. The well-known cryptocurrency researcher Zachxbt revealed that some users took advantage ofbots and set up over 400 accounts to contest the draw for Sybil. Many in the community argued that there was no reason why this could not happen, although it certainly left a bitter taste for bona fide users who were unable to win because of it. .

In conclusion, it is interesting to see that new NFT collections can quickly create interest among the public. We often thought NFTs were dead, but Moonbirds prove otherwise.

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Alexis Patin

Passionate about geopolitics, economics, cryptocurrency, Eurasia and travel! (as far east as possible), crypto-trading for 4 years.

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