Moonbirds NFT is already created ripples within hours of the first ever Proof collective PFP drop. Now, the floor price for these pixelated owls, or “birbs” is holding strong. In fact, some consider Moonbirds as a legitimate blue-chip NFT project. For the uninitiated, the Proof Collective is a private, members-only collective of 1,000 NFT collectors and artists run by Kevin Rose and launched with Ryan Carson. As Moonbirds NFTs also provide access to the Proof ecosystem, the collection’s tremendous success comes as no surprise.
What is Moonbirds NFT?
Put simply, Moonbirds is a collection of 10,000 pixel art owls on the Ethereum blockchain. Each of these feathered avatars is unique and comes with a range of traits with varying rarity. More importantly, each NFT gives you access to private club membership and other benefits the longer you hold the NFTs.
According to the Moonbirds website, the project is “built with utility & community at the foundation”.
Who created Moonbirds?
Moonbirds is the creative work of Proof Collective. Currently, the project is run by Kevin Rose. However, originally it launched in partnership with Ryan Carson. Shortly after the Moonbirds launch, Ryan Carson announced his resignation from the team. Fortunately for holders it didn’t see to harm the collection at all.
What do Moonbirds holders get in terms of utility?
Firstly, Moonbird holders get access to the Proof Discord. This means a chance to interact with Proof founders and the Collective’s other members. As Proof’s members include some of the biggest names in the NFT space, this is a great opportunity for people to network and learn more.
Next, Moonbird holders also get access to Moonbird-related drops, Parliament meetups, and real-life events. Of course, the access wont stop there. They also promise access to future Proof projects, including its upcoming metaverse, Project Highrise. Of course, there is also the next most exciting thing: Nesting.
What is Moonbirds Nesting?
In short, nesting is another name for staking in the Moonbirds ecosystem. Basically, you can “lock up and nest” your bird within your wallet for additional benefits. While nesting is almost identical to staking, nesting allows your bird to remain in your own wallet. Nonetheless, you will not be able to sell your NFT during nesting.
The longer you nest your NFT, it will move to new tier levels to get you more benefits. The benefits include merch, stickers, and more to be announced.
“We’re designing @moonbirds_xyz differently,” Kevin tweeted. “We want to provide the lion’s share of rewards weighted towards the long-term holders. We see a future where utility and benefits unlock with your diamond hands (wings).”
When did Moonbirds launch?
The collection dropped at 12:00 pm ET on April 16. Although not everyone was happy with its 2.5 ETH mint price, the NFTs sold out in no time, raking in $66 million worth of ETH. Currently, its total sales volume on OpenSea has crossed $194 million. What’s more, Moonbirds managed to flip top NFT projects like Doodles and Clone X. Impressively, they achieved these big flips in their first 2 days.
Why is the NFT collection so successful?
To understand why the Moonbirds NFTs have reached such immense success in no time, you need to first delve into what Proof Collective truly stands for. First of all, Proof boasts a stellar team with a wealth of experience. Not to mention a fully self-doxxed team, which is always a positive sign when it comes to NFT projects.
Kevin Rose, Ryan Carson, and Justin Mezzell make up Poof’s founding team. Firstly, all three are well-known in the Web2 and Web3 space. Kevin, for instance, is a technology venture capitalist and partner at the venture capital firm, True Ventures. He is also the host of the PROOF and Modern Finance podcasts.
The former is an NFT podcast that discusses all things NFTs, along with hosting interviews with NFT artists and other icons in the space. Besides, Kevin is also a serial entrepreneur. He founded DIGG, a social news site popular in the early 2000s. He is also the founder of the intermittent fasting app, ZERO and the meditation app, OAK.
Similarly, Ryan is a well-known entrepreneur and investor. He is the founder of three companies and one non-profit community. On the other hand, Justin is an illustrator and designer. His clientele has included Google, Twitter, Facebook, and PayPal, to name a few.
Needless to say, it is this strong team that makes Proof, and in turn, Moonbirds, such a huge success. After all, it’s relatively safer to bet on previously established teams in the NFT space.
What is Proof Collective?
Proof Collective was Kevin’s most significant foray into the NFT space. As Twitter user, Cryptolocity explained: “Many of the top founders, artists and collectors in the space believe deeply in Kevin’s vision, and bought passes with 0 intention of selling them”. Together, the members hold close to 154,000 NFTs, including several blue chips like CryptoPunks, Bored Apes, Meebits, and Art blocks.
Proof Membership NFTs
To become members of the collective, individuals must hold the Proof Collective NFT. These NFTs grant access to Proof’s private Discord, early access to the PROOF podcast, in-person events, and more. For these reasons, these NFTs are highly sought-after and currently have a 99 ETH floor.
Proof Grails NFT
Besides, The Proof Collective has also launched an NFT collection called Grails. Created in collaboration with 20 artists, the collection features 20 unique pieces of art. These were free-to-mint and only available to the Proof Collective pass holders. The artists included some of the most popular figures in the space like Hackatao, Mike Shinoda, Larva Labs, and Gary Vaynerchuk, among others.
Moonbirds is Proof’s second original NFT project and first 10K PFP collection. With Proof’s rich history, Moonbirds were highly coveted even before they dropped.
Moonbirds: IP Rights Vs CC0
In August 2022, Kevin Rose announced that all Moonbirds would move to a Creative Commons Zero License (cc0). To explain, at launch the collection claimed to give out commercial intellectual property rights. For most, the change doesn’t matter so much. However those who had deals to license out their IP rights may not agree.
Previously, each image and likeness was under the holders control. Now, you can use any Moonbirds image for any reason- whether you are a holder or not! If you’re still lost, check out our guide on cc0 NFTs to learn more.
While Kevin Rose’s move was completely legal: Should founders change the terms and service of NFTs post-mint?
In conclusion, Moonbirds are a big driving force in the NFT scene. If you don’t know them, or proof collective, we suggest you go and check them out.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
