NFT

Moonbird #88

COMING SOON
Moonbird #88
NFT

Moonbird #88

COMING SOON
Moonbird #88
price per fraction 75 USDC
Full Price 60000 USDC
Fraction price 75 USDC
Total Fractions 800
Brand Score
Rarity
Risk Level
general

Basics

brand
brand
PROOF Collective, Moonbirds
category
category
PFP (profile picture project)
attributes
attributes
tiny crown, long beak, purple feathers
Launched by the PROOF Collective in April 2022, these 10,000 cute (evil?) looking owls called ‘Moonbirds’ quickly became one of the hottest NFT projects of all time.
The main project backer and founder of the PROOF Collective, Kevin Rose, is well connected with friends like Gary V and Alexis Ohanian. This network along with the backing of the PROOF Collective community, enabled Moonbirds to achieve ‘bluechip status’ quicker than any other NFT project.
Moonbirds have a novel feature called ‘nesting’. Owners can lock their NFTs in a ‘Nest’ to accrue rewards. The longer a Moonbird is nested, the greater the rewards. This reduces liquidity and makes the Moonbirds more scarce on the secondary market. All funds from the 5% secondary market transaction fees flow back into the PROOF Collective, to help it keep building and delivering value for the NFT owners.
In addition to long-term holding incentives, 64% of birds are held by unique buyers meaning that ownership is not too concentrated. This is positive and could help provide price stability in the future.
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