In the four days since its launch, the Moonbirds NFT project has made $290 million in sales and now sits comfortably on the NFT top spot.
The Rise Of The Owls
Moonbirds, an Ethereum-based non-fungible token (NFT) project, was launched four days ago. Since then, the project has generated a whopping $290 million in sales, boosting it to the top of the trade volume charts.
The NFT’s design is a computer-generated pixel-shaped owl. There are 10,000 Moonbirds in total, all of which sold out on Saturday for a mint price of 2.5 ETH.
However, the success of the project has led to a dramatic increase in the floor price or the minimum average sale of the NFT on secondary markets. OpenSea is currently showing a substantial sum of 18.45 ETH for the Moonbirds NFTs on its platform.
Cryptoslam, an NFT industry data aggregator, released data that suggests that the Moonbirds NFT project has generated more than $289.9 million worth of secondary sales, including mint sales. This figure makes the project the top-selling NFT collection over the seven-day and 30-day metrics on the website and the second in the last 24 hours.
The 30-day chart shows a notable gap between Moonbirds and the rest. Moonbirds NFT sales figure is 52% ahead of second-place Azuki (with its $189.3 million worth of volume) and 76% ahead of the Bored Ape Yacht Club (BAYC) and its $164.6 million.
An Exclusive Look Inside The Moonbird Project
The Moonbirds project grants its NFT holders access to a private ecosystem and membership club, following a similar route as the Bored Ape Yacht Club (BAYC).
The project’s roadmap indicates that holder benefits will include priority access to future drops, merchandise, membership club access, and early access to an upcoming metaverse platform known as “Project Highrise.”
The PROOF collective, a private members-only collective of 1000 dedicated NFT collectors and artists, is the brain behind the Moonbirds NFT project. Members of the collective include tech entrepreneur Kevin Rose and web3 investors Justin Mezzell and Ryan Carson.
The collective is currently working on several NFT projects for its members.
The success of the Moonbirds NFT project is said to be a result of the heavy investor backing of the founding members of the PROOF collective.
One such investor is an NFT collector who goes by “Cryptolocity;” they took to Twitter to highlight that they backed the project due to the strong reputation of Kevin Rose and his connections in the web2 and web3 worlds.
The Power Of Collaboration And Community
As mentioned earlier, the success of the Moonbirds Project is largely down to the collaboration between community members of the PROOF collective. The members’ reputation also played a part in convincing people to explore the NFT project.
One thing the success of the Moonbirds project is sure to bring about is the improvement in collaborations, and hopefully, more community members will join the trend.