By
Chimamanda U. Martha
April 17th, 2024
Moonbirds NFTs holders have the access to Proof Collective, a private members-only collective of 1,000 dedicated NFT collectors and artists.
Moonbirds NFT collection has made headlines in the past few days following the weekend’s debut. According to NFT data provided by CryptoSlam.io, Moonbirds NFTs have reported sales of $292,306,801 since Saturday’s launch. Thereby earning the fourteenth position on CryptoSlam by sales.
Otherwise, there are NFT leaders including Axie Infinity, CryptoPunks, and Bored Ape Yacht Club with $4.1 Billion, $2.1 billion, and $1.78 billion in sales respectively. Indeed the NFT market has gained notable traction in the past few years.
Nevertheless, the NFT Collection has successfully been ranked above hundreds of other NFT projects. Additionally, some of these projects have been in existence for an extended period.
The determinant factors are the utility aspect and the investor backing. NFT projects with wealthy investors are likely to survive the adoption and growth phase. Furthermore, most of them are tied with real-world utilities.
For instance, the Moonbirds NFTs are the official PROOF PFP. Moonbirds NFTs holders have the access to Proof Collective, a private members-only collective of 1,000 dedicated NFT collectors and artists.
“To join, one must hold the PROOF Collective NFT. Membership includes access to our private Discord, early access to the PROOF podcast, in-person events, and other collaborations created exclusively for PROOF Collective members,” the Proof team noted through its official website.
Notably, it takes approximately 2.5 Eth to mint any of Moonbirds’ NFTs. Whereby, the public mint is sold out.
Further Notes on Moonbirds NFT Collection and the Market Outlook
The NFT holders have other benefits that include rewards for long-term holders. Besides, most NFTs have been viewed as mere avatars without any utility or intrinsic value.
“They’re a collection of 10,000 utility-enabled PFPs that feature a richly diverse and unique pool of rarity-powered traits. What’s more, each Moonbird unlocks private club membership and additional benefits the longer you hold them. We call it nesting – because, obviously,” Moonbirds notes.
Notably, the Moonbirds project is developed by PROOF; the team behind the PROOF Collective and Grails. In order to maintain the original trajectory, the NFT project intends to venture into the Metaverse market.
Worth noting, the official Moonbirds’ Metaverse project is dubbed Project Highrise.
“The PROOF-built metaverse will be a dramatic departure from the existing ‘never-ending’ worlds that feel like a digital ghost town. Ours is uniquely different, and you’ll have first access as a nested Moonbirds holder. The Moonbirds mint is the beginning,” the project further explains.
The NFT coin market has a total market cap of approximately $34.52 billion according to crypto.com. Additionally, the 24hour trading volume stands at around $4 billion.