Moonbirds has Actually Made it to the Moon
The PROOF Collectives pfp project has been mooning since it launched on Saturday.
Moonbirds have been the hottest topic in NFTs since they minted over the weekend for 2.5 ETH. They are the official pfp of the PROOF Collective. The PROOF Collective is a private group of 1,000 NFT collecters and you must own a PROOF pass NFT to be in the group. To be a member of this group right now you will need to spend 86 ETH to get a pass off the floor. Moonbirds has done over $280 million in sales since launching on Saturday.
Not only was this a massive day for Moonbirds, but it also shocked some life into OpenSea trading volume. This was the largest day of trading volume in over two months with $177 million worth of ETH from Saturdays’ launch. Also, impressively, they have jumped passed every single major name project by a minimum of 8x in 7-day volume. The next highest is the Mutant Ape Yacht Club with $34.6 million. Moonbirds has done $280 million after the first 2 days. This project had some hype behind it, but no one could have seen this coming as quickly as possible.
The PROOF collective was created by serial entrepreneur, Kevin Rose, who had previously been known for Digg and Revision3. The holders of a Moonbirds NFT will gain access to different channels in the PROOF Collective’s Alpha Discord server. They will also be able to “nest” their birds to earn staking rewards. This has had NFT Twitter in a frenzy because of the rapid increase in floor price which stands at 18.75 ETH currently. These are some insane numbers for a project that has only been out for less than a week.
This left many people upset and questioning “why” and “how” this project was actually on its way to the moon. The funds they made from both the primary and secondary sales will go to the PROOF treasury. This will be used to fund the PROOF as well as other projects they may come out with in the future. The Moonbirds were a great way for them to raise money to keep building their company up. This would not be considered a cash grab if they do actually put the money towards the companies and the communities’ future. The only downside that we are seeing, yet again, from NFTs is that the rich get richer again. This also shows how NFTs can be a better way of crowdfunding for companies rather than giving out shares.
