Moonbirds went live on April 16, with the majority of the 10,000 NFT collection minting out within the first few hours. The remaining 7,875 were minted for 2.5 ETH each by those who won an allowlist spot through a public raffle. 2,000 were made available to PROOF Collective NFT holders via a free mint, 125 were distributed by the Moonbirds team, and the remaining 2,000 were made available to PROOF Collective NFT holders via a free mint. At the current market price of Ethereum, the Moonbirds team raised nearly $66 million from the allowlist mint.
Moonbirds is a collection of Ethereum-minted pixel art owls. Each owl has distinctive features that show its scarcity, and the artwork is suitable for use as a profile picture on social networking platforms such as Twitter. Moonbirds are similar to many other so-called “PFP” projects that gained popularity in 2021.
Moonbirds, on the other hand, promises more than many other NFT projects, which explains why it sold out at such a high mint price. Although Moonbirds seem to be cute owl characters on the surface, they are really “utility NFTs” for PROOF, one of the latest NFT winners. With great success, PROOF launched PROOF Collective, a private members club for just 1,000 NFT collectors and artists.
PROOF Collective’s initial release, Grails, featured ultra-rare works by Larva Labs and Tyler Hobbs, and the current floor price for one of its entry passes on the secondary market is much more than $250,000 in Ethereum. Moonbirds have been recognised as the official PROOF avatar, and while details are limited at the moment, they are intended to provide users with comparable advantages to PROOF Collective passes. This may mean getting first dibs on unique mints, airdrops, or other prizes.
