In previous blog articles, we’ve covered the basics around cryptocurrency, a broad view of NFTs, and how to generate your own NFT collection.
👀 In this article, we’ll take a closer look at the Moonbirds NFT collection, and provide information on what it is and how it works within its PROOF ecosystem. Here is our brief guide to gain further understanding.
❓ WHAT IS MOONBIRDS?
👉The Moonbirds NFT collection is a collection of 10,000 owl-themed utility-enabled profile picture (PFP) avatars on the Ethereum blockchain that feature a richly diverse and unique pool of rarity-powered traits.
❓ HOW DOES MOONBIRDS WORK?
Within the Moonbirds NFT collection of 10,000 avatars, there are a total of 9 trait categories and 126 randomized traits that determine the appearance of each Moonbird. These variations include beak, body, feathers, eyes, eyewear, headwear, outerwear and background. As with other collections, NFTs with rarer traits are deemed more valuable.
📜 MOONBIRDS HISTORY & THE TEAM BEHIND THE COLLECTION 👥
Moonbirds was spawned from the PROOF Collective – a private community of 1,000 NFT collectors and artists co-founded by serial internet entrepreneur, Kevin Rose. Rose also co-founded a portfolio of tech companies including Revision3, Digg, Pownce and Milk.
PROOF launched in December 2021 as a spin-off of the PROOF podcast covering the NFT industry and hosted by Rose. It is a web3 media company backed by Rose’s venture capital (VC) firm, True Ventures.
🎫To gain access, 1,000 members hold a unique PROOF Collective NFT Pass, released in late 2021. This token is a key to the exclusive community, including access to PROOF’s private Discord, live in-person events, NFT collaborations, the podcast, free NFT drops🪂, and more perks. This forms the basis for PROOF Collective’s ecosystem.
🦉Following its initial success and interest among VC firms, PROOF launched its Moonbirds collection. It was minted on April 15, 2022 at an unusually high initial mint price of 2.5 ETH (which was approximately USD$7,602 at that time). The amount of anticipation and level of interest surrounding the project determined the sale price for demand and added a level of prestige. PROOF NFT holders each received 2 Moonbirds each. The remaining 7,875 Moonbirds sold out in 2 days.
Other PROOF members who contributed to Moonbirds’ creation include Justin Mezzell, the co-founder and CPO of the PROOF platform, and also the artist🎨 behind the Moonbirds’ distinctive pixel-art style.
At the time of writing, Moonbirds has achieved USD$642.1 million in sales volume.
⚙️ MOONBIRDS’ PROOF ECOSYSTEM & NFT UTILITY
Each Moonbird grants holders access to the PROOF Collective including
- PROOF’s exclusive Discord community and associated events.
- Exclusive first access to PROOF’s upcoming metaverse project, Project Highrise.
- Additional rewards that increase in scale the longer holders keep their Moonbirds NFT. PROOF calls this process “nesting” – the project's own unique spin on NFT staking by allowing users to earn rewards and reach higher nest tiers for locking up their Moonbird NFT for a certain period of time. The longer holders nest their Moonbird, the more they earn. Nest tiers range from “Straw nest” (0 days) through to “Diamond nest” (180 days).
One example of the benefits of nesting was the Moonbirds Oddities drop – a 10,000 NFT spin-off collection for nested Moonbird holders which was airdropped and “hatched” in mid-July 2022.
Moonbirds and Mythic NFT (see below) holders will also have access to the Moonbirds DAO, or “Lunar Society”,where they can vote on governance and proposals to elevate and promote their NFT brands within the web3 community and beyond.. Each Moonbird has 3 votes per NFT and each Mythic has 1 vote per NFT.
🔮 MOONBIRDS: LOOKING AHEAD
Not too much is known about the expected 2023 release of Moonbirds Mythics. This will be a 20,000 PFP spin-off collection, initially rewarded to Oddities holders who burn their NFT and potentially nested Moonbirds holders too. From the day of the collection’s launch, only 25 Mythics will be released each day, offering the incentive to nest a Moonbird for up to 2 years.
👉 EARNING NFTs WITH BLOOM
📲.The Bloom shopper rewards app allows you to earn NFTs and other crypto (like Bitcoin, Ethereum and a range of other altcoins) with every purchase made on your Visa card💳.
🦉 All you need to do is download the Bloom app, register an account, link your Visa card and shop anywhere using your credit or debit card.
💰 With every purchase, you will earn Bloom Coins by simply using your Visa card💳. The more you use your card, the more Bloom Coins you will earn.
🎁 Bloom Coins earned can be redeemed for rewards within the app, such as NFTs.
🆓 Converting crypto on Bloom is free of charge and has no gas fees!
💎 Earn exclusive 3x Bloom Coin rewards with a Premium Membership.
The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Bloom does not recommend that any cryptocurrency or NFTs should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.