The Moonbirds NFTs are a collection of 10,000 non-fungible tokens that took flight on Ethereum’s network on April 16th, 2022, under the ERC-721 standard. Moonbirds NFTs are “utility-enabled PFPs with a profoundly diverse and distinct pool of rarity-powered features,” according to the official website.
In essence, the project seeks to become another blue-chip PFP venture, but it also offers Moonbirds owners a slew of other benefits. Aside from its utility, each Moonbird is designed to grant access to a private club, with more perks accruing as time passes. This is referred to as nesting.
The collection was released at a cost of 2.5 ETH per coin, with the designers receiving a 5% royalty on all secondary sales. According to the official website, Moonbird owners also have full intellectual property rights.
What is Moonbirds NFT nesting?
Moonbirds are built to be locked up and nested without leaving the user’s wallet, in addition to its pixelated design that has stood the test of time within the cryptocurrency community. As soon as the Moonbird is nested, it will begin to accrue additional benefits, and as the total nested time accumulates, users’ NFTs will reach new tier levels, allowing them to upgrade their nest. Nesting is not available at the time of writing. However, the team has assured us that it will be available as soon as feasible.
The Moonbirds NFTs Launch: Controversy and Beyond
Moonbirds, like every other highly anticipated release, was not without controversy. It’s vital to notice how the collection was created before unpacking. To begin, all holders of the PROOF Collective NFT (described above) were guaranteed two bird mints. This brings the total number of Moonbird NFTs to 2,000.
Second, 7,875 Moonbirds were distributed to people who won a raffle, where some controversies arose. According to Zachxbt, a well-known cryptocurrency researcher, several individuals used bots to generate over 400 accounts for the Sybil Attack raffle. Many in the community claimed that there was no reason for this not to happen, despite the fact that it left a sour taste in the mouths of fair users who were unable to mint as a result.
Why Do People Buy Moonbirds?
The Moonbirds have, without a doubt, been the hottest story in the NFT field over the past week. The collection has had a total trading volume of more than 100,000 ETH, or just under $300 million, in the six days after it was released, far surpassing any other collection for the same time period.
The tremendous interest appears to be due to a number of factors. Art is undoubtedly one of them. Moonbirds have distinct characteristics, with some being rarer than others. This resulted in a 265 ETH sale for the following Moonbird NFTs.
Their intriguing design, together with PROOF Collective’s reputation and the immense attention the project received before the mint, resulted in a tremendous amount of excitement surrounding it, which in turn created more catalysts for Moonbirds’ price.
How to Buy Moonbirds NFTs on OpenSea?
Purchasing Moonbirds NFTs on OpenSea is as simple as buying any other NFT on the platform. To do so, go to OpenSea and look for the collection—this is the sole official link. After that, you’ll need to link a Web3 wallet, with MetaMask and Coinbase Wallet being the most common options.
After you’ve connected your wallet, you’ll need to get some ETH or WETH (Wrapped Ether). The Coinbase Wallet has a fiat-to-crypto on-ramp, making it simple to purchase cryptocurrency. MetaMask offers similar features. Then simply navigate to the Moonbird NFT of your choice and click the buy button.