Moonbirds NFT Sells for 350 ETH Barely a Week After Launch

Moonbirds Non-Fungible Token (NFT) collection is trailing the blaze in just about a week of launch. Coming off from a minting price of 2.5 ETH, Moonbird #2642, one of the rarest of the collection has sold for 350 ETH approximately $1 million at the time when the transactions occurred over the weekend.

The buyer of the Moonbirds NFT is The Sandbox, a prominent metaverse and NFT gaming startup that is owned by Animoca Brands. The most expensive Moonbirds NFT was acquired for about 100 ETH last week by “oscuranft,” and per the amount paid for the digital pixelated artwork, he has carted away with about 250 ETH in profits.

Transactions in blue-chip NFTs are ever going to be a wonder, and while many critics explore ways to criticize the new economy built around digital arts, NFT collectors are generally exploring avenues to cement their lead in acquiring the most prestigious of these digital tokens. 

The Moonbirds NFT is a collection of 10,000 utility-enabled PFPs that feature a richly diverse and unique pool of rarity-powered traits. Floated by Kevin Rose, a venture capital mogul through his media startup called Proof. Rose’s popularity contributed in part to the success of the Moonbirds NFT collection as investors examined the success of his previous Proof Collective collection.

Creating Utilities Around the Moonbirds NFT

While the early days of the Moonbirds NFT collection can be said to be very bullish, the Rose and the Proof team has a lot more planned for the holders of the NFT pieces.

According to Rose, a non-custodial staking feature will be introduced in the near future which will grant holders additional benefits. Depending on how long the NFT holders stake their tokens, they will achieve different statuses on the platform.

“As you achieve different nest status levels, that allows us to deliver different benefits to you as Moonbirds holders,” Rose said. “That will mean in-real-life meetups and events and there’s gonna be some crazy airdrops that we have planned.”

Moonbirds NFT is trailing the path of Yuga Labs’ Bored Ape Yacht Club (BAYC) which has continued to brew new reward schemes for its holders with exclusive perks, the latest of which is 10,000 ApeCoin airdrops sent to all holders back in March.