Another NFT collection is breaking popularity records. This time it’s Moonbirds, where one of the tokens sold for nearly $1 million. What is behind this spectacular success?
NFT collection with a strong start
Introduced on April 16, consisting of 10,000 digital owls, the NFT collection is breaking records of popularity on the OpenSea platform. It is a collection of birds, with its characteristics and execution similar to the style in which the famous CryptoPunks collection was created. Each of the owls is quite peculiar and completely different from all the others. Due to their uniqueness, it is easy to observe different personality traits in them.
These owls give their owners access to an exclusive private club, as well as a number of other benefits. Those who purchase Moonbirds gain entry to the Proof server, as well as a potential chance at airdrops, or the green light to attend special events. They also gain a privileged position to participate in the Metaverse Proof, code-named Project Highrise.
The value that has given Moonbirds their popularity is the persona of their creator, True Ventures partner Kevin Rose.
The popularity of the collection is underscored by the numbers. In just 10 days since its launch, the project has generated over 100,000 ETH ($289 million) in sales. This consists of spectacular valuations of individual owls.
350 ETH for one Moonbird
Owl #2642 sold for 350 ETH, which was nearly $1 million at the time of the transaction. The buyer turned out to be The Sandbox, the company responsible for creating a Metaverse space. Other also expensive Moonbirds, designated as #3904 and #5602 reached valuations of $902,450 and $885,117 respectively.
According to experts, the success of such a high value collection, in addition to the figure of Kevin Rose, is strengthened by the design, the reputation of Proof Collective, and the hype that was created around the idea even before NFT became popular.
Data from OpenSea
240 million dollars in sales, within just 4 days of launch show how catchy Moonbirds has become. The volume thus matched the January records. Within days of the collection’s launch, the price of individual avatars gained eight times. These numbers ultimately yielded nearly 40% of the total trading in OpenSea, at any given time. On the very day of the issue, investors acquired owls worth a total of $110 million. Secondary sales in the first week, on the other hand, exceeded the results recorded at the same time for such popular NFTs as Bored Apes.