SNEAK PEEK
- Ever since openrarity joined OpenSea, there have been zero above-floor price sales for Moonbirds.
- The Moonbirds collection, which has already achieved great popularity, is in the same league as Azuki, Bored Ape Yacht Club, and CryptoPunks.
- The industry phrase for a debut is a fixed-price drop, and the Moonbird NFT collection, which debuted on Saturday, rapidly sold out.
The Proof Collective, a group of 1,000 NFT collectors, were part of the reason for the 10,000 bird collection’s high level of interest. Well-known NFT individuals including financier Gary Vaynerchuk and artist Mike Winkelmann, aka Beeple, are members. Kevin Rose and Justin Mezzell, the cofounders of Proof Collective, are both well-known figures in the NFT community. Rose is an investor at True Ventures who specialises on blockchain businesses and broadcasts well-known podcasts about cryptocurrencies.
It cost money to join Proof Collective. According to NFT marketplace OpenSea, the average cost of a Proof NFT, which symbolises membership in the organisation, was 1.99 Ether, or around $7,900 at the time, in early December 2021. The starting price is now 98 Ether, which is equal to $285,670. However, according to its website, Proof gives members access to events, a secret Discord group chat, and collaborations. Moonbirds is one of such partnerships.
Since @openrarity hit @opensea on September 21st there’s been almost no above-floor @moonbirds sales. Turns out, putting a big, wrong, “Rank” number on NFTs on the largest marketplace materially impacts value. A 🧵(1/8) pic.twitter.com/XlNPMDstcd
— Spencer (@sgsand1) October 17, 2022
Anyone in the public had the opportunity to participate in a raffle to secure a spot in the initial production of Moonbird NFTs. According to the Moonbirds website, each raffle winner was permitted one mint for 2.5 Ether, or around $7,500. In addition to being eligible to participate in the raffle, Proof members received two Moonbirds for each Proof membership NFT they had.
The Moonbirds drop was marred by controversy, with claims from some that bots had rigged the raffle to their advantage and worries that the project’s founders had used inside information to purchase Moonbirds with uncommon qualities, raising the possibility of their price increasing in the future. This implies that NFT owners will eventually receive enhancements like “improved drops and prizes.” The Moonbirds success is seen by the creators of Proof as the start of a business.
