For many investors, 2021 will be the year of massive growth in NFTs! This year, more and more crypto enthusiasts discovered the opportunities in the NFT market, which caused its popularity to rise rapidly. This was partly due to the sky-high amounts paid for certain NFTs, such as Beeple’s many NFTs. His works of art sold for hundreds to millions. In addition, many NFT traders made huge profits due to the large price increases at various NFT collections.
In 2022, the NFT trend has dropped considerably, which is partly due to the bear market of the entire crypto market. However, this does not mean that NFTs are a thing of the past. There is still interest in these tokens, which has become apparent after the launch of the Moonbirds NFT collection. It was launched in April 2022 and became a great success! Are you curious about the Moonbirds NFT collection and would you like to know more about it? In this article we take you through the entire project!
View quickly
- View quickly
- What are NFTs?
- The Moonbirds NFT collection
If you prefer to watch a video about the NFT collection, you can check out the video about Moonbirds below!
What are NFTs?
An NFT is short for “non-fungible token”. Freely translated into Dutch: non-replaceable sign. The NFT technique ensures that digital items are given a unique ‘serial number’ in the crypto world. Millions of transactions are carried out every day in the crypto world. Bitcoin, Ethereum and other cryptocurrencies are traded digitally. This is nothing new under the sun.
However, these trades are not that special. One Bitcoin is the other: as a seller or buyer you don’t care “which” Bitcoin you receive, because you still received “one Bitcoin”. Compare it with Euro notes.
Example: You lend money – Anyone who lends a 100 euro banknote, and receives 100 euros for it again a month later in coins, has his original amount “back”. He or she may have received 2X 50 euros, or 100 X €1; that doesn’t matter here. In this case there is no question of a so-called ‘verifiable transaction’. It becomes different when you know that every banknote carries its own unique serial number. There is only 1 100 Euro banknote in the world with the same serial number as the banknote exchanged in this example.
This is exactly what the NFT technique brings to the Blockchain, a global network of computers that monitors and executes all transactions. With NFTs you can provide digital ‘assets’ such as a file, photo or video on the blockchain with a unique identifier, also known as a token.
The Moonbirds NFT collection
Moonbirds are a collection of 10,000 non-fungible tokens issued under the ERC-721 standard on the Ethereum network that went live on April 16, 2022.
According to the official website, Moonbirds represent NFTs “utility-enabled PFPs that possess a richly diverse and unique pool of rarity-driven traits.”
Essentially, the project aims to be another blue-chip PFP initiative, but it’s also added a bunch of other perks for Moonbirds owners. In addition to this usability, each Moonbird is also built to unlock private club membership, while granting further benefits the longer users keep them. The latter is called ‘nesting’.
For example, owning a Moonbird also gives access to an NFT-gated Discord server. Once inside, users can access private Moonbirds channels that provide information about upcoming drops, community events, nesting, and so on.
The collection is minted at a price of 2.5 ETH each and also comes with a 5% royalty on any secondary sales that go to the creators. Owners of Moonbirds also hold full intellectual property rights over them, according to the official website.
At the time of this writing, which is less than a week after the coin, the floor has risen to an astronomical 36 ETH (worth about $108K) pending the nesting functionality to be unlocked.
