Within only a few hours, the majority of the 10,000 strong NFT collection Moonbirds, a collection of pixel art owls minted on Ethereum, which have gone live this afternoon was minting out.
The 10,000 NFTs were distributed as follows. The owners made 2,000 of them available to PROOF Collective NFT holders via a free mint. Moonbirds team distributed 125. And those who won an allowlist spot through a public raffle minted the remaining 7,875 for 2.5 ETH each.
$66 million is the amount that the Moonbirds team raised from the allowlist mint at the current market price of Ethereum.
Similar to many other so-called “PFP” projects that gained popularity in 2021, in the Moonbirds collection each owl has different traits that denote its scarcity. Also, this art is using as a profile picture on social media apps like Twitter.
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However, the reason for selling Moonbirds at such a high mint price is that the team promises something more than many other NFT projects.
It may seem like normal cute owl characters that haven’t anything special. But Moonbirds actually serve as “utility NFTs” for PROOF, which is one of the recent winners in the NFT space.
PROOF is a private members club for just 1,000 NFT collectors and artists. It had a hugely successful launch when it unveiled PROOF Collective.
“It was thrilled to see the community coming together” the Moonbirds team tweeted. Although the team has not yet released any further information about the project’s roadmap, with $66 million banked, the team surely has no difficulty finding cash for its upcoming plans.