NFT Moonbirds raise millions amid market decline

The world of NFTs has reasons that reason ignores. Recently, a seemingly innocuous collection has just hit sales records. Moonbirds is a collection of 10 NFTs depicting owls. The day of the first sale (mint) grossed over $60 million.

The transaction volume far exceeded 100 ETH. All this, only 000 days after the day of the official sale. Now, 5 months later, the volume has reached over 3 ETH. This makes it an extremely profitable project for founders who enjoy the royalties (commissions on secondary sales).

It has been a long time since the NFT market has seen such a surge in prices.

Few businesses can boast of raising so much money so quickly. It is a fact. Look around you, you won't find such an opportunity.

It has since become the most profitable collection, in a bear market where crypto-novices have deserted NFT marketplaces.

So, some investors are slowly waking up and wondering why Moonbirds has unleashed so much on portfolios.

We too asked ourselves the question. Here we detail what we – modestly – discovered.

Moonbirds: the digital owl that is worth gold

The original mint price, i.e. the price to buy a Moonbirds NFT during the official sale was 2,5 ETH. This amounted to approximately $7000.

You should know that this remains a relatively high price. Most mint cost between 0,1 and 1 ETH.

Today, you will have to pay a minimum of 17 ETH (or 34 euros) to offer you this digital owl.

For the luckiest people (is it luck?), we can say that it would have been the coup of the year to have invested upstream in the moonbirds NFT. A nice capital gain of around 60 euros could have constituted your jackpot.

Moreover, some moonbird NFTs like number #3904 sold for 305 ETH. Yes, that's about $600 right now. Even if these amounts are not exceptional in the crazy world of NFTs, it must be said that this is enough to appeal to customers.

Judge for yourself the current prices on opensea et rare looks :

moonbirds NFT opensea — The Moonbirds collection on Opensea.

Moreover, some individual investors smelled the opportunity and bought several NFT moonbirds at 3 ETH to resell them later.

So, what could possibly have motivated investors to flock to NFT moonbirds?

Let's see this more closely.

A team of fine collectors is behind the Moonbirds project…

You know, whether it's Bored Ape Yacht Club to Hashmask, there is always a story behind the great successes of NFTs. Of course, sometimes some collections make no sense and gain popularity thanks to influencers.

(Also watch out for bad influencers selling scams like this influencer on TikTok, for example).

However, with bad NFT projects, the hype dies down as quickly as it came.

And, most profitable projects are actually guided by talented people in their fields. This explains why certain collections like that of Disney NFT for example are not wildly successful despite a well-known and recognized brand.

Indeed, when you go to The Moonbirds website, you quickly learn of the existence of a collective behind the creation of this collection. It is the collective "Proof".

As you can see in the screenshot below, there are only 1000 NFTs from the “Proof Collective”. These are access cards (similar to membership cards) of a club of investors specialized in NFTs.

The team behind it and the members claim to be experts in NFTs. The club therefore aims to be an investment club in which we have tools, assistance and advice to better invest in non-fungible tokens.

The “cheapest” card costs 76 ETH, or about $130.

There are connoisseurs of the real estate market, art and even wine, is not it? Today, there are also NFT collectors.

Club members get airdrops, can attend meetings and events in real life. There will also be a “PROOF” metaverse planned.

The record sales of "The Moonbirds" are certainly largely due to the work of the collective.

But let's be skeptical, let's be critical.

moonbirds NFT proof collective — See the Proof Collective website here.

One might also wonder if members may have "pumped" (bought at a high price) the collection? Perhaps the community is tight-knit enough for this type of thing. price manipulation? Maybe the project is simply well thought out, the marketing has been well designed and the community is genuinely interested in the Moonbirds.

Who knows?

What to remember from the Moonbirds collection?

Why is this NFT collection worth so much?

Well, I know this is a question that can be asked for all NFT collections. We can still wonder why depressed monkeys sell for the price of a small studio in Paris, indeed.

When you ask yourself this question, you don't really have any answers. Some people will make you believe that they know what makes an NFT "valuable". I have asked myself this question very often and in depth, and I can tell you that it is much more complex than what we want to believe.

Read the article : I finally understood why some NFTs are worth millions of dollars.

If we relate to the NFT collection, we can ask ourselves why the pixelated owl image can cost so much, especially at the moment?

Indeed, if in full bull run, and in the midst of the NFT euphoria, the prices of certain works were skyrocketing, it's a fact. That said, since the start of 2022 with the crisis in Ukraine, geopolitical disruptions, the rise in the inflation rate (among other things), the markets have been at half mast. The year 2022 is a real hangover for investors…

Therefore, the takeaway is that NFTs have become a real financial asset over time. Just as investing in art requires knowledge, it seems that today, this is also the case with digital works.

You have to train and sharpen your knowledge to be able to earn money with NFTs.

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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.

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