How a collection of NFTs released in April raised $ 525 million

  • One of the rare NFTs in the collection, the MoonBirds token # 2642 sold for 350 ETH (Ether cryptocurrency) tokens, the equivalent of around $ 1 million.
  • MoonBirds success is unmatched and the collection has become a darling in the NFT market. But despite the relative numbers, the Bitcoin Market research team found some inconsistencies in the project.

New collection of NFTs repeat trading on the non-fungible token market. Here is MoonBird, a series of 10,000 ‘digital owls’ in a variety of variations.

Data from CryptoSlam, the platform that collects the numbers, prices and packaging of this market, shows that the collection has increased by more than US $ 525 million since its release. April 16 – Enough to support the collection to the “blue chip” level of the store NFTs.

In the case of MoonBirds, whoever gets one of the owls can join the conflict group, an app where the private community can communicate through voice and text, or at PROOF Collective, a team of entrepreneurs known for their achievements in online business and excellent. Link, which was brought together by the PROOF podcast, directed by Kevin Rose.

In addition, the Owls Keepers have guaranteed access to the app metaverseby MoonBirds, which is still under construction; including a ticket to personal events associated with WEB3. And that is what led to the completion of the publication, explains Andrey Nousi, CFA and founder of Nousi Financial.

“One of the most important issues behind the development of MoonBirds is that, before the creation of the NFT, they were thinking about building a community”, he said. As Data has brought together some of the biggest names in the NFT market, with investors from well-known brands such as Bored Apes and CryptoPunks, the difference is unique. call NFT permission. “The owl itself is not a problem, the main thing is that the owner of the owl can access this community”, said Nousi.

But that is not cheap. One of the rare NFTs in the collection, the MoonBirds token # 2642 sold for 350 ETH (ether cryptocurrency) data, the equivalent of around $ 1 million.

Although…

MoonBirds success is unmatched and the collection has become a darling in the NFT market. But despite the relative numbers, the Bitcoin Market research team found some inconsistencies in the project that could play out against the coin takers.

The first thing to do with the Working Group itself. Although a select and qualified group, the group has a history of selling the companies it creates. “They have a history of a bit of concern in the political arena, in which they create and sell companies and repeat this cycle,” said Mercado Bitcoin. “We see this model repeating itself with Ryan Carson’s recent departure from the venture to raise his own NFT funds.”

Another important aspect of consideration is the cost of the items being examined. The price of the floor, the name given to the market for the cheapest NFT in the collection, indicates the minimum ETH merchant will need to purchase a token. At MoonBirds, Ground Price is already 25 ETH, a level “very heavy for newly launched products” in view of the Bitcoin Market.

“This is a concern because it means that suppliers and buyers have already paid for future MoonsBirds derivative products. If deliveries equal to expectations do not occur, The mortgage should suffer from it “, said the report.

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