Moonbirds – All About This NFT Collection!

For many investors, 2021 will be the year of massive growth in NFTs! This year, more and more crypto-enthusiasts discovered the possibilities of the NFT market, causing 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 artworks were sold for tens to millions. In addition, many NFT traders made large profits due to the large price increases in various NFT collections.

In 2022, the NFT trend has dropped considerably, which is partly due to the bear market in 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 became evident, among other things, after the launch of the Moonbirds NFT collection. It was launched in April 2022 and was a huge success! Are you curious about the Moonbirds NFT collection and would you like to know more about it? In this article, we go through the entire project with you!

Take a quick look

If you prefer to watch a video about the NFT collection, you can watch the video about Moonbirds below!

What are NFTs?

An NFT is short for “non-fungible token”. Freely translated into Dutch: non-interchangeable character. The NFT technique ensures that digital objects are given a unique ‘serial number’ in the crypto world. Millions of transactions are done every day in the crypto world. Bitcoin, Ethereum and other cryptocurrencies are traded digitally. This is nothing new under the sun.

However, these transactions are not that special. One Bitcoin is the other: It doesn’t matter to you as a seller or buyer “which” Bitcoin you receive, because you still received “one Bitcoin”. Compare it to euro notes.

Example: You borrow money – Whoever borrows a 100 euro banknote and receives 100 euro for it a month later in coins gets his original amount “back”. He or she may have received 2X 50 euros or 100 X 1 €; it doesn’t matter here. In this case, it is not a so-called ‘verifiable transaction’. It becomes different when you know that each note has its own unique serial number. There is only 1,100 euro note on the ground with the same serial number as the note exchanged in this example.

This is exactly what the NFT technique brings to Blockchain, a global network of computers that monitors and executes all transactions. With NFTs, you can endow 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 pool 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, Moonbird’s NFTs represent “tool-enabled PFPs that possess a richly diverse and unique pool of rarity-driven properties.”

Basically, the project aims to be another blue-chip PFP initiative, but it has also added a host of other perks for Moonbirds owners. In addition to this utility, each Moonbird is also built to unlock private club membership, providing additional benefits the longer users keep them. The latter is called ‘nesting’.

For example, owning a Moonbird also grants access to an NFT-gated Discord server. Once inside, users can access private Moonbirds channels that provide information on upcoming drops, community events, nesting, and so on.

The collection is minted at a price of 2.5 ETH each and also comes with 5% royalties on every secondary sale going to the creators. Moonbirds owners also have full intellectual property rights over them, according to the official website.

At the time of writing, which is less than a week after the coin, the floor has risen to an astronomical 36 ETH (worth about $108,000) and is waiting for the embedding feature to be unlocked.

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