Moonbirds NFT Collection Takes a Giant Leap On-Chain
The popular Moonbirds NFT collection is shaking things up in the digital art world by going fully on-chain, meaning the images of each NFT will be stored directly within the smart contract itself. This revolutionary strategy was shared during PROOF’s community livestream, dubbed ‘Future PROOF’. As Harri Thomas, the director of products at PROOF, described it, the new method allows the visuals of the Moonbirds to be constructed directly from their blockchain data — quite a departure from the usual method of pointing to off-chain storage.
What Does “In Chain” Mean for Collectors?
For NFT aficionados, this transition to on-chain images may sound like a big deal—and it is! Most NFTs simply link to external locations where their images reside, which can lead to the dreaded 404 error, or worse, a disappearance of that digital treasure trove. Thomas emphasized that this approach ensures that the artwork is not only decentralized but also permanent, allowing future generations to enjoy Moonbirds without fear of losing access.
Comparing Moonbirds with Other Projects
Interestingly, this isn’t entirely groundbreaking territory. Thomas referenced another NFT initiative, OnChainMonkey, which adopted a similar practice back in 2021. While it might feel like sharing the stage, the Moonbirds collection certainly has its own shine, especially given its blue-chip status after a staggering sell-out of 10,000 NFTs and a mouthwatering total of $281 million in sales. So, it could be said that Moonbirds are about to go from silver to gold in the NFT realm!
Expectations for Moonbird Mythics
PROOF has big plans brewing! The livestream also unveiled the upcoming launch of Moonbird Mythics, the first official expansion of the original Moonbirds collection. With an anticipated rollout of 20,000 NFTs, the Mythics play with the idea of “burn oddities or nested moonbirds” engaging the community to explore and experiment with new digital formats in a vibrant marketplace.
Funding Success Fuels Future Innovations
Backing this bold move is a hefty $50 million in funding secured through a Series A round, led by the famed venture capital firm, Andreessen Horowitz. Kevin Rose, PROOF’s founder, expressed gratitude for the backing from such respected investors in the Web3 space, highlighting that it provides confidence and resources to continue delivering innovative products.
Moonbirds’ Market Standing
In the current crypto landscape, Moonbirds stands tall among the giants. As of now, they boast a floor price of 13.8 ETH, approximately $21,445, and occupy the impressive number seven spot on OpenSea for total volume traded. Not too shabby for pixelated owls! With the NFT market poised for new heights, Moonbirds’ decision to enhance the value of their offerings is certainly timely.
What’s Next for PROOF?
During the ‘Future PROOF’ livestream, several intriguing initiatives were announced, including a social platform dedicated to PROOF members and the establishment of a new decentralized autonomous organization (DAO) responsible for overseeing the licensing of the Moonbirds name.
To top it all off, a new PROOF token with real utility is on the horizon. While the specifics are still hush-hush, we can expect further details to unfold in 2023. So buckle up, NFT enthusiasts — the Moonbirds journey is just getting started!
