{"id":489377,"date":"2022-04-30T14:28:55","date_gmt":"2022-04-30T14:28:55","guid":{"rendered":"https:\/\/wncen.com\/?p=489377"},"modified":"2022-04-30T14:47:21","modified_gmt":"2022-04-30T14:47:21","slug":"blue-chip-nfts-101-how-did-moonbirds-conquer-the-world-in-a-bearish-market","status":"publish","type":"post","link":"https:\/\/wncen.com\/nft\/blue-chip-nfts-101-how-did-moonbirds-conquer-the-world-in-a-bearish-market\/","title":{"rendered":"Blue Chip NFTs 101 – How Did Moonbirds Conquer The World In A Bearish Market?"},"content":{"rendered":"

The extreme success of Moonbirds is the NFT story of the year so far. The collection opened up so strongly that it archived instant blue chip status and <\/span>a place at the top<\/span><\/a> of the charts. The market for NFTs is bearish at the moment, how did the pixeled owls accomplish such a feat? It certainly wasn\u2019t just the art, even though the Moonbirds have a distinctive look and probably make excellent profile pictures AKA PFPs.\u00a0<\/span><\/p>\n

Let\u2019s uncover the story. This one has it all; a nascent but powerful organization, crazy numbers, internet legends, an ambitious roadmap, light controversy, and, of course, metaverse plans.<\/span><\/p>\n

Moonbirds: Formal Characteristics<\/span><\/h2>\n

There are a total of 10K Moonbirds, they were issued under the ERC-721 standard on the Ethereum blockchain. The mint price for each one was a whopping 2.5 ETH. That means that, at current prices, the Proof Collective made over $70M on that first day. The madness doesn\u2019t end there,\u00a0 according <\/span>to CryptoSlam<\/span><\/a>, the Moonbirds have generated $481M in sales so far. That\u2019s 160K ETH from almost 12K buyers. <\/span>And for every sale on the secondary market, Proof received a 5% cut.<\/span><\/p>\n

According to <\/span>the Moonbirds official site<\/span><\/a>, the organization distributed those original 10K owls as follows:<\/span><\/p>\n