Yuga Labs has expanded its digital art presence by merging with PROOF Collective just four days ago, incorporating Moonbirds, Oddities, Mythics, and Grails into its already impressive portfolio.
Following this acquisition, the NFT project’s trading volume has reached $2,595,445 (884.75 ETH) over the past 24 hours, marking a significant increase of 59.5%. Additionally, the number of transactions has surged by an impressive 56.8%, as per CoinGecko.
Moonbirds’ floor price notably surged by 80.6% to $7,551.56 (2.57 ETH) from $4,180.27 (1.4 ETH) after the announcement. Backed by a trading volume of $3,749,500.48 (1,276 ETH), its sudden rise showcases strong market enthusiasm and the weight of collaborative endeavors.
Source: CoinGecko
Moonbirds’ Origins and Magnetism
The Moonbirds NFT collection, initiated by Kevin Rose — a figure celebrated for his roles in Digg and the Proof Collective — debuted on April 16, 2022. The project swiftly garnered 100,000 ETH in resales, establishing a strong presence in the NFT market.
In a gesture of generosity, Rose initially released 2,000 NFTs to PROOF members, followed by a public launch. A unique lottery system allocated 7,875 pieces to pre-selected participants, while 125 were set aside for upcoming projects and partnerships.
Designed by PROOF’s co-founder, Justin Mezzell, Moonbirds draws inspiration from notable projects such as CryptoPunks and Bored Ape Yacht Club, enhancing its allure and rarity through pixel-art aesthetics.
Nonetheless, the NFTs have evolved beyond mere pixel art and scarcity, partnering with Spotify for an exclusive NFT-gated music playlist, introducing rewards programs, and establishing a community hub, among other engaging incentives.
Moonbirds maintains its stronghold in the NFT market, now spearheading innovation through the collaborative efforts of Yuga Labs and PROOF Collective.
Be sure to keep an eye out for these charming pixel owls in the Otherside!
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
The post Moonbirds Rapidly Spiked Over 80% Post Yuga Labs Merger appeared first on NFT Plazas.
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