Here's How the ‘Moonbirds’ NFT Project Reached Rapid Success
The project minted for 2.5 ETH and now has a floor of 20 ETH.
One of the most popular NFT projects in recent days is the “Moonbirds” collection, and many are wondering how this project went from a 2.5 Ethereum (about $7,500 USD) mint price to its current 20 Ethereum (around $68,000 USD) floor price, in 36 hours.
From a price and volume standpoint, the project has seen overnight success, according to data shared in a tweet by one of its co-founders, Ryan Carson.
67% unique holders ?
20 ETH floor
67.5K ETH volume in 2 days, 12 hours
ATH sale: 150 ETH pic.twitter.com/tchoJrdnkK
— Ryan Carson (?,?) (@ryancarson) April 18, 2022
The rapid success likely has to do with the project’s leadership. Alongside Carson, “Moonbirds” is led by co-founder Justin Mezzell and founder Kevin Rose. The three also host a podcast by the name of “PROOF,” which has grown from 5,000 listeners to now hosting audiences of nearly 150,000 listeners, according to statistics shared by Rose in his interview with Carly Reilly of the “Over Priced JPEGS” (OPJ) podcast.
Rose himself brings years of experience as a partner with True Ventures, a Silicon Valley-based VC firm that focuses on early-stage technology startups. His expertise is in blockchain with a focus on NFTs, crypto, and decentralized finance (DeFi). Prior to working with True Ventures, Rose worked as an entrepreneur, founding a number of successful sites and applications. Rose also worked as a general partner at Google Ventures, where he invested in companies like Ripple, Blue, Bottle, Medium, and Nextdoor.
He also said on the OPJ podcast that he once told Gary Vee to buy CryptoPunks back when he bought 10 for only five USD each. While the “Moonbirds” NFT does seem to have lofty goals and systems outlined in their roadmap, including the ability to stake the NFT for rewards, it seems that investors are placing their bets on the team behind the project rather than just the pixelated owl jpegs.
More information about the project can be found on moonbirds.xyz.