Everyone is crazy for Moonbirds

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📈 Market

Our favorite charts from Sfermion Research’s Q1 Chart recap

Collectibles dominated Q1 with 82% of the total sales volume ($USD) followed by Art (5%), Gaming (7%), and Metaverse NFTs (6%).

Metaverse NFTs have the highest average sale value at $7,900 followed by Collectibles ($4516), Art($3242), and Gaming($2264).

Ethereum dominated sales value but not transaction count

Check out the rest of the charts

📰 Mainstream

NBAxNFT

The NBA has made its first formal leap into web3 by dropping a new Twitter handle called NBAxNFT in addition to a corresponding Discord server.

The NBA already has partnerships in place with Coinbase and NBA Top Shot but has never launched an NFT initiative of its own.

In related news:

The Golden State Warriors partnered with FTX to launch a commemorative NFT collection for its 2022 NBA Playoff run.

Based on rarity, holders receive:

Logan Paul’s DAO

YouTube star and boxing phenom Logan Paul is launching a new NFT collection called Originals 99.

Per the name, it will be a collection of 99 NFTs where half of the proceeds will go to the DAO’s treasury to be spent on whatever they choose to vote on.

Some suggestions for the DAO treasury allocation include:

• Buying a private jet that DAO members can charter

• Investing in movie scripts 

• Investing in digital assets

Looks like Beeple is into it 

👤 Social

Crazy for Moonbirds

For the last few weeks, in discord alpha groups and telegram chats, one project has the drawn desire of thousands.

These guys.

Kevin Rose, Justin Mezzell, and Ryan Carson’s private NFT group, Proof Collective, have watched its floor surge to nearly 100 ETH. The only problem is that it’s a membership NFT – they needed a PFP.

Enter Moonbirds.

The 10,000 NFT PFP collection has easily been the most anticipated drop so far this year.

Holders receive:

The 1,000 Proof Collective members got 2 Moonbirds for free leaving 7,875 left (125 to the team) for everyone else.

Please, no more (gas) war

When we last wrote about Moonbirds, the plan was to sell the remaining 7,875 NFTs via a dutch auction in descending order from 2.5ETH – 0.1ETH. 

However, that quickly changed once it became clear that there was enough demand for all 7,875 to sell out at 2.5ETH – leading to a gas war.

Basically, the Proof Founders didn’t want the same thing that happened with VaynerSports Pass to happen with Moonbirds.

If you haven’t heard about what happened with VaynerSports Pass the TLDR is that it cost 0.155 ETH to mint a VSP but participants reported spending as much as 1 ETH in gas and sometimes didn’t even get one 🙁

All in all, the participants in the VSP mint spent ~$26M in gas for VaynerSports to net just ~$8M.

Now back to Moonbirds.

So because the Proof crew wanted to avoid a gas war, they opted for a raffle.

32,000 wallets participated with 7,875 winners along with an additional 3,000 wallet…