NFT from the Moonbirds collection sold for a record $1 million

A rare token was sold for 350 ETH a week after the launch of the project

25.04.2022 - 15:25

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What’s new? NFT #2642, one of the rarest tokens of the Moonbirds collection, was sold for a record 350 ETH (more than $1 million at the exchange rate on April 25) on the OpenSea NFT marketplace. The buyer of the token was The Sandbox, a blockchain-based gaming metaverse that is a subsidiary of Hong Kong-based Animoca Brands. The seller, under the nickname oscuranft on OpenSea, made a profit of around $600 000 by buying NFT a week ago for 100 ETH.

Information on The Block’s website

What is known about Moonbirds? It is an NFT collection of 10 000 owl avatars. Moonbirds was launched on April 16 by Proof, a media startup founded by venture capitalist Kevin Rose. According to Dune Analytics, the total sales volume of NFT Moonbirds amounted to almost $360 million in just over a week. The ten highest sales range between $397 000 to $1 million.

What led to the rapid success? According to The Block Research’s NFT analyst Thomas Bialek, Moonbirds’ rapid success was due to several factors: Rose’s support, the success of his previous project, Proof Collective, and the fact that collectors prefer NFT projects with a successful track record.

Moonbirds is launching a new feature called “nesting,” in which holders will be able to gain membership in a private club, giving them additional benefits. Depending on how long holders have owned their NFTs, they will achieve different status levels, Rose explained.

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