The world is expanding, and DraftKings is expanding along with it. As NFTs continue to grow, these daily articles will serve as a hub for the latest news and notes in the space.

In case you are new to the Metaverse, check out my quick breakdown on what NFTs are and how they work. For those looking to get in the game, read my article on how to set up a MetaMask wallet.

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Moonbirds Take Flight

Moonbirds is going to change the way you look at NFT profile pictures.

The upcoming collection, described on the official website as “more than just an avatar”, is the latest metaverse venture from PROOF. This team has been dedicated to covering all things NFTs for a while now.

The main product that PROOF produces is an NFT podcast, in which the hosts interview up-and-coming artists while covering the ever-expanding metaverse. Along with this podcast, PROOF’s website boasts a newsletter and the official PROOF Collective, a private group of 1,000 NFT artists and collectors.

So, what exactly is this company’s upcoming collection?

Project Breakdown & Utility

Moonbirds is a collection of 10,000 utility-enabled PFP NFTs featuring a wide array of traits. Holding a Moonbird gives you membership to the private PROOF Discord, along with additional benefits depending on how long you hold the token.

This benefits process is called nesting. Each NFT in this collection comes with a unique PFP design that allows it to be nested without leaving the holder’s wallet. As soon as the nesting process is initiated, the Moonbird will begin to accumulate benefits. As time passes, the Moonbird will also upgrade its nest and reach new tiers, unlocking unique rewards.

Drop Info & Schedule

Time: Minting begins on Saturday, April 16 at 12:00p.m. ET.

Price: The minting price for one Moonbird is 2.5 ETH + gas.

The project also recently closed an allowlist raffle. Winners will be announced on Friday, April 15 at 12:00p.m. ET. PROOF Founder Kevin Rose detailed the specifics of the raffle below:

NFT enthusiast Eamon Convey broke down the Moonbirds hype while examining the project. See the full video below:

What’s Next?

PROOF isn’t done after Moonbirds. The next step for the group is a venture codenamed Project Highrise. Stay tuned for updates as details about this project are revealed and Moonbirds officially takes flight.

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UPDATE: Moonbirds Takes Off

Moonbirds has caught fire. Just two days after minting, the collection has amassed over 69,000 ETH in traded volume (approximately $202,504,650). The project currently sits at a floor of 20.5 ETH on OpenSea and has dominated the metaverse’s leading NFT marketplace in traded volume over the past seven days.

icy.tools breaks down the all-time floor, average price and volume for Moonbirds in the chart below.

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UPDATE: Nesting is Live

Moonbirds has eclipsed the 100K ETH mark in traded volume, and the project is now launching its latest update.

NFT holders can now begin nesting, a process that accrues awards and additional benefits according to the collection’s official website. Over time, each Moonbird will upgrade its nest and reach new tiers.

PROOF, the team behind Moonbirds, hopes that nesting will help the project build a longterm community.

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