NFTalk

Zoom back with us in time eight days. Chris was talking to anyone who listen about Moondbirds. Sounds silly right? We had no idea what would happen a week ago.

Chris had heard a podcast by Ryan Carson and Kevin Rose, both former CEOs of their own respective self-built companies.  

Together they built a company called Proof Collective, a promising NFT project that has gained significant momentum in its one year of existence.

In the early days one could buy into Proof Collective for around $1,000. To buy in today would run you over $350,000.

When Ryan and Kevin decided to do a PFP project, (Picture for Profile/Picture for Proof) called Moondbirds, it received quite a bit of hype across NFT platforms.

PFPs have become quite popular in the past couple of years, two exceptional standouts being Crypto Punks and Bored Ape Yacht Club.

If y’all don’t know what these are, you haven’t been paying attention. Crypto Punks started out almost free, but almost five years later the cheapest available is $186,000.

Bored Apes just celebrated their first birthday–minted for $250 each, the lowest price you could purchase one for today is $426,000. Are you following?

All this to say, we were (by Chris’s conviction) bullish on Moondbirds. 7500 Moondbirds were to be made available to the public on April 18^th, at nine AM Pacific Standard Time.

To be eligible to mint a Moonbird you had to enter a raffle one week prior, have verified Twitter and Discord accounts, and hold at least $7500 in Eth in a Metamask wallet, all solidly verifying your identity. We both entered and, low and behold, we were selected for one spot.

We minted our Moondbird last Saturday morning for 2.5 ETH (roughly $7,500). They sold out in mere minutes and, as we expected, the price started climbing immediately. What we hadn’t anticipated was the magnitude of the increase.

By the end of the week Moondbirds were trading at 40 ETH, roughly $120,000. Some of the rarer iterations are already being traded for over $1,000,000. A lot of people have suggested we sell and take cash; but we believe in this team, their project, and believe this will follow in the footsteps of Bored Ape Yacht Club.

It would be easy to cash out now and take the money, but Chris is an NFT degen, we love NFTs, we love the possibilities. We love the new frontier. As Chris says, “I’m in it to a Million or I’m in it to Zero.”