Latest Moonbirds News
Moonbirds announced it has completed the reshuffle airdrop, which allowed owners of Diamond Exhibition pieces to swap their duplicated NFTs for new ones.
🧐 Wait, What?
There was an issue with the randomization of Diamond Exhibition NFTs for users that had more than one mint pass. Moonbirds created a new contract to allow users to swap duplicates for other NFTs.
The Deets
- Owners could swap their current piece for a different one from the pool.
- The reshuffle algorithm has been optimized to ensure unique artwork for each wallet.
- The company is hosting a Follow-Up Raffle on Friday at 2:00 p.m. ET.
Other Details
PROOF is hosting a Follow Up Raffle on Friday as part of the reshuffle. Prizes include 20 Diamond Edition pieces, 5 Moonbirds, 5 Oddities, 5 Mythic Eggs, and 4 pieces from Grails Artists like @DesLucrece, @ArtOnBlockchain, and @tylerxhobbs.
🎬 Take Action
If you owned a Diamond Exhibition piece during the first selection phase, check your wallet for your new art. Also, join the Diamond Nest in Discord tomorrow at 2:00 p.m. ET to participate in the celebration and the Follow Up Raffle.
🧠 Learn More
Moonbirds is partnering with Spotify to participate in its token-gated playlist initiative.
The Deets
- Moonbirds holders in the US, UK, DE, AU, & AZ with Android devices can access an exclusive playlist, "Sounds of a Digital Renaissance."
- The playlist is curated by Danny Lee and The Songbirbs, featuring multi-genre hits from artists like Tame Impala and Diplo.
🧐 Wait, What?
Spotify announced its token-gated experiment earlier this year, partnering with Overlord (formerly Creepz) and KINGSHIP to kickstart the project.
❗️Why It Matters
While it's not directly an "art" related matter, the Art Collector's PFP gains access to one of Spotify's web3 endeavors, further showcasing PROOF's strength in potential partnership and reach. Only a small selection of Moonbirds holders (Android users) are likely to be able to take advantage at this time, but it's still a positive to gain access to exclusive opportunities other projects can't.
🎤 Community Quotes
🎬 Take Action
If you're a Moonbirds holder living in the eligible regions with an Android device, you can access the exclusive "Sounds of a Digital Renaissance" playlist by connecting your wallet via the link in Moonbirds' bio. Note: As of 1:30 p.m. ET, Moonbirds had not added the direct link to its Twitter bio, despite the instructions provided.
🧠 Learn More
Moonbirds announced that the Diamond Exhibition mint has reopened for eligible holders and provided details for those interested in reshuffling their Day One airdrop.
The Deets
- Diamond Exhibition mint has reopened for Mint Pass holders and new Diamond Nested birds.
- Day One Diamond Exhibition mint holders can submit their airdropped tokens from May 3-7 to reshuffle for a new piece next week.
- Diamond Exhibition mint passes are also now unfrozen on secondary.
The Details
From May 3rd to May 7th, Day One Diamond Exhibition mint holders can submit airdropped Diamond Exhibition artworks on the PROOF website (proof.xyz) to receive a new piece next week. The Diamond Exhibition Day One Shuffle applies to all airdropped Diamond Exhibition artworks, not just duplicates, as long as they're held by the wallet the works were initially sent to. Pieces bought on secondary markets or minted after the Diamond Exhibition reopened today will not be eligible for the Day One Shuffle.
To ensure there’s enough variety in the shuffle pool, PROOF will add extra pieces by Diamond Exhibition artists. Participants in the pool will also be eligible for a bonus art raffle with rewards of additional art not in the original collection and Moonbirds + Oddities.
❗ Why It Matters
After the claim opened for members holding a Day One pass last week, many holders with multiple passes ended up receiving multiples of the same art work instead of art from multiple artists based on their preferences.
The Diamond Exhibition mint has now reopened today, and a re-roll mechanism has been implemented to allow holders to re-shuffle their Day One airdrops. Perhaps this will alleviate some of the furor and outrage from last week.
🎤 Community Quotes
🧠 Learn More
- Re-Shuffle Coming for Diamond Exhibition (April 28, 2023)
- Diamond Exhibition Airdrop Begins: Claim Your Art! (April 27, 2023)
PROOF founder Kevin Rose shared a sneak peek of the 3D world that Mona (@monaverse) has been building as a virtual home for the Moonbirds community.
What if we had a place to host events, connect, explore art, have conversations, and get out of discord for some fun. Coming soon, Moonbirds X MONA pic.twitter.com/TvYdXTwQIs
— Kevin Rose 🦉 (@kevinrose) April 28, 2023
❗ Why It Matters
PROOF has a lot of ongoing projects and different ideas planned for the future, to put it lightly. But today Kevin Rose shared a simpler aspiration: a Moonbirds presence in Mona, a 3D world-building platform, and a web3 social network for the metaverse.
The intention of the partnership is to facilitate community experiences, including live town halls, art reveals, and viewing parties.
The concept appears reminiscient of what both Punk6529 and Chimpers built on OnCyber, which is also a metaverse platform and similarly allows holders to congregate virtually and even show off curated art on walls within buildings.
🎬 Take Action
Those interested can see other spaces and environments created by Monaverse at monaverse.com.
🎤 Founder Feedback
🕳️ Go Deeper
- A Comprehensive Guide to Moonbirds NFTs (April 4, 2023)
- PROOF + Moonbirds Community Council Created (April 25, 2023)
- Re-Shuffle Coming for Diamond Exhibition (April 28, 2023)
Moonbirds will create a new smart contract to allow Day One Diamond Exhibition art holders to shuffle any duplicated results.
🧐 Wait, What?
Yesterday the claim opened for members holding a Day One pass for the Diamond Exhbition claim. And while many received their work without issue, lots of holders with multiple passes ended up receiving multiples of the same art work, instead of art from multiple artists according to their preferences. Find a more detailed thread about the issue here.
The Deets
- Smart contract for art deposit and exchange
- Additional rare art and Moonbirds + Oddities added to pool
- Diamond Exhibition mint reopening post-reshuffle
The Details
Due to concerns regarding the Day One Diamond Exhibition experience, PROOF is quickly acting to rectify an issue. A new smart contract will be introduced, allowing users to deposit their Diamond Exhibition art and receive a new piece from the collection.
PROOF will also add in Moonbirds and Oddities to the exchange as a bonus. The Diamond Exhibition mint will reopen for Mint Pass holders and new Diamond Nested birds once the reshuffling process is complete. Those interested in participating in the Reshuffle are advised to wait for further updates.
❗️Why It Matters
It's unfortunate that such a major event ended with a notable issue, one large enough to pause the entire Diamond Exhibition mint. Despite making small strides in recent months to regain momentum as part of its art focus, PROOF takes a few steps back on the failed execution for Day One nesters. Nevertheless, the team did speak up quickly and is rectifying the issue...a small victory.
🎤 Founder Feedback
We're going to work tirelessly to make things right. To honor those of you who have been here. To honor our incredible creative contributors whose work deserves all of the headlines and attention. To honor those community members who have been here and who continue to show up everyday. I'm sorry to anyone who had to deal with that overshadowing what should have been an absolute banger for all involved. We're going to make this right.Justin Mezzell
📊 By the Numbers
Moonbirds fell on the event, down nearly 11 percent in the last 24 hours to 2.38 ETH.
🎬Take Action
If you're interested in participating in the Reshuffle, keep an eye out for updates and instructions on how to deposit your Diamond Exhibition art for exchange.
The Diamond Exhibition's Day One Pass submission window has closed, allocation is complete, and the airdrop is now underway for Diamond Nesters collectors announced the team.
❗Why It Matters
This is an awesome opportunity for MoonBirds holders to collect awesome art and have a similar experience to collecting as the Proof Collective. In addition, it's the team's way of staying true to their mission of becoming the "Art Collector's" PFP.
The Deets
- Collection opens to all Diamond Nesters at 12 pm PDT (3 PM EST)
- Diamond-nested Moonbird holders can mint or claim tradable Mint Passes
- Unused Day One passes converted to regular Mint Passes
The Details
The Diamond Exhibition has successfully closed. If you have a Diamond-nested Moonbird but didn't get a Day One pass, don't worry – you can still head to the PROOF website after 12 pm PT to either mint your favorite remaining piece or claim a tradable Mint Pass.
For those who missed the Day One submission window, any unused Day One passes have been converted into regular Mint Passes. This means you'll have the opportunity to grab your favorite piece from the remaining collection.
🎬 Take Action
If you missed the Day One Pass submission window, visit the PROOF website after 12 pm PT to mint your favorite remaining piece or claim a tradable Mint Pass.
🧠 Learn More
Today, Moonbirds announced the formation of a PROOF + Moonbirds Community Council.
- 10 community members were nominated by holders to represent the wants, needs, and desires of the PROOF and Moonbirds community.
- The council will meet bi-weekly with PROOF leadership to give feedback, share ideas, and keep an open line of communication between PROOF and the community.
- PROOF’s new Community Council members include: @marloljohnson, @EBMDCrypto, @yukokosaka, @KyleRiggins, @cropcircle_eth, @AxuETH, @Lakoz_, @philip_yoong, @DrewBarman, @maskzilla_eth
❗ Why It Matters
The newly formed Community Council is intended to create more opportunities for collaboration within the community and serve as one feedback channel for the PROOF team. Other projects like Gutter Cat Gang and Doodles have formed similar types of focus groups or councils recently to address grievances within their respective communities; it doesn't always work out in the sense that it ultimately still falls on the team to execute on newly presented suggestions and crowdsourced ideas, but it's a good step to take nonetheless.
🎬 Take Action
Those interested can view Moonbirds' tweet thread 🧵 to read brief bios on the 10 new Community Council members.
🎤Community Quotes
🧠 Learn More
Moonbirds Mythics will start hatching in June and receive full commercial IP rights, per a tweet from Moonbirds today.
What It Means
Moonbirds confirmed that not only will Moonbirds Mythic eggs start hatching in June, but that Mythics will receive full commercial IP rights. Mythics retaining their IP rights stands in contrast to what happened with Moonbirds and Oddities, both of which moved to a CC0 public license last August.
These details were initially touched on in the Moonbirds Twitter space "Parliament: Diamond Nest Edition!" from April 17th, but were conveyed again today in writing, with the previous messaging being nestled along with information about the upcoming Diamond Exhibition and the new rewards token, $TALONS.
❗ Why It Matters
Moonbirds' sudden switch to a Creative Commons Zero (CC0) license was a large point of contention that led to a loss of trust in the PROOF team and ruffled the feathers of Moonbirds holders who were upset that they weren't consulted first.
This time around, Moonbirds holders provided feedback requesting IP rights for Mythics, so this development shows that the PROOF team is trying to listen more to the community. It comes at a time when projects such as Pudgy Penguins and Gutter Cat Gang are providing their communities with resources to more easily utilize the IP of their NFTs.
🎤 Founder Feedback
— Moonbirds (🦉, 🎨) (@moonbirds) April 21, 2023
🎤 Community Quotes
🧠 Learn More
Welcome to the Weekly NFT Roundtable, where members of the Lucky Trader team weigh in on some of the most pressing questions, news, and events in the Web3 space. The commentary below is purely opinion —not financial advice!
Recommended Reading:
Moon Moves 🦉
Question 1: Moonbirds provided several updates this week, including the plans for $TALON (a non-tradable reward token), the launch of Mythic Eggs, and the upcoming Diamond Exhibition artist list.
The main collection was relatively flat on the news after a brief surge, holding just below a 3 ETH floor, with the new Egg collection opening at .4. How are you feeling about the Moonbirds ecosystem after these updates, and do you think these plans are enough to regain market trust and turn around sentiment?
Tyler: I want to be nice here, I really do. Moonbirds holders seem happy right now, coming out of the NFT NYC event, this new focus on art, and the latest roadmap update session. And I’m happy for them.
But man, the Diamond Nest reward opened at a 0.36 ETH floor price. Seeing that sticker price after holding a Moonbird for 12 months and watching it fall from 40 ETH to 3 ETH in value is tough. But I guess we just need to forget the history and look forward. I like what the team is doing, and I actually think these are probably a good buy here at 2.8 ETH or so, based on the access to art it provides.
Ghost: When in doubt, release an egg! In all seriousness, I do like the renewed project focus on art and what the team has been rolling out. Though like Tyler said, you probably just need a ‘Men in Black’ style memory eraser of the previous price highs to be satisfied. Is that completely on the project itself — absolutely not. We saw a ton of NFTs rise to ridiculous levels during the Bull Market, and it's pretty much impossible for any to meet the expectations that those who bought the top likely have.
While I don’t think I’m ready to buy back in just yet, I could see a nice comeback narrative in the works, and would probably bet on this horse first among the other former mid-caps.
Logan: I am quietly bullish on Moonbirds and PROOF and the renewed art focus. But…given the state of the market, I just can’t willingly jump into anything right now.
As for $TALONS….to the market’s dismay, I think many U.S. projects will likely lean towards “reward points” versus “tokens” as a result of the continued scrutiny and regulatory issues a project or company could face by dropping a coin. Why take that risk?
These seem like moves that should start to stack on each other as small positives, and I do anticipate the market will regain a sliver of trust in PROOF - but it has a long way to go to join in the blue-chip conversation again.
Jason: What blue chip conversation? If it’s not a punk or ape, it’s not a blue chip. I’m not caught up on all the PROOF announcements, but in general, I don’t see how releasing additional NFTs and giving people access to even more NFTs is somehow going to bring back demand for NFTs. Mega rare lotteries for holders? Maybe. But I just don’t want the utility of my NFT, if it has one, to be access to buying other NFTs.
I don’t blame the birds or Kevin Rose, FWIW, it’s just hard to build anything in current market conditions.
Footwear Fight 👟
Question 2: The NFT space saw big updates from both Nike’s .Swoosh platform and Adidas ALTs this week. Nike is launching Gen 1 ‘Our Force 1’ digital sneakers, with a poster being airdropped to 106,453 users on the platform, which will act as a mint pass for the $20 OF1 drop. Adidas is going the PFP route, with ALTS evolving via holder decisions and various traits having specific utility within the ecosystem.
Are you buying either of these projects? Which of the major Web2 brands are doing it better? Do you see these roadmaps having the potential to appeal to users outside of our NFT bubble?
Tyler: Both are doing great jobs with their Web3 programs and are some of the leading brands in the space right now. I covered both in detail this week on the Morning Minute, so I’ll keep my thoughts here more direct. Adidas has done a better job at reaching the current NFT holder base (by using native brand ambassadors, PFPs, etc.), and I think Nike is doing a better job at trying to reach future NFT holders ($20 entry point, community events). It’s actually a really interesting problem that many brands and marketplaces have to deal with right now.
As for buying, I will likely buy some Our Force 1s. Even with 300k supply, I think they could become a valuable collectors item, and if not, at least a nice memory that I was here and active when Nike launched their first digital shoes.
Ghost: While it is cool to see these two major brands taking interesting approaches in Web3, I’m not personally buying either. As someone who invests in projects with the goal of making money, I am still skeptical about large Web2 brands being willing/able to truly reward holders in a way that meets expectations.
In terms of the OF1s in particular — I think the collectible aspect is definitely there for shoes, but this isn’t the first Nike digital shoe we’ve seen (see RTFKT). So I’m a bit weary of that label being thrown around as a potential reason to hold value.
Logan: I am not buying either one of these projects, as I personally have little to no interest in digital or physical shoes/fashion, but I do think both companies are building a strong base for web3 success.
In my opinion, Tyler nailed the breakdown. Adidas has done an excellent job of connecting with native web3 users thus far, while Nike is setting itself up for success in capturing new users that don’t have any web3 presence. The former may allow for more success in the short-term, while the latter seems better for the space overall.
Jason: Who is buying these projects? I’m not, either. But shoe brands in particular have a TON to gain from winning the NFT space. It’s another one of those obvious crossovers with the “normie” world. This battle for sneaker supremacy is just getting started, and it’ll be fun to watch… from the sidelines.
Tax Time 💸
Question 3: This week was the US tax deadline, a cause of stress for many in the space. There is also always speculation on how the time period impacts the broader market, with notable whales like J1mmy.eth selling off assets to pay the tax bill. What was your experience like with taxes this year (did you use a specific platform/strategy), and do you think the deadline has a material effect on the current red we’ve been seeing in the NFT market?
Tyler: I underestimated the impact of the tax man on the NFT market. It certainly took a hit in those last few days leading up to 4/18. I guess I thought degens would plan ahead more (a laughable thought looking back). I actually did my taxes a few months ago and had mostly forgotten about them. Luckily, we should not have this same problem in 2024, as <5% (<1%?) of degens will have NFT profits to worry about.
Ghost: I honestly thought that after a year of time, some of these platforms would have gotten more accurate and easy to use — however, if anything it felt like things got worse. The added factor of Blur really seemed to trip up a lot of the transactions, and just like the previous year it was a huge pain in the ass. Can the IRS just set up a wallet and we can code it into the smart contract to just take a percentage? I’d bet they’d like that!
In terms of the market, I think it’s a perfect storm right now of crypto going up, taxes being due and broader macro issues and the depths of an NFT bear really making things dire for NFT liquidity. It is extremely difficult for any project to see a sustained rally right now — and I don’t envy founders who are trying to appease angry degens.
Logan: I’m with Ghost, it was just as miserable as last year. I actually switched from CoinTracker to TokenTax this year, but every year I am full Donald Rumsfeld letter.
It’s difficult for me to say just how much impact the taxes thing has on the market ahead of the deadline. I guess this year might have been different just because liquidity was available (even for dusty collections) with Blur’s bidding system. But, it seems we felt very little ripple at the end of calendar years (when you’d also expect dips for harvesting’s sake).
I just think the market is weird. Too many variables. Degens don’t know what’s going to happen.
Jason: I don’t think the issue is planning, but rather a lack of clarity about how NFTs are taxed for whales. Calculating taxes is difficult when you trade with that much volume. Thankfully, I never sell, so I didn’t really have to worry about it.
Meme Money 🐸
Question 4: While the NFT markets have been slow, the focus of many in the space has shifted (at least briefly) to chasing Memecoins, with both $PEPE and $WOJACK seeing massive gains and excitement over the last few days. Have you been participating at all in the mania? What part of the cycle is this, and will we see any of the gains flow back into JPEGs?
Tyler: I saw $PEPE around a $7M market cap and was too lazy to ape into it. I then begrudgingly bought some $WOJACK on Tuesday, mostly as an emotional hedge if these coins go absolutely nuclear (which seems possible). In fact, most of the narrative I’ve seen from buyers lately is those who are just too afraid of how they’d feel if PEPE hits a $1B market cap.
It does feel like altcoin SZN got skipped and went straight to shitcoins. Many are calling for crypto to fall here in the next few weeks, so this is basically just high-stakes rocket game - how long can you hold before it crashes? And will any of this rotate back to NFTs? Probably not on any meaningful scale…
Ghost: I bought some $PEPE, and haven’t chased any others — it’s not an area I feel super comfortable dealing in, and the scams/honeypots are around every corner. That being said, the memeability of PEPE is bringing some fun and dopamine to a space that feels pretty dead right now. Hopefully some of the newfound liquidity comes back into (my bags).
Logie: I actually own both $PEPE and $WOJAK, and I don’t really know why. I’ve performed well, up multiples on both - but I have absolutely no clue what I’m doing. I have no real plan and this is basically my first time branching into the completely degen memecoin waters. I’M SCARED.
In reality, I don’t really anticipate any of this coming into the NFT market right now. There just isn’t anything fun to speculate on in jpegs right now. I guess maybe some of the newer ones, like Nakamigos, could see some inflows from newly minted memecoiners? I don’t know. This feels like an isolated event from a bunch of people who are bored and have way too much internet money.
Jason: I agree with Tyler, and we’re already starting to see Bitcoin and Ethereum retrace a little bit. We’re in for dangerous, unpredictable, and volatile times over the next few weeks and months. I can’t stomach that at the moment, so I haven’t been playing the Memcoin casino. Even if some of the profits do flow back into the Memcoins with pictures (NFTs), it doesn’t matter. There has to be a real reason to buy NFTs outside of price action before the market turns around. Right now, there are a lot of promises and near-zero execution.
Meet the Roundtable:
Ghost: Ghost is an NFT analyst at Lucky Trader. He has been in crypto since 2017, and entered the NFT space via NBA Top Shot in January of 2021 before minting Bored Apes and degenning into the broader market.
Tyler: Tyler is a high-volume NFT trader, having reached the top 100 in NFT sales revenue using NFTBank’s rankings, a Pengu maxi (in Luca we trust), and a writer for Lucky Trader. Tyler’s writing spans market analysis, news breakdowns, project ecosystem overviews, and web3 opinion pieces.
Logan: Logan is a content lead at Lucky Trader and is best known for selling every good NFT far too early. He also maintains an irrational exuberance for clay-based NFTs.
Jason: Jason is an NFT lead at Lucky Trader. He has been involved in the NFT space since CryptoKitties in late 2017, and, like most, he lost a lot of money on Top Shot in early 2021. But nevertheless, he persists (with his Series 1 Legendary From The Top LeBron James Block).
Moonbirds hosted a Parliament space today sharing additional information about the upcoming Diamond Exhibition, Mythics Eggs, and its new reward token, Talons.
❗Why It Matters
While Moonbirds provided updates on its Diamond Exhibition and Mythic claim, the biggest news was the upcoming beta launch of Talons, a reward poitn system that will seemingly replace nesting. Founder Kevin Rose likened Talons to credit card reward points, which will be earned daily for holding a Moonbirds NFT.
The PROOF ecosystem has held negative sentiment in recent months, largely due to unfulfilled promises. Previously, a Moonbirds or PROOF ecosystem token was expected, but this new rewards system is a move likely signalling otherwise. Other projects like Kanpai Pandas and y00ts have leaned into "ecosystem points" instead of tokens, perhaps to avoid the regulatory uncertainty, and it seems PROOF has followed suit.
The Deets
- Diamond Exhibition begins April 27 with Day One Nesters receiving a head start with their Day One Pass (Mint passes will be airdropped and tradable)
- Mythics Eggs Claim Starts Today, offering varying rarity and art options
- Moonbirds to introduce a new reward token, Talons, exclusively for holders to be used within their ecosystem replacing the need to nest.
- Released first "Moonbirds Short Film"
The Details
Moonbirds' Diamond Exhibition is set to start on April 27, offering a spectacular collection of art from 22 artists. Day One Passes will be distributed to Moonbirds members who nested within the first 24 hours allowing them to get a head start on picking their favorite art piece and submitting a rank order to be considered. Read more on the drop here.
Mythic Eggs are being unveiled, featuring three levels of rarity: Legendary, Runic, and Stone. The sooner an egg is acquired, the greater the likelihood of securing a Legendary egg. Each egg provides distinct artistic choices, and if you claim an egg within the first week, there's a 60 percent chance of it being Legendary. Moreover, each claim impacts the entire collection, as holders can choose one of three Mythic designs, with the other two designs never being available for minting again.
Moonbirds is also transitioning to a new rewards system. They will no longer rely on nesting but will introduce, Talons, a token similar to credit card reward points. Talons will be available only to Moonbirds holders and will be used within their ecosystem to claim art, purchase tickets to events, and other opportunities that the team is looking to introduce.
📊 By the Numbers
After an initial surge on the back of the Talons announcement, Moonbirds quickly gave back any gains. The project holds a floor price of 3.069 ETH on OpenSea.
🧠 Learn More
