Here's What the Moonbirds DAO Will Look Like

Here's What the Moonbirds DAO Will Look Like

Moonbirds recently held a token-gated PROOF Collective discussion about its upcoming Moonbirds DAO, which project founder Kevin Rose teased back in August 2022.

The mission of the DAO is "to empower the creatives to further the Moonbirds' ecosystem, reputation, lore, and meme," according to a recent Twitter thread posted by the team.

PROOF Collective is allocating more than $2.5 million to the DAO, $2 million of which will come via ETH. The remaining $500,000+ will come via Moonbirds NFTs, and $500,000 will be used to purchase Moonbirds from the secondary marketplace. Tokens and airdrops relevant to these NFTs will also be DAO property.

PROOF Collective made it clear that the $500,000 purchase of Moonbirds from the secondary marketplace is "not a floor sweep."

"While $500,000 USD certainly sounds like a large commitment, when sales volumes are decent, we can clear this number in a single day -- it's approximately 37 Moonbirds," the statement reads. "This purchase will be done slowly. The sole intention is to build up our treasury, because we're bullish on what we're building and would like to see how the DAO leverages these NFTs over the long-term."

The DAO will be further funded via royalty fees from secondary marketplace sales, with 35 percent of all royalty fees from both Moonbirds and Oddities NFTs going to the DAO (via ETH). 

The voting structure of the DAO is yet to be determined, but both Moonbirds and Mythics holders will have voting rights.

"The DAO will be decentralized, and they control all aspects of the organization," the team confirmed. "PROOF will, similar to Nouns, put in place a cold-start system that allows us to veto any rogue proposal – we doubt this will happen, but want to have safeguards in place to protect against attacks until we are comfortable with the voting process."

For more information about the upcoming DAO, which is set to launch in early 2023, see PROOF of Documentation here.

More about Moonbirds

Moonbirds is the official PFP (profile picture) project of the PROOF ecosystem. Moonbirds are a collection of 10,000 utility-enabled NFTs that unlock a private club membership, act as an access token to the PROOF Discord's Moonbirds channels, and provide access to the project's "nest" staking mechanism. Once inside the Discord, holders will have exclusive access to Moonbird-related drops, Parliament meetups, IRL events, and access to upcoming PROOF projects; including the PROOF metaverse, named Project Highrise.

At the time of publish, the Moonbirds floor price sits at 7.46 ETH, and has stayed relatively flat over the past 24 hours on 39 ETH volume of transactions. Over the last 30 days, 26 sharp wallets have sold 29 NFTs and 4 sharp wallets have bought 4 NFTs in the Moonbirds collection. Catch up on other recent Moonbirds news here.

Recent Moonbirds Sales

#471sold at 11/26 11:11am for
#5676sold at 11/26 10:11am for
#4531sold at 11/26 6:11am for
#471sold at 11/26 4:11am for
#471sold at 11/25 11:11am for

Recent Moonbirds Listings

#5428listed at 11/26 7:11am for
#5428listed at 11/26 7:11am for
#1451listed at 11/26 5:11am for
#1451listed at 11/26 5:11am for
#4201listed at 11/26 5:11am for
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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