Moonbird Token Barb fly to Solana as NFT's comeback continues

Recently revived Ethereum NFT Project Moonbirds has announced the next major steps: This is an ecosystem token that will be released on Birb and will debut in Solana.

The plan was announced at Moonbird Billbara A side event was held alongside Token 2049 in Singapore, bringing together OG supporters and new owners. The teaser post for X suggests that the token launches “Soon (ish).”

The pixelated owl collection has been done through multiple ownership hands since its launch in 2022. Originally created in 2022 by Kevin Rose's Proof Group, the collection surged and generated at launch. Trade volumes worth $280 million In just two days – but crashed due to community backlash as the wider NFT hype collapsed.

Yuga Labs, the parent company of the boring APE Yacht Club, has obtained certification and has acquired the Moonbirds brand February 2024However, the IP has been mostly dormant. This May, Orange Cap Games, a gaming and IP development studio led by Spencer Gordon-Sand, has been following this May.I've got a collection.

The acquisition and new updates appear to be designed to inject new lives into the project, especially by linking it to Solana's popular meme coin ecosystem.

The move reflects a broader trend in so-called “culture coins” or tokens issued by major NFT communities over the past few months, enhancing engagement and unlocking new utilities. 2021-22 Some collections peaked during the NFT Bull Run and later fired, managed to revive interest through the launch of tokens.

From tied penguins to anime from Azuki to Doodles, anime from Doodles, to Mog and Mirady linked to the movement of internet-native memes, cultured coins have become a way for the community to participate and create tradable extensions with liquids of brand identity.

The market's response to Moonbirds' announcement has been positive so far. After news broke, sales of secondary market NFTs surged, pushing collection floor prices up to 4 ETH, and now 3.45 ETH At the time of writing, it is worth $15,450.

NFT was trading at ETH under $1,000 earlier this year before Orange Cap was acquired. MoonBirds NFTS peaked in 2022 at almost $86,000 worth of ETH floor prices, or the cheapest assets on the market.

Traders seem to bet that if valves are designed with clear utilities, they could solidify the Moonbird's relevance following their recent revival. Nothing has been announced regarding the long-term plan for the token, but Gordon Sand I've written it inexplicably on x“Timing is everything.”

In a previous interview Decryptionhe said, “We have a lot of cool stuff we're working on, but we've never made any concrete public commitments about it. It's very intentional.”

Still, don't expect a surprising token drop. X's official Moonbird account said “the lead to launch gives you plenty of time and more detailed details will be communicated in advance.”