NiftyNoon: What Is the Utility of Moonbird Mythics?
After almost a year of anticipation, Moonbird Mythics are finally here (July 21, 2023)
Nifty Thought
First announced in the Future PROOF presentation in August 2022, Moonbird Mythics have been widely anticipated by the broader NFT community for almost a year. Now that they are finally here, many people have been discussing where Mythics fall within the Moonbirds ecosystem. PROOF has positioned the original Moonbirds as an art collector’s profile picture project. Even its intellectual property stance being CC0 is following in the footsteps of notable crypto artists such as XCOPY and Gremplin.
Conversely, the PROOF team seems to be positioning Moonbird Mythics as the builder’s profile picture leaning into founder Kevin Rose’s history as both a notable entrepreneur and venture capitalist. Moonbird Mythics grant their intellectual property to their holders similar to other notable profile pictures such as Bored Ape Yacht Club and CryptoPunks. Further cementing the role of Mythics for builders is their ability to participate in the Lunar Society Moonbirds DAO. Although they only receive 1 vote compared to the original Moonbird’s 3 votes, they still represent the cheapest entry to creating and launching a DAO proposal that can be funded for up to $50,000 USD.
In this sense, the PROOF team has diversified its product portfolio with a new offering that seems designed to be more appealing to traditional NFT profile picture buyers. This strategic move may prove to win out in the long run, particularly with PROOF’s innovative minting mechanic. Unlike other secondary collections such as Mutant Ape Yacht Club and Azuki Elementals, Moonbirds Mythics are completely free to holders with the PROOF team receiving no mint funds whatsoever. Instead, 50 are hatched from Mythic Eggs that were airdropped for free to holders everyday whereas another 50 are spawned by people that convert their Oddities. This slow release allows the team to release the collection gradually overtime and limit the dilution that comes with flooding the market with up to 20,000 new profile pictures. While the NFT market remains challenging with significant liquidity headwinds, it is clear the PROOF team is doing their best to launch products that are mindful of the state of the current market. Only time will reveal if they will be rewarded.
Highlighted News
Moonbirds Mythics are LIVE! Each day, 50 Mythics eggs will activate and 50 Oddities will be burned:
https://twitter.com/moonbirds/status/1682082771924307968?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Moonbirds share Mythics Chronicles: Storytime with Justin:
https://twitter.com/moonbirds/status/1682063820959760400?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Yuga Labs announce HV-MTL Forge Season 2 updates are in progress:
https://twitter.com/boredapeyc/status/1682115762905817088?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Project and Community News
Introducing Deals- offer your NFTs for theirs, securely on OpenSea:
Introducing Floor's first ever creator series- Floor ICONS:
https://twitter.com/floor/status/1682018003813117958?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
@PacmanBlur says that "we do plan to allocate more [to season 2 farmers] than 300,000,000 $BLUR" which was initially allocated:
https://twitter.com/punk9059/status/1681889297371217920?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Japan. Korea. Singapore. Hong Kong. This summer, Yuga Labs is going global:
https://twitter.com/yugalabs/status/1682197647505981443?s=20
You can now search by wallet on @MagicEden:
https://twitter.com/hausoftiffany/status/1682158647256969219?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
@mfigge just announced at @ChristiesInc that @gucci cloth will be redeemed for co-branded @10KTFshop x Gucci wallet or duffel bag:
https://twitter.com/atareh/status/1682037816967184384?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
In one of our biggest Product Roadmaps yet, we're looking towards the Sorare: Football 2023-24 season to bring you more passion, ownership, and connection:
https://twitter.com/sorare/status/1681983840871481345?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
CyberKongz share GENKAI mint details:
https://twitter.com/cyberkongz/status/1682072881700765696?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Flightless Space Agency adoption page now open:
https://twitter.com/pentosh1/status/1682043223781564417?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Quick Stats:
Blur ETH Daily Volume: 4,715 ETH (▲ 28.23%)
OpenSea ETH Daily Volume: 1,645 ETH (▲ 1.92%)
BTC: $29,786.53 (▼ 0.65%)
ETH: $1,890.80 (▼ 0.88%)
Solana: $25.22 (▼ 3.42%)
Polygon: $0.76 (▲ 2.48%)
NFT Daily Winners:
🐧 Pudgy Penguins: 4.06 ETH (▲ 5.73%)
🧬 Clone X: 1.75 ETH (▲ 3.91%)
🌈 Doodles: 1.59 ETH (▲ 2.19%)
🏳️🌈 Chromie Squiggles: 10.58 ETH (► 0.00%)
NFT Daily Losers:
🧟 Mutant Ape Yacht Club: 6.00 ETH (▼ 1.15%)
🐈⬛ VeeFriends: 1.68 ETH (▼ 1.18%)
🚬 CryptoPunks: 48.00 ETH (▼1.42%)
⛩️ Azuki: 5.49 ETH (▼ 1.48%)
🦉 Moonbirds: 1.51 ETH (▼ 1.63%)
🦧 Bored Ape Yacht Club: 32.62 ETH (▼ 1.72%)
⛰️ Otherdeeds: 0.60 ETH (▼ 2.26%)
👩🏻 Milady Maker: 2.65 ETH (▼ 2.65%)
🏴☠️ Captainz: 6.10 ETH (▼ 4.24%)
Notes:
If you find quick daily NFT updates helpful, please feel free to subscribe:
The content on this site is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Managed by @AxuETH, @NPapaellinas, @SpeedyGonzale87, @SSPxLEO and @xhuewa