If you are in the world of NFT, you might be heard of Moonbirds NFT. But what are Moonbirds NFTs? Moonbirds took to the skies and quickly became one of the hottest stories in the NFT space. Here's everything you need to know about it.
What are Moonbirds NFTs?
Moonbirds are a collection of 10,000 non-fungible tokens issued under the ERC-721 standard on the Ethereum network on April 16, 2022. According to the official website, Moonbirds NFT stands for "utility PFP with a rich, diverse and unique pool of rare features."
In fact, the NFT trend has shifted towards blue-chip NFTs and high-end projects, rather than enabling a fragmented market. The Moonbirds non-fungible token is one of the newest additions to the recent blue-chip NFT project that has successfully captured the attention of the entire NFT community. They are eligible to enter the ranks of popular NFT collectibles such as CryptoPunks, Bored Ape Yacht Club, or Azuki.
Each Moonbird provides its owner with access to a private club, which can accrue additional benefits if users maintain their membership for extended periods of time. Having Moonbird also gives you access to NFT-gated Discord servers. Once in, members have access to Moonbirds' exclusive channels that will inform them about upcoming drops, community events, nesting, and other related issues.
What is Nesting?
There's also nesting, a new feature introduced by Moonbirds. Nesting is essentially a repetition of staking, a common feature of crypto tokens that allows you to earn rewards (or yields) by locking them into the platform. However, in this case, you keep Moonbirds NFTs in your wallet and the rewards are not crypto tokens.
Soon after the nesting process begins, Moonbirds will begin to receive additional benefits. Over time, the Moonbird Nest will be upgraded, layer by layer, to gain new and exciting gifts.
Summary
Hopefully, now you will understand what are Moonbirds NFTs and what Nesting is. The growing world of NFTs has begun to focus on blue-chip and high-end projects, making a radical shift from a decentralized approach. At this time, the launch of Moonbirds NFT caused quite a stir in the NFT field. At nearly $55,000 for a Moonbird NFT, they are definitely something to watch.
