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- Moonbirds launches a token
Moonbirds launches a token
It can be redeemed for exclusive NFTs, merch & event invites
The Metadata
April 21, 2023
GM. Happy friday to everyone still holding on tightly to your JPEGs! We share all of our research findings in 3 simple emails each week.
Today we cover:
Bored Apes and CryptoPunks sink to lows for the year. Why?
Moonbirds launches a token
Big drop off in NFT traders. We tell you how many are left
Berachain raises $42M in funding. Just wow.
Market Update
The Forkast 500 NFT index is down 1.6% on the day, the biggest drop in the past week. Much of this is related to an overall pullback in the crypto markets, with ETH falling nearly 10% from its highs of the week.
It's been a bit of a bumpy ride recently in the NFT market. The Forkast 500 NFT index has taken a 1.6% hit - the biggest drop we've seen in a week! 😮 This seems to be linked to a broader pullback in the crypto markets, as ETH has fallen nearly 10% from its weekly highs.
Our beloved major NFT collections aren't faring too well either. Bored Apes and CryptoPunk NFTs have both seen their floor prices dip below 50 ETH for the first time this year. 📉
So, what's the game plan? Some NFT enthusiasts are saying it's time to "buy the blood" and hold on tight for the next cycle. Meanwhile, others are taking a more cautious approach, waiting for momentum to build before diving in. 🤔
Moonbirds Gets A Revamp, Leans Heavily into Art
💲 What to know: Moonbirds, the 10K PFP collection helmed by Kevin Rose, is undergoing a revamp and will be launching a rewards points system — $TALON
It's been one year since its launch on April 18. Happy birthday Moonbirds!
☘️ In the weeds: You might've heard that Moonbirds and the PROOF ecosystem hit a rough patch lately. After raising a whopping $50M in Series A funding (thanks, a16z!) and dreaming of their own metaverse, they decided to change course. Now, they're embracing their artistic side as the "Art Collector's PFP."
The transformation kicks off with the Diamond exhibition, a curated show featuring 22 artists and a stunning 10,010 digital artworks. Keep an eye out for Beeple and Dirty Robot, just to name a couple of the standout artists!
For those of you who've had your Moonbirds NFTs staked since Day 1, you can claim a Day One Pass. This gives you the chance to pick your favorite artwork from the Diamond Nest collection starting April 25th. But hurry, these passes are selling for 0.24 ETH each on Opensea, with 4,720 already claimed.
As for the $TALON rewards system, Moonbirds NFT holders will start earning points automatically every day. Use your $TALON to bid on exclusive NFT drops, snag cool merchandise, attend IRL events, and enjoy other one-of-a-kind experiences in the PROOF ecosystem.
🤑 Why it matters: We like how Moonbirds is leaning into its strengths, preferring to focus on art instead of being a mainstream brand/IP play. Kevin Rose and the PROOF team are extremely well-connected within the NFT art space, and we anticipate many more exciting collaborations ahead. Moonbirds holders get the front seat to all of the action.
Today's News & Coolest Tweets
🐥 Big drop off in NFT traders, less than 10k left
there's been an incredible drop off in unique NFT buyers/sellers in the last week
less than 10k wallets now on all platforms
(h/t @SeaLaunch_ )
— Giancarlo (@GiancarloChaux)
4:48 AM • Apr 20, 2023
🐥 How Blur is impacting the NFT market
WTF Is going on with the NFT market?????
projects that used to be 20+eth are at 2eth! did the launch of $blur kill everything? Why are floors at all-time lows?
let's take a look at the data...
— charles1.eth (@learn_charles)
10:02 PM • Apr 20, 2023
🐥 Why NFT trading in the future will be different (hint: perps)
NFT trading is about to change forever.
Oh, and another $BLUR like airdrop may be coming 🧵
— Liam Herbst (@liamherbst_)
11:38 PM • Apr 19, 2023
🐥 Artist spotlight: Dmitri Cherniak, creator of Ringers
1/@dmitricherniak is one of the greatest artists in Generative Art history
Today we take a look at his statement NFT collection
"Ringers Revealed" - A 🧵
— Da Vinci 🧵 (@davincithreads)
1:36 AM • Apr 20, 2023
🐥 Sotheby's digital art auctions begin in MAy
One of the most significant collections of digital art ever assembled is coming to auction at Sotheby's across a series of multiple sales throughout 2023.
It all starts 19 May during the Marquee Sale Week at Sotheby’s New York. bit.ly/3Le9TIn
#SothebysGRAILS— Sotheby's Metaverse (@Sothebysverse)
5:04 PM • Apr 19, 2023
🐥 Memeland releases its animation trailer
Welcome to #Memeland 🏴☠️
Your web3 adventure starts here...
— Memeland 🏴☠️ (@Memeland)
4:19 PM • Apr 20, 2023
🐥 Berachain raises $42M. We covered Berachain in our newsletter a few weeks ago
Over a year and a half ago, Papa and I were joking about making NFTs of bears smoking weed.
And today, we're announcing that we've raised $42.0M from some of the best crypto investors and angels in the game to build the first protocol which truly aligns liquidity and security.
— Smokey The Bera (@SmokeyTheBera)
3:00 PM • Apr 20, 2023
🐥 Consumer crypto is so important
T̶h̶e̶ ̶2̶0̶2̶3̶ ̶S̶e̶e̶d̶ ̶C̶l̶u̶b̶ ̶T̶h̶e̶s̶i̶s̶
This was supposed to be a thesis post outlining our conviction for the consumer crypto space.
Instead this is what came out ...
A thread 👇
— Jess 🌱 (@thattallguy)
3:45 PM • Apr 20, 2023
🐥 The Ethereum Follow Protocol
The Ethereum Follow Protocol (EFP)
Thesis: Ethereum needs a native protocol for following other Ethereum accounts.
This is a high level proposal meant for soliciting feedback and sentiment.
I propose a protocol for following other Ethereum accounts that has its root on… twitter.com/i/web/status/1…
— brantly.eth (@BrantlyMillegan)
9:05 PM • Apr 19, 2023
🐥 What's going on in NFT finance
'Liquid Culture' 002 w/ @benroy__
A curated conversation on what has happened in the NFT finance world over the last week.
TLDR:
- NFTfi Snapshot
- Cross-margin lending
- Buy Now, Pay Later
- P2Pool Competiton
- Lending DAOs
- NFT Deriv Liquidity Issues
- Rapid Fire(🧵 1/12)
— WarDaddyCapital (@wardaddycapital)
12:11 AM • Apr 20, 2023
New Projects Corner
🍿 (Fashion) Adidas's next drop starts on April 26. Sign up on the website for early access
Introducing the Indigo Herz Pack – starting April 26
❤️ Ape, Icon, Inspiration. An IRL collection inspired by Indigo Herz, made to celebrate how far we have come in ‘Into the Metaverse’ as we transform into 🫀 #ALTSbyadidas.
All details below 👇 twitter.com/i/web/status/1…
— Indigo Herz (@indigo_herz)
5:59 PM • Apr 19, 2023
🍿 (Art) Jeremy Booth's Western Art project, drops in May
A thread on @westernartdept...🧵
— jeremybooth (@jeremybooth)
3:11 PM • Apr 18, 2023
🍿 (Art) New generative art experiment drops on 24 April
The PiRIS Project.
Minting the week of 4/24 for .00314E.
Generative Art Experiment.
Fully on chain.
10s of millions of potential outputs.
Visual representations of π (Pi).
In protest of the scarcity mindset & unhealthy hype cycles in Web3.
There's enough Pi to go around♥️ http
— James Richard Fry (@jamesrichardfry)
9:07 PM • Apr 15, 2023
That's it for today folks, see you tomorrow. If you want more, follow us on Twitter (@the_metadata). If you found this newsletter helpful, imagine how much your friends will love you if you forwarded it to them. Just sayin' 🥹
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Disclaimer: This newsletter is for educational purposes only. None of this is financial or investment advice. It is not a solicitation to buy or sell any assets. Minting and buying NFTs is risky. Please do your own research.