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Moonbirds Launch To The Moon

YugaLabs Otherside Rumors Swirl

April 19, 2022

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Happy Tuesday, we hope you had a wonderful Easter weekend

What's Dropping ⚡️

  • Cool Cats seem to be in even more hot water with their community after doubling royalties to 5%. Floor is sitting at 6.61 ETH at the time of writing.

  • @punk6529 tweeted out a massive thread talking about "OM" his upcoming project which is a combination of the 6529 Museum of Art and the 6529 team members. Read the entire thread here.

  • Logan Paul is launching "99 Originals" which is a "collection of 99 Original, 1/1 Unaltered Polaroids Taken Over The Course Of 99 Consecutive Days by Logan Paul". Although fascinating to see, NFT buyers are still skeptical after his "Logan Paul Digital Collectibles Matic" that seemed to be completely abandoned by the celebrity back in September.

  • After the Moonbirds incredible launch, they posted a photo of the whole team to further ensure to the community their authenticity. Much more about this project below.

  • Otherside details have been released and YugaLabs' projects floors have risen in response. BAYC floor: 113.4Ξ, MAYC floor: 29.9Ξ, Meebits floor: 6.38Ξ, BA Kennel Club floor: 7.5Ξ. Much more about this below.

Moonbirds Launch To The Moon 🌙

On Saturday Moonbirds launched and quickly shot to blue-chip status in a matter of a couple of hours.

As of this morning:- 17.3 ETH floor price- 73,300 ETH volume traded ($224 million USD)- 6.6k holders

Founder of Moonbirds/Proof Collective Kevin Rose digs deeper into what makes Moonbirds already successful and what more is to come. 

Time functions uniquely in the world of NFTs. BAYC is only a year old, Azuki is only a few months old, and Kevin Rose’s Proof Collective is only six months old. Yet it feels like all of the projects have been around for some time, and that’s in no small part because of the number of powerful impressions they leave in our minds. It’s something fresh new and mutating and we have yet to make sense of it with our minds. In just a short six months Kevin Rose has been able to garner such a prestigious reputation in the space that his one thousand membership pass collection Proof Collective now commands roughly 100 ETH per pass. In that time he established himself as such a competent leader, along with the Proof team more broadly that his PFP project Moonbirds sells at 5 ETH short of Azuki a mere two days after its launch. Last week, The Drop wrote about how the NFT market opens up the mechanics and ends of venture capital to the whole world. The 17 ETH floor price of Moonbirds reflects an evaluation from seed investors that the Proof Collective will be able to produce tremendous results as a startup.

It's safe to say we will be hearing a lot more about Moonbirds in the weeks and months to come!

 YugaLabs Otherside Rumors Swirling 🌎

Just the other day, we were all seeing $APE coin being airdropped to holders in the Yuga ecosystem shortly followed by a sneak peak into the next Yuga venture. Ever since we’ve been patiently anticipating the land drop called Otherside. Today, there have been new speculation on which holders will receive what utility. 

And with that, prices have been pumping. Especially the lowest floor price project, Cryptoadz, which saw a floor price increase of approximately 43% (2.64 ETH ⇒ 3.76 ETH) in less than 12 hours. This could just be a hoax that is floating around Twitter, and new buyers are becoming old holders’ exit liquidity. But, on the other hand, the theory in the tweet above could mean to be very fruitful once the land sale commences. The drop could be in ETH or it could be in the native $APE coin. NFA. DYOR. WAGMI.

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Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses. 

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