Moonbirds Token BIRB to Take Flight on Solana as NFT Comeback Continues

Now not too lengthy ago resurgent Ethereum NFT venture Moonbirds has unveiled its next major step: the open of BIRB, an ecosystem token build to debut on Solana.

The plans were announced on the Moonbirds Birbhalla aspect match alongside Token 2049 in Singapore, the set up O.G. supporters and contemporary holders gathered. A teaser put up on X suggests the token will open “quickly(ish).”

The pixelated owl sequence has been thru multiple hands of ownership since launching in 2022. In the start created by Kevin Rose’s Proof Collective in 2022, the sequence soared at open, generating $280 million rate of shopping and selling volume in only two days—but crashed attributable to team backlash as broader NFT hype collapsed.

Yuga Labs, the parent company of the Bored Ape Yacht Membership, received Proof and the Moonbirds ticket in February 2024, but left the IP largely dormant. Renewed optimism followed this Can also when Orange Cap Games—a gaming and IP trend studio led by Spencer Gordon-Sand—received the sequence.

The acquisition and contemporary updates appear designed to inject contemporary existence into the venture, namely by tying it into Solana’s stylish meme coin ecosystem.

The transfer shows a broader trend of so-known as “culture coins,” or tokens issued by major NFT communities over the final diverse months to deepen engagement and liberate contemporary utility. Some collections that peaked for the length of the 2021-22 NFT bull speed and were later disregarded possess managed to revive curiosity thru token launches.

From PENGU tied to Paunchy Penguins, ANIME from Azuki, DOOD from Doodles, to MOG and MILADY tied to web-native meme actions, culture coins possess change into a device for communities to each and each gamify participation and manufacture liquid, tradable extensions of their ticket identity.

Market reaction to the Moonbirds announcement has thus far been certain. Secondary market NFT gross sales spiked after news broke, pushing the sequence’s ground label as much as 4 ETH, and at this time 3.forty five ETH on the time of writing—about $15,450 rate.

The NFTs were shopping and selling for below $1,000 rate of ETH earlier this One year, before the Orange Cap acquisition. Moonbirds NFTs peaked at a ground label—that is, the most more cost-effective listed asset on a market—of nearly $86,000 rate of ETH help in 2022 after the initial mint.

Traders look like betting that BIRB, if designed with certain utility, could well cement Moonbirds’ relevance following the hot resurgence. When it involves lengthy-term plans for the token, nothing has been announced, but Gordon-Sand cryptically wrote on X, “Timing is all the pieces.”

In a previous interview with Decrypt, he mentioned, “We have plenty of cool stuff we’re working on, but we possess [never] made particular commitments about it in public, and that’s the reason very powerful on aim.”

Even so, don’t anticipate a shock token fall—the first rate Moonbirds story on X neatly-known that there’ll likely be “gigantic time given within the lead as much as the open with extra vital aspects communicated ahead of time.”