Moonbirds NFTs, once considered a joke in the crypto community, have seen a significant resurgence. The turnaround was prompted by the acquisition of the Moonbirds IP by Orange Cap Games, a gaming and IP development studio. This studio aims to revive the project and re-engage the community after previous mismanagement under Yuga Labs. Since the takeover, the floor price of Moonbirds has surged from 0.29 ETH to above 3 ETH, reflecting an increase in market interest. The community has also embraced a new cultural identity through a playful lexicon, including the terms 'birb' and 'birbish', which has revitalized the brand's appeal. Meanwhile, broader NFT market trends indicate a notable increase in values and volumes across various collections, suggesting a positive shift in sentiment within the NFT space. However, while enthusiasm is returning, cautious voices remind stakeholders to remain grounded and skeptical of overhyped valuations, drawing parallels to previous market cycles.

Source 🔗