Moonbirds, once seen as a cautionary tale in the NFT space, have rebounded significantly. Launched in 2022 by Kevin Rose’s Proof, the project lost its prominence due to community backlash and price drops, hitting lows of under 1 ETH by mid-2023. Recently, however, following its acquisition by gaming startup Orange Cap, the price floor soared from approximately 0.29 ETH to over 3 ETH, with some NFTs trading around $14,000. This resurgence is credited to community engagement and a rebranding effort that introduced the term 'birbish' to resonate with younger audiences. The acquisition not only revitalized the brand but also aimed to connect with crypto culture and enhance the community's involvement. Looking ahead, the company plans to utilize Moonbirds as a cornerstone for broader entertainment and gaming initiatives, signaling a strategic pivot towards sustainable growth and community engagement within the NFT ecosystem.

Source 🔗