Moonbirds, the on-chain parliament of pixelated owls, has finally started unveiling its 20k Mythics NFT collection. However, there’s a catch – the project will reveal the entire collection in slow motion over a period that is likely to exceed 200 days. This strategy seems to be in response to the botched Azuki Elementals drop, which released 20k new PFP NFTs in June and faced challenges due to the current NFT downturn. Moonbirds wants to take a more cautious approach by distributing the new tokens slowly to better gauge market sentiment and potentially ride out the fluctuations in the NFT market.
The Moonbirds Mythics collection was announced back in August 2022 and has been in the making for a year. The project is now revealing itself to the world in a very different climate from when it was conceived. Starting from July 20, owners of both the Moonbirds and its Moonbirds Oddities partner collection will begin receiving their new NFTs at a rate of 100 per day.
To qualify for a Mythic egg in the latest drop, nested Moonbirds that have reached diamond status (1 year) are eligible. The eggs will remain dormant until randomly selected during the hatching phase of the project, at which point they will receive a glowing aura to signify their readiness to emerge into the world. In addition, holders of Moonbirds Oddities NFTs can also participate by burning their original NFT to claim a Mythic egg.
From July 20, the Proof Collective, the orchestrator of all three collections, has started rolling out the first Mythics. They will randomly select 50 Mythic NFTs each day, allowing the owners to hatch the egg via the Proof.xyz website. Furthermore, they will randomly designate 50 nominated Oddities and consign them to the fiery pit in exchange for a Mythic NFT.
Each Mythic egg can be one of three types: Stone (20%), Runic (60%), or Legendary (20%). Legendary holders will have a choice of three Mythics to choose from, Runic holders will have two choices, and Stone holders will have only one option. Unlike the original Moonbirds collection, each NFT in the Mythics collection confers full commercial rights to the holder, as well as limited access to future releases, installations, experiences, and full membership to the Lunar Society.
The Moonbirds Mythics drop is an exciting development for collectors and enthusiasts. It offers a unique opportunity to own and engage with a diverse range of avian NFTs. Moonbirds has taken a deliberate approach to this release, learning from past experiences in the market to ensure a smoother and more controlled distribution process. This cautious approach reflects the project’s commitment to creating value for its community and responding to market dynamics.
The Proof Collective, as the orchestrator of the Moonbirds Mythics drop, plays a vital role in managing the distribution and hatching process. Their random selection mechanism adds an element of surprise and excitement to the collecting experience while ensuring fairness. Moreover, the requirement to burn original Moonbirds Oddities NFTs to claim a Mythic egg adds another layer of exclusivity and significance to the ongoing Moonbirds ecosystem.
By distributing the Mythics over an extended period, Moonbirds aims to mitigate the volatility of the NFT market. This calculated strategy allows the project to gauge market sentiment, adapt to changing conditions, and stay resilient amid the current NFT downturn. By taking a slow and steady approach, Moonbirds hopes to build long-term value for its collectors and ensure the sustainability of its ecosystem.
The Moonbirds Mythics collection is not just about owning pixelated artworks; it offers a gateway to a broader world of experiences and opportunities. With the commercial rights and access to future releases, Mythic holders become part of the Lunar Society, gaining privileged access to exclusive installations, events, and more. This membership further enhances the overall value proposition of the collection and reflects the project’s commitment to fostering a vibrant and engaged community.
In conclusion, the unveiling of the Moonbirds Mythics NFT collection is an eagerly awaited event in the NFT space. By adopting a cautious and deliberate approach to the distribution process, Moonbirds aims to create value for its collectors and navigate the current market conditions. The Mythics drop introduces a new level of exclusivity and significance to the Moonbirds ecosystem, allowing holders to enjoy full commercial rights and access to future releases. As the collection continues to unfold over the next 200 days, enthusiasts and collectors alike will eagerly anticipate the emergence of these avian NFTs into the world.
