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

Lately resurgent Ethereum NFT venture Moonbirds has unveiled its subsequent main step: the launch of BIRB, an ecosystem token set to debut on Solana.

The plans have been introduced on the Moonbirds Birbhalla facet occasion alongside Token 2049 in Singapore, the place O.G. supporters and new holders gathered. A teaser publish on X suggests the token will launch “quickly(ish).”

The pixelated owl assortment has been by a number of fingers of possession since launching in 2022. Initially created by Kevin Rose’s Proof Collective in 2022, the gathering soared at launch, producing $280 million value of buying and selling quantity in simply two days—however crashed as a result of neighborhood backlash as broader NFT hype collapsed.

Yuga Labs, the mother or father firm of the Bored Ape Yacht Membership, acquired Proof and the Moonbirds model in February 2024, however left the IP largely dormant. Renewed optimism adopted this Might when Orange Cap Video games—a gaming and IP growth studio led by Spencer Gordon-Sand—acquired the gathering.

The acquisition and new updates seem designed to inject new life into the venture, particularly by tying it into Solana’s widespread meme coin ecosystem.

The transfer displays a broader development of so-called “tradition cash,” or tokens issued by main NFT communities over the previous a number of months to deepen engagement and unlock new utility. Some collections that peaked in the course of the 2021-22 NFT bull run and have been later dismissed have managed to revive curiosity by token launches. 

From PENGU tied to Pudgy Penguins, ANIME from Azuki, DOOD from Doodles, to MOG and MILADY tied to internet-native meme actions, tradition cash have turn into a means for communities to each gamify participation and create liquid, tradable extensions of their model identification. 

Market response to the Moonbirds announcement has thus far been constructive. Secondary market NFT gross sales spiked after information broke, pushing the gathering’s flooring worth as much as 4 ETH, and at present 3.45 ETH on the time of writing—about $15,450 value.

The NFTs have been buying and selling for lower than $1,000 value of ETH earlier this 12 months, earlier than the Orange Cap acquisition. Moonbirds NFTs peaked at a flooring worth—that’s, the most affordable listed asset on a market—of just about $86,000 value of ETH again in 2022 after the preliminary mint.

Merchants seem like betting that BIRB, if designed with clear utility, may cement Moonbirds’ relevance following the current resurgence. By way of long-term plans for the token, nothing has been introduced, however Gordon-Sand cryptically wrote on X, “Timing is the whole lot.”

In a earlier interview with Decrypt, he mentioned, “Now we have a whole lot of cool stuff we’re engaged on, however we’ve [never] made particular commitments about it in public, and that is very a lot on objective.”

Even so, don’t count on a shock token drop—the official Moonbirds account on X famous that there shall be “ample time given within the lead as much as the launch with extra particulars communicated forward of time.”