Moonbirds continues to reach new milestones despite the steep decline in overall monthly sales volume in the non-fungible token (NFT) space.
Moonbirds has made a valuable contribution to mainstream NFT adoption since its launch in April, reaching a total sales volume of approximately $555.17 million, according to Be[In]Crypto To research.
This landmark comes as a massive boost to the NFT space, which has seen a continuous decline in monthly volumes throughout 2022.
Some of the digital collections with the highest sales volume include Axie Infinity, CryptoPunks, Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Art Blocks, NBA Top Shot, Otherdeeds, Azuki, CloneX, The Sandbox, Cool Cats, and VeeFriends.
New to Moonbirds?
Launched on April 16, Moonbirds is a non-fungible token project by Proof, a media startup that was founded by venture capitalist Kevin Rose.
Like other projects, the Moonbirds collection includes 10,000 owl avatars. Within seven days of its launch, Moonbird #2642 sold for $1 million (then around 350 ETH) on the NFT marketplace, OpenSea, on April 23.
Much of the project’s success has been attributed to the backing of one of the most strident voices in the decentralized finance (DeFi) sector, Kevin Rose, the success of his previous project dubbed “Proof Collective”, and the taste of NFT collectors for digital collectibles on a success trail.
That said, considering the growing number of unique buyers on launch day, the increase in sales led to an increase in total transactions totaling 9,734 unique buyers and 11,550 transactions.
By the end of April, unique buyers were 11,741 and corresponded to a total transaction count of 15,909. Moonbirds’ sales volume was around $485.22 million.
The average sales value increased by 89%, from $30,499.98 in April to $57,838.41 in May. As of the end of May, the sales volume of Moonbirds was approximately $56.1 million.
At the time of writing, Moonbirds’ had 450 unique buyers, had been involved in 608 transactions, and had an average sale value of $25,232.03 for June 2022.
