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

Lately resurgent Ethereum NFT mission 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 submit on X suggests the token will launch “quickly(ish).”

The pixelated owl assortment has been by means of a number of arms of possession since launching in 2022. Initially created by Kevin Rose’s Proof Collective in 2022, the gathering soared at launch, producing $280 million worth of trading volume in simply two days—however crashed resulting from community backlash as broader NFT hype collapsed.

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

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

The transfer displays a broader pattern 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 throughout the 2021-22 NFT bull run and have been later dismissed have managed to revive curiosity by means of 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 id. 

Market response to the Moonbirds announcement has thus far been constructive. Secondary market NFT gross sales spiked after information broke, pushing the gathering’s ground 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 yr, earlier than the Orange Cap acquisition. Moonbirds NFTs peaked at a ground worth—that’s, the most cost effective listed asset on a market—of just about $86,000 value of ETH again in 2022 after the preliminary mint.

Merchants look like betting that BIRB, if designed with clear utility, might 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 every thing.”

In a earlier interview with Decrypt, he stated, “We now have a number of cool stuff we’re engaged on, however we’ve got [never] made particular commitments about it in public, and that is very a lot on goal.”

Even so, don’t anticipate 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.”