- Moonbirds announced plans to introduce a new Solana-based token called BIRB.
- The move comes after Orange Cap Games acquired the Moonbirds NFT collection earlier this year.
- Moonbirds NFTs have seen a sharp rise in price following renewed activity and the news of BIRB.
- The BIRB token aims to connect the project with Solana’s meme coin ecosystem and boost community engagement.
- No official launch date or detailed utility for BIRB has been released, but the team promises advance notice before launch.
The Ethereum NFT project Moonbirds has announced the upcoming launch of BIRB, an ecosystem token set to debut on the Solana Blockchain. This initiative follows increased interest in the Moonbirds intellectual property after its acquisition by Orange Cap Games, a gaming and IP development studio, earlier in 2024.
According to information released during the recent Birbhalla event in Singapore, BIRB will launch “soon(ish),” though no specific date or detailed utility has been confirmed. The announcement has resulted in heightened secondary market activity, pushing the floor price of Moonbirds NFTs to around 3.45 ETH (approximately $15,450), a significant increase from under $1,000 earlier this year.
The Moonbirds collection was originally created in 2022 by Proof Collective, generating $280 million in trading volume within two days of launch. However, the collection later faced a drop in popularity following community backlash and a general decline in NFT markets. Yuga Labs, known for the Bored Ape Yacht Club, purchased the Moonbirds brand in February 2024, but did not revive activity. The transfer to Orange Cap Games in May marked a new phase of growth and renewed optimism.
The introduction of BIRB is part of a wider trend in the NFT world, where major communities roll out so-called “culture coins.” These tokens, including recent launches like PENGU (from Pudgy Penguins), ANIME (Azuki), and DOOD (Doodles), offer holders ways to interact and trade within the project’s ecosystem. They are designed to boost participation and build liquidity for community members.
Market reactions to the BIRB news have been positive. “Timing is everything,” wrote Spencer Gordon-Sand, head of Orange Cap Games, in a recent post. He told Decrypt that while “We have a lot of cool stuff we are working on, […] we have [never] made specific commitments about it in public, and that’s very much on purpose.” The official Moonbirds account emphasized there will be clear communication and sufficient notice before the BIRB launch.
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