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- Kevin Rose’s Proof will launch the Moonbirds DAO in 2023.
- Moonbirds is an NFT collection holding 10,000 utility-based tokens.
- Floor price of the collection remains 10.3 Ethereum at the time of publication.
Moonbirds DAO Will Open Up New Opportunities
Since the cryptocurrencies have boomed in the past few years, people have shown a great faith in decentralized ecosystems. Who does not like the concept of freedom. In a world where centralized entities have taken over the lives, notions like DAO give hope to eliminate the command of such authorities over many aspects of life. Recently, the NFT creators announced that they will release a DAO soon.
The decentralized autonomous organization is set to launch during early 2023. The project confirmed that they will invest 2.6 Million worth of digital assets to lay the foundation. They are working to make the brand a household name. The initiative will contribute to the ecosystem, lore and reputation positively.
According to the official whitepaper, Mythics and Moonbirds NFT holders can partake in the governance. Apparently, Moonbirds will have more authority in contrast to the Mythics. Every member of the decentralized alliance will have their say in all the aspects and decisions regarding the organization.
Decentralized Autonomous Organizations have increased in popularity since the inception of certain DAOs including UniSwap, ConstitutionDAO, MakerDAO and more. ConstitutionDAO remains one of the most interesting coalitions as they raised 47 Million USD to purchase the original copy of the US constitution in Sotheby’s auctions.
Bloomberg reported that ConstitutionDAO is an example of how powerful these organizations could be. AssangeDAO was created to raise defense funds for WikiLeaks founder Julian Assange. UniSwap remains the biggest name in the game and released their governance token UNI in 2020.
Moonbirds is a collection of 10,000 utility-based profile pictures created by Proof. The holders enjoy private club membership alongside other perks depending on the duration of the ownership. The ecosystem allows a unique feature dubbed “nesting.” Nesting the NFT will upgrade the tiers to open up more benefits to the users.
The brains behind the project are already working on a metaverse titled “Highrise.” Recently, Yuga Labs launched a demo for the Bored Apes metaverse, Otherside. The announcement increased the popularity as well as the utility of BAYC NFTs for the users. They created ApeDAO to allow the holders to vote on proposals for the digital metaverse.
Could this DAO be a similar initiative considering the team is working on their own “digital ghost town.”
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
