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

Not too long ago resurgent Ethereum NFT challenge 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 way of 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 price of buying and selling quantity in simply two days—however crashed on account of group backlash as broader NFT hype collapsed.

Yuga Labs, the father or mother 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 Could when Orange Cap Video games—a gaming and IP improvement studio led by Spencer Gordon-Sand—acquired the gathering.

The acquisition and new updates seem designed to inject new life into the challenge, particularly by tying it into Solana’s common 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 throughout the 2021-22 NFT bull run and have been later dismissed have managed to revive curiosity by way 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 change 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 up to now been constructive. Secondary market NFT gross sales spiked after information broke, pushing the gathering’s ground worth as much as 4 ETH, and presently 3.45 ETH on the time of writing—about $15,450 price.

The NFTs have been buying and selling for lower than $1,000 price 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 virtually $86,000 price 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, “We’ve a whole lot of cool stuff we’re engaged on, however we have now [never] made particular commitments about it in public, and that is very a lot on goal.”

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