It’s been a week since launch, but the excitement for the Moonbirds NFT isn’t over yet. In fact, Moonbirds NFT collection is now trading on OpenSea at a minimum price of 35 ETH (worth more than $104,000). To date, a total volume of 100,000 ETH has already changed hands.

To be sure, Moonbirds has flipped many top NFT projects like BAYC, MAYC and Azuki. Guess what? At the time of writing this article, Moonbirds is already the top NFT project on OpenSea.

Moonbirds NFT floor price keeps increasing. Why?

For those unfamiliar, Moonbirds is a collection of 10,000 pixel art birds on the Ethereum blockchain. The project was shut down on April 16 with an initial coin price of 2.5 ETH. Initially, some were not impressed by the high coin price. But looking at the 1300% ROI right now, that 2.5 ETH investment seems to have paid off after all.

Anyway, the reserve price of Moonbirds NFT has been increasing continuously since its release. Some credit the project’s success to the solid team members behind Proof Collective, the team that developed the Moonbirds NFT. For example, Kevin Rose, one of the co-founders, is a venture capitalist and serial entrepreneur who has made his name in the NFT space.

Also, according to the Moonbird website, these feathered avatars come with a ton of utilities. Holders get exclusive access to private PROOF Discord, Moonbird-related drops, Parliamentary meetings and IRL events. In addition, holders can gain access to the PROOF Metaverse, an upcoming PROOF project called Project Highrise.

Given the project utilities and the strong team behind Moonbirds NFT, it’s no wonder this project is climbing to new heights every day. Will Moonbirds Eventually Become Blue Chip NFT Project Of The Year? We have to wait.