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  • 👀👀What is Happening with the Moonbirds Floor Price?

👀👀What is Happening with the Moonbirds Floor Price?

Good evening (because it's always evening somewhere!). You're reading "To The Moon," the only newsletter busy birdspotting. So, let us take you on a journey of pain and pleasure to see what's been happening in the NFT space on March 13th.

Got feedback for us? Great, don't keep us in the dark! Send all of your thoughts to [email protected].

  • What is Happening with the Moonbirds Floor Price?

  • Beeple Studios Opening Held on Anniversary of ‘Everydays’ Sale

  • Deep Dive Feature 👀

  • Half Moons 🌗 - Daily tidbits

  • NFTevening's Shooting Star 🌠 - Our artist of the day

  • Dark Side of The Meme 🌚 - your daily dose of NFT laughter

To the Moon index

What is Happening with the Moonbirds Floor Price?

There was panic in the owl's nest, anon. The Moonbirds NFT collection experienced a tumultuous weekend as its floor price hit a low of 4 ETH on Saturday. This was due to Proof, the parent collection, announcing that a portion of their treasury was held at the now-defunct Silicon Valley Bank.

Whoopsie!

The Moonbirds community demanded more transparency on the potentially lost amount, causing investors panic. Additionally, unusual market activity caused by Blur farming further worsened the situation. One whale had been mass-bidding on Moonbirds last week to farm the upcoming Blur airdrop. This person artificially inflated the price of the collection over 6 eth by accumulating 499 Moonbirds.

After the SVB announcement, the trader began dumping their entire collection to bids as low as 3.94 weth on Saturday. By the end of the weekend, the Blur farmer had sold their last Moonbird and suffered about 700 eth in trading losses in the process.

However, the project received a lifeline when Kevin Rose, CEO of Proof, announced that less than 50% of their treasury was held in SVB. Phew! We thought this was the end of it all. CC0 Included.

The community then rallied behind the project, resulting in a rebound in floor price. Moonbirds' leaders promised to focus on art and scrapped their metaverse art gallery project, Highrise.

Beeple Studios Opening Held on Anniversary of ‘Everydays’ Sale

Two years ago, on March 11th 2021, Beeple's artwork Everydays: The First 5,000 Days (2021) sold for $69.3 million. Now, two years later, artist Beeple has opened his very own Beeple Studios.

Beeple chose to locate his new studio in the city where he lives with his family and creates his works. The 50,000 square meter space in Charleston, South Carolina, boasts a 13,000 square meter exhibition gallery, workspaces for artists, and an experience space, all designed to be used by the community.

To celebrate the grand opening, Beeple pulled out all the stops. He even managed to get Mark Zuckerberg and Andy Warhol to attend (who knew that Beeple could raise people from the dead!?).

And just to flex on artists everywhere, Beeple created 51 new artworks over the course of one hour.

**fake Zuck and Warhol, of course

Ever the artist, Beeple is determined to share his success by helping other artists gain visibility, putting Charleston on the map as a hub for digital and NFT artists.

So if you're an artist looking for a bit of exposure, or just a fan of digital art, head on down to Beeple Studios and see what all the fuss is about. Who knows? You might even run into Elon Musk while you're there.

Deep Dive Feature 👀

Possible Immutable X Market Manipulation: A Report By GA Meta

Here's a shocker. Immutable X, a platform for NFT collections, has been accused of inflating trading volumes of some games, particularly top sellers Gods Unchained, Illuvium, and Blocklords.

YouTubers Grand Angle Meta (GAM) revealed possible market manipulation in their digital marketplace, stating that trading volumes of some games are artificially inflated. For example, The team observed thousands of hourly trades on Gods Unchained, but it did not add to the weekly $3m sales volume figure.

They also discovered that IMX transactions are super expensive on each of these gaming platforms, running up to $400, whereas the same items in USDC only cost a few dollars.

The report states that automated accounts are linked to (and transacting with) one another as they continuously exchange cards to inflate the price and redeem IMX token rewards to exchange for money.

Et Tu, Immutable?

Half Moons 🌓

  • What is Ethereum’s ERC-4337 and What Does it Mean for NFTs?[NFTEvening]

  • Mutant Hounds NFT Reveal New Pup and Explore Hideout![NFTEvening]

  • Royce 5'9” Commits to Web3 with ‘The Heaven Experience’ [NFTEvening]

  • Metaverse Clothing Brand DRx Launches Streetwear-Inspired AR Collection [NFTEvening]

  • Jungle Secures $6 Million Seed Funding to Bring Web3 Games to Market [NFTEvening]

Shooting Star 🌠

David Demaret, also known as Moonchild, is a digital human 2D and 3D artist living in Paris, France. For more than 30 years, he’s been transporting people into active scenes of various imaginary universes. David’s passion for illustration started as a kid while reading an artbook from Chriss Foss, the sci-fi illustration artist of the Foundation Cycle by Isaac Asimov.

Also a passionate board gamer and RPG player, David now illustrates fantasy and sci-fi books & games. His work was featured in famous video games such as Duke Nukem 3D, Alone in the Dark, Lord of the Rings, Driver, Counterstrike, King Kong, Star Trek and Legacy of Kain.

He’s a featured artist of NFT.NYC 2023. Follow him via @DaveDemaret on Twitter.

You can find his NFTs on Solsea, Kreatr.co & soon on Ethereum (March 14th), via the @faerian_art gallery.

Featured Art:

I, Mother Earth

Who's next!? Respond to this email with your artwork and a brief description of yourself for a chance to be featured in our newsletter!

Dark Side of the Meme 🌚

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