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How to Buy Moonbirds NFT

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How to Buy Moonbirds NFT

Want to jump straight to the answer? You need Ethereum to buy NFTs, which you can get today on Gemini.

While 2021 saw the rise of non-fungible tokens (NFTs), 2022 has seen slightly slower growth for the technology. Because of this, many new NFT projects are forced to become more creative and inventive to create successful collections. One such project is Moonbirds, a profile picture project that has greatly appreciated in value as of late. 

What Are Moonbirds NFTs?

An NFT is a way to represent ownership of digital goods on the blockchain. In the case of Moonbirds, the digital goods being represented are photos that can be used as profile pictures. Additionally, the NFTs serve as an access key to the exclusive PROOF Collective. Each NFT has a unique address stored on the blockchain. The NFT owner has a wallet associated with this unique address, allowing Moonbirds holders to verify ownership. This ability to verify ownership is important for their PROOF community.

Moonbirds NFT is a relatively new NFT project. It features 10,000 unique owls (hence the name “Moonbirds”) that each have their own distinct features. The pixelated owls can have a varying combination of feathers, headwear and beaks that make them stand out and determine the overall rarity. Some of the rarest traits are sage feathers, diamond headwear and moon eyes.

At the time of writing, the Moonbirds NFT has a floor price of 28.5 ETH, which equates to a little over $75,000. The return on investment for Moonbirds has been extremely high given that those who minted paid 2.5 ETH, or around $7,500.

Brief History of Moonbirds

Moonbirds NFT minted on April 16, 2022, for a price of 2.5 ETH. The project was released via a raffle. However, the creator, Kevin Rose reserved around 20% of the mint for members of the PROOF collective, a small 1,000-member group that is granted early access to NFTs and exclusive NFT projects.

Kevin Rose has been involved in both tech and crypto for some time. He began his career as an angel investor for huge companies such as Twitter, Facebook and Uber. More recently, he has devoted much of his time to crypto and Web 3.

The release of the Moonbirds project attracted huge attention from the media and celebrities, largely because of Rose’s huge following through social media and his podcast. The project quickly sold out and saw hundreds of millions in trading volume, and celebrities such as Jimmy Fallon invested in the project.

Perks of Holding Moonbird NFTs

The main perks of holding a Moonbirds NFT are the social capital gained from having it as a profile picture and access to the exclusive events and communities. The project was designed to be used as profile pictures, but owners gain other perks from holding a Moonbirds NFT.

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A perk of holding a Moonbird is the nesting feature. Nesting is essentially NFT staking. While your Moonbird is nested, you cannot sell it. However, you can receive rewards for nesting it for extended periods of time. The exact rewards are currently unknown, but it may be worth it if you see the project continue to appreciate in price.

Another perk is access to the PROOF collective, a small community for holders of exclusive NFTs. The first 1,000 members of the community were given free Moonbirds. The community is given access to exclusive airdrops and events, such as a conference set to happen in 2023.

How to Buy Moonbirds

Now that you understand the basics of the project, you may be interested in purchasing your own Moonbird. Here’s how in four short steps.

Step 1: Open an Online Account

1 Minute Review

Voyager is a leading name in the sphere of cryptocurrency investing, giving you access to over 50 tokens and coins. Buy, sell and swap assets using Voyager Crypto’s simple mobile platform available as a free download for iOS and Android users. 

When you invest through Voyager, you’ll pay nothing in commissions, which is a major benefit when compared to other cryptocurrency brokers. Voyager is also one of the only brokers we’ve seen that allows users to earn interest on their crypto investments. 

Though the broker could do more to improve its customer service, it’s an excellent option for beginner investors and seasoned professionals alike.

Best For

  • Cryptocurrency investors looking for a wide selection of supported projects.
  • Investors who prefer mobile trading.
  • Anyone interested in earning interest on their crypto investments.

Pros

  • Simple, straightforward and intuitive mobile platform
  • Wealth of investment opportunities
  • Allows users to earn interest on select crypto investments

Cons

  • Only available for mobile users — no desktop platform
  • Limited routes to contact customer service team
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1 Minute Review

Gemini is a cryptocurrency exchange and custodian that offers investors access to over 100 coins and tokens. Founded in the US, Gemini is expanding globally, in particular into Europe and Asia. Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x.

Gemini is 1 of the only brokers with multiple platform options based on skill level. New investors will love the streamlined interface of Gemini’s mobile and web apps, while advanced investors might appreciate all the tools that come with ActiveTrader. 

In addition to a host of platform choices, Gemini users also have access to insured hot wallets to store tokens without worrying about digital asset theft. Learn more about what Gemini can do for you in our review.

Best For

  • New investors looking for a simple mobile and web app
  • Day traders looking to use technical analysis tools
  • Users looking for a 1-stop-shop to buy, sell and store all of their cryptos

Pros

  • Easy and quick signups — can get started in as little as a 5 minutes
  • Multitude of platforms to accommodate traders of all skill levels
  • Hot wallets include insurance to protect your from theft and hacking attempts

Cons

  • Charges both a commission and a convenience fee for users buying and selling through the desktop or mobile app
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Since the Moonbirds NFT project is housed on the Ethereum blockchain, the first step in acquiring an NFT is to purchase ETH. This action can be completed on a variety of trading platforms, but Coinbase Global Inc. (NASDAQ: COIN), eToro, Webull, Gemini and Voyager are among the best. These platforms are known for their security, ease of use and low fees.

Once you have chosen a trading platform, set up an account using a password and email, provide basic personal information to verify your account and fund the account by connecting your bank.

With your funded and verified account, head over to the ETH page through the search feature. Enter in the amount of ETH to purchase and execute the trade. Your ETH will now be shown in your portfolio. 

Step 2: Buy or Download a Crypto Wallet

A wallet allows users to access decentralized finance (DeFi) applications on the blockchain. NFTs fall under this classification, so a wallet is needed to purchase an NFT. You technically only need a software wallet to purchase a Moonbird, but a hardware wallet can keep it safe once the transaction is completed.

Best Hardware Wallet: Ledger

buy now securely through Ledger Hardware Wallet’s website

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1 Minute Review

Launched in 2014, Ledger has transformed into a fast-paced, growing company developing infrastructure and security solutions for cryptocurrencies as well as blockchain applications for companies and individuals. Born in Paris, the company has since expanded to more than 130 employees in France and San Francisco.

With 1,500,000 Ledger wallets already sold in 165 countries, the company aims at securing the new disruptive class of crypto assets. Ledger has developed a distinctive operating system called BOLOS, which it integrates to a secure chip for its line of wallets. So far, Ledger takes pride in being the only market player to provide this technology.

Best For

  • ERC-20 tokens
  • All experience levels

Pros

  • Easy to set up and use
  • Supports more than 1,500 different digital assets
  • Tamper proof
  • Portable
  • Long-lasting battery
  • Bluetooth connectivity features
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Hardware wallets are physical devices that store the private keys needed to send crypto. If the physical device is not present, the funds inside the wallet are locked. Hardware wallets are often regarded as the safest way to store crypto and NFTs. 

Ledger is a brand of hardware wallet that supports all Ethereum-based NFTs. It offers Nano S and Nano X models. The Nano S offers rudimentary features while the Nano X supports ease of use with Bluetooth connectivity and a larger screen. However, you need to pair your Ledger hardware wallet with a software wallet to trade NFTs. 

Best Software Wallet: MetaMask

Software wallets store private keys online. While this is not as safe, MetaMask is a software wallet that takes extra steps to ensure security of funds.

MetaMask encrypts all information on its servers. Information is accessed through a password, which can also have two-factor authentication. You can attach a hardware wallet to your MetaMask to make your trades efficient and safe.

Step 3: Send ETH to MetaMask

Once you have ETH on a trading platform, you must send it over to your wallet. To do this, you locate your MetaMask wallet address, which is a string of 64 letters and numbers that can be found in your wallet, starting with a 0x. Copy this address and paste it into the “Send” feature on your trading platform. Enter the amount to send and execute the trade.

If you see that transaction fees are high, you can wait for a more optimal time to send your Ether to your wallet. A decent price to spend on a transaction fee is around $10, and you can usually get a better price at night or on the weekends.

Step 4: Make Your Purchase

Once you have ETH in a wallet, head to OpenSea. This NFT platform houses the Moonbirds project. Connect your wallet and locate the NFT you would like to purchase. If it has a “buy now” price, you can purchase it right then. If it has a bid, you can also bid on the NFT and wait for the seller to accept. Once the trade has executed, the NFT will be stored in your wallet. 

BZ

Bonus Section

Keep an eye out for new projects from Kevin Rose and the PROOF collective. These actions can create more hype around Moonbirds and impact the price.

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Current Crypto Prices

April 2022 will go down as one of the worst months for crypto to date. Major tokens, such as Bitcoin and Ethereum have dropped over 15% in the last 30 days, and smaller tokens have seen even larger falls.

This pullback could be caused by many things, ranging from rising interest rates to increasing COVID-19 concerns. Regardless, make sure to stay updated with current prices through Benzinga’s crypto price chart.

Is It Worth Getting a Moonbirds NFT?

As of right now, Moonbirds are extremely speculative. The high prices are mostly because of Kevin Rose’s reputation and celebrity involvement. The prices could drastically fall at any time, and investors have no guarantee that the price will go up. However, you can take advantage of multiple perks of holding the NFT that may make it appealing for some buyers. If you are looking to turn a profit, Moonbirds may not be for you. However, if you are looking for access to a community and potential airdrops in the future, then it may be worth purchasing.

Blockchain

Vietnam Launches Blockchain Association To Conduct Research And Suggest Regulations

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Vietnam Launches Blockchain Association To Conduct Research And Suggest Regulations

A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for the research and development of blockchain solutions.

Vietnam to Expand Implementation of Blockchain Technologies

Vietnam Blockchain Association, the first such entity in the country’s crypto space, was launched in the capital city Hanoi on Tuesday, when it held its first congress. The new body’s main purpose is to allow blockchain experts to join forces in promoting the development of Vietnam’s digital economy and help the Asian nation to find its place on the global tech stage.

The association will be tasked to expand relationships with similar organizations and communities around the world, Việt Nam News reported. Another key objective will be to attract investment for the country’s blockchain industry and provide training for human resources in the digital sector.

It will also be tasked to create favorable conditions for its members to share experience and resources for the research, testing, and deployment of blockchain technologies while abiding by relevant Vietnamese legislation.

According to a statement by the organization’s chairman, Hoàng Văn Huây, the Vietnam Blockchain Association is committed to raising community awareness and advising the government on the development and adoption of standards and regulations to govern the offering of blockchain-based products and services.

The decision to establish the association comes from the Ministry of Home Affairs, VNS noted. Vietnam has been focusing on researching blockchain applications which can be deployed in many industries such as finance, logistics, and retail. Vietnamese authorities have also supported the development of blockchain solutions that can bring socio-economic benefits.

The Vietnam Blockchain Association begins activities as the government in Hanoi is taking steps to create a legal framework for cryptocurrencies. As Bitcoin.com News reported in March, Vietnamese Deputy Prime Minister Le Minh Khai has instructed several ministries to work with the State Bank of Vietnam on the new framework.

Tags in this story

Blockchain, Blockchain Association, blockchain community, Blockchain development, Blockchain Industry, blockchain products, blockchain services, Crypto, Cryptocurrencies, Cryptocurrency, Regulations, Standards, Vietnam, vietnamese

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Do you expect Vietnam to dedicate more resources to blockchain development? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Metaverse

Dubai Couple Ties The Knot In The Metaverse

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Dubai Couple Ties The Knot In The Metaverse

A Dubai based couple has decided to be wed in the metaverse after legal problems stemming from their nationalities initially forced them to tie the knot in Georgia in 2019. After the wedding, the couple said they will use their own experience to help others get married in the metaverse as well.

The Metaverse After Wedding Party

After encountering legal troubles registering their marriage, Florian Ughetto, a French national residing in Dubai and his fiancee, Liz Nunez, were reportedly planning to wed in the metaverse on May 19. The couple said the decision to tie the knot in the metaverse comes nearly three years after they got married in Georgia.

According to a report by the Blockchain Group, the couple’s wedding outfits were acquired via Opensea, a non-fungible token (NFT) marketplace. The report also said 20 of the couple’s closest friends would join them via the metaverse.

Explaining the steps that the couple will take exchanging vows, the report said the soon-to-be husband and wife would go to a location in the metaverse for the after-wedding party.

Metaverse Wedding Company

As per the report, the couple got married in Georgia in 2019 after they encountered problems registering their union locally due to their nationalities.

“That is one of the reasons why we chose to fly to Georgia to register our marriage,” the report quotes Ughetto explaining.

Meanwhile, the report said the couple has since established their wedding planning company that will specialize in virtual weddings. The couple hopes to use their metaverse wedding experience as a test run.

While the final cost of the ceremony has not been revealed, the report estimates this to be over $800 or DH3,000.

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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CBC

Cyprus Drafts Crypto Rules, May Introduce Them Before EU Regulations

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Cyprus Drafts Crypto Rules, May Introduce Them Before EU Regulations

Cyprus has prepared its own legislation to regulate crypto assets and is likely to adopt it before Europe finalizes a common regulatory framework, a government official has indicated. The authorities in Nicosia welcome the “careful” use of cryptocurrencies, he added.

Government of Cyprus to Submit ‘Attractive’ Crypto Bill

Cyprus has an “enviable position” in the EU when it comes to innovation, with the second-best progress last year, according to the European Innovation Scoreboard, the country’s Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos stated at a meeting with the local fintech community. The event was devoted to digital assets, entrepreneurship and financial technology.

Commenting on the future of digital assets in Cyprus, including cryptocurrencies, the minister walked a fine line between embracing innovation and having to pay heed to laws, the Cyprus Mail wrote in a report on Thursday. Quoted by the English-language daily newspaper, Kokkinos elaborated:

I can tell you that Cyprus welcomes the use of digital and crypto assets, but we still need to be very careful and respect not only the regulations currently in place but also the absence of any regulations.

The government representative gave an example with Malta, the regulatory framework of witch attracted many crypto companies and investors but also led to increased scrutiny and investigations into some of its companies and banking institutions. “We have to be careful of the frameworks of the European Union since we are a member state,” Kokkinos emphasized.

The deputy minister then revealed that the Cyprus government has already drafted a “very attractive bill on crypto assets.” The legislation has been published and interested parties can review it, he pointed out. The executive power has also commissioned a New York-based firm to assist the island nation with the implementation of the regulations.

“Our challenge is not being aligned with the EU, it’s about the dilemma of whether to wait for the ECB to finalize their own regulatory framework or do we go alone on our own, with the former scenario also involving the possibility of that framework being overregulated,” Kyriacos Kokkinos remarked. “My answer is that we will go at it alone while respecting the rules,” he added.

The deputy minister acknowledged that certain challenges exist, including some disagreements between the government and the Central Bank of Cyprus (CBC). “We must remember that the CBC is subject to the ECB and central banks tend to be conservative, so our job is to challenge them through the debates we are having with them,” he told the audience at the event which took place in Larnaca.

Tags in this story

CBC, Central Bank, Crypto, crypto assets, Cryptocurrencies, Cryptocurrency, Cyprus, deputy minister, ECB, EU, European Union, Fintech, Government, innovations, legal framework, Regulation, Regulations, rules

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Do you expect Cyprus to introduce crypto regulations before the European Union? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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