Moonbirds, a prestigious NFT project, formally announced they had signed a partnership with renowned entertainment company United Talent Agency (UTA) to grow their brand internationally. Kevin Rose, the founding father of PROOF, tweeted about the collaboration at the beginning of the week.
What does Bluechip NFT Project mean?
Blue chip NFTs are long-term investments anticipated to be stable in value and profitability. Blue chip NFTs share several traits in common, including a comparatively high floor price, brand recognition, promotional events, team cohesion, and practical applicability. Blue-chip NFTs usually involve Crypto Punks, ENS or Ethereum Name Service, Bored Ape Yacht Club, and Mutant Ape Yacht Club.
In February 2022, initial investors Justin Mezzell, Of Twitter and Facebook, founded the NFT-focused business. The company’s catalogue also includes the Proof Collective and Oddities NFT collections.
When declaring this step on Twitter on January 6, Rose hinted that the deal’s objective was to make the Moonbirds name more well-known generally rather than just as a major player in the Web3 industry.
Before examining who constitutes a blue chip NFT Project, it is important to understand what NFTs are and how they are appreciated.
NFTs is the abbreviation for Non-fungible Tokens. NFTs, or non-fungible tokens, are blockchain network distinct tokens associated with the physical and virtual subject matter and serve as evidence of possession, validity, or group affiliation. NFTs enable participants to genuinely possess the distinctive virtual currencies they buy in video games.
Introduction to Moonbirds
Moonbirds have a special Pay – for – performance system that makes it possible to keep individuals locked up and nests without trying to take anything out of your pocket. Your Moonbird will start gaining more advantages as soon as it is enclosed. You would see the Moonbird achieve new grade levels, improving their enclosure as cumulative embedded time increases. Enclosure upgrades allow for better falls and benefits.
Moonburds is the initiative of PROOF, the organization behind the Grails & PROOF Collaborative. Its upcoming endeavour, Highrise, is a centred and original approach to the metaverse. Its offerings include licences and permits, promotion, strategic planning, enterprise financial investment for businesses, cinematic packaging and investment, and brand building. UTA also has workplaces in Chicago, Atlanta, London, Malmö, Nashville, Miami, New York, and Beverly Hills. More than 1400 people work for UTA globally.
The metaverse is becoming increasingly crowded, but it holds great promise for congregation and connectedness when properly constructed. The PROOF-constructed virtual world would then represent a significant improvement over the current “never-ending” globe, which resembles a virtual wasteland. Like an owner of embedded Moonbirds, you’ll get the first dibs on ours because it’s so distinctive. The Moonbirds mint is where it all starts.
United Talent Agency
A worldwide talent organization, United Talent Agency (UTA) is rooted in Beverly Hills, California. It was founded in 1991 & incorporates experts from the entertainment world, including performers. The industry employs about 1,400 people worldwide as of 2021. Among several other things, UTA has segments dedicated to communicating, branding, creative arts, media coverage, transmitting, virtual, sporting events, entertainment, journals, and online games. The organization also runs the non-profit UTA Platform.
Along with releasing music, film, video games, television, and digital media, UTA is a commercial organization that represents skill in these fields. Including about 300 officials depicting directors, cast members, writers, producers, recording artists, and other specialists, it’s among the world’s largest and most important organizations.
The business is run like a collaboration.
Jim Berkus, one of the company’s co-founders, is the chairman, and Peter Benedek is a director. The CEO is Jeremy Zimmer, who is also one of the co-founders. President David Kramer is in charge.
The United Talent Agency, or UTA, is a high-ranking global agency in Hollywood. Kevin Rose, the CEO of PROOF (the parent company of Moonbirds), stated that this collaboration would help the company expand globally. He revealed that the company expects to develop itself beyond the present Web3 technologies. UTA is very popular and has specialization in TV, films, music, sports, video games, books, licensing & branding, speaking, fine arts, marketing, broadcasting, and much more. The motto behind signing the NFT project by UTA is that it wants to develop itself into Web3 technology. The NFT Project includes dead fellas, crypto crooks, and other components under the vigilance of Lesli Silverman, who leads Web3.
Compared to several other agencies, UTA will assist in evaluating the NFT marketing strategy, collaborations, and execution. These collaborations will also present chances in a range of movie industries. He also said that Moonbirds would appear in large markets and bring new consumers because of this partnership. Finally, he officially announced the partnership via Twitter.
Results of partnership
Moonbirds is an Ethereum-based project initiated in April 2022 & made up of approximately 10,000 8-bit Avatars. Roughly 619.5 dollars were produced by it in its secondary market sales. It is the 11th highest sold accumulation of NFT markets.
Moonbirds’ 24-hour volume of sales has decreased by a staggering 57.86% amidst the supposedly overly optimistic UTA announcement, with $442,747 esteem of Moonbirds NFT Project signing a deal during that time.
Moreover, across seven days, trading volume is still up by 63.74%. The action taken by Moonbirds is in line with other well-known NFT players who are also seeking Hollywood deals. The pioneers of CryptoPunks, Larva Labs, signed a contract with UTA in September 2021 to demonstrate the company’s intellectual property in licensing, TV, video games, film, and publishing.
It is a type of NFT or non-fungible token with a potential market value of thousands of dollars. The 10,000 “punks” each consist of a 24-by-24-pixel image, a novel method of capital blockchain. “Punks” are considered an art form and have been sold at the auction houses Sotheby’s and Christie’s, as well as by individual owners. Just a few factors distinguish CryptoPunks as an endeavour from others. This is one of the oldest NFT initiatives on the Ethereum blockchain. It began months before CryptoKitties, a well-known cat-spawning blockchain game/NFT venture, was launched. Its revenue comes from being one of the pioneering initiatives of its kind.
Incorporated in August 2021, Deadfellas is a grouping of 10,000 zombie NFTs that resides on the Ethereum blockchain. The inspiration for the Deadfellas creation proposal was a passion for anguish as well as a strong desire to close the sexual identity gap in existing various blockchain virtual 3d projects.
A solitary, shareable, interactive, enduring, three-dimensional virtual space in which people can enjoy life in so many ways in those that couldn’t in the actual world is what many in the tech world call the “metaverse.”
The recent surge in prominence could be widely attributed to Facebook’s October 2021 decision to change its name to “Meta.” The online community mentioned proposals to devote $1 trillion to the metaverse in only one year and complete transformation within the following five years.
Gavin Wood, a founder of Ethereum, came up with the concept of “Web 3.0” soon after Ethereum was introduced in 2014. Gavin articulated a remedy to a concern shared by several initial cryptocurrency implementers: the Web demanded too much trust. In other words, most of the Web that people currently understand and use depends on their faith in a select group of private organizations to function in the consumer’s long-term interests.
Ape yacht club
The Bored Ape Yacht Club, created by Yuga Labs, is a collection of 10,000 profile pictures created as NFTs and placed on the Ethereum blockchain. Collectors of the Bored Ape have a drawing of an uninterested-appearing gorilla with arbitrary characteristics and equipment. There are variations among each picture.
Purchasing a Bored Ape Yacht Club NFT offers access to the fictitious “club,” and affiliation has advantages. As per information from CryptoSlam, Bored Ape NFTs produced over $0.75 billion in transaction volume by January 2022, including successive variations sets. Musicians, Athletes, and others started choosing Bored Apes as their Twitter NFT avatar.
CryptoKitties are NFTs developed by Dapper Labs that were originally constructed using the Blockchain network ERC721 token criterion. Tokens on blockchain systems used to be previously exchangeable or easily replaceable; Bitcoin or Ethereum token has to be the same as any other. This changed with the introduction of ERC721. ERC721 made it possible to create one-of-a-kind NFTs.
The virtual genetic code of everyone CryptoKitty is preserved in a consensus mechanism, making it unique. Its physical characteristics, or traits, are determined by the eternal genetics preserved in the blockchain network. A proposed algorithm can also breed certain CryptoKitties, and the result is a descendant of a particular characteristic.
As a result of the collaboration between PROOF brand marketing and UTA, the Moonbirds company will benefit from the leadership execution of collaborations expansion by a committed, seasoned squad of experts. Although no official schedules or information has been given, the two are planning collaborative partnerships for 2023.
Moonbirds’ popularity in the NFT market has decreased somewhat after switching towards fewer CC0 licences; at the time of writing, their price had dropped from a ground of around 20 ETH to 10 ETH. What kinds of collaborations or authorizations PROOF will successfully obtain through a well-known company is still not transparent.
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Frequently Asked Questions(FAQs)
- What are the advantages of this collaboration?
Ans: This partnership will benefit Moonbirds company by getting a bigger market & variety of customers, enhancing its brand image and consumer engagement.
- What is the main work of Moonbirds?
Ans: The bitmap processing system offers purchasers a variety of alluring rewards. A receiver’s ability to control a Moonbird NFT Project is such a special reward. Despite not being “trapped” down together in the vault, this technically makes the NFT Project unsellable.
- What is the role of UTA?
Ans: UTA refers to the United Talent Agency. One of the top philosophical and expert organizations film industry, UTA represents several well-known people worldwide across all genres of amusement, potent, and ing.