The Sandbox metaverse project has purchased an unexchangeable token from the Moonbirds NFT collection for 350 ETH (over $1M at the time of writing).

👋 GM to MoonBird #2642 🦉

we this rare @moonbirds_xyz NFT for 350 ETH and will display it alongside 100s of NFTs and @TheSandboxGame Open Metaverse; Growing NFT culture as more than 500 NFTs will be part of our collection with BAYC #3749 and WOW #6025 😍 pic.twitter.com/jb4KwYK2Hh

— Sandbox (@TheSandboxGame) 23 April 2022

The vendor has listed Moonbird #2642 on the OpenSea market under the alias oscuranft. He bought this NFT for 100 ETH on April 17.

Moonbirds is a collection of 10,000 owl avatars launched by Proof on April 16. The latter was founded by Kevin Rose, a partner of True Ventures.

According to The Block Research, in about a week, cumulative sales of NFT Moonbirds reached almost $360 million. Analyst Thomas Bialek attributed this to Rose’s support, the success of the previous Proof Collective project, and the behavior of collectors starting to pick the non-existent. -fungible tokens “have a successful track record.”

According to OpenSea, the current minimum price of a coin from the Moonbirds collection is 33.3 ETH. NFT printing cost for proof was 2.5 ETH per unit.

Earlier, Nassim Taleb, philosopher and author of his cult piece “The Black Swan,” admitted that amid tightening, the immutable token market will explode. fed Money Politics.

Recall that in April, the media learned of The Sandbox’s plans to close a $400 million funding round. The company’s valuation may exceed $4 billion.