Moonbirds NFT Abandons CCO, Announces Metaverse Project and Sees 30% Price Surge
Moonbirds, a prominent Ethereum-based NFT project, has decided to retract its Creative Commons (CC0) copyright policy, previously allowing unrestricted commercial use, to reclaim exclusive commercial rights. This shift accompanies the announcement of establishing the ’Moonbirds Universe,’ aiming to integrate new artistic styles and 3D avatars for various applications including animations and other NFT projects. Following these developments, the floor price of Moonbirds experienced a significant increase, rising by 29.69% in 24 hours and by 52.3% over the week, signaling strong market response.
Bullish
The abandonment of the CCO policy by Moonbirds and the announcement of a more controlled and exclusive commercial strategy, coupled with the development of the Moonbirds Universe, align well with bullish sentiments in the cryptocurrency market. Similar events in the past, where projects announced significant shifts towards more exclusive rights or expanded project scopes, typically resulted in positive market reactions and an increase in trading volumes. The observed price surge of Moonbirds’ NFTs is a testament to the immediate market optimism surrounding these announcements. Such developments could foster a heightened sense of value and scarcity, potentially leading to increased investment interest in the short term and sustained engagement over the long term.