Kevin Rose Talks About Moonbirds – Claims Running The NFT Project Made Him Sick

Updated: 29 December 2023

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Kevin Rose, a serial entrepreneur and web3 technology investor, has appeared before the camera to explain more about his struggling Moonbirds non-fungible token collection, which has plunged in the past couple of months. Moonbirds has plummeted more than 90% from its all-time floor price.

Kevin Rose Talks About Moonbirds NFTs

In an exclusive interview on December 28, crypto investor Kevin Rose shared some of the challenges he has undergone during his leadership at Moonbirds NFT collection. Moonbirds is one of the NFT collections brutally hit by the extended crypto winter.

Running @moonbirds gave @kevinrose Anxiety, IBS, High Blood Pressure, Brain Aneurysm and drove him to Ketamine

(source: @tferriss podcast) pic.twitter.com/OmzX8HBJt9

— Robin Dubs.eth (@CryptoApe101) December 28, 2023

Launched in April 2022, Moonbirds is a non-fungible token collection from the digital asset firm Proof Collective that features a limited edition of 10,000 cute owl birds hosted on the Ethereum blockchain network. The NFT collection was created by Kevin Rose and his fellow digital artist and PROOF co-founder Justin Mezzell.

During the launch, Kevin Rose and his team reserved 2,000 Moonbirds NFTs for 1,000 Proof Collective members; each token ultimately yielded two free NFTs for its owner. This was a good deal to the few Collective members that owned more than one Proof membership pass NFT. A supply of 7,875 NFTs was released to the general public via a whitelist.

Moonbirds Made Kevin Rose Depressed

Since its inception, Moonbirds has suffered one of the most brutal comedowns in crypto history. The NFT collection has seen its floor price plummet from 38.5 ETH in April 2022 to just 1.26 ETH in December 2023. Furthermore, its daily trading volume has dropped from around 16,787 ETH to less than 500 ETH.

Source: Coingecko.com, Moonbirds NFT trading activity in the past 1 year

Kevin Rose’s Moonbirds is not the only NFT project that has suffered from the recent extended crypto market winter. In September, a study from DappGambl revealed that 95% of total NFT collections tallied were nearly worthless. Data analysis found that 69,795 out of the 73,257 NFT collections had seen their market capitalization dropping to nearly zero Ether.

During the interview, Kevin Rose noted that Moonbirds’ prolonged poor performance had made him develop complications, including high blood pressure, Anxiety, brain Aneurysm and drove him to Ketamine. Rose also tested Irritable bowel syndrome (IBS), a common condition that affects the digestive system. The disorder might be brought by stress.

In the meantime, Moonbirds is still down despite the recent resurgence of Ethereum, Solana and Bitcoin digital collectibles. According to CryptoSlam.io, an on-chain data aggregator, Moonbirds is down 65% in sales volume. In the past 24 hours, Moonbirds has just attracted a trading sales volume of $87,476.