Moonbirds NFT Floor Price Rises Following Yuga Labs' Acquisition of Proof Development Team

According to BlockBeats, the floor price of Moonbirds NFTs experienced a surge and subsequent decline on February 17th, following the news of Yuga Labs acquiring the Moonbirds development team, Proof. The current price stands at 1.77 ETH, with a 24-hour increase of 19.59% and a weekly increase of 60.91%. Yuga Labs, the creator of the popular Bored Ape Yacht Club NFT collection, has expanded its team by acquiring Proof, the development team behind Moonbirds. This acquisition has had a significant impact on the Moonbirds NFT market, causing the floor price to rise sharply before settling back down. The Moonbirds NFT project is expected to benefit from the expertise and resources provided by Yuga Labs, potentially leading to further growth and development in the future. The acquisition also highlights the increasing interest and investment in the NFT space by established players in the industry.