MoonPets Rockets Into Orbit: Team Member Talks About Nearly Sold-Out NFT Collection’s Dynamic Traits, Future Utility
With MoonPets on the verge of selling out, Forest from the MoonPets team shares his thoughts on the hype and what the project will bring going forward.
MoonPets Soars on BNB Chain
Moonpets NFT collection has taken the BNB Chain Non-Fungible Token (NFT) ecosystem by surprise as they are nearing a sell-out within two weeks of launch.
“The hype comes down to amazing art and an innovative product. Cecy Meade is the best generative artist we’ve seen, so we knew having her onboard would bring a lot of attention,” Forest, a core team member at Moonpets NFT, told BSC News. “Besides her amazing art, we’ve got the first Dynamic NFT collection on BNBChain!”
What’s a dynamic NFT collection? Skol explains in a Twitter Thread:
“It is basically 11 NFTs in one. Each trait will soon be interchangeable between all your #pets. For now, just accessories. So I can take off the crown on my gold pet and put it on any of my #pets,” Skol said.
The Moonpets team launched their NFT collection on Aug. 11, featuring a variety of pets with various gear such as glasses, caps, collars, and other accessories created by Cecy Meade. Regarding the utilities, Forest stated:
“We’re redefining what NFT projects are all about. We don’t want to excite any fake utility to our community members, so we put our heads down to work hard. Yes, there will be airdrops, whitelist opportunities, and maybe even staking, but all of this and more will be announced when the time is right!”
It appears that the community is excited about owning the NFTs:
“The MoonPets community is full of trailblazers who want to be the first to try cutting-edge technology. Clearly, they love the art and the tech. You can see it in the collection's volume,” Forest told BSC News.
At the time of writing, out of 5565 mintable pieces, 5466 NFTs are already minted. With a total volume trade of 858.5 BNB, the current floor price stands at 0.2 BNB, according to NFTKey. Forest shed more light on how the project will proceed in the coming days:
“We would also like to add that, in a way, the dynamic aspects and the interaction with the NFT is a utility in itself. However, we do have plans for wider adoption, especially outside of crypto, because of other use cases we will introduce steadily when ready. Many of them will be first of its kind features, as our research indicates none currently exist in the marketplace.”
Learn more about MoonPets in this article by Utulu Hope from BSC News.
What Is MoonPets:
MoonPets is a new NFT collection on BNB Chain. The protocol already launched Moon Passes in space. These Moon Passes give users safe passage to obtain the NFT collection when they go live.
Visit the following pages to learn more about MoonPets:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
Prisma Finance Reportedly Hit by $9M Hack: What to Know
Prisma Finance paused its protocol operations for investigation and advised vault owners to disable delegate approval.
Reports have emerged indicating that DeFi platform Prisma Finance, fell victim to a hacking attack amounting to approximately $9 million. Cyvers, a web3 security platform, raised the alert after it detected suspicious transactions linked to the breach.
🚨UPDATE🚨Our system has detected multiple suspicious transactions with @PrismaFi and still ongoing!
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) March 28, 2024
Total loss so far is around $9M. Attacker has funded by @FixedFloat!
Our system has detected the malicious contract 2 min earlier than hack transactions!👇
Our system would… https://t.co/9myoV8DL22 pic.twitter.com/SxT5yYZy7U
Initial estimates suggest a loss of $9 million, with the attacker reportedly utilizing funds from the crypto exchange FixedFloat.
Backing up Cyvers' findings, blockchain security firm PeckShield has confirmed the attack, providing details on the assets targeted by the hacker. Among the stolen assets are Prisma mkUSD and wrapped stETH.
In response to the breach, Prisma Finance issued a statement on X acknowledging the potential exploit. The project reportedly halted its protocol operations to conduct a thorough investigation into the incident.
Additionally, Prisma Finance advised vault owners to disable delegate approval as a precautionary measure.
We are aware of a possible exploit on Prisma.
— Prisma Finance (@PrismaFi) March 28, 2024
Core engineering contributors will pause the protocol and investigate.
We'll share an update and a post-mortem.
From DeFi Future to Security Concerns
Prisma Finance was initially hailed as the future of decentralized finance (DeFi), offering solutions in the form of a new LSTFi protocol. It enabled users to mint a fully collateralized non-custodial and decentralized stablecoin, mkUSD, using Ethereum liquid staking tokens (LSTs) as collateral.
However, the recent exploit paints a stark contrast to the platform's previous reputation, raising concerns regarding cybersecurity in the DeFi space.
Rising Trends in Crypto Hacks
The hack on Prisma Finance adds to a concerning trend in the cryptocurrency space. According to a Feb. 29 report by blockchain security firm Immunefi, over $200 million worth of cryptocurrency was lost to hacks and rug pulls last February, across 32 individual incidents.
This represents a 15.4% increase compared to the same period in 2023. Ethereum remains the most targeted blockchain, with 12 attacks accounting for over 85% of the total value lost in February.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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