Moonbirds next move could be MASSIVE

I hope everyone is having a fantastic morning; I got to sleep in!

I had a fantastic talk with @livingwithwill via his daily Twitter space yesterday. As a result, I've done nothing but think all damn day about starting my own weekly space.

I'd love to know your opinion and what you think👇

Now, on to the news!

- Hunter Maier

🦉 Moonbirds receives $10M in funding?

📉 The bears have responded...

🏠 On-chain DeFi mortgages are here!

• Moonbirds - Floor Price: 27.9 ETH

• VeeFriends Series 2 - Floor Price: .81 ETH

• Meebits - Floor Price: 7.25 ETH

• Okay Bears - Floor Price: 39.87 SOL

Moonbirds currently sits at 27.9 ETH floor, with 117.9K traded volume.

After potentially having the most successful 10K PFP NFT launch, Moonbirds just announced that it received $10M in funding from venture capital firm, Seven Seven Six. Not to mention, Kevin Rose's (the project's founder) venture capital firm, True Ventures, has also contributed to funding; the exact amount Rose contributed is unknown.

Which begs the question...why?

At first, I was in disbelief that an NFT project of this caliber and success needed funding; the creator fee alone netted the team at Moonbirds upwards of $30M.

After some thought, it began to make a little more sense. Despite the project's success, if anyone knows what they're doing, it's Rose. After being intertwined with the venture capital for some time, it's safe to assume he knows a thing or two.

Nevertheless, a little extra capital never hurt anybody!

What could Rose be doing to cost the team at Moonbirds $10M+?

Wow, I can't seem to get things right! Whenever I cover bullish news, the coin tanks, and vice versa!

Yesterday, Bitcoin price action saw nothing but freefall as the demand zone did not hold as anticipated. A reversal may be imminent, indicated by the long hammer wicks and double bottom pattern at the $38,000 level.

Other notable coins currently look eerily similar to Bitcoin's price action.

Where do you think we're from here?

Yesterday, the first-ever on-chain uncollateralized mortgage loan was made on Teller's DeFi lending protocol.

"We're excited to help our partners unveil the first DeFi-native crypto mortgage in Texas and usher in this new era of mortgage lending and borrowing. USDC.Homes empowers potential home buyers to leverage their digital asset holdings to access a mortgage, opening up the doors for crypto-natives that have historically been locked out of the traditional mortgage lending process. This innovative mortgage loan market, built on the Teller protocol, integrates a mainstream user experience with the digital asset backend infrastructure of DeFi" - said Ryan Berkun, Teller's Founder and CEO.

The house is located in Austin, Texas; the new owner took out a $500,000 USDC mortgage on a condo valued at $680,000.

You may be asking, why a crypto mortgage over any normal one? Here's why!

You can...

• stake your down payment, offset your monthly payments.

• avoid a tax loss (for those with large amounts of crypto).

• use crypto as collateral

• rates as low as 5.5%

Find out more via the Teller's official medium here!

Talk about mainstream adoption!

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Nothing mentioned in this newsletter is financial advice, we are NOT financial advisors. NFToday was created with the intent to entertain those who choose to read and be a part of the community!