Introduction

What are gas fees?

Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions on the Ethereum blockchain. "Gas limit" refers to the maximum amount of gas (or energy) that you're willing to spend on a particular transaction.

What are Moonbirds NFTs

holders of Proof Collective and those lucky enough to win a raffle were able to mint Moonbirds, a collection of 10,000 NFTs from a well-established team. Holders of the original Proof Collective NFT got two free mints of Moonbirds. An additional 7,875 Moonbirds were minted by people who won a raffle Those who hold Moonbirds can also “nest,” or stake, their NFTs to “accrue additional benefits as total nested time accumulates,” its website says. This means that NFT holders can get upgrades like “enhanced drops and rewards” over time.

Methodology

• we will look at the Moonbird mint events.

• we are looking to see how many moonbirs users minted and at what price.

Moonbird Mint Metrics

Observations

• all 10,000 of the Moonbird NFT were minted.

• 9,000 of the Moonbird NFTs were minted with 2 hours of it being possible and almost all of these NFTs were minted with 5 hours of the Mint being oppen.

Observations

• About 90% of Moonbirds minted were minted by users who only mint one.

• One user minted over 100 Moonbirds.

Conclusion

• Nearly 98% of Moonbirds were minted by users who minted only 1 or 2 moonbirds

• 9,000 of the Moonbird NFTs were minted with 2 hours of it being possible and almost all of these NFTs were minted with 5 hours of the Mint being oppen.

• All of the moonbirds were minted or 2.5 ETH or None.