Facts:
- Proof floor is 80 ETH
- Moonbird floor is 28.9 ETH
Plan:
If we list/sell three moonbirds around floor that should be ~82 ETH excluding royalties. After all three birds sell we use this capital to put bids on proof pass and acquire.
Reason:
- I think MBs have been well hyped recently and Proof is likely to reward the collective soon.
- They have heard the sentiment from the Proof Collective and I expect announcements in August will pump the proof pass price again.
- I think the proof pass will get more than 3x better returns on the future of the ecosystem compared to moonbirds.
- Our portfolio currently has 18 moonbirds and 4 proof passes, meaning that we have more than double our capital in moonbirds as we do proof passes so I would like to even it out some.
- We could get this done in time to get an extra grails mint from the new proof pass.