Labubu has been on a roll since last year, setting new records in market capitalization, price appreciation, and market attention. For NFT and IP projects, this is undoubtedly a strong boost and has brought unprecedented market expectations to the entire Web3 cultural ecosystem.

Meanwhile, there is another major move in the industry. The well-known NFT project Moonbirds announced the upcoming launch of its native token Birb, which is widely believed to further unlock the value potential of the NFT ecosystem. This series of actions indicates that the tokenization trend of NFT projects is accelerating and injecting new vitality into the crypto asset market.