Well this was fun. Certainly much more abstract than most of the other entries I've looked at thus far, but it's definitely a neat art piece. Going to go through the criteria in slightly different order since I think this project really emphasized certain elements over others.
Spoilers therein.
Implementation of Theme:
Take your pick. The literal moonlight for someone locked up in a prison of some kind; the white wolf that the prince meets at night; the ivory gates of the city that the wolf leads him to. Can't fault this one for hitting the light in the dark requirement. A few times over at that.
Presentation:
Gorgeous in its simplicity. Practically a clinic in how to do a kinetic novel with minimalistic visuals. Only complaint I had was that the font you chose kind of blended some letters into the periods. This was more of an issue in the beginning, but not too big of a deal once I got used to it.
Story:
This is where the VN trips up a little bit for me as I felt this project was heavily style over substance. There's a lot of room for interpretation here, which I think was the intent, but I think you could've kept your kind of ethereal aesthetic while dropping a few more breadcrumbs as to how and why the prince was there (other than other people wanting him to marry the princess; maybe a bit more about the people that he came from) so we can better empathize with how much he wants to leave at nearly any cost. Obviously being locked up in a dungeon sucks in its own right, but I think there was room to flesh out at least a few details.
Tail end of the story is also pretty vague, but based on some context clues, the mention of "ivory gates", and the tattered clothing on the shore, I'm interpreting it as the prince taking his own life. Whole story kinda gave me "Don't Fear the Reaper" vibes honestly. Whether the wolf was some kind of spiritual aspect or just a manifestation of the prince's deteriorating mind would still be unclear though.
I'm not sure the last minute switch in perspective to the princess was necessarily effective. Other than finding the scrap of clothing, I'm not sure how much it really adds. I wonder if it would be more effective to have the prince entering the gates be the final words of the VN, then fade in and out to an image of the torn cloth floating in the water or resting on the rocks before going to credits.
Creativity:
As mentioned, this project definitely took a very artistic approach to the premise, and I think that worked well. Really solid effort overall.