New plans emerge for Kevin Rose and his moonbirds franchise
Web3 startup Proof, the firm known for its valuable Moonbirds NFT collection and headed by Kevin Rose has recently raised $50M. During its Future Proof streaming presentation the company made a lot of announcements about the future and plans for new NFT intitiatives , plans for a token, and their sizable funding.
The company announced a $50 million in funding reached by a Series A funding round that was led by VC giant Andreessen Horowitz. This all comes after another substantial $10 million seed round headed by Seven Seven Six.
This recent Series A was also participated by Seven Seven Six as well as True Ventures, Flamingo DAO, Collab + Currency, SV Angel, and VaynerFund which is headed by Gary Vaynerchuck.
Rose also spoke on the fact that Proof is developing a utility token for its community. He stated that creating a token for the community comes with technological and legal issues that have to be tackled. The token is planned for Q1 2023. According to Rose the token needs to have a real uniquely owned utility and something that pushes what’s possible in new and exciting directions.
The new Moonbirds project will be called Moonbirds Mythics and will be a collection of 20,000 launching in early 2023. This will be the third NFT pfp project by the company. The new collection will not be a pixel art collection but instead will be hand drawn.Owners of Moonbirds will be able to stake or “nest” the NFT to receive a Mythics NFT as a reward.
Moonbirds have been one of the most valuable NFT collections on the Ethereum chain generating more than $588 million worth of secondary sales since its launch in April. The Moonbirds will be put entirely on-chain so that the smart contract of the project doesn’t call to any external servers.
More information about the project can be found by viewing the video above