Proof Raises $50M in Latest Funding Round

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Posted September 1st 2022
Proof Raises $50M in Latest Funding Round

The parent company of Proof Collective NFT membership club and Moonbirds NFT collection, PROOF, made several announcements regarding its funding of $50 Million, NFT plans, and Plot tokens during the Future Proof streaming presentation.

Kevin Rose’s PROOF, announced the raising of $50 million in its Series A funding round led by VC giant Andreessen Horowitz.

Written by Ritu Lavania of
The Crypto Times

In a press release, Proof CEO Kevin Rose said that the company was happy to have gotten so much support and planned to continue delivering great products and services. One of these products will be Moonbirds Mythics, the third release from the Moonbirds NFT collection, which was announced along with the funding.

This will release will consist of 20,000 profile picture NFTs and will be released in early 2023. Ahead of its rollout, Proof has announced that its licensing and IP will be handled by a decentralized autonomous organization called Moonbirds DAO. Finally, Proof will be expanding its ecosystem with the launch of both a social media platform and a native token to further connect users. 

Using these, more insights will be gotten into user behaviour and given how successful the collection has been this year, there will be quite a bit to report.

When we do something it should be uniquely our own, with real utility, something that will push what’s possible in new and exciting directions,” says Rose.

Written by Tokoni Uti of
NFTPlazas

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