PROOF, the mother or father firm of Moonbirds NFT, has obtained $50 million in Sequence A financing in a brand new spherical of financing led by a16z.
Different individuals on this spherical of financing had been enterprise capital corporations and traders akin to Seven SevenSix, True Ventures, Collab+Forex, Flamingo DAO, SV Angel, and Vayner Fund.
The corporate, a Web3 media startup led by well-known investor Kevin Rose, began out as a podcast.
PROOF Collective was established in December final 12 months, a non-public neighborhood of 1000’s of individuals with NFT as the edge.
PROOF introduced that it’s making a decentralized autonomous group Moonbirds DAO and the third NFT collection Moonbirds Mythics (deliberate to launch in early 2023), which is a 20,000 PFP (file image) assortment.
The Moonbirds DAO will oversee the licensing of the corporate’s Moonbirds NFT model and deploy capital to tasks that advance Moonbirds’ mission by granting trademark rights.
The Moonbirds NFT collection launched by PROOF has generated $446 million value of transaction quantity to this point.
Proof additionally revealed that the PROOF Web3 social platform can be coming quickly, and the beta will allow PROOF creators, and holders of Moonbirds and Oddities to create galleries curated by collectors. The platform will combine content material and actions particular to the PROOF ecosystem, together with analysis stories, podcasts, DAO proposals, and extra.
“It is nice to have this vote of confidence from a few of the most revered traders in Web3, in addition to capital to maintain delivering nice services and products as we mature this enterprise over the long run,” stated Proof CEO Kevin Ross.
PROOF additionally revealed that extra particulars on early plans for the PROOF token will probably be introduced in 2023.
In April, PROOF raised $10 million from Alexis Ohanian’s enterprise capital agency Seven Seven Six.
Picture supply: Shutterstock
