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Moonbirds to Store NFT Art, Raises $50 Million in Series A Funding

Picture Source: Internet

As Cointelegraph reported, PROOF, the private community that created the Moonbirds NFT collection, has announced that it will move its blue-chip collection completely “on-chain,” enabling images to be stored entirely in the underlying smart contract.


As reported by Cointelegraph, PROOF Product Director Harri Thomas explained the new strategy in a community Livestream titled “Future PROOF” on August 30. This means that the visible image of Moonbird NFTs in the future will be “the contract itself is a work of art. In the layer that will be stored on the blockchain,” he said.


The first official Moonbirds collection expansion, Moonbird Mythics, was also announced during the Livestream. It is scheduled to debut in early 2023. The organization’s third NFT Profile Picture (PFP) programme, the series, will include 20,000 NFTs. Cointelegraph notes that venture capital firm Andreessen Horowitz (a16z) recently led a $50 million proof-of-series A round with Seven Seven Six, True Ventures, Collab+Currency, Flamingo DAO, SV Angel, and VaynerFund.


According to Open Sea data, Moonbirds currently holds the No. 1 spot on the 24-hour chart with a floor price of 13.8 ETH ($21,445 at current exchange rates) and No. 7 in total trading volume of over 169,000 ETH (ETH).

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