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Proof Raises $50M in Recent Funding Round – NFT Plaza

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Proof, an NFT conglomerate, has announced that it has successfully raised $50 million in a Series A funding round. The round saw participation from companies such as Ventures and Collab+Currency and was led by Andreessen Horowitz.

Details about the funding round

In a press release, evidence CEO Kevin Rose Said the company is happy to receive so much support and plans to continue providing great products and services. One of these products will be Moonbird’s Mythics, from the third release Moonbirds NFT collection, which was announced along with the fund.

It will release 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 managed by a decentralized autonomous organization. Moonbirds DAO. Finally, Proof will expand its ecosystem with the launch of both a social media platform and a native token to further connect users.

By using these, more insight into user behavior will be gained and given how successful the collection has been this year, there will be a lot to report.

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

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*All investment/financial opinions published by NFT Plaza are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should do thorough research on any product before making any type of investment.



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