The mysterious organization known as The Proof Collective defines itself as “a private members only collective of 1,000 dedicated NFT collectors and artists.” To join the Proof Collective someone would have to, you guessed it, Have your NFT. In theory, anyone can participate in it. However, at the time this article was written, the floor price of one of these passes is roughly 88 ETH. The investment is large enough to keep undesirables at bay.
NFTs is the focus of the Proof Collective. Because it’s the law, they run a private Discord in which you can probably receive the biggest alpha available. NFT details are also provided by the organisation via social media. a podcastThey interview some of the most prominent NFT personalities and reportedly have a large NFT collection. At least, its members.
According Go to this websiteThese members have 153K NFTs. This includes 148 CryptoPunks as well as 817 Bored Apes. These members are who? We wouldn’t know for sure. Kevin Rose and Justin Mezzell, an illustrator, are its founders. It has been reported widely that Proof Collective provided free memberships for Bleeple, a digital artist, and Gary Vee (a motivational speaker and NFT millionaire).
Get Involved in the Influencers
Kevin Rose, Internet legend and co-founder of Diggs, speaks out in the video. “This is the very beginning of what’s going to be a multi-decade journey to build a new media company.”
In addition, he promises Proof that it will eliminate FUD associated with the success of proof by shipping products continuously. The Moonbirds can look forward to benefits and airdrops as well as physical items related to this brand.
What is The Proof Collective?
The Proof Collective NFTs’ main benefit is the world’s most valuable currency: information. Besides a social club of sorts, the organization believes in “group bottoms-up-driven research.” Besides that, the members are early NFT adopters that own all of the projects you hear about on social media and are looking for the next one. If you play your cards right, that Proof Collective NFT might pay for itself in a few months.
However, the organization goes one step further. As “a new media company,” The Proof Collective produces and releases its own NFT masterpieces. The Proof Collective’s first product was The Grails, which mint was solely for the members of the organization and had the slogan, “20 artists. 20 pieces of unique art. Artist names revealed after the mint.” So far, they’ve unveiled art by Tyler Hobbs, Claire Silver, Mike Shinoda, Larva Labs, Rachel Ryle, and Gary Vaynerchuk among others.
The Proof Collective’s second product was the Moonbirds extremely successfulThe world was conquered by a bearish market. “There are a total of 10K Moonbirds, they were issued under the ERC-721 standard on the Ethereum blockchain. Each one cost 2.5 Ethereum to mint. That means that, at current prices, the Proof Collective made over $70M on that first day,” our report said.
At the moment, the floor price for the Proof Collective NFT is 88 ETH, which at today’s prices is more than $200K. Prices for the ones that are available to purchase go up by 700 ETH. These NFT tickets are currently on sale Cryptoslam, #17’s “NFT Collection Rankings by Sales Volume” list. It has sold more than $800K in the last 24 hours and more than $52M since the Proof Collective’s creation.
BTC Price Chart for Gemini, 05/10/2022 | Source: BTC/USD on TradingView.com
There’s always room for some controversy
Look, they don’t have any proof (no pun intended), but NFTethics suggests there’s something shady going on. “Some mentioned that we should check the purchases of proof collective, as many wallets only contains the proof collection and the floor is now 88 ETH. Wash trading is so common (…) these days that it’s not even noteworthy anymore.”
3/ Nepotism is a common practice in NFT, and GaryVee, his brother AJ, Beeple, and other old friends were all given the Proof collective free of charge. There were many other friends who received the Proof collective free/free of charge. pic.twitter.com/o20NOgfIM4
— NFT Ethics (@NFTethics) April 15, 2022
Wash trading is when an asset’s perceived value increases by being bought or sold. “In some situations, wash trades are executed by a trader and a broker who are colluding with each other, and other times wash trades are executed by investors acting as both the buyer and the seller of the security,” according Investopedia.
Is that possible? Maybe. But there’s no evidence, all of this is mere speculation.
Endresdefault
With a bang, The Proof Collective entered NFT space. Space has not witnessed a space as fast or with such a clean track record. So far, they’ve done everything right. Can that be a guarantee for future success? No, it doesn’t. However, it is certainly impressive.
The previous issue of this magazine is available here Blue Chips NFT 101 series, Solana’s “DeGods.”
Charts By TradingView| Charts by TradingView