NFT Collective PROOF Raises $50M in Funding Round Led by a16z

During today’s event, the company released new details about PROOF’s third NFT collection: Moonbirds Mythics, a 20,000 PFP (profile pic) collection slated to launch in early 2023.  Moonbirds DAO, a decentralized autonomous organization (DAO) will oversee licensing of the company’s Moonbirds NFT brand, granting trademark rights and distributing funding to upcoming NFT projects.