{"id":490131,"date":"2022-05-10T11:47:18","date_gmt":"2022-05-10T11:47:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=490131"},"modified":"2022-05-10T11:56:14","modified_gmt":"2022-05-10T11:56:14","slug":"blue-chip-nfts-101-what-is-the-proof-collective-and-whos-behind-it","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/nft\/blue-chip-nfts-101-what-is-the-proof-collective-and-whos-behind-it\/","title":{"rendered":"Blue Chip NFTs 101 – What Is The Proof Collective And Who\u2019s Behind It?"},"content":{"rendered":"

The mysterious organization known as The Proof Collective defines itself as \u201ca private members only collective of 1,000 dedicated NFT collectors and artists.\u201d To join the Proof Collective someone would have to, you guessed it, <\/span>own their NFT<\/span><\/a>. So, in theory, anybody can be a part of it. In practice, though, the floor price for one of their passes is around 88 ETH at the time of writing. The size of the investment keeps the undesirables away.<\/span><\/p>\n

The Proof Collective is all about NFTs. Because it\u2019s the law, they run a private Discord in which you can probably receive the biggest alpha available. The organization also provides NFT info via its social media, produces <\/span>a podcast<\/span><\/a> in which they interview the biggest names in the NFT world, and, reportedly, owns a huge NFT collection.\u00a0 At least its members do.<\/span><\/p>\n

According <\/span>to the website<\/span><\/a>, those members own 153K NFTs, including 148 CryptoPunks and 817 Bored Apes. Who are those members?\u00a0 We wouldn\u2019t know for sure. Its founders are Kevin Rose, of Diggs fame, and illustrator Justin Mezzell. And it has been widely reported that the Proof Collective gave free memberships to digital artist Bleeple and motivational speaker and NFT millionaire Gary Vee.\u00a0<\/span><\/p>\n

Enter The Influencers<\/span><\/h2>\n

In the following video, one of the Proof Collective founding members, Internet legend and Diggs co-founder Kevin Rose, says. \u201cThis is the very beginning of what\u2019s going to be a multi-decade journey to build a new media company.\u201d\u00a0<\/span><\/p>\n

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He also promises that Proof will combat FUD that comes with success by constantly shipping product. Moonbirds holders can expect benefits, airdrops, and physical objects related to the nascent brand.<\/span><\/p>\n

What Is The Proof Collective?<\/span><\/h2>\n

The Proof Collective NFTs\u2019 main benefit is the world\u2019s most valuable currency: information. Besides a social club of sorts, the organization believes in \u201cgroup bottoms-up-driven research.\u201d Plus, some members are early NFT adopters that own all of the projects you hear about on social media and are actively looking for the next one. If you play your cards right and the gods smile in your direction, that\u00a0 Proof Collective NFT might pay for itself in a few months.<\/span><\/p>\n

The organization takes things one step further, though. As \u201ca new media company,\u201d The Proof Collective produces and releases its own NFT masterpieces. Their first product where <\/span>the Grails<\/span><\/a>, which mint was solely for the members of the organization and had the slogan, \u201c20 artists. 20 unique pieces of art. Artist names revealed after the mint.\u201d So far, they\u2019ve unveiled art by Tyler Hobbs, Claire Silver, Mike Shinoda, Larva Labs, Rachel Ryle, and Gary Vaynerchuk among others.<\/span><\/p>\n

The Proof Collective\u2019s second product was the <\/span>incredibly successful Moonbirds<\/span><\/a>, who conquered the world on a bearish market. \u201cThere are a total of 10K Moonbirds, they were issued under the ERC-721 standard on the Ethereum blockchain. The mint price for each one was a whopping 2.5 ETH. That means that, at current prices, the Proof Collective made over $70M on that first day,\u201d our report said.<\/span><\/p>\n

At the moment, the floor price for the Proof Collective NFT is 88 ETH, which at today’s exchange rate is more than $200K. And the prices of the listed for sale ones go up to a whopping 700 ETH. Currently, these NFT tickets <\/span>sit at #17 in Cryptoslam<\/span><\/a>\u2019s \u201cNFT Collection Rankings by Sales Volume\u201d list. The project has sold more than $800K in the last 24 hours and more than $52M since the Proof Collective\u2019s creation.\u00a0<\/span><\/p>\n

\"ETHUSD<\/p>\n

BTC price chart for 05\/10\/2022 on Gemini | Source: BTC\/USD on TradingView.com<\/a><\/pre>\n
We Need A Little Controversy<\/span><\/h2>\n
Look, they don\u2019t have any proof (no pun intended), but NFTethics suggests there\u2019s something shady going on. \u201cSome 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.\u201d<\/span><\/p>\n
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3\/ Also nepotism is completely standard in the NFT space, so the fact that GaryVee (Gennady), his brother AJ, Beeple and some old friends received the Proof collective for free is standard. We saw quite a lot of other "old" friends that received the proof collective for free\/$3. pic.twitter.com\/o20NOgfIM4<\/a><\/p>\n
— NFT Ethics (@NFTethics) April 15, 2022<\/a><\/p><\/blockquote>\n