Kevin Rose’s Proof Raises $50M, Plots Token and Moonbirds NFT Expansion
Proof, the Web3 startup behind the Proof Collective NFT membership club and valuable Moonbirds NFT collection, made a bevy of announcements today during its Future Proof streaming presentation—including sizable funding, new NFT initiatives, and plans for a token. The firm, which was co-founded by Digg creator Kevin Rose.
Announced that it has raised $50 million in Series A funding in a round led by VC giant Andreessen Horowitz. It follows a $10 million seed round from Seven Seven Six—the VC firm of Reddit co-founder Alexis Ohanian—which was announced in April following the hot Moonbirds launch. Seven Seven Six also participated in the Series A fundraise, as well as with True Ventures—where Rose is a partner—alongside Flamingo DAO, Collab + Currency, SV Angel, and entrepreneur Gary Vaynerchuk’s VaynerFund. A valuation was not disclosed.
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