{"id":2823,"date":"2023-01-18T21:37:00","date_gmt":"2023-01-18T21:37:00","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/01\/18\/a-complete-guide-to-proof-collectives-web3-world\/"},"modified":"2023-01-18T21:37:00","modified_gmt":"2023-01-18T21:37:00","slug":"a-complete-guide-to-proof-collectives-web3-world","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/01\/18\/a-complete-guide-to-proof-collectives-web3-world\/","title":{"rendered":"A Complete Guide to Proof Collective&#8217;s Web3 World"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"has-drop-cap\">We can\u2019t deny it: the <a href=\"https:\/\/nftnow.com\/features\/the-problem-with-anonymity-in-web3-and-nfts\/\" target=\"_blank\" rel=\"noreferrer noopener\">concept of identity<\/a> \u2060\u2014 and questioning it \u2060\u2014 is and will remain among the most intriguing capabilities as blockchain technology continues its evolution through modern society\u2019s financial and cultural landscapes.<\/p>\n<p>Keeping in line with the decentralized and open nature of the Web3, anonymity (or pseudonymity) in the crypto and NFT space has forged novel dynamics. Until February 2022, for example, the identities of the founders of <a href=\"https:\/\/nftnow.com\/features\/bored-ape-yacht-clubs-founders-were-just-doxxed-by-buzzfeed-we-need-to-talk\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bored Ape Yacht Club<\/a>, the most successful NFT project in existence, were a mystery.<\/p>\n<p>But anonymity cuts both ways: It allows people to be active in the Web3 ecosystem while retaining their right to privacy, but it also raises some serious issues of transparency and accountability when individuals or groups in the NFT community grow to a scale that commands nearly unrivaled cultural and financial sway.<\/p>\n<p>Proof Collective is one of those groups. And, as a subsidiary of the larger Proof brand that broke out into the NFT scene in early 2022, it\u2019s since become a Web3 powerhouse. But despite its size and influence, it\u2019s less well-known than it should be. So, let\u2019s unpack what this group is all about, where it came from, who its members are, and why that matters for the broader NFT community.<\/p>\n<h2>Just what is Proof Collective?\u00a0<\/h2>\n<p>The Proof Collective is an exclusive members-only NFT community responsible for hugely successful projects like <a href=\"https:\/\/nftnow.com\/guides\/a-guide-to-moonbirds-what-are-these-pfp-owl-nfts\/\" target=\"_blank\" rel=\"noreferrer noopener\">Moonbirds<\/a>, <a href=\"https:\/\/nftnow.com\/news\/moonbirds-just-made-all-their-nfts-public-domain\/\" target=\"_blank\" rel=\"noreferrer noopener\">Oddities<\/a>, <a href=\"https:\/\/collective.proof.xyz\/grails\" target=\"_blank\" rel=\"noreferrer noopener\">Grails<\/a>, and <a href=\"https:\/\/opensea.io\/collection\/emotes-by-heart-you\" target=\"_blank\" rel=\"noreferrer noopener\">Emotes<\/a>. The collective comprises some of the most renowned artists and collectors in the space, though most of them are anonymous.<\/p>\n<p>The collective launched in December 2021 after Co-Founder Kevin Rose turned a subset of the tightly-knit community that had grown up around the <a href=\"https:\/\/podcasts.apple.com\/au\/podcast\/proof\/id1580998139\" target=\"_blank\" rel=\"noreferrer noopener\">Proof podcast<\/a> into an organization with a specific mission. That mission? To be the best eyes and ears on the ground in the NFT space, always on the lookout for the next successful project of greatest interest to members.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><figcaption>via Proof Collective<\/figcaption><\/figure>\n<\/div>\n<h2 id=\"h-okay-how-do-i-join-the-elite-i-mean-proof-collective\">Okay, how do I join the Elite- \u2026I mean, Proof Collective?<\/h2>\n<p>We\u2019re not there yet. To join any group, it\u2019s a good idea to look at its history (and it\u2019s a cornerstone of internet history). Co-Founder Rose was the <a href=\"https:\/\/www.businessinsider.com\/digg-kevin-rose-untold-history-2012-7\" target=\"_blank\" rel=\"noreferrer noopener\">creative mind behind Digg<\/a>, the early-2000s social news-aggregation website that, before its ignoble end, helped build many of the core ideas that became hallmarks of Web2 giants like Reddit, Facebook, and Twitter. He\u2019s a veteran of the Web2 world that has successfully translated his keen investing abilities and eye for innovative strategies and talent to Web3.<\/p>\n<p>With the help of co-founder and designer-illustrator <a href=\"https:\/\/twitter.com\/JustinMezzell\" target=\"_blank\" rel=\"noreferrer noopener\">Justin Mezzell<\/a> and the rest of the Proof team, the Collective grew into a Web3 player no one can ignore. On April 16, 2022, Proof launched Moonbirds, the 10,000-PFP project, and the collective\u2019s most familiar project to date.<\/p>\n<p>Moonbirds took the NFT world by storm, becoming one of the top 10 highest-grossing NFT projects of all time less than one week after release. The project\u2019s all-time sales volume has reached an astonishing 166,681 ETH ($284,751,153.16, as of writing).<\/p>\n<p>That project has now grown to include <a href=\"https:\/\/nftnow.com\/news\/moonbirds-just-made-all-their-nfts-public-domain\/\" target=\"_blank\" rel=\"noreferrer noopener\">Moonbirds Oddities<\/a>, a 10,000-piece collection of Moonbird-derived NFTs designed by the <a href=\"https:\/\/nftnow.com\/features\/how-gremplins-cryptoadz-took-nft-market-by-storm\/\" target=\"_blank\" rel=\"noreferrer noopener\">successful NFT artist Gremplin<\/a>, with a sales volume of 15,219 ETH ($25,999,530.84, as of writing).<\/p>\n<p>Okay, now we\u2019ll tell you how to join. To become part of the Proof Collective, you need a <a href=\"https:\/\/opensea.io\/collection\/proof-collective\" target=\"_blank\" rel=\"noreferrer noopener\">Proof Collective NFT<\/a>, which the group initially released via a Dutch auction starting at 5 ETH per unit. But the group\u2019s price has skyrocketed on the secondary market \u2014 for example, owning one will cost you 61 ETH (roughly $104,210), as of writing.<\/p>\n<figure class=\"wp-block-pullquote\">\n<blockquote>\n<p>\u201cWe want to have curation with a point of view.\u201d<\/p>\n<p><cite>Proof Collective co-founder Kevin rose<\/cite><\/p><\/blockquote>\n<\/figure>\n<p>That steep floor price comes with an array of benefits, including early access to the Proof podcast, access to the collectives Discord, free NFT drops, and access to in-person events. But the main draw of the community is the shared knowledge, experience, and prescience its individuals bring to the group.<\/p>\n<p>\u201cWe want to have curation with a point of view and really give people the in-depth information they need to make decisions around what to collect and which artists to pay attention to,\u201d said Kevin Rose in an April <a href=\"https:\/\/nftnow.com\/podcasts\/how-kevin-roses-proof-became-a-250k-collector-club\/\" target=\"_blank\" rel=\"noreferrer noopener\">episode of the nft now podcast<\/a>. \u201cIn the stock world, there are professional organizations that do nothing but gather data and create really in-depth research reports. We want to be that for NFTs.\u201d\u00a0<\/p>\n<p>In case you missed it, therein lies the principal value of joining the Proof Collective \u2014 staying on the inside and knowing high-level intelligence on the NFT ecosystem. The use-value should go without saying, but this is not only great for finding fantastic art and innovative communities. It also means maintaining a better position to invest in projects that pay big dividends.<\/p>\n<p>Another associated name of significant notoriety is the group\u2019s former COO, Ryan Carson, who <a href=\"https:\/\/finance.yahoo.com\/news\/carson-sudden-exit-moonbirds-team-092840100.html\" target=\"_blank\" rel=\"noreferrer noopener\">left the brand<\/a> less than two weeks after Moonbirds launched, to start his own NFT venture fund. Called <a href=\"https:\/\/121g.fund\/\" target=\"_blank\" rel=\"noreferrer noopener\">1.21 Gigawatts Fund<\/a>, Carson\u2019s departure ruffled some feathers in the NFT community, with some coming close to calling it <a href=\"https:\/\/nftnow.com\/features\/the-biggest-rug-pulls-in-nft-history\/\" target=\"_blank\" rel=\"noreferrer noopener\">a rug pull<\/a>. As someone with insider knowledge of the project who was well aware of NFTs with rare traits in the Moonbirds collection, Carson collected more than 200 ETHs in Moonbirds before his sudden departure.<\/p>\n<p>In response to the criticism surrounding Carson\u2019s move, Rose <a href=\"https:\/\/twitter.com\/kevinrose\/status\/1518620109090156545?s=20&amp;t=283ADITdeCBoB7T9ccJL-g\" target=\"_blank\" rel=\"noreferrer noopener\">tweeted<\/a> that he had an internal policy \u201cnot to purchase any Moonbirds until rarity counts were out to the public,\u201d but couldn\u2019t stop someone from \u201cclicking a button to purchase.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I had an internal policy not to purchase any moonbirds until after rarity counts were out to the public. I can&#8217;t control someone clicking a button to purchase, but I can put stronger controls in place for all future drops. e.g., no employee purchases for 7-days.<\/p>\n<p>\u2014 K\u039eVIN R\u25ceSE (\ud83e\udeb9,\ud83e\udd89) (@kevinrose) <a href=\"https:\/\/twitter.com\/kevinrose\/status\/1518620109090156545?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 25, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Regardless, Rose thanked Carson for his contributions to the project and wished him well in his future endeavor.<\/p>\n<h2 id=\"h-proof-grails\">Proof Grails<\/h2>\n<p>Proof has so far released three \u201cseasons\u201d of its coveted Grails collection, with each drop featuring a different set of 20 pieces of art by 20 well-known artists in the NFT space. To mint a Grails NFT, you need a Grails III Mint Pass, which is airdropped to Proof Collective NFT holders. Some lucky \u201cGrail\u201d trait Moonbirds holders are placed into a raffle to win a Mint Pass, and they can also be purchased on <a href=\"https:\/\/opensea.io\/collection\/grails-iii-mint-pass\" target=\"_blank\" rel=\"noreferrer noopener\">the secondary market<\/a> (and as of writing have a floor price of 2.55 ETH).<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>The Grails drops also feature some interesting minting dynamics. Once the minting window for a season of Grails goes live, Proof members and Mint Pass holders can mint an artwork within a seven-day window. The catch? The artists\u2019 names aren\u2019t revealed until after the mint is finished, incentivizing members to mint work they like over ones they might associate with star power. Of course, it can be somewhat easy to identify a well-known artist\u2019s style, but the concept is compelling nonetheless, creating an element of the unknown in the mint.\u00a0<\/p>\n<p>Proof backs these drops with some big names. Seasons I and II of Grails included work by <a href=\"https:\/\/nftnow.com\/features\/veefriends-and-gary-vee-on-what-your-web3-strategy-should-be-in-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">Gary Vee<\/a>, Alexis Ohanian, <a href=\"https:\/\/nftnow.com\/collectibles\/undervalued-party-degenerates-walking-dead-avatars\/\" target=\"_blank\" rel=\"noreferrer noopener\">Hackatao<\/a>, Grant Riven Yun, <a href=\"https:\/\/nftnow.com\/art\/refik-anadol-on-how-ai-imagination-elevates-memory-with-nfts\/\" target=\"_blank\" rel=\"noreferrer noopener\">Refik Anadol<\/a>, Drifter Shoots, and several more. Season III\u2019s seven-day minting window went live on January 17, and the collection is quickly minting out. Season III introduces some new mechanics into the mix as well: Editions and Series mints.\u00a0<\/p>\n<p>Editions are a single artwork minted as an edition and have a hard cap of 50, while Series mints are a curated selection of works by a single artist, with each mint pulling a random selection of works from that series. The artwork displayed on the Grails minting page displays the first piece of art in its associated Series.<\/p>\n<h2>Who else is in the Proof Collective?<\/h2>\n<p>The <a href=\"https:\/\/collective.proof.xyz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Proof Collective website<\/a> proudly states that its members own more than 150,000 NFTs, including nearly 150 CryptoPunks, more than 800 Bored Apes, nearly 500 Meebits, more than 5,000 Art Blocks, and nearly 330 SuperRare 1:1 NFTs, among others.<\/p>\n<p>That\u2019s one of the most valuable and impressive NFT collections in the entire ecosystem. But it also raises the question, who is bringing these NFTs to Proof\u2019s roster? Most of the collective\u2019s 1,000 members are anonymous. Looking at the blockchain, however, it\u2019s possible to see that some major names in NFTs are or were members \u2014 and the connections and relationships those people have to the Proof team raise another question: How much nepotism does it have?\u00a0<\/p>\n<p>For example, the Proof Collective <a href=\"https:\/\/dappradar.com\/hub\/assets\/eth\/0x08d7c0242953446436f34b4c78fe9da38c73668d\/48\" target=\"_blank\" rel=\"noreferrer noopener\">transferred a membership NFT to Beeple<\/a> shortly after the NFT pass launched in December 2021. The group also transferred or \u201csold\u201d membership passes to several other notable and connected figures in the space for next to nothing.<\/p>\n<p>Visual artist Justin Aversano, who goes by the Web3 pseudonym <a href=\"https:\/\/twitter.com\/justinaversano?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" target=\"_blank\" rel=\"noreferrer noopener\">Twin Flames<\/a>, acquired his pass for 0.001 ETH. Aversano is the co-founder and CEO of <a href=\"https:\/\/quantum.art\/\" target=\"_blank\" rel=\"noreferrer noopener\">Quantum Art<\/a>, a platform that curates and sells NFTs. In February 2022, <a href=\"https:\/\/decrypt.co\/92463\/justin-aversano-quantum-art-ethereum-nft-platform-7-5m\" target=\"_blank\" rel=\"noreferrer noopener\">Quantum Art raised $7.5 million<\/a> in a funding round led in part by True Ventures, a venture capital firm whose board includes Kevin Rose. Gary Vee is also a Quantum Art investor and another recipient of <a href=\"https:\/\/etherscan.io\/tx\/0x118ca94855cea3c0622e748dc53dbf7f568583762ff0dd4ae0b3a35f4d973a63\" target=\"_blank\" rel=\"noreferrer noopener\">a free Proof Collective NFT<\/a> membership pass (as is his brother). The collective gifted several more passes in this manner to several anonymous wallet addresses.<\/p>\n<p>But the thing is, there\u2019s no Web3 rulebook that says this kind of back-scratching is out-of-bounds, and anyone looking to criticize Proof for doing so should think well on whether or not they would act any differently in the same position. It\u2019s also true that these events don\u2019t help reduce the NFT ecosystem\u2019s reputation for nepotism and big money in-group-out-group dynamics.<\/p>\n<p>Perhaps not everything in Web3 has to align with ideals of equity and a (more) level playing field. Still, such conduct does inhabit a space uncomfortably close to the centralized favoritism of Web2. But to be fair, the Proof brand has recently begun to introduce efforts to make its community <a href=\"https:\/\/nftnow.com\/news\/web3-companies-are-striving-for-diverse-communities-heres-how\/\" target=\"_blank\" rel=\"noreferrer noopener\">more diverse and inclusive<\/a>, gifting 400 Oddities NFTs to seven communities dedicated to onboarding marginalized populations to Web3. It\u2019s unclear if such gestures and intentions will translate to measurably more inclusivity in the Proof Collective itself, but it\u2019s a good step in the right direction.<\/p>\n<p>Beyond the collective, the Proof brand\u2019s next big goalpost is its metaverse project called Highrise. Rose has been largely light on details when describing Highrise, but he has expressed disappointment overall with other approaches to metaverse projects. \u201cFor us, [the metaverse] means a way to connect with community that is different and unique and more immersive than just what\u2019s happening in Discord,\u201d explained Rose on an April 2022 episode of the <a href=\"https:\/\/podcasts.apple.com\/au\/podcast\/proof-pfp-moonbirds-take-flight-on-diamond-wings\/id1580998139?i=1000555585472\" target=\"_blank\" rel=\"noreferrer noopener\">Proof podcast<\/a>.<\/p>\n<p>Highrise, Rose noted, is a placeholder name. Still, it\u2019s one Proof chose purposefully, as it speaks to their vision for the metaverse, namely, in rising above what\u2019s currently on offer to provide users different \u201cbuildings\u201d and \u201cfloors\u201d of purpose-driven interaction.<\/p>\n<p>\u201cI was really disappointed when I saw the Facebook presentation for their metaverse and they showed two people sitting across from each other in VR playing chess,\u201d Rose continued. \u201cIf I had had any Facebook stock, which I didn\u2019t, I would\u2019ve sold it right then and there. Chess? I was doing that on AOL. It showed a lack of imagination, and I kind of just thought, \u2018We can do better than this.\u2019\u201d<\/p>\n<p>Given that Proof has done so much in so little time \u2014 in a bear market, the brand and the Proof collective will likely continue to be a driving force in the NFT community. Rose and his team have shown a willingness to be flexible when they sense a change in the Web3 winds, like when they announced that they were switching the <a href=\"https:\/\/nftnow.com\/news\/moonbirds-just-made-all-their-nfts-public-domain\/\" target=\"_blank\" rel=\"noreferrer noopener\">Moonbirds collection to a CC0 license<\/a>. That move wasn\u2019t without its own controversy, but few things are in this space. How Proof decides to innovate in Web3 in the future, regardless of its shortcomings, will be anything but mundane.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftnow.com\/guides\/a-complete-guide-to-proof-collectives-elite-web3-world\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We can\u2019t deny it: the concept of identity \u2060\u2014 and questioning it \u2060\u2014 is and will remain among the most intriguing capabilities as blockchain technology continues its evolution through modern society\u2019s financial and cultural landscapes. Keeping in line with the decentralized and open nature of the Web3, anonymity (or pseudonymity) in the crypto and NFT [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[10],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftnow.com\/wp-content\/uploads\/2022\/08\/proof-collective-feature.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/2823"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=2823"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/2823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/2824"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=2823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=2823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=2823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}