Sunday, October 1, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto Exchanges

Blue Chip NFTs 101 – What Is The Proof Collective And Who’s Behind It?

by ethozedge
May 10, 2022
in Crypto Exchanges
Reading Time: 5 mins read
A A
0
Share on FacebookShare on Twitter


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, own their NFT. 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.

The Proof Collective is all about NFTs. Because it’s 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 a podcast in which they interview the biggest names in the NFT world, and, reportedly, owns a huge NFT collection.  At least its members do.

According to the website, those members own 153K NFTs, including 148 CryptoPunks and 817 Bored Apes. Who are those members?  We wouldn’t 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. 

Enter The Influencers

In the following video, one of the Proof Collective founding members, Internet legend and Diggs co-founder Kevin Rose, says. “This is the very beginning of what’s going to be a multi-decade journey to build a new media company.” 

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.

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.” 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  Proof Collective NFT might pay for itself in a few months.

The organization takes things one step further, though. As “a new media company,” The Proof Collective produces and releases its own NFT masterpieces. Their first product where the Grails, which mint was solely for the members of the organization and had the slogan, “20 artists. 20 unique pieces of 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 incredibly successful Moonbirds, who conquered the world on a bearish market. “There 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,” our report said.

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 sit at #17 in Cryptoslam’s “NFT Collection Rankings by Sales Volume” list. The project has sold more than $800K in the last 24 hours and more than $52M since the Proof Collective’s creation. 

ETHUSD price chart for 05/10/2022 - TradingView

BTC price chart for 05/10/2022 on Gemini | Source: BTC/USD on TradingView.com

We Need A Little 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/ 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

— NFT Ethics (@NFTethics) April 15, 2022

Wash Trading is the process of buying and selling an asset in order to increase its perceived price. “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 to Investopedia.

Could the Proof Collective have done that? Maybe. But there’s no evidence, all of this is mere speculation.

In Conclusion

The Proof Collective entered the NFT space with a bang. The space has never seen an ascension this fast and a track record this clean. So far, they’ve done everything right. Does that guarantee future success? No, it doesn’t. But it certainly is impressive.

Check the previous edition of the Blue Chips NFT 101 series, Solana’s “DeGods.”

Featured Image: Proof Collective NFT, promotional image from their site | Charts by TradingView





Source link

Tags: bitcoin newsBlueChipCollectivecrypto analysiscrypto newsEthoz EdgeLatest bitcoin newslatest crypto newsNFTsProofWhos
Share76Tweet47

Related Posts

ImmutableX (IMX) Price Prediction 2023 2024 2025

by ethozedge
September 30, 2023
0

ImmutableX Overview Immutable Price Change 24h 4.31% Immutable Price Change 7d 14.85% Immutable Market cap $718,998,309.43 Immutable All time high...

OpenAI in early talks to collaborate with Jony Ive on AI rival to the iPhone

by ethozedge
September 29, 2023
0

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connected to AlphaWelcome!...

SEC launches proceedings to determine fate of spot Bitcoin ETFs, invites public comment

by ethozedge
September 28, 2023
0

The U.S. Securities and Exchange Commission (SEC) submitted several filings on Sept. 28 that concern pending spot Bitcoin exchange-traded funds...

What Is Toncoin (TON)? Everything You Need To Know

by ethozedge
September 28, 2023
0

Telegram is a messenger application popular among hundreds of millions of users across the world. Now, imagine if the app...

Biden administration rumored to be working on executive order requiring disclosure of outsized power consumption

by ethozedge
September 27, 2023
0

An executive order from the Biden administration could compel cloud computing companies to report excess power usage to the U.S....

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

SEC Drops Bombshell: Terra Founder Do Kwon Chat History Leaked

September 30, 2023

FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch

September 30, 2023

Google Cloud Joins Polygon as Validator

September 30, 2023

Bitcoin Payment Service BTCPay Server Now Easier to Integrate with React Apps

September 30, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,017.000.37%
  • ethereumEthereum(ETH)$1,675.370.40%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$214.970.16%
  • rippleXRP(XRP)$0.52-0.07%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • staked-etherLido Staked Ether(STETH)$1,675.920.38%
  • cardanoCardano(ADA)$0.2553461.93%
  • solanaSolana(SOL)$21.325.20%
  • dogecoinDogecoin(DOGE)$0.0620540.05%
  • tronTRON(TRX)$0.088287-0.54%
  • ToncoinToncoin(TON)$2.12-1.63%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.020.37%
  • polkadotPolkadot(DOT)$4.121.08%
  • matic-networkPolygon(MATIC)$0.541.68%
  • litecoinLitecoin(LTC)$66.281.14%
  • bitcoin-cashBitcoin Cash(BCH)$237.551.75%
  • chainlinkChainlink(LINK)$8.192.93%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,948.000.07%
  • shiba-inuShiba Inu(SHIB)$0.0000070.55%
  • daiDai(DAI)$1.000.03%
  • true-usdTrueUSD(TUSD)$1.00-0.03%
  • leo-tokenLEO Token(LEO)$3.680.45%
  • uniswapUniswap(UNI)$4.481.68%
  • avalanche-2Avalanche(AVAX)$9.301.69%
  • stellarStellar(XLM)$0.1125080.97%
  • moneroMonero(XMR)$146.460.21%
  • okbOKB(OKB)$43.100.18%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • ethereum-classicEthereum Classic(ETC)$16.393.06%
  • binance-usdBUSD(BUSD)$1.000.03%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • cosmosCosmos Hub(ATOM)$7.231.78%
  • hedera-hashgraphHedera(HBAR)$0.0497850.36%
  • filecoinFilecoin(FIL)$3.350.69%
  • lido-daoLido DAO(LDO)$1.703.45%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • internet-computerInternet Computer(ICP)$3.171.43%
  • makerMaker(MKR)$1,536.285.98%
  • crypto-com-chainCronos(CRO)$0.0508530.38%
  • quant-networkQuant(QNT)$90.600.30%
  • AptosAptos(APT)$5.513.34%
  • MantleMantle(MNT)$0.3999380.24%
  • vechainVeChain(VET)$0.0174112.18%
  • ArbitrumArbitrum(ARB)$0.921.76%
  • nearNEAR Protocol(NEAR)$1.140.97%
  • optimismOptimism(OP)$1.362.37%
  • KaspaKaspa(KAS)$0.0496683.53%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • aaveAave(AAVE)$67.521.79%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,817.920.32%
  • BitDAOBitDAO(BIT)$0.592.96%
  • the-graphThe Graph(GRT)$0.0894433.03%
  • algorandAlgorand(ALGO)$0.1041932.23%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.16-0.55%
  • xdce-crowd-saleXDC Network(XDC)$0.0531176.98%
  • usddUSDD(USDD)$1.00-0.07%
  • immutable-xImmutableX(IMX)$0.591.51%
  • blockstackStacks(STX)$0.4817261.48%
  • havvenSynthetix Network(SNX)$2.102.39%
  • fraxFrax(FRAX)$1.00-0.12%
  • elrond-erd-2MultiversX(EGLD)$25.340.58%
  • eosEOS(EOS)$0.580.87%
  • theta-tokenTheta Network(THETA)$0.650.37%
  • tezosTezos(XTZ)$0.680.53%
  • the-sandboxThe Sandbox(SAND)$0.312670-0.45%
  • injective-protocolInjective(INJ)$7.691.09%
  • sapphireSapphire(SAPP)$0.7035.32%
  • Bitget TokenBitget Token(BGB)$0.451620-0.19%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • bitcoin-cash-svBitcoin SV(BSV)$31.631.28%
  • axie-infinityAxie Infinity(AXS)$4.600.83%
  • radixRadix(XRD)$0.057088-0.72%
  • thorchainTHORChain(RUNE)$1.93-2.91%
  • render-tokenRender(RNDR)$1.550.86%
  • decentralandDecentraland(MANA)$0.310344-0.44%
  • fantomFantom(FTM)$0.2033924.07%
  • neoNEO(NEO)$7.370.27%
  • gatechain-tokenGate(GT)$3.74-0.10%
  • kavaKava(KAVA)$0.630.71%
  • marumaruNFTmarumaruNFT(MARU)$0.25242622.62%
  • paxos-standardPax Dollar(USDP)$1.000.02%
  • ecasheCash(XEC)$0.0000250.25%
  • compound-ethercETH(CETH)$33.630.25%
  • flowFlow(FLOW)$0.4582751.10%
  • apecoinApeCoin(APE)$1.263.24%
  • pax-goldPAX Gold(PAXG)$1,867.300.00%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • tether-goldTether Gold(XAUT)$1,851.67-0.05%
  • curve-dao-tokenCurve DAO(CRV)$0.520.05%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • Frax EtherFrax Ether(FRXETH)$1,672.820.42%
  • convex-crvConvex CRV(CVXCRV)$1.47183.77%
  • kucoin-sharesKuCoin(KCS)$4.580.44%
  • rocket-poolRocket Pool(RPL)$22.000.71%
  • chilizChiliz(CHZ)$0.0612912.49%
  • iotaIOTA(MIOTA)$0.1521890.30%
  • frax-shareFrax Share(FXS)$5.51-3.79%
  • Rollbit CoinRollbit Coin(RLB)$0.1232853.78%
  • First Digital USDFirst Digital USD(FDUSD)$1.00-0.10%
  • Tokenize XchangeTokenize Xchange(TKX)$4.93-0.13%
  • galaGALA(GALA)$0.0145460.38%
  • huobi-tokenHuobi(HT)$2.38-1.35%
  • mina-protocolMina Protocol(MINA)$0.3827221.50%
  • gmxGMX(GMX)$41.106.53%
  • klay-tokenKlaytn(KLAY)$0.1159750.71%
  • bittorrentBitTorrent(BTT)$0.000000-0.07%
  • SuiSui(SUI)$0.467971-0.46%
  • terra-lunaTerra Luna Classic(LUNC)$0.0000631.56%
  • casper-networkCasper Network(CSPR)$0.031548-0.47%
  • DogechainDogechain(DC)$0.001787-24.98%
  • dydxdYdX(DYDX)$1.970.62%
  • WEMIXWEMIX(WEMIX)$1.084.76%
  • Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH(CBETH)$1,756.240.38%
  • PepePepe(PEPE)$0.0000011.47%
  • nexoNEXO(NEXO)$0.582.55%
  • trust-wallet-tokenTrust Wallet(TWT)$0.780.13%
  • apenftAPENFT(NFT)$0.000000-0.93%
  • Nexus MutualNexus Mutual(NXM)$47.980.38%
  • compound-governance-tokenCompound(COMP)$47.30-0.88%
  • Staked Frax EtherStaked Frax Ether(SFRXETH)$1,771.800.36%
  • dashDash(DASH)$27.871.99%
  • woo-networkWOO Network(WOO)$0.1733690.57%
  • CyberHarborCyberHarbor(CHT)$10.12-49.84%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.01%
  • zilliqaZilliqa(ZIL)$0.0176140.87%
  • arweaveArweave(AR)$4.271.02%
  • 1inch1inch(1INCH)$0.2696371.17%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.05%
  • Shib Original VisionShib Original Vision(SOV)$0.00000012.40%
  • basic-attention-tokenBasic Attention(BAT)$0.1807982.66%
  • conflux-tokenConflux(CFX)$0.128103-2.29%
  • pancakeswap-tokenPancakeSwap(CAKE)$1.170.16%
  • FlareFlare(FLR)$0.0109330.33%
  • gnosisGnosis(GNO)$102.110.51%
  • AstarAstar(ASTR)$0.049290-0.27%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • liquity-usdLiquity USD(LUSD)$0.990.05%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • convex-financeConvex Finance(CVX)$3.130.19%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • Utility Web3ShotUtility Web3Shot(UW3S)$0.4725710.00%
  • flex-coinFLEX Coin(FLEX)$2.48357.01%
  • huobi-btcHuobi BTC(HBTC)$26,844.00-0.88%
  • SafePalSafePal(SFP)$0.571.46%
  • nemNEM(XEM)$0.0265250.95%
  • fetch-aiFetch.ai(FET)$0.2263072.83%
  • qtumQtum(QTUM)$2.250.93%
  • illuviumIlluvium(ILV)$39.94-1.02%
  • celoCelo(CELO)$0.4532020.59%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • oec-tokenOKT Chain(OKT)$13.04-1.07%
  • compound-usd-coincUSDC(CUSDC)$0.0230820.08%
  • chiaChia(XCH)$26.810.00%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • bitcoin-goldBitcoin Gold(BTG)$13.160.07%
  • tomiNettomiNet(TOMI)$3.080.97%
  • singularitynetSingularityNET(AGIX)$0.1859401.12%
  • escoin-tokenEscoin(ELG)$2.720.79%
  • mx-tokenMX(MX)$2.27-1.60%
  • ecomiECOMI(OMI)$0.0008401.19%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • loopringLoopring(LRC)$0.1815812.86%
  • enjincoinEnjin Coin(ENJ)$0.2250511.18%
  • DeFiChainDeFiChain(DFI)$0.296953-0.21%
  • WorldcoinWorldcoin(WLD)$1.69-5.13%
  • compound-usdtcUSDT(CUSDT)$0.0190980.00%
  • mask-networkMask Network(MASK)$2.712.59%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • SeiSei(SEI)$0.1209160.74%
  • tether-eurtEuro Tether(EURT)$1.06-0.36%
  • justJUST(JST)$0.024134-9.34%
  • theta-fuelTheta Fuel(TFUEL)$0.033980-0.65%
  • decredDecred(DCR)$13.680.05%
  • zcashZcash(ZEC)$27.010.95%
  • heliumHelium(HNT)$1.47-0.99%
  • oasis-networkOasis Network(ROSE)$0.041797-0.99%
  • Access ProtocolAccess Protocol(ACS)$0.002065-3.42%
  • ethereum-name-serviceEthereum Name Service(ENS)$8.045.54%
  • Bone ShibaSwapBone ShibaSwap(BONE)$0.830.88%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • ankrAnkr Network(ANKR)$0.0203143.05%
  • aragonAragon(ANT)$5.060.18%
  • telosTelos(TLOS)$0.76-4.60%
  • CoinmetroCoinmetro(XCM)$0.66506.72%
  • olympusOlympus(OHM)$11.461.00%
  • Aleph ZeroAleph Zero(AZERO)$0.810.02%
  • osmosisOsmosis(OSMO)$0.3128790.48%
  • stepnSTEPN(GMT)$0.1594770.66%
  • SifchainSifchain(EROWAN)$0.154725-4.65%
  • terra-luna-2Terra(LUNA)$0.483151-0.11%
  • FLOKIFLOKI(FLOKI)$0.00001913.34%
  • golemGolem(GLM)$0.1853963.16%
  • FUBT TokenFUBT Token(FUC)$2.09-1.05%
  • holotokenHolo(HOT)$0.001038-0.23%
  • BolideBolide(BLID)$0.029333-6.99%
  • ravencoinRavencoin(RVN)$0.0153150.83%
  • DEIDEI(DEI)$1.000.13%