Moonbirds NFT Collection Creators Attract $10M From Reddit Co-Founder

The startup behind the Moonbirds NFT Collection has raised $10M from Seven Seven Six, the venture capital firm of Reddit co-founder Alexis Ohanian.

The startup was founded by True Ventures partner Kevin Rose. The latter also participated in the funding round, but it was Seven Seven Six who invested $10 million.

Rose has noted that the cooperation with Ohanyan will allow the project to issue additional non-fungible tokens (NFTs) along with the creation of content in the field of Web 3.0, the launch of the conference and other initiatives.

Proof has previously launched PROOF Collective, a closed community with more than 1,000 members accessing NFT drops and other perks. The tokens included in the collection were sold through the Dutch auction format and their price started at 5 ETH.