Business News Report
February 21, 2023

PROOF Collective Cancels its NFT Conference; Moonbirds Floorprice Goes Down

In Brief

PROOF Collective cancels its PROOF of Conference event in Los Angeles

Individuals that planned to attend will get ticket and accommodation refunds

The community is not happy with the news and the floor price of Moonbirds goes down.

PROOF Collective, the company behind the blue-chip NFT collection Moonbirds, has just canceled its NFT Conference planned for this year due to low interest.

PROOF of Conference, the event in question, was supposed to take place in Los Angeles on May 11 to May 13. However, the community did not seem interested enough, so Moonbirds co-founder Kevin Rose and his team decided to cancel the event. 

“Our aim was to set a new standard for what an NFT conference could be. Unfortunately, after several weeks of sales data, conversations with sponsors, and feedback from our community members, we have been forced to recognize that now is not the right time to achieve that vision,” explains the company on a dedicated web page, “We didn’t feel confident we would have a large enough audience to support the experiences we had planned.”

Moonbirds holders and the NFT community did not react well. The floor price of the NFTs went down from 7.1 ETH on February 18 to 6.5 ETH on February 21. 

According to the official website, PROOF of Conference will not be rescheduled. However, individuals that purchased tickets and booked accommodation to attend the event will be refunded in ETH.

The official website of PROOF still features a list of future events, such as community meet-ups in different international cities. The organization also stated that it will add a Collective Lounge during NFT NYC on April 13 and will provide free-of-charge tickets to upcoming events. 

In addition to the cancellation announcement, PROOF Collective mentioned the upcoming updates on Moonbirds initiatives. 

Read more about Moonbirds:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

More articles
Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

The DOGE Frenzy: Analysing Dogecoin’s (DOGE) Recent Surge in Value

The cryptocurrency industry is rapidly expanding, and meme coins are preparing for a significant upswing. Dogecoin (DOGE), ...

Know More

The Evolution of AI-Generated Content in the Metaverse

The emergence of generative AI content is one of the most fascinating developments inside the virtual environment ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Crypto Exchange Kraken Introduces Self-Custodial ‘Kraken Wallet’ And Open-Sources Its Code
Markets News Report Technology
Crypto Exchange Kraken Introduces Self-Custodial ‘Kraken Wallet’ And Open-Sources Its Code
April 17, 2024
Sam Altman’s Worldcoin To Introduce Ethereum Layer 2 Network World Chain
Markets News Report Technology
Sam Altman’s Worldcoin To Introduce Ethereum Layer 2 Network World Chain
April 17, 2024
BytePlus Ventures Into Web3 By Collaborating with Sui, Targets Gaming And SocialFi Markets
Business News Report Technology
BytePlus Ventures Into Web3 By Collaborating with Sui, Targets Gaming And SocialFi Markets
April 17, 2024
Binance Integrates Omni Network’s OMNI Token Across Financial Products For Enhanced Trading Experience, Launches OMNI Perpetual Contract
Markets News Report Technology
Binance Integrates Omni Network’s OMNI Token Across Financial Products For Enhanced Trading Experience, Launches OMNI Perpetual Contract
April 17, 2024