Moonbirds DAO Prepares for Launch With $2.6M Seed from Kevin Rose’s Proof

Moonbirds, a popular non-fungible token (NFT) collection has announced plans to introduce its DAO (decentralized autonomous organization) community governance in early 2023.

The project’s founder and longtime internet entrepreneur Kevin Rose disclosed on Monday that the DAO structure is being created to “empower creatives that are building towards furthering the Moonbirds ecosystem, reputation, and lore.”

The Moonbirds DAO will allow owners of Moonbirds NFTs and the upcoming Moonbirds Mythics NFTs to join, participate, and submit voting on proposals to expand the ecosystem around the tokenized owl collectibles, Rose explained.

Proof, the private community behind the Moonbirds NFT collection, will seed the DAO with around $2.6 million worth of assets, including $2 million worth of Ether (ETH).

Proof, which was co-founded by Rose, will spend another $500,000 to buy Moonbirds NFTs on the market—an estimated 37 NFTs, based on the current floor price (or cheapest available NFT). Proof will also award the DAO with its own Moonbirds NFTs worth $100,000, according to the report.

Besides that, Proof will also grant 35% of the ongoing creator royalties from both Moonbirds and its spinoff Oddities collection to the DAO. The decentralized autonomous organization will launch with a “cold start” caveat that allows Proof veto any “rogue proposal.”

In August, Proof revealed the first official expansion of the Moonbirds collection, known as Moonbird Mythics, expected to launch in early 2023.

In August, Proof also raised $50 million in a Series A funding round led by venture capital firm Andreessen Horowitz (a16z), and other participants such as Seven Seven Six, True Ventures, Collab+Currency, Flamingo DAO, SV Angel, and VaynerFund. Proof planned to use the fresh funding to launch its latest Moonbirds NFT collection and a social platform for NFT collectors.

In April, Moonbirds completely sold out its collection of 10,000 computer-generated pixel owl avatars within 48 hours of launch, making $281 million in sales at that time.

Moonbirds is a collection of non-fungible tokens that follows the ERC-721 standard on Ethereum’s blockchain ecosystem. The NFTs feature portraits of ‘owls’ (a group of mysterious birds), with exclusive characteristic elements that make each token a rare piece of investment.

The Ethereum-based Moonbirds NFT project offers a pool of opportunities for investors looking to reap profits from non-fungible tokens. According to OpenSea, Moonbirds is ranked at number seven in terms of total volume traded at approximately 169,000 Ether (ETH).

Despite the bear market, NFTs continue gaining popularity as investors from across the globe are actively participating in innovative projects. NFTs have taken a toll on investors, with global icons like Snoop Dog, Naomi Osaka, Jack Dorsey, and Tiger Woods, among others, placing their big bets on related projects.

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Will NFTs Kill Traditional Art? Famed Collector Cozomo de’ Medici Makes The Case

Digital magazine and gallery Artnet gave Cozomo de’ Medici the keys to the castle. The notorious NFT collector took over their very popular Twitter account to raise hell. Cozomo de’ Medici’s thesis is that “the internet killed the yellow pages. Netflix killed Blockbuster,” and NFTs will replace traditional art. A bold prediction, we know, but let’s give the pseudonymous collector the benefit of the doubt and explore his thread.

Related Reading | DAO To Make Jodorowsky’s Dune Manuscript Public: Member Won $3M Bid

The story starts with Artnet NFT 30. A list of the 30 most influential people in the NFT world. Of course, Cozomo de’ Medici was one of them. As a publicity stunt, Artnet gave Cozomo control of their Twitter. “And starting now, I will be taking over the ARTNET Twitter! I warned them I may be controversial ;),” de’ Medici said. And then, “Ok frens, so I dropped a bit of a bomb over on the Artnet twitter account. They had NO idea I was going to do this!”

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Besides NFT recommendations and commentary, Cozomo de’ Medici made a name for himself on Twitter by making outrageous statements. One of them is, “Crypto billionaires will flip traditional billionaires. NFTs will flip traditional art.” Let’s explore that idea.

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NFTs Will Kill Traditional Art, According To Cozomo de’ Medici

The notorious NFT collector begins by comparing the NFT revolution to the advent of Reality TV. “For almost 100 years, the studios decided which actors would be lucky or talented enough to become stars. But then in the 2000’s, everything changed. The cameras turned from focusing on actors, to every day people. With Reality TV, soon it wasn’t a trained actor who was getting famous, but your classmate, co-worker, or next door neighbor. ”

Ok, so far so good.

Then, Cozomo turns to art. For centuries, “kings, queens, and noble folk decided which art was relevant.“ Then, the tide shifted, “in the Victorian era of the 1800s, galleries, museums, and collectors began to move markets.” The problem here was that the public had zero access to these artists. By the time they learned “about Warhol or Basqiat, their work has become expensive, the best pieces gobbled up by known collectors and market makers.”

Enter NFTs. “No museums. No galleries, other than the marketplaces, and the galleries made by collectors themselves.” A heap of now well-known artists came out of this change of paradigm. But that’s not all, “any artist, from any where in the world, with no invitation, can mint a drop.” Also, the power shifted to the consumer. “YOU can decide which artists will define this generation.“

You’re In Control Of The New Art Elite

Then, Cozomo de’ Medici shouts out two artists. Who, of course, are part of Artnet NFT 30 as well.

Photographer Justin Aversano and Digital artist Xcopy. Who, of course, are a big part of Cozomo de’ Medici’s collection.

To finish, de’ Medici goes all in. “We are the market makers now. We create our own museums. We decide which art defines this generation. We are the digital renaissance.”

The reactions have been mixed. Some people don’t buy it, some people think Cozomo de’ Medici is a genius. In what camp are you? Are you convinced or nah? Is Cozomo exaggerating for effect? Or does he or she really believe that? Is Cozomo ahead of his or her time or clinically insane? And, more importantly…

Who’s Cozomo de’ Medici?

No, he’s not Snoop Dogg. That was a publicity stunt that worked too well and even journalists still believe.

To answer the title’s question, let’s quote the publication that started this whole mess. In Artnet NFT 30, they introduce him as follows:

“Ever since the mysterious collector behind this Twitter handle emerged on the scene in August, they’ve captivated the cryptorati with a combination of gnomic utterances and sage NFT investment advice, all packaged under a playful identity claiming a parallel between the famous patronage of Renaissance Florence’s Medici family (albeit with a tweaked spelling seemingly borrowed from Seinfeld’s Kramer) and Cozomo’s own pursuits in the digital art world today.”

Related Reading | Christie’s Will Auction Original Art From Gary Vee ‘s Veefriends NFT Collection

And about his collection, a huge part of this story, Artnet says:

“With astonishing speed, Cozomo acquired a collection of Art Blocks and CryptoPunks alongside NFTs by Justin Aversano, Tom Sachs, and a host of other artists. He now owns hundreds of artworks, including coveted examples that the crypto community calls “holy grails,” that are together valued in the tens of millions of dollars— including what he calls a “grail of grails,” XCOPY’s Right-click and Save As guy,”

The estimation is that his whole collection is worth $17M approximately. Take that for what it’s worth.

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Director David Lynch and The Band Interpol Join Forces For NFT Collection

This isn’t the first time that legendary director David Lynch works with Interpol. In 2010, Lynch’s animated short film “I Touch a Red Button Man” used Interpol’s song “Lights” as a soundtrack. The next year, Interpol used that short film as visuals for their Coachella performance. And now, a decade later, they’re both revisiting the work and turning it into eight NFTs.

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HIFI Labs adapted the work to the NFT realm by dividing it into seven pieces, plus an extra one that’ll be mixed with user-generated content. Through this site, they’ll be available for auction in the Superrare Ethereum marketplace. The pieces are 1/1 editions. This is the first one. They all feature an updated version of the “Lights” song. Forbes describes it as follows.

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“The new renditions feature a stripped-down version of the song, both by design and as a result of the band’s members—Banks, Daniel Kessler and Sam Fogarino—being physically separated for much of the pandemic.”

To paint a clearer picture, Banks said in an official statement by the band:

”The marriage of music and visual is an age-old tradition, and Lynch is a musician himself and has a love for music so it was a pretty organic way for artists from two separate media to come together. From our standpoint, we are all crazy about Lynch so it was amazing that our work was paired with his.”

It appears that Interpol is the force behind Lynch’s new and improved adventures in the NFT space. However, David Lynch tweeted about it. So, he’s aware and supports the project.

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David Lynch’s “I Touch A Red Button Man”

This is the “I Touch a Red Button Man” short film in all its glory:

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At the time of the original collaboration, Banks told the Huffington Post:

“It’s important to clarify that Mr. Lynch did not make a music video for our song. He made an animation of his character, and allowed us to show it. If you missed us at Coachella, then we’re proud to share this with you now. The Red Button Man… doing his thing.”

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Particularities About The “I Touch A Red Button Man” NFT Collection

First of all, the artists want you to know that “This is a carbon neutral collaboration thanks to our partnership with Aerial.” The mania about the supposed environmental cost of NFTs is rampant online, so they went with a company that verifies carbon offsets. What more could fans want? Well, maybe to be a part of the collection. About this, Forbes informs:

“ In the spirit of fandom and collaboration, fans will be able to add light personal creative touches to one of the eight pieces in the 3D gallery, and one collaborator will be chosen to receive the collaborative NFT for free.”

Related Reading | 17% Of Ethereum Addresses Hold Majority Of NFTs

Go to the website, choose UGC TV8, and use the very rudimentary tools they provide to be a part of history. UGC stands for User Generated Content and you could be that user. Just be sure to leave your mark and your email before November 7th. There’s still time to collaborate with both David Lynch and Interpol.

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$2M+ In Bids Already Placed For The First Dolce & Gabbana NFT Collection

The auction for the digital items of Dolce & Gabbana ’s Collezione Genesi ends tomorrow. From a total of nine pieces, five have a physical and a digital version, which reportedly are wearables that can be used in the metaverse. This is the first high-fashion meets NFTs moment, but it certainly won’t be the last. Besides the competitors that are surely going to pop out soon, Dolce & Gabbana themselves are planning a whole lot more in the space.

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But, let’s not get ahead of ourselves. The official auction site describes the collection as:

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“In a historic moment for the NFT ecosystem, Collezione Genesi is the first luxury NFT collection that involves both digital and physical works, truly bridging the physical and the metaphysical.”

The legendary fashion brand, Dolce & Gabbana, is working alongside UNXD, who describe themselves as “a curated marketplace for the best of digital culture.” They inform us that “All pieces were personally designed by Domenico Dolce and Stefano Gabbana exclusively for UNXD.” Here’s a phenomenal video showing the nine available items, but, make sure to notice that since it was published the bids have doubled up. And the number will probably increase tomorrow.

Also, notice that the tweet comes from Polygon’s co-founder Mihailo Bjelic. The Dolce & Gabbana ’s NFTs live on the Polygon network.

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Dolce & Gabbana Hits First And Hits Hard

Even to the casual observer, it’s obvious that Dolce & Gabbana ’s Collezione Genesi is a well-thought-out project. Their advisors knew what they were doing.  As we said, the NFTs come with a digital wearable piece. They also include a handmade sketch of the piece, and, more importantly, access to a community.

As NewsBTC established when analyzing Gary Vee’s Christie’s auction, community and access might be as important as the art when it comes to NFTs. The Dolce & Gabbana team obviously understands that, so they’re offering two crucial items with their genesis collection. 1.- A 3-day pass to Dolce & Gabbana ‘s “Alta Moda couture,“ the brand’s own biggest event for next year. The pass includes access to all the shows and parties. Plus, a private atelier tour. 2.- Membership to the DGFamily NFT community.

For a better explanation of that last item, let’s quote UNXD:

“Dolce & Gabbana will next roll out the #DGFamily NFT community. 4 exclusive levels, including an ultra-exclusive gold level whose inaugural members will be the winners of this Genesis auction. A similar approach to digital + physical + experiential access.”

So, this auction is the first step in a journey of a thousand miles, so to speak. Dolce & Gabbana is all in on the NFT space.

High Fashion And NFTs Belong Together

When our sister site Bitcoinist announced Dolce & Gabbana ‘s NFT collection, they made a great point:

“What’s more, high fashion and acquiring expensive items is not about necessity. Rather, it caters to being part of the luxury culture and communicating status. In many ways, NFTs also fit this bill, in that, they too have become indicative of status.”

However, for the fusion to succeed, there needs to be a landmark case. A moment that makes everyone involved see the light. Is this Dolce & Gabbana collection it? Well, it mixes the crypto universe with the real world and it’s backed by a legendary brand, but, is that enough? 

According to UNXD, the collection took the creators “an insane 16,000 hours of collective time.” It consists of “9 one-of-a-kind pieces that will never be made again.” So, you know?, it’s rare. Also, “Many of the pieces used creation techniques that are only known by a handful of people alive today. This is museum-grade work.” To top it all off, they promise, “These pieces look and “feel” real and will change how people think of digital assets.” 

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That sounds incredible, but, it also opens a question. In what metaverse will they be wearable, exactly? Which one of your digital avatars will you be able to crown with “The Impossible Tiara” or “The Doge Crown”?

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