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

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.  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

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No Barrier to Fortune: It’s Not Too Late To Be a Crypto Billionaire

It’s an interesting time for crypto. As more and more institutional investors buy into Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies, there might be some investors wondering if they have missed the boat, especially as the dizzying market heights of 2021 gave way to the sobering slump at the start of 2022. In its earlier days, cryptocurrency was famous for creating Bitcoin billionaires from young, free-thinking individuals who didn’t come from traditionally wealthy backgrounds. Now that crypto can be said to be going mainstream, has crypto wealth become the preserve of the besuited financial magnates that Bitcoin once tried to defy? The evidence doesn’t seem to bear this out. In fact, the biggest crypto influencers of today are still inspirational and come from a range of backgrounds, ages and countries. Let’s take a look at some of the most inspiring crypto influencers in the field right now. Carl ‘The Moon’ Runefelt – from bagging to balling Carl Runefelt, better known by his social media handle ‘The Moon’, is one of the most popular current crypto influencers, with over 500K subscribers on YouTube and more than one million followers on Twitter. Runefelt is notoriously bullish on Bitcoin and has made a considerable amount of money on the original cryptocurrency. He isn’t shy of flaunting his wealth, either, snapping up rare NFTs for millions of dollars and showing off his new Bugatti (bought with ETH trading profits) to his followers while the market was crashing at the end of 2021. But doesn’t Runefelt have a right to be proud of his wealth? After all, he came from humble beginnings and has said in interviews that he wanted to inspire his followers to achieve the same. Before getting into crypto, Runefelt actually worked at a groceries store in his home country of Sweden. At 22, the young grocery worker was bored and frustrated with life and his career prospects. He started investing his savings in gold and precious metals but became disillusioned by the corruption and inefficiency of the banking system. Seeing a crypto video on YouTube inspired him to invest in crypto and start his own YouTube channel in 2017. Runefelt’s crypto investments were a success, and so was his channel ‘The Moon’. By investing, trading and giving advice on the same to his followers, Runefelt completely changed his life. He credits the Law of Attraction and the power of visualization as key parts of his journey to the lavish lifestyle that he enjoys today. Runefelt now lives in the playboy paradise of Dubai and continues to be active in crypto and NFTs, as well as promoting his own payment app, Kasta. Despite expanding into other areas of the crypto industry, the Swedish rags-to-riches star is still bullish on the original cryptocurrency, claiming that BTC will never go back down below $10,000 and may even reach $200K in the next three years. Hold on to your dreams – crypto stars are still being made  The story of Runefelt, who managed to turn his life around completely in his twenties, is an inspiration to crypto traders today, and the crypto world continues to be a way for people to make money outside of the traditional track to wealth. While many famous investors do study at elite colleges, Ethereum founder Vitalik Buterin famously dropped out of university to focus on crypto. In 2012, a 12-year-old Eric Finman spent a family gift of $1,000 buying Bitcoin at prices ranging from $10 to $12, trades that made him a millionaire by 18 and even richer today. The volatility of altcoins still presents an opportunity for such huge returns today, with new crypto influencers emerging from humble backgrounds all the time. Rachel Siegel was a struggling substitute teacher. At 29 and without any tech knowledge, she started investing around $25 a week into crypto and turned that into a seven-figure return, homeownership and a new career as a crypto influencer under the handle @CryptoFinally. Kane Ellis was only 18 and a high school dropout when he learned how to mine cryptocurrency and used those Bitcoin earnings over the years to found the online auto marketplace Carswap, as well as to buy a fleet of exotic cars for himself (unlike, Runefelt, he prefers a Maserati). These are just two more examples of crypto fans who struck it rich and built well-known profiles on top of that. Don’t forget all of those who make money but decide to avoid the spotlight and live less public lives. The truth is, the majority of wealthy crypto traders are ones you never hear about but are focusing on their own lives. Access to crypto wealth has never been easier The main reason crypto is still a great tool for building wealth is that almost anyone with a smartphone and internet connection can access the market these days, and this empowers a great part of the population that did not have access to traditional wealth-building products. StormGain remains the best all-in-one platform for crypto trading and investments, with over 60 digital assets to trade, including cryptocurrencies, indices, DeFi, metaverse tokens and more, in one easy-to-use app you can access from your smartphone or the web. With a low-commission, profit-sharing trading model and extensive suite of educational articles and videos, StormGain is one of the best entry points into crypto for new traders. The platform is also offering a +20% deposit bonus boost for new users till April 25, 2022.

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Crypto derivatives exchange SynFutures expands Arbitrum support via SushiSwap

SynFutures, a decentralized derivatives exchange, today has officially extended support for the Arbitrum network following an initial deployment in September of last year. The expansion allows users to access and trade a wide variety of Arbitrum assets in a fully decentralized and permissionless manner. To expand support for Arbitrum assets, SynFutures integrated with SushiSwap’s price […]

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Derivatives exchange SynFutures adds new multi-chain trading with Celer integration

SynFutures, a decentralized derivatives exchange, announced today a new partnership with layer-2 scaling platform Celer Network. Celer will bring multi-blockchain futures trading to SynFutures, enabling users to list and trade futures on any Celer Network partner chains. Celer Network is an inter-blockchain and cross-layer communication platform that transforms how multi-blockchain dApps are built and used […]

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