without any need for an off-chain storage provider, NFT can be generated entirely off the underlying smart contract it is the definition of Storing an NFT “in the chain”.
PROOF as the private community behind the Moonbirds NFT collection has declared it is changing positions of the blue-chip collection entirely “in the chain”, Which means that images can be completely comprised within the underlying smart contract.
On August,30 Harri Thomas a director of products at PROOF in a Future PROOF which is a community live stream explained that in the future, the viewable image of a Moonbird NFT will be “constructed from the contract itself from art layers, which are going to be stored on the blockchain.” “We’ve talked about putting the birds ‘on the chain’, so what I’m here to tell you today is that they’re not only going to be ON chain, they’re going to be put IN chain.”
Unlike most NFTs are simply tokens that juncture to the images are stored off the chain, Thomas clarified that their Ethereum-based NFTs will be different. “This is an unusual approach. Certainly not unique,” Harris said.
Although Thomas did not give any information about when the NFT collection will make this shift, noticed that it is a “primary focus” for the smart contract team, so “hopefully not too long.”
Justin Mezzell as Co-founder officer and one of the hosts of the live stream added: “It’s cool to enter that rarefied space of a fully in-chain project and making sure that this project is really fully decentralized and viewable for just generations.”
live stream gives some data about Moonbird Mythics, the first official development of PROOF’s Moonbirds collection will start in early 2023. This project will bound 20,000 NFTs and is the organization’s third NFT profile picture (PFP) project.
$50M budget
by capital firm Andreessen Horowitz (a16z), PROOF has just boosted $50 million in a Series A sponsoring round, along with cooperations with Seven Seven Six, True Ventures, Collab+Currency, Flamingo DAO, SV Angel, and VaynerFund.
“It’s great to have this vote of confidence from some of the most respected investors in Web3, as well as capital to keep delivering great products and services as we mature this business over the long term,” said PROOF founder Kevin Rose.
collection of 10,000 computer-generated pixel owl avatars during 48 hours of launch entirely has sold out the Ethereum-based Moonbirds NFT project in April earning $281 million in sales at the time. Although the bear market its success earned a title as a “blue-chip” NFT.
in terms of entire volume traded at almost 169,000 Ether (ETH),Moonbirds is ranked at number seven in terms and now at a floor price of 13.8 ETH ranked number one in the 24-hour charts.
Other statements made along with the Future PROOF live stream comprised an impending start of a PROOF social platform, the creation of a new decentralized autonomous organization (DAO) that will attend to licensing of the Moonbirds name, and a “real utility” new PROOF token that will have — with further detail expected in 2023.
