Moonbirds DAO to be established early next year! Actively consolidating the ecosystem, buying a large amount of Moonbirds.

The parent company Proof of the NFT blue-chip project Moonbirds announced that it will launch Moonbirds DAO in early 2023, aiming to empower creators to further develop Moonbirds' ecosystem, reputation, and memes.

Proof Team Establishes Moonbirds DAO

The Proof team conducted a new round of fundraising in August, raising $50 million with a16z as the lead investor. They have now decided to allocate $2.6 million to establish Moonbirds DAO, consisting of:

• $2 million in ETH
• $100,000 in Moonbirds obtained from the Proof treasury, around 7 of them
• $500,000 used to purchase around 37 Moonbirds

How Does DAO Raise Funds?

The DAO will establish its own treasury, funded by Proof, and will receive ongoing cash flow through secondary royalties.This funding will enable the DAO to deploy funds to projects or investments related to Moonbirds to further advance Moonbirds' mission.

35% of the secondary royalties from Moonbirds and Oddities will enter the DAO in the form of ETH. Additionally, any relevant tokens or airdrops from NFTs will also enter the DAO treasury.

How Will DAO Operate?

Starting early next year, Moonbirds will establish a website where members can undergo identity verification through their Moonbird. Once verified, they will have the authority to submit proposals, vote on them, and manage the DAO treasury, with Proof guiding the establishment and operation of the DAO.