- Proof Collective, the company behind Moonbirds, canceled its Proof of Conference event scheduled for May, citing lower-than-expected interest.
- Kevin Rose, Digg co-founder and developer of the PROOF initiative, apologized for the inconvenience caused by the cancellation.
- The company has refunded tickets in full and offered reimbursement for travel and lodging.
The PROOF Conference, an NFT conference planned by the PROOF Initiative and Moonbirds, has been canceled due to a lack of interest from the community. The conference was intended to set a new standard for NFT events and a key feature of being a Moonbirds owner. After weeks of sales data review and sponsor conversations, it became clear that there was significantly less interest than anticipated.
The PROOF initiative is a web3 project led by Kevin Rose, the co-founder of Digg. Their goal is to create a community-driven NFT ecosystem that empowers creators and collectors. The Moonbirds NFT collection, which consists of 10,000 unique ‘profile picture’ NFTs, is a central part of this ecosystem.
The Impact of Canceling the PROOF of the Conference
As per the official statement released by the team, they didn’t decide to cancel the event lightly. They considered several alternatives, including reducing the scope of the event, changing the venue, and lowering ticket prices. Ultimately, canceling the event was the best choice for PROOF.
The news has disappointed many in the community, but Kevin Rose acknowledged the inconvenience and apologized for the cancellation. However, the team has promised that the cancellation of the conference is temporary. They intend to host smaller focused events that can be expected until market interest warrants a more significant discussion.
Regarding trading volume, Moonbirds is among the top NFT collections on Ethereum and is sixth in total when all other chains are considered. The Moonbirds’ floor price is $11,331, with a 24-hour sales volume of 4,413.81 ETH.
With the cancellation of the conference, the PROOF and Moonbirds team has shifted their focus to execution and delivering products, art, and connection to their community. They plan to release a comprehensive report on ongoing Moonbirds initiatives on March 2.
Refunds and the Future of Ambitious NFT Projects
ETH refunds for purchased tickets, upgrades, and related transaction fees are being processed and should be in the original wallets within the next few hours. Hotels booked with half-priced discounts can be fully refunded. They have also created a claim page for people to submit non-refundable flight cancellations.
The PROOF of the Conference was an opportunity for the NFT community to come together, learn, and connect. It was an ambitious project to set a new standard for NFT events. However, the community’s lack of interest has damaged the event.
This cancellation serves as a reminder that timing is everything in the world of NFTs. Assessing market interest and community feedback is essential to create successful NFT projects. The Moonbirds collection and the PROOF initiative have a loyal following. Still, they will need to continue to listen to their community and adapt to ensure the continued success of their projects.
