The digital collection platform, Proof, has launched the latest 10,000-piece digital collectibles. The new collection comes with a variety of 22 creators, which includes famous names like Beeple, Terrell Jones, and Summer Wagner.
Furthermore, the new “Moonbirds: Diamond Exhibition” collection will be exclusively available to Moonbird holders who have attained the Diamond Nest standing by staking their digital collectibles. Meanwhile, the latest digital art’s release date will be April 27.
Proof partnered with the United Talent Agency early in January to expand its brand beyond Web3. At the same time, the firm announced the launch of its Grails lll collections, which featured the work of notable creators.
However, like other platforms, Proof was significantly impacted by the crypto market correction. In February 2022, the NFT platform reportedly halted its yearly Proof of Conference over numerous operational challenges.
The collapse of the crypto-friendly bank Silicon Valley Bank (SVB) in March also affected the digital art platform. The firm revealed that it is exposed to the insolvent bank through the funds it invested with SVB.
However, Proof has continuously reassured its users that its financial health is robust enough to ensure smooth operations.
SVB is not the only bank offering banking services to crypto firms. Other banks affected by the banking crisis include Silvergate Bank and Signature Bank, who have all reportedly been bankrupted due to the massive bank runs they experienced.
Meanwhile, the crypto and Web3 market is beginning to take shape once again following last month’s scare.