PROOF Collective Co-Founder and CEO on Expansion, Future of NFTs

The video discusses the value of NFT collections, emphasizing the importance of community engagement and decentralized ownership. It compares Moon Birds to other NFT collections, highlighting its unique community-driven model. The utility of NFTs is explored, focusing on ownership and creative potential. The future of Web 3 and blockchain technology is discussed, with implications for existing social platforms and the potential for new, consumer-focused businesses.

What is a key factor that makes an NFT collection valuable?

• The rarity of the digital art

• The number of NFTs in the collection

• The strength and engagement of its community

• The price of Ethereum

How does the Moonbirds NFT collection differ from others like Bored Apes?

• It is a centralized brand

• It focuses on quick financial gains

• It emphasizes art appreciation and long-term building

• It is primarily for anonymous users

What challenge is associated with anonymity in the NFT space?

• Inability to create digital art

• Risk of projects disappearing unexpectedly

• Difficulty in raising venture capital

• Lack of community engagement

How do NFTs provide utility beyond being digital art?

• By offering discounts on physical art

• Through ownership and community-driven creativity

• By increasing in value automatically

• By being part of a traditional media company

What is a potential benefit of community involvement in NFT projects?

• Enhanced brand exposure and creativity

• Limited creative opportunities

• Reduced value of the NFTs

• Increased control by a central authority

What is a significant change Web3 aims to bring to the internet?

• Centralized control of digital assets

• Increased data collection by companies

• More advertisements on social platforms

• Consumer empowerment and privacy

How might existing social platforms be affected by Web3 technologies?

• They will face challenges from new, innovative companies

• They will become more centralized

• They will remain unchanged

• They will increase user data sales