Moonbirds will store NFT art 'on-chain' - raises $50M in Series A funding
Storing an NFT "on-chain" means that the NFT can be generated entirely from the underlying smart contract, without having to need an off chain storage provider.
New
PROOF, the private community behind the Moonbirds NFT collection, has announced that it is completely transferring its collection of top notch chips "onchain", allowing images to be fully contained within the smart contract under -lying.
In a community live stream titled "Future PROOF" on August 30, Harri Thomas, Product Manager at PROOF, explained that the new approach will mean that in the future, the visible image of a Moonbird NFT will be "built from the contract itself from the layers of art, which are going to be stored on the blockchain."
"We talked about putting the birds 'on a chain', so what I'm here to tell you today is that they're not just going to be ON a chain, they're going to be on a chain. ”
Thomas explained that their Ethereum-based NFTs will be different from most other NFTs which are simply tokens that indicate where images are stored off-chain.
"It's an unusual approach. Certainly not unique," Harris explained, adding that another example of an NFT project using the same approach is OnChainMonkey, a 10K PFP NFT collection launched in 2021.
Thomas declined to provide a date when the NFT Collection will make this change, but noted that this is a "primary goal" for the smart contracts team, so "hopefully not too much. a long time".
Co-founder and Head of Product Justin Mezzell, who was one of the hosts of the live stream, added:
"It's cool to step into this rarefied space of a fully blockchain project and make sure that this project is truly fully decentralized and visible to only generations."
The live stream also revealed the first official expansion to PROOF's Moonbirds collection, known as Moonbird Mythics, which is set to launch in early 2023.
The collection will cover 20,000 NFTs and is the organization's third NFT Profile Picture Project (PFP).
Storing an NFT "on-chain" means that the NFT can be generated entirely from the underlying smart contract, without having to need an off chain storage provider.
New
PROOF, the private community behind the Moonbirds NFT collection, has announced that it is completely transferring its collection of top notch chips "onchain", allowing images to be fully contained within the smart contract under -lying.
In a community live stream titled "Future PROOF" on August 30, Harri Thomas, Product Manager at PROOF, explained that the new approach will mean that in the future, the visible image of a Moonbird NFT will be "built from the contract itself from the layers of art, which are going to be stored on the blockchain."
"We talked about putting the birds 'on a chain', so what I'm here to tell you today is that they're not just going to be ON a chain, they're going to be on a chain. ”
Thomas explained that their Ethereum-based NFTs will be different from most other NFTs which are simply tokens that indicate where images are stored off-chain.
"It's an unusual approach. Certainly not unique," Harris explained, adding that another example of an NFT project using the same approach is OnChainMonkey, a 10K PFP NFT collection launched in 2021.
Thomas declined to provide a date when the NFT Collection will make this change, but noted that this is a "primary goal" for the smart contracts team, so "hopefully not too much. a long time".
Co-founder and Head of Product Justin Mezzell, who was one of the hosts of the live stream, added:
"It's cool to step into this rarefied space of a fully blockchain project and make sure that this project is truly fully decentralized and visible to only generations."
The live stream also revealed the first official expansion to PROOF's Moonbirds collection, known as Moonbird Mythics, which is set to launch in early 2023.
The collection will cover 20,000 NFTs and is the organization's third NFT Profile Picture Project (PFP).
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