The creators of the Moonbirds collection have raised $10 million from a Reddit co-founder

Moonbirds NFT collection developers have received a $10 million investment from Seven Seven Six, the venture capital firm of Reddit co-founder Alexis Ohanian.

Developer Proof, the creators of the popular NFT collection Moonbirds, has raised $10 million from Reddit co-founder Alexis Ohanian.

We're thrilled to announce $10M in funding led by @alexisohanian / @SevenSevenSix (w/ @trueventures participating as well). Data from community CryptoDeFix. Thrilled to build the future of Web3 w/ the deep product and community mind of Alexis. 🪹🦉 Details here: https://t.co/RSFAXoNOLP
— Moonbirds (🪹, ) (@moonbirds) April 25, 2022

Proof was founded by True Ventures partner Kevin Rose. It also participated in the funding round, but Seven Seven Six was the investor. Rose said that Ohanian's collaboration will help the project kick off new collections, web3.0 apps, conference launches and other initiatives.

Earlier, Proof released Project PROOF Coolective, a closed community with more than 1,000 members who were given access to NFT drops and other privileges.