How Kevin Rose is Building NFTs During the Bear Market

Kevin Rose moonbirds

Kevin Rose is a Silicon Valley angel investor and serial entrepreneur who co-founded Digg, Milk, and Revision3. With the recent buzz around NFTs, Rose has turned his attention toward the blockchain space, launching a new NFT project called Proofs.

Proofs is an NFT platform that aims to offer a unique experience for buyers, providing them with proof of ownership in a tangible form. Rose and his team are building the platform with the goal of making it more accessible to people who are unfamiliar with blockchain technology.

Revolutionizing NFT Ownership

One of the main challenges for NFTs is establishing proof of ownership. NFTs are unique digital assets that are stored on the blockchain, but it can be difficult for people to verify that they own a particular NFT. Proofs aim to solve this problem by providing buyers with physical proof of ownership in the form of a beautifully designed acrylic display case that holds the NFT on the blockchain.

Proofs has already gained traction in the NFT community, with high-profile investors like Mark Cuban and Chamath Palihapitiya backing the project. The platform has also attracted a number of high-profile artists and creators, such as musician Steve Aoki and digital artist Trevor Jones, who have created exclusive NFTs for the platform.

Building During a Bear Market

Building a new project in the NFT space can be challenging, especially during a bear market. The price of many NFTs has fallen sharply since the market peak in early 2021, and there is a lot of uncertainty about the future of the NFT market.

Despite these challenges, Rose remains optimistic about the future of NFTs and believes that Proofs has a unique value proposition that can withstand the ups and downs of the market. He points out that NFTs have the potential to transform the way that digital content is owned and monetized, and that Proofs is well-positioned to capitalize on this trend.

Looking Ahead

The NFT market is still in its early stages, and there is a lot of room for innovation and growth. Proofs is one of the many NFT platforms that are emerging, but it stands out for its focus on creating tangible proof of ownership for buyers.

As the NFT market continues to evolve, it will be interesting to see how platforms like Proofs adapt and innovate to stay ahead of the curve. With its unique approach to NFT ownership and its high-profile backers and creators, Proofs is a project to watch in the coming months.

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