Moonbirds Launches Lunar Society, First Proposals Open Feb. 28

The NFT project Moonbirds launched the Lunar Society (FKA DAO), which aims to develop the Moonbirds and Mythics brands and empower the community to reshape the holder experience. The Lunar Society will fund the following types of projects: elevating Moonbirds in the Web3 community, promoting the Moonbirds and Mythics brands outside of Web3, and experiences or products that directly benefit holders. The purpose of the Lunar Society is to enhance and support the program run by the core PROOF team, not replace it, the parent company PROOF remains and continues to build. The Lunar Society has received $2 million in seed funding in ETH and USDC and will receive 35% of net secondary sales royalties on the Moonbirds and Mythics series. The DAO vault will hold 50% ETH and 50% USDC, and the vault’s multi-signature wallet is currently controlled by the PROOF team. The governance of the Lunar Society is limited to Moonbirds and Mythics holders, each Moonbirds has 3 voting rights, and each Mythics has 1 voting right. According to the official Twitter, the Lunar Society will open for proposal submissions on February 28, and the first vote will be held the week of March 13.