Nifty News: PROOF cancels NFT conference, Bitcoin meme creator cashes in $150K and more

cointelegraph.com:

Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds has confirmed that their flagship conference “Proof of Conference” scheduled for May has been canceled, citing “less interest than anticipated.”

We made a tough decision today, I want to apologize to everyone that planned on making the trip out. Full ETH refunds have been processed, hotels are refundable, and contact us about flights. (details below) https://t.co/tV4ba85648

The conference was first announced in early November. It was scheduled to run on May. 11 to May. 13 in Los Angeles.

However, Rose explained in a Feb. 20 letter to ticket holders that it wasn’t “the right time” for the conference:

Rose explained that he and his PROOF team considered alternatives, such as opting for a new location to Los Angeles — where it was set to be held — a smaller venue, reducing the scope of the event and lowering ticket prices.

But ultimately, it was best to cancel the whole event, he said.

Rose confirmed that Ether (ETH) refunds are being processed right now and that PROOF has a claim page for people to submit non-refundable flight cancellations.

The event was going to feature Michael “Beeple” Winkelmann — the artist behind the famous NFT that sold for $69 million in March, 2021 — Reddit co-founder Alexis Ohanian, Greg Solano and Wylie Aronow of Yuga Labs and NFT entrepreneur Gary Vaynerchuk, among others.

The announcement comes despite the NFT market soaring in recent months, with the month of January in particular seeing an eight-month high in monthly NFT trading volumes above $1 billion.

The emergence of NFT-like “Ordinals” on Bitcoin over the last month has brought a series of meme images to the network of late, including a famous Bitcoin wizard meme