Kevin Rose, co-founder of PROOF and Moonbirds, surprised both the digital art and crypto communities by selling over $1.2 million in NFTs. This unexpected revelation sparked numerous questions about his role in the Web3 community. Rose clarified that he hasn't completely exited the Web3 space but is adjusting his investment strategy to align with anticipated market changes.

Addressing discussions about his recent activities on a major social media platform, Rose revealed that he's been closely monitoring his NFT collection, believing that widespread acceptance and adoption are still a ways off. He emphasized the importance of stablecoins, suggesting they may outperform NFTs in certain metrics. However, he expressed a continued interest in NFTs, indicating his intention to pause his involvement temporarily to pursue other business ventures.

On March 9th, Rose successfully sold a limited number of high-value items, including artwork from Tyler Hobbs’ Fidenza series and an exclusive piece by artist XCOPY, for significant sums of Ethereum. Additionally, he took steps to enhance his privacy by burning two domain names associated with the ENS.

Rose shared insights into his NFT trading strategy, emphasizing the importance of diversification to mitigate losses and noting that long-term appreciation, rather than immediate monetary gains, guides his investments. Yuga Labs' recent acquisition of PROOF, Rose's expansive company responsible for the Moonbirds brand, added another layer to the narrative, increasing visibility for the project and the NFT community as a whole.

Rose's recent actions and statements underscore the progressive mindset of a leading figure within these communities amid the ongoing crypto-art revolution. He remains open to integrating both technological and artistic elements into NFTs, highlighting the dynamic and ever-evolving relationship between audiences and the Web3 world.