“As you know, in the world of NFTs, timing is everything. And today, it’s time for us to recognize that right now isn’t the right time for the PROOF of Conference,” wrote Proof Founder Kevin Rose.
The post states that those who purchased tickets will receive a refund within the next few hours. However, the traders will retain the NFT received as proof of purchase for the canceled event.
Additionally, hotels booked through the conference’s discounts will be fully refundable, and airfare cancellations that result in fees may be submitted to Proof for refund consideration.
On Monday, the Moonbirds team conducted a town hall meeting on their Discord server, which was limited to holders. However, according to members, the meeting failed to provide sufficient clarity or assurance regarding the project.
During the town hall meeting, the team disclosed that only approximately one hundred individuals booked hotels through Proof’s links, leading the team to believe that there wasn’t enough interest in the conference, despite the possibility that others may have made their own lodging arrangements.
Proof further said in a Twitter post that the company would focus on delivering products, art, and connection while setting a March 2nd date to provide an update on all active Moonbirds initiatives.
The team also promised smaller focused events for the year that would be announced on events.proof.xyz.
Overall, the community reacted negatively to the news.
“They are saying absolutely nothing substantial,” said one holder. “Don’t accept your sorry…too many missteps!” said another.