Who: A NFT Blockchain Enthusiast DAO committed to the growth of ERC721's and Digital Collectibles as a burgeoning, viable use case.
What: Introducing an innovative community with the focus firmly affixed onto the NFT community and the growth of digital art, supporting these tech-savvy, niche artists in the process.
Where: Ethereum for NFTs, xDAI sidechain for DAOStack governance
When: December 2020 (live)
Why: The volume that NFTs now enjoy on OpenSea is undeniably taking off. The innovations that projects are introducing into these NFT communities represent the bleeding-edge of tech. Unlike high barrier to entry blockchain trends reserved for Solidity savants or talented blockchain engineers, NFT sales have disproportionately nourished artists and hobbyists over VC-backed platforms. We're also enamored with the DAO as a governance tool, encouraging the egalitarian spirit and including the community in meaningful decision making, serving to ignite passion for a project, manifest traction, and provide direction better than a disconnected corporate board.
How: Our function as an NFT DAO treasury is to partner with talented, established crypto artists to mint new NFTs to the OpenSea community. The embracing of the hard coded
droit de suite ensures that artists are given the streams of income they require to further their artistic visions and provide the financial footing they need to thrive.
Key Understandings:
- DAO voting participation is by invitation through the ownership of a NFTsDAO NFT, scraped daily.
- Minted NFTs can be resold to NFTsDAO at the mint price, at any time. This serves to provide 25% to the artist on the mint sale as well as 25% on the return sale, hard-coded into the Rarible NFT.
- You may keep your NFT for years, sell for a premium on the OpenSea marketplace, or back to the NFTsDAO as you see fit, based on your NFT investment philosophy.
- We're always looking for new and innovative ways to provide stability for NFT artists, stimulate their sales, and amplify NFT visibility among tech circles and beyond to touch the larger art world.
The old marketing truism of visibility representing credibility will be embraced, with high-quality content being produced to further this DAO's standing and the NFT ecosystem as a whole. A rising tides lifts all ships. With
BTC pulling up or down crypto pairs, we, as a community, can understand this intimately. Transparency is also necessary for trust. Through regular livestreams/media, we aim to introduce high-quality content that demonstrates the implementation of the use case of an NFT DAO that pivots to the community and allows the best ideas to ascend and manifest into action.
https://www.NFTsDAO.com
