The purpose of this post is to gauge interest around developing an nft-vault that could be a revenue channel for the DAO. If the discussion goes well then I will write up a more formal proposal.
Many of us have been enjoying the member perks of the nft-club and the subculture that is starting to form which has been great. We are minting new projects, taking big risks, and pioneering this space in hopes to help build and support other NFT communities. The sick jpegs and ridiculous profits is nice too
However, the gas wars are real and the battlefield is bloodied with the gwei of our enemies. Despite this, we continue to invest in the NFT cultural revolution because we believe the value of these ‘jpegs’ will endure. I proposition the group to consider creating an NFT vault that we as DAO members can contribute to. The vault would then be used to purchase and sell NFT’s on behalf of the DAO. The vault would follow standard governance protocols and would have a multisig wallet set up. Bankless Members are then able to contribute eth to the vault which is then pooled together purchase and sell NFT’s. The decision on which projects to invest in requires voting and transactions require multisig by the NFT Guild ? (is that alpha??).
Benefits to the DAO
Several benefits exist including:
Increased liqudity for the DAO. Because members are contributing ETH to the vault we are accruing value. In the case of a financial emergency the DAO could vote to tap the NFT vaults assets for liquidity
***EDIT: NFT’s could be fractionalized as well to offer to all members for buy in one example solutions below. Revenue opportunities from collateralized loans and lending protocols. As we build up our assets we can loan these out NFTs or attempt to earn yield. While there are less NFT options available there are platforms available (https://www.nftfi.com/ as an example). This would give us passive income for the DAO. https://fractional.art/
Revenue opportunities from passive membership perks and benefits of owning the NFT. We all know how truly incredible some of these communities provide (random NFT drops? ) By HODL we have yet another passive income stream for the DAO
Rapid expansion of our social capital. In this space who you know is mission critical for our success. We are competing in an ecosystem. By joining exclusive clubs and investing in these nft communities we enhance our own ability to form strategic partnerships and source opportunities.
Finally my favorite benefit we all save on gas fees! This one is obvious, if we all have more ultrasound money in our wallets then we collectively have more resources for the DAO.
This idea came from business problems we began to identify from conversations we have daily in the nft-club. Shout out to those who I represent on this post: @jameswmontgomery.eth @CryptoBushi
Let the discussion begin!