Acquisition of DG's 80 plot estate
by 0x8218a2445679e38f358e42f88fe2125c98440d59 (1010)
An informal discussion arose amongst DAO members on the land buyback channel in Discord about the possibility of acquiring DecentralGames’(DG) 80 plot estate that has been listed on the DCL marketplace.
The current 80 plot estate sits inside Vegas District and is currently listed at 150k MANA. https://market.decentraland.org/contracts/0x959e104e1a4db6317fa58f8295f586e1a978c297/tokens/5396
The objective of this poll is to decide whether a block purchase of the estate should be considered.
Based on a preliminary assessment, these are the benefits and risks associated with the purchase.
Benefits
80 plots altogether allows a good amount of DAO/building activity to be centralised in terms of location, for easier viewing, rather than being scattered.
The listed price of 150k mana for 80 plots of land signifies a price of slightly less than 2k mana per plot, which is below the floor price as of the moment this poll is launched.
Save gas fees on modifying the estates should the algo purchase the similar estate but in a partial form.
Delegating “operator” status to multiple entities will be a non-issue, confirmed with HPrivakos.
Risks
The DAO will own a relatively sizeable portion of estate within Vegas District, which may give an impression that the DAO is owned or related to the latter.
May be perceived as piggybanking DG as it liquidates it’s lands.
May be perceived as unfair to other sellers.
Caveats
This poll is non binding and is subjected to DG being willing to hold on to said estate until the governance proposal is passed and enacted.
Clauses will be added to ensure that no more parcels within Vegas District will be purchased for 1 year to ensure that the land purchase proposal is not deemed to be piggybanking DG.
DecentralGames and all entities associated to it is not allowed to vote in the proposal due to a conflict of interest. Any participation by DG and it’s entities will nullify the proposal.
Options available to vote
- Purchase ESTATE and withold LAND purchase for 4 months starting from July.
- Purchase ESTATE and continue with LAND purchase.
- Don’t purchase ESTATE.
LAND purchase refers to the recently passed governance proposal to acquire LAND for DAO use. https://governance.decentraland.org/proposal/?id=a315f220-e31b-11ed-ae6b-bdc7e2b26a35
- Purchase Estate, withold LAND purchase
- Purchase ESTATE and continue LAND purchase
- Don’t purchase ESTATE
- Invalid question/options
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xCA9C...70cB69 | 980,600 | Don't purchase ESTATE |
 0x3fB3...c7A13B | 934,617 | Don't purchase ESTATE |
 0xd6eF...9D6eF6 | 606,968 | Purchase Estate, withold LAND purchase |
 0x247e...9db418 | 532,511 | Purchase Estate, withold LAND purchase |
 0x89a1...6e99a9 | 515,782 | Purchase Estate, withold LAND purchase |
VOTE POWER
Proposal Status
- Mon May 22 2023, 07:16 pmVoting Period Starts
- Sat May 27 2023, 07:16 pmEnd Voting Period
Current Results
1-Purchase Estate, withold LAND purchase
2.972M
2-Don't purchase ESTATE
2.035M
3-Purchase ESTATE and continue LAND purchase
8,306.471