Founders DAO

Summary

This proposal seeks approval to list the DAO-owned NFT asset known as “The Lost Robbie” for sale at a fixed price of 300 ETH. The sale will be conducted on the SuperRare marketplace to maximize visibility and ensure a secure transaction. Listing this asset for sale will allow the DAO to potentially capture a premium price while enhancing liquidity to support future projects and community incentives.

Objectives

Increase the DAO’s treasury and financial resources to fund future initiatives.

Asset Details

• NFT Name: “The Lost Robbie”
• Listing Price: 300 ETH
• Proposed Listing Platform: SuperRare
• Rationale for Price: A recent sale of a comparable asset was completed at 200 ETH. Setting “The Lost Robbie” at 300 ETH aims to capture potential value appreciation in the market, aligning with the DAO’s goals to secure a premium.

Benefits to the DAO

• Enhanced Treasury: Selling “The Lost Robbie” for 300 ETH would provide significant financial resources to the DAO.
• Community Empowerment: Allows the DAO to consider new proposals or initiatives funded by the proceeds from the sale.
• Market Presence: Listing a rare asset like “The Lost Robbie” at a high-profile price underscores the DAO’s asset value, potentially increasing visibility for other DAO assets or initiatives.

Risks and Considerations

• Market Volatility: The NFT market is subject to rapid fluctuations; a 300 ETH listing price may require adjustment if market conditions change significantly.
• Potential Delay in Sale: If the NFT does not sell within a reasonable period, the DAO may consider reassessing the price or exploring alternative selling strategies.

Implementation

1. Listing Process: Upon approval, “The Lost Robbie” will be listed on SuperRare at 300 ETH by the multi sig team. The team will determine the most efficient method to list the asset.
2. Sale Monitoring: The DAO will monitor listing activity and engagement to assess if adjustments are needed.
3. Reporting: Updates on listing progress will be provided to DAO members, and all sale proceeds will be transparently reported and added to the treasury upon completion.

Current Estimated DAO Vaut Valuation

The circulating supply for the DAO token is 5637 and 265 tokens are held in the DAO vault.

Estimated Holdings (not including Lost Robbie):

Liquid Tokens $328k - ETH $43k - wETH $1.8k - USDC

Non PV NFTs value estimates $3.3k - Otherdeed w/ Koda [wETH offer] $2.5k - Queen of Punks [wETH offer] $1.5k - The Currency [wETH offer] $1.2k - Other NFTs [wETH offers]

PV Assets ~39.7m unvested $gg 2 Pixel Vault Cores 152 Metaheros 199 EVO6 DOTs

Lost Robbie ~$456k [valued at 200 eth per most recent sale] or ~$684k [valued at 300 eth per this proposal]

Total: ~$1.2m in unvested $gg [valued @ $.03] ~$381.6k in liquid assets ~$456k - $684k for the Lost Robbie

Conclusion

Listing “The Lost Robbie” for 300 ETH offers the DAO an opportunity to unlock liquidity, strengthen its financial position, and potentially fund future initiatives. Approval of this proposal will enable the DAO to proceed with the listing and manage the asset sale process to benefit the DAO and its community.

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Voting Options:

• For: Approve the listing of “The Lost Robbie” for sale at 300 ETH.
• Against: Do not approve the listing of “The Lost Robbie” for sale.
• Abstain: Choose not to participate in this vote.

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Contact Information: For any questions or clarifications, please join the discussion for this proposal on the Pixel Vault discord.