OpenDAO

This proposal is to determine the total expense for the 20K NFT collection. The requested funds will be transferred from the OpenDAO treasury to the operational budget wallet.

As mentioned in SOSIP-5, OpenDAO is going to launch its own NFT collection. After SOSMarket, membership NFT, and 721Starter, this 20K collection will be OpenDAO’s fourth product.

About the collection

1. 3D profile picture (PFP) styled collection with future integration with metaverse
2. OpenDAO and SOS features
3. Additional honorary collection - SOS & Friends
4. Minting with ETH on ethereum mainnet
5. Final product delivered by the end of April 2022

Expenses

In the current state of the market, quality 3D NFT from highly sought-after credible artists costs range from 100-500 ETH depending on the complexities and details.

Upfront costs (covered by Community events budget):

1. Deposit fees paid to the studio
2. Hire an expert for project coordination and art evaluation

Future expenses:

1. X amount (ETH equivalent) paid during the minting stage
2. X amount (ETH equivalent) paid on delivery of the product

Benefits for the community

We aim to provide the first community-oriented 3D pfp NFT for the OpenDAO community that is worthy of being called the “NFT of the year.”

1. High-quality 3D NFT at an affordable price
2. All profits generated from minting and ongoing royalty will be redistributed to benefit the OpenDAO community
3. Future integration in the metaverse - VX avatars, wearables, merchandise and augmented reality (AR) interactions.
4. NFT of the year, innovative experience, no brick or rug since community-owned, community decide future roadmap
5. Value creation & value capture on behalf of the SOS holder

The project echoes the ethos of web3; unite the broader NFT community, so funds left unspent at the end will be used in collaboration projects with the top tier NFT collections that will launch with 721Stater to produce VX collections.

Link to the document

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