Summary

This proposal is an amendment to the LVP-10 proposal that passed on June 23, 2024 following feedback from the community to potentially deprioritize investment in game development, instead focusing on either investing the treasury or an alternate path.

The proposal will amend the Treasury allocation guidelines approved in LVP-08 by expanding the potential opportunities available to the DAO. Importantly, this proposal is complementary to LifeVerse and enables flexibility to revise priorities in the future while maximizing capital efficiency of the treasury.

Rationale

The council recognizes recent community discussion to potentially deprioritize investing in a game and instead prioritize efforts into investing the treasury or an alternate path. Investing in a game is highly capital intensive and continues to be unproven in the Web3 space, lacking leaders with a strong combined product and technical background to produce high quality gaming experiences while ensuring a financially viable business model.

Proposal

This proposal includes three potential paths for the DAO, detailed below.

Prioritize the treasury investment path: Focus on maximizing return and expanding to an unconstrained model without being limited to investments within treasure or using fixed percentages toward LPs or otherwise. This path will also include the potential to launch a token as a complementary and alternative avenue from NFTs, dependent on additional research and a follow up proposal. We will also expand liquidity options from the current reliance on the marketplace, allowing those who seek liquidity the option to have it without solely requiring the DAO to unwind its operations.

Prioritize game development as originally proposed in LVP-10: Focus on the path originally approved in LVP-10 and continue efforts to develop a high quality economically viable gaming experience.

Wind down operations permanently: This path effectively sets us on a path focused on winding down operations and distributing the treasury. We expect this to take more than one year and require subsequent proposals detailing plans, timelines, a fair distribution mechanism, etc.

Abstain: Participate in the vote without selecting one of the three mentioned options.

Comment Period The comment ended at 23:59 UTC on March 4, 2025 (https://common.xyz/lifedao/discussion/27061-[LVP-10a%20Amendment]%20LifeVerse%20Priorities%20Amendment)

Snapshot Block

Snapshot for voters was taken at block 310499300

Voting Details

Per the Lifeverse Governance Framework, a successful vote requires at least 60% of the votes to be in favor of the proposal. Alternatively, a successful vote can also occur with a minimum of 30% of the total supply of eligible NFTs (quorum) with more than 50% voting in favor of a proposal. In the event there is not a successful vote, the least selected option will be removed and a second round of voting will commence.

The voting period begins now and will end in 3 weeks, on March 26, 2025, at 23:30 UTC.