[LDP-04] Proposal to Acquire Web3 RPG Arcane

Summary

The LifeDAO Council is requesting the community to approve a proposal that has been negotiated that will give LifeDAO the ownership rights of the Arcane project, and bring its developer on as a full time contractor of LifeDAO.

Please read the announcement for additional details: Arcane Acquisition Announcement

Arcane: https://www.arcanemagic.net

Arcane Discord: https://discord.gg/PzVDze5R3t

Rationale

Bringing an on-chain RPG under the LifeDAO umbrella is accretive to the long term vision of LifeDAO. LifeDAO will be able to leverage the game design and development background of Myst as well as the marketing, engineering, and business acumen of the LifeDAO Council to bring a high quality and sustainable web3 game to market in the Treasure ecosystem.

Proposal

• LifeDAO will acquire the ownership rights of Arcane as well as all related intellectual and real property.
• Myst will act as project lead for Arcane and work closely with the broader LifeDAO team to bring a high-quality on-chain RPG to market.
• In return for ownership of Arcane, LifeDAO has agreed to compensate Myst with
  • the first 30% of gross mint revenues of the project, vested over a 12 month period, 
  • cash lump sum payment equivalent to $10,000 USD (paid in a combination of USDC and/or MAGIC at the discretion of the LifeDAO Council at the time of payment), as well as 5 Life NFTs. 
• As the LifeDAO council continues to expand the treasury and our commitment to delivering high quality games and applications, it has become clear that we need to rethink how we pay full time compensation for developers and the council. To account for development and council costs going forward, we are requesting to increase the treasury operational expense allocation associated with future treasury revenue/growth from 10% to 25%.