Author: Mialalala (10138) Duration: 7 days Quorum: 7.2M

Hi Gotchigang,

I'm Mia — founder of BeepCrypto and co-founder of DAOBase. Today, I’m reaching out not to ask for a grant or submit a funding proposal, but to bring forward a serious acquisition offer from an established VC firm. The firm has independently expressed interest in acquiring the entire Aavegotchi ecosystem, including Pixelcraft Studios and AavegotchiDAO.

I’ve already discussed this proposal with Dan and Jesse, who kindly suggested that I present it to the DAO for transparent community review, since the DAO treasury holds the largest share of GHST and ultimately controls the project's future.

🧩 Why Aavegotchi?

Aavegotchi is one of the most unique and culturally iconic projects in Web3 — a five-year history, strong security track record, adorable and recognizable IP, thoughtful tokenomics, and GHST listed on Tier 1 exchanges. To outside observers, it’s clear: this is a valuable but underleveraged brand.

The firm I'm in contact with specializes in exactly this type of opportunity: high-quality projects that may not have reached their full potential yet. Their interest speaks volumes about Aavegotchi’s long-term value and the groundwork this community has built.

🤝 Who Are The VCs?

Let me be clear: I’m not part of the firm, nor do I benefit from this deal. I’m simply acting as a neutral bridge, because I’m both a Gotchigang community member and someone the firm trusts to convey the proposal respectfully.

Rongming Investment started in 2010, has stood at the forefront of frontier innovation, leveraging deep industry insight and long-term conviction to identify and cultivate companies with transformative potential. Our parent company, Equity First, focuses more on Web2, while Rongming puts more emphasis on the Web3 space. With a disciplined approach grounded in value discovery, the firm has backed dozens of groundbreaking ventures across China and the United States — from ChineseAll and Boxed.com, to RocketSpace, Northland Biotech, and Darsky Technology — many of which have gone on to successful IPOs or strategic acquisitions.

In 2017, Rongming became one of the first traditional investment institutions in China to enter the blockchain sector, ahead of the curve. Through its Singapore-based vehicle, Blockchain Pte. Ltd., Rongming has made early strategic investments in Web3 leaders such as Neo (China’s first public blockchain), Theta (decentralized video, backed by Samsung), Gifto, QuarkChain, ArcBlock, and MedicalChain.

Beyond capital, Rongming has consistently invested in infrastructure and ecosystems — co-founding the Oxford Blockchain Research Centre in collaboration with leading academics, and launching the Fusion Ecosystem Fund to support European blockchain innovation.

Notably, Rongming is also an investor in Pop Mart, now a major player in the art toy and entertainment industry. This aligns with our growing interest in expanding into broader areas such as entertainment, gaming, and IP-driven ecosystems.

Their edge lies not just in writing early checks — but in shaping narratives, aligning incentives, and helping projects evolve from vision to global scale. It is this same conviction and operational experience they now bring to the table with Aavegotchi. They don’t just provide funding — they’re known for hands-on involvement in helping projects restructure, scale, and rebrand for global growth.

💼 The Acquisition Offer

These VC firms prefer complete ownership rather than passive investment. Their offer is as follows:

• Buy out the entire AavegotchiDAO treasury (~16M GHST), using the 14-day moving average price (calculated as of the proposal deadline), with a 60% discount applied.
• At current prices, this equals approximately $3.2M USDC
• Obtain full rights to use and market the Aavegotchi IP, while the ownership of the IP remains with Pixelcraft Studios.
• Dissolve the DAO and distribute the funds directly to active DAO members and users, not to the founding team or any centralized entity

This would mark the first-ever DAO acquisition where all community members benefit directly — a true fair exit for those who helped build the ecosystem.

🧠 How DAO Dissolution Could Work

Yes, this proposal includes dissolving the DAO — not out of failure, but out of respect for a structured and fair transition. Mergers and acquisitions are normal in traditional business, and signify external recognition of value.

If the DAO is dissolved, the treasury should be distributed fairly and transparently. Here’s one way to do it:

• Distribute all non-GHST funds (ETH, USDC) based on active voting power, where “active” means addresses that have participated in governance within the past year (or longer)
• Include all voting power sources (GHST, Aavegotchis, Wearables, REALM parcels) in the calculation
• Addresses that no longer own any assets as of the proposal time could be excluded from this calculation
• Here is a dashboard created by coderdan that shows one way to calculate the current voting power data, for reference: https://v0-aavegotchi-dashboard-l5.vercel.app/?window=180

Other distribution models are possible, but this method prioritizes long-term contributors and aligns with the spirit of a decentralized community.

For the purposes of this proposal, a confirmed distribution method is not required. The method to distribute funds can be decided after the DAO decides whether to accept this proposal.

🚀 This Isn’t the End — It’s the Beginning

Let’s be clear: this isn’t a shutdown — it’s a level-up. The VC doesn't just bring capital. They bring access to:

• Proven experience expanding projects globally, especially in Korea and Southeast Asia, through partnerships with regional exchanges, gaming guilds, and influencers.
• Diverse commercialization strategies including merchandise, limited-edition collectibles, sponsored events, and pop-up experiences to create sustainable revenue streams beyond token sales.
• Active pursuit of collaborations with major IPs and mobile game publishers, leveraging Aavegotchi’s unique collectible and gacha appeal.
• Hands-on operational support by embedding experienced executives and talent to accelerate scaling, growth, and strategic initiatives.

If you have questions, we’ve prepared a detailed Q&A that may address many of them: 👉 Q&A Document

Think of what happened with Pudgy Penguins — a project once thought stagnant, reborn under new leadership, and now thriving in both Web3 and traditional markets. The same evolution can happen here.

🪙 Why This Matters

This is a rare moment where everyone wins:

• The DAO gets a dignified exit and financial reward
• The project gets revived under a motivated, experienced new team
• The community retains its legacy and IP lives on with stronger backing
• The Web3 world witnesses the first real DAO acquisition with mass community compensation

📨 Final Thoughts

I deeply respect this community and the incredible work built over the past 5 years. This proposal is not the only path forward — but I believe it’s worth exploring.

With appreciation, Mia