Use 10 ETH from the DAO Wallet to purchase PxQuest NFT's.

Idea of Mark-R#2118.

Project/Funding Vote Mark-R#2118, Seconded by Arch/Shiesty.

Name of Idea Create the Mushroom Kingdom in PxQuest.

Idea Summary: We will use 10 eth from the DAO wallet to purchase PxQuest NFTs (hopefully at lower than .5 eth each), we will then collect Chronos every day (100 per day if we’re able to get 20 NFTs). This would allow us to purchase land every 13 days without any additional Chronos being added. Once we have enough land we would then also start breeding 2nd generation character every week.

Definition of Terms: $Chronos – The token that PxQuest uses.

The Pitch: Land, games, and community building what’s not to like. When Kaiju Kings first launched there were several smart DAOs that purchased many Kaiju, collected Rwaste, and then bred baby Kaiju and sold them to pay back their DAO. They were very smart DAOs that are now doing very well, but they got in early. That’s what we need to do with PxQuest. They have some significant game mechanics that we can take advantage of if we’re willing to dedicate eth to buying up PxQuest NFTs early.

If we spend 10 eth from the community DAO right as PxQuest mints and are being resold I believe we could hopefully purchase 20 of the NFTs to then start building our collection. With 20 NFTs we would earn 100 $Chronos per day if we were staking them. At that rate we would be able to stabilize a land in 13 days, it’s not clearly stated how many land are needed to make or upgrade a kingdom but we would probably need several. We would also be able to build structures on our land that would give us additional in game bonuses and better chances at getting greater loot from dungeons etc.

On top of the passive $Chronos that would be accumulated, anyone that wanted to join our Kingdom that is also an MMC member would need to pay 35 $Cronos per month (1 weeks worth). Anyone that is outside of MMC would need to pay 70 $Chronos per month. This would give them access to our greater structures and community while allowing us to build more and more land/structures.

Once we were done creating land we would then be able to create 2nd Generation NFTs from the Chronos every 8 days. This is what we would sell on the OpenSea or whichever marketplace is used in order to pay back the 10 eth that the DAO had spent initially. Once the DAO has been paid back we would then vote as a community on the best use of the $Chronos at that point. It may be that we want to keep creating 2nd Generation NFTs and selling them and from that point we could use the additional eth to reward the MMC community in any number of ways.

If you look at other projects with land and community like this, Sandbox or Decentraland, the initial price has gone up so astronomically that if that were to similarly happen with PxQuest the DAO would find itself sitting on a veritable gold mine.

There are certainly risks in this as well, any NFT project can go to 0 or have something catastrophically terrible happen to it. PxQuest has shown that they have a very solid understanding of the world, game, and community that they are making and they have significant partnerships with many projects. I think it is unlikely that this project will go to 0, but that is always a risk.

Project Leads: Mark, Archemist, Shiesty

Other Comments: This would benefit all shroom holders in several ways. It would provide a kingdom for any person that holds a shroom to access the resources we provide through the buildings on our land. MMC would get exposure from being a large part of such a big NFT which should increase our exposure, bring in new members, and raise the floor price. Finally, after we had enough land we would start selling the 2nd generation NFTs to replenish the DAO create another revenue stream that could then be used to create raffles for MMC members. @ShiestyGoey🍄 @[NN] Archemist .

Want to look this over and tell me what needs to be done/changed or if I missed something? I think this could be a really energizing vote for the DAO. Buying NFTs to create revenue streams is super in right now.