BIP-73: Sell Err Hold to Kanbas for 70 ETH

Please note that this Snapshot has a default 72-hour voting window.

0.0 Summary

The Kanbas Collection has offered to purchase Err Hold directly from the treasury for 70 ETH.

The proposal was brought by Amanda Schmitt Art (ASA) on behalf of the Kanbas Collection.

1.0 Rationale

The objective of the Kanbas collection would be to promote the acquisition to establish its significance in the contemporary art landscape and later explore placement options including:

• Donation to a museum that aligns with Botto’s goals
• Display at partner museums and institutions

We ultimately want to to position this work as a foundational piece in the history of AI and generative art.

1.1 Why Botto is an excellent fit for the Kanbas collection: Kanbas is dedicated to elevating and preserving the most groundbreaking works in digital and generative art. By acquiring a genesis piece from Botto Project, we are not just adding a work to their collection—we hope to celebrate a pivotal moment in the evolution of AI art.

This acquisition will ensure Botto’s legacy is seen, understood, and appreciated within an esteemed context.

1.2 Long-term goals of the Kanbas Collection: The Kanbas Collection is intended as a permanent collection. We have no plans to deaccession any artworks during the lifetime of the owner. Upon their passing, they will either bequeath the collection to an institution or establish their own museum.

ASA, alongside Kanbas, are actively engaged in sponsoring and developing projects at institutional museums for digital artists, and have a number of initiatives already under way.

2.0 Proposal Specifications

Kanbas to acquire Err Hold from the treasury for 70 ETH OTC

2.1 Moratorium options on selling Genesis. If one of the sales options are selected, a second vote will be triggered on making a moratorium on Genesis sales. Options include (subject to change based on discussion):

• Max 1 per year and still requiring DAO approval: 2026, 2027, 2028
• None will be considered for 5 years
• None will be considered for another year
• Next at 200 ETH, then 400 ETH, then 800 ETH
• Reject moratorium, keep considerations on a case-by-base basis

3.0 Criteria of Success

• Strong initial reception by the wider crypto art community
• New audience and new collector interest from the support of the Kanbas collection
• Stronger demand for Botto works

4.0 Potential Risks and Considerations

• There are only 4 Genesis works left in the treasury and this may forego future upside in a market primed for AI projects.

Please refer to the BIP-73 forum post for full details and discussion.