Selling an Ordinal Brozo (237) to Cover the Cost of Minting & RingRunner NFT Purchase

Proposal Summary: This proposal suggests selling one Ordinal Brozo (237) in order to generate funds. The generated funds will be utilized to cover the costs associated with minting the 4 Brozo Ordinals and to purchase Ring Runner (RR) NFTs on the secondary market. The objective of this proposal is to leverage the value of the Ordinal Brozo and acquire RR NFTs that align with the goals and interests of the DAO to further enhance the overall value and portfolio of the DAO.

Proposal Details:

Background: The DAO recognizes the potential of the Ordinal Brozo as a valuable asset. The DAO currently has 4 Brozo Ordinals that it was able to acquire due to the combined efforts of the DAO members through “staking”.

Ring Runner is a PFP and P2E NFT project minting on the 22nd of June. This is a MNFST Labs project, the same team behind Owlpha, GEG and Bombaclot. It is the most hyped project that is going to be minting on polygon.

Selling the Ordinal Brozo: It is proposed to sell the Ordinal Brozo from the DAO's collection. The price would be set by the council, this is to ensure the best price execution in the current market conditions.

Establishing a Budget: The DAO will spend: 100 Matic to cover the cost of mint for the 4 ordinals $250 on RR NFTs on the secondary market.

Identifying RR NFTs: The council will conduct thorough research and due diligence to identify and select RR NFTs that align with the DAO's interests, goals, and potential for future value appreciation. The selection process will be decided by the council.

Purchase and Storage of RR NFTs: Once the RR NFTs have been identified and approved by the council, the necessary funds will be allocated to make the purchases. The acquired RR NFTs will be securely stored in the DAOs multi-sig wallet.

Reporting and Transparency: Regular updates will be provided to the DAO members regarding the progress of the proposal. The updates will include details such as the sale of the Ordinal Brozo, the funds generated, the RR NFTs acquired, etc..

Future Decision Making: The acquisition of RR NFTs through the sale of the Ordinal Brozo should be viewed as an initial step. The DAO will continually evaluate the performance and value of its NFT portfolio, making future decisions regarding potential sales, acquisitions, or diversification based on the collective interest of the DAO members.

Conclusion: This proposal aims to capitalize on the value of the Ordinal Brozo (237) within the DAO's possession by selling it to generate funds. These funds will then be used to acquire RingRunner NFTs on the secondary market, further enhancing the DAO's NFT portfolio. By transparently reporting the progress and involving the DAO members in the decision-making process, this proposal aims to maximize the long-term value and success of the DAO [Authors : Shab and Keppa]