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Bag.winBag.winby0xEA5Fed1D0141F14DE11249577921b08783d6A3600xEA5F…A360

Sell Decentraland land held on the treasury

Voting ended over 2 years agoSucceeded

Background:

Decentral Games currently holds a significant amount of land within Decentraland. While these assets are indeed valuable, they have been largely underutilized. Simultaneously, Decentral Games has been on an upward trajectory, enhancing and expanding the virtual casino experiences we offer. To continue this progress, additional liquidity is needed.

Proposal:

This proposal seeks to empower the Decentral Games team with the discretion to sell Decentraland lands held by the DG DAO treasury. The lands would be sold strategically and over a period of time, which would help avoid flooding the market or negatively affecting the land market value.

Rationale:

This initiative can unlock a considerable source of funding to support our expansion efforts in the casino segment. The lands in Decentraland currently represent a form of dormant capital. By liquidating a portion of them, we can channel these resources into areas that directly contribute to Decentral Games' growth.

Granting the team the power to execute this strategy ensures these sales can be done strategically, considering market conditions and our funding needs. The funds generated will be directly used to improve our casino experiences, attract more users, and generate higher revenues.

Off-Chain Vote

Yes
10.41M xDG96.8%
No
343.68K xDG3.2%
Abstain
0 xDG0%
Quorum:108%
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Timeline

Jul 24, 2023Proposal created
Jul 24, 2023Proposal vote started
Jul 27, 2023Proposal vote ended
Oct 26, 2023Proposal updated