Sell up to 246 Parcels of LAND

Background

The Decentral Games DAO owns 1,007 parcels of LAND and has developed just less than half of it. At the current floor price of ~$2,000 per parcel, 1,007 parcels is ~$2M in value. The parcels DG owns are shown in Blue and Green in the image below.

246 connect parcels shown in dark blue:

150 parcels: ([-150, 108], [-150, 122], [-141, 108], [-141, 122]) 96 parcels: ([-90, 91], [-90, 96], [-75, 91], [-75, 96])

Proposal

Grant the DG Team the ability to sell up to 246 parcels out of those outlined in the Background section. Proceeds will be converted into DAI and held in the Treasury. Of these, 10% of the proceeds will be used to add to ICE-USDC LP.

Rationale

If the DG DAO sells all of these parcels, the remaining 761 are more than sufficient to grow our current operations in Decentraland; in fact, we have room to grow ICE Poker back into some of the venues we shut down in 2022. With the introduction of ‘islands,’ we can also fit more users into a single venue than we could at the start of last year.

At the current floor price, 246 parcels is ~$492K. While the floor price may move and we can’t predict buyer interest and price-point exactly, it’s valuable for the DAO to add to its $4.3M stable coin position in this bear market. A sale price cannot be guaranteed in advance, but the DG Team is sufficiently aligned to pursue the best possible price for the DAO. Finally, allocating 10% of the proceeds to add to the ICE-USDC LP extends our ability to support the price of $ICE while UA continues to ramp up.