Background: This proposal builds upon the recent approval of the "Sell Decentraland land held on the treasury" initiative, which gained consensus just two weeks ago. Currently, Decentral Games holds a substantial inventory of Decentraland land, representing a valuable but underutilized asset. Despite our significant growth and expansion in the virtual casino sector, these land holdings have remained largely untapped.
To sustain and accelerate our growth trajectory, we urgently require increased liquidity. The prior approval of the "Sell Decentraland land held on the treasury" proposal has granted the Decentral Games team the authority to liquidate land assets. This permission is particularly relevant, given past difficulties in selling land assets through OpenSea and within the Decentraland ecosystem. Historically, the sheer scale of our land holdings has required us to offer larger estates at a 20% discount, incurring obligatory royalty fees.
Proposal: This proposal seeks to empower the Decentral Games team to allocate 300 badges' worth of land parcels as physical prizes within the Arcade mode. Implementation will be completed within one week following the passage of this proposal. It is important to note that the pricing of these parcels may be adjusted if it significantly deviates from the prevailing OpenSea floor prices.
Rationale: This initiative serves as a compelling driver to encourage participation in Arcade mode, outperforming the traditional approach of parcel sales on the OpenSea platform in terms of effectiveness. Furthermore, it offers the possibility, as evidenced by past instances, for the community to collaboratively develop vacant parcels, thereby enhancing the vibrancy of our casino district.
This initiative also unlocks a substantial source of funding, bolstering our efforts to expand our casino operations. Currently, our Decentraland land holdings represent latent assets with untapped potential. By strategically divesting a portion of these holdings, we can redirect these resources to areas that directly catalyze the growth of Decentral Games.
Empowering the team to execute this strategic maneuver ensures a prudent approach, in alignment with prevailing market conditions and our financial requirements. The generated funds will be judiciously allocated to enhance our casino offerings, attract a wider user base, and augment our revenue streams. Your support for this proposal will be instrumental in propelling Decentral Games to greater success.