Acquisition of Memeland - Captainz NFT for Long-Term Value Growth

This proposal seeks DAO approval for the acquisition of a Memeland - Captainz NFT.

The Captainz on OpenSea

This investment is aimed at leveraging the value locked in the NFT, which is approximately 10+ ETH worth of $MEME, to enhance the long-term financial positioning of our DAO.

Why It Makes Sense

• Locked Value: There's significant value in each NFT (10+ ETH worth of $MEME).
• Investment Cost: Current price is 4.32 ETH per NFT.
• Long-Term Perspective: No clear timeline on $MEME unlock, but it aligns with our slow and steady growth approach.

Potential Risks

• Market Volatility: NFTs are are highly volatile. Prices can fluctuate, go to zero etc.
• Liquidity Concerns: Depending on market conditions, it might be challenging to sell the NFT quickly.
• Unlocking Uncertainty: No clear timeline for $MEME unlocking