Acquire a Potatoz NFT

Overview

Seeking DoorDAO approval for acquisition of a Potatoz NFT. This move is aimed at leveraging the value locked in the NFT, which is approximately 3 ETH worth of $MEME, representing a more conservative investment compared to the previous proposal.

The Potatoz on OpenSea

Why It Makes Sense

• Locked Value: Each Potatoz holds about 228,605.5 $MEME, roughly equivalent to 3 ETH.
• Investment Cost: The current price is around 2 ETH per Potatoz, a lesser investment than the previous proposal.
• Long-Term Perspective: While there's no clear timeline for $MEME unlock, this investment aligns with our slow approach.

Potential Risks

• Market Volatility: Like all NFTs, Potatoz are subject to market volatility. Prices can fluctuate significantly and all the way to zerooo.
• Liquidity Concerns: Depending on market conditions, it might be challenging to sell the NFT quickly.
• Unlocking Uncertainty: No clear timeline for $MEME unlocking