IQIP-10: BrainDAO To Acquire Blue Chip NFTs to Distribute NFT Derivatives and Intellectual Property to IQ Stakers

Background

Earlier this year, Everipedia launched BrainDAO, a decentralized fund capable of realizing the IQ token’s vision of bridging the real world and the Metaverse. BrainDAO is designed to fund all forms of knowledge on the blockchain from art to history to finance to data. The world’s knowledge and creativity is moving on-chain and into the Metaverse.

Over the last few months, we’ve seen the NFT space grow rapidly. Blue-chip NFT projects like Bored Ape Yacht Club, CryptoPunks, Azuki, and Cool Cats have become multibillion-dollar brands. Earlier this year, Adidas acquired a Bored Ape and used the rights from their Ape to create their own NFT collection. Earlier this week, Yuga Labs made headlines when they acquired Larva Labs and announced that they are granting collection holders full commercialization rights to the holders of their NFT artworks.

Today, each Bored Ape holder received an airdrop of 10,000 ApeCoin (APE) valued at over $80,000 as of writing. Bored Ape holders previously received Mutant NFTs valued at around $47,000 and Bored Ape Kennel Club NFTs valued at over $18,000. Over the last year, Bored Ape holders have received over $145,000 in airdrops. Bored Apes are currently valued at around $239,000.

While many innovative works of art and derivatives have been created from Bored Apes, CryptoPunks, and other Blue Chip NFT projects as floor prices continue to rise it’s become expensive for builders and creatives to acquire a Blue Chip NFT and build around it. Even though floor prices have fallen from their all-time highs it’s still expensive to acquire Blue Chip NFTs.

Rising floor prices have also made it challenging for NFT investors to gain exposure to Blue Chip NFT projects and their derivatives. Bored Ape holders for example have been airdropped or been whitelisted for millions of dollars of NFTs from Mutants to Dogs to Adidas NFTs.

Now more than ever, there’s a need to democratize Blue Chip NFTs which would allow builders and creatives to build on top of valuable intellectual property enriching the entire NFT ecosystem. Democratizing Blue Chip NFTs would also allow investors to gain exposure to this fast-growing market.

With BrainDAO, we have the opportunity to democratize Blue Chip NFTs allowing IQ stakers to gain exposure to high-quality NFT projects which are growing into globally recognized brands. Through BrianDAO we can also give IQ stakers the intellectual property rights needed to build unique and exciting derivatives that will enrich the IQ ecosystem along with the entire NFT space.

The Plan

We propose allocating 200 ETH worth of funds from the BrainDAO treasury to go towards the purchase of Blue Chip NFTs from major NFT projects such as Bored Ape Yacht Club, CryptoPunks, Art Blocks, Cool Cats, Doodles, Azuki, Zipcy’s SuperNormal, The Sandbox, Decentraland, World of Women, Invisible Friends, Boss Beauties, Cyberkongz, and Wolf Game among others. The funds would also be used to mint derivative NFTs and whitelisted NFTs related to Blue Chip NFT projects such as the Gucci 10KTF NFTs which were reserved for the holders of Bored Apes and several other Blue Chip NFT collections.

Once the Blue Chip NFTs are acquired, BrainDAO will then start receiving/minting derivatives from its NFT portfolio on a regular basis as these Blue Chip NFT projects expand. This will allow BrianDAO to regularly raffle off NFT derivatives from leading projects to IQ holders. Regularly giving away NFTs from Blue Chip projects.

Over the last year, Bored Ape holders received over $145,000 in airdrops if BrainDAO acquires a Bored Ape and that trend continues BrainDAO could potentially distribute NFTs and tokens worth $145,000 to IQ stakers! This will greatly incentivize anyone interested in NFTs to get and stake IQ increasing demand for IQ and reducing the supply of IQ.

BrainDAO will also hold the IP rights from its portfolio of Blue Chip NFTs bringing valuable IP to the IQ ecosystem. BrainDAO will grant IQ stakers the right to create derivative NFTs based on the NFTs in the portfolio. BrainDAO will also be able to use the intellectual property rights from this portfolio to create new NFT derivatives for IQ stakers.

Vote Options

YES, allocate 200 ETH of funds from BrainDAO to acquire Blue Chip NFTs so that IQ stakers can gain exposure and intellectual property in this fast-growing NFT market.

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