Summary

This proposal covers accrued expenses for November as well as a proposed budget for December. A detailed breakout of expenses may be found November Actuals / December Budget

Expense Categories

• Contributor payments: payments to staff and contributor teams including staff, product, marketing, editorial, treasury, membership, and governance.

• Admin expenses: Admin expenses such as payments for Notion, Zapier, Airtable, Zoom, and Gmail.

• Digital Events: Digital Events such as Coffee time, Seed Club, Max Pain, Into The Weeds, & Crypto Learning Hour.

November Actual Expenses

Overall Expenses

Category	FWB	USD/USDC	Total USD
Contributor Payments	1,200	255,171	$411,171
Overhead	0	28,081	$28,0081
Events	170	47,780	$58,375
Total	1,370	329,727	$507,827

Contributor Payments

Category	FWB	USDC	Total USD
Product	0	67,257	$67,267
Marketing	75	7,000	$16,750
FWBNFT	0	22,917	$9,722
Events	0	12,500	$12,500
Cities	0	47,561	47,561
Digital Events	46	20250	$26,230
Treasury	0	0	0
Partnerships	25	14,167	$20417
Overhead/Ops	260	12,500	$46,300
Membership	473	22,667	$84,157
Editorial	96	23,350	$37,830
Total	1,200	255,171	$411,171

Revenue

An overview of this month’s revenue may be found on the Summary top sheet and totals approximately $301K USD value. Events partnership revenue this month allowed both the NFT NYC event and Art Basel event to be revenue neutral events. Additionally almost $100K USD value was generated by the DAO’s first ever NFT drop.

Overages

A summary of overages may be found on the overages tab of the Summary document. Overages include a previously approved but not paid out legal bill and a $15K fee to Shutterstock to secure exclusive rights to the FWB birds in perpetuity. Additionally we are requesting 25 tokens to go to nine members that assisted in dedicating their time to help fight the phishing attack that flooded our discord with bots and lead to wallet breaches.

December Proposed Budget

Overall Budget

Category	FWB	USD/USDC	Total USD
Contributor Payments	1,203	223,533	$303,206
Overhead	0	29,200	$29,200
Events	135	139,174	$149,229
Total	1,203	392,412	$482,156

The December proposed budget also includes the Art Basel event expenses that the DAO has already received sponsorship income from.

Conclusion

November’s actual expenses add up to 1,370 FWB and 329,727 USDC. According to FWB's price as of Dec 14, this is $507,827.

December’s proposed budget adds up to 1,203 FWB and 392,412 USDC. According to FWB's price as of Dec 14, this is $482,156.

Vote

Yes - Distribute November actual expenses and approve December budget No - Do not distribute November actual expenses and do not approve December budget