Fries NFT Recovery Project

FriesDAO NFT Reboot Proposal

It’s been a little under 2 months since the hack on FriesDAO took place, and things look grim for the future of the project. With there being around $60k left in the treasury, we think there should be a coordinated effort to re-raise funds for the treasury, and continue the original mission of opening a store - especially after we were so close before.

One of the original plans of the project was to launch an NFT collection that would have associated utility to any stores that were opened by FriesDAO. This started to be rolled out at the start, but the artwork and direction wasn’t well received and has since been placed on hold.

A group of community members (Sasha, Staggo, Williams, Marsyas – with oversight and under the advisement of SWO) have stepped forward to re-launch this initiative. With this initiative, Marsyas will work with Slip to help transitioning files and resources as he moves into a more involved role with FriesDAO.

We are proposing to use $25,000 USDC from the remainder of the treasury to roll out a brand new NFT collection.

The funds raised from mint, and royalties would go to: Replenishing the treasury Restoring/Relaunching the FRIES token Bring attention to FRIES as a project to a wide group of new members Continuing the roll out of a store opening

All Fries OG holders pre-hack would be eligible for free mints, with a tiered system for higher level contributors. This group of members has already laid some groundwork down for the collection; receiving commitment from a high caliber artist, a marketing agency, commenced dev work, and marketing roll out. Should this proposal be approved we will be able to hit the ground running.

Ask: 25-30k from salvaged treasury to kickstart NFT project, raise funds to recommence store expansion, led by Sasha, Staggo, Williams, Marsyas – with oversight and advisement from SWO and advisors.

Goal: We are looking to raise $300k - 400k through this fund raise, so that we may continue operations, while building out native FRIES IP that we can later use for branding, and store build outs.

Please vote accordingly:

YES – Move forward with new NFT collection, and beginning of revitalization plan NO – Do not proceed, opt for different use of funds