GM X.X acquiring 5 MTG & 5 Plasticity for DAO treasury

Author:

Cyphr

Proposal date:

30/09/2022

Summary:

Following the 3rd gm. studio drop, the DAO has followed the practice of retaining 5 pieces from each collection within the treasury. These pieces (token ID’s 1-5), serve both as an investment & keepsake for of the studio’s history.

At this time the DAO does not own any pieces from the “Mind The Gap” & “Plasticity” collections, which leaves the set incomplete.

I propose we rectify this with by acquiring a number of each collection (5 of each).

Rationale:

It would allow the DAO to own 5 full sets of studio collections, and given the general trajectory of studio floor prices would act as a sound investment.

Specifics:

In order to mitigate any front-running or manipulation of the purchase of these 10 pieces, I suggest the funds be sent to gmDAO.eth or another anonymous fresh wallet, and a combination of floor buys & bids can be utilized at random intervals.

At current floor & taking into account average sale prices over the past few weeks, I estimate that this can be achieved with 6 ETH (3.75 ETH for 5 MTG pieces & 2.25 ETH for 5 plasticity pieces)

Pros:

Completing 5 studio sets. Gaining licencing for studio assets which could be used for a multitude of reasons.

Cons :

Relatively large payout for a “nice to have”

Payout recipient:

gmDAO.eth or equivalent

Payout amount:

6 ETH

Sponsors:

Cyphr