Buy 20 WoW Pixies @ floor is 0.17 ETH

https://opensea.io/collection/wow-pixies-v2

PLEASE NOTE: WoW Pixies are not related to World of Women, though the DAO owns WOW royalties and was started by WoW holders

Spend: The DAO should spend up to 4 ETH (0.20 x 20) on this proposal.

Details/Justification: EVENT: WoW Pixies price did not change today despite a massive increase in the underlying vault value as they minted 31 WoW Galaxy including an iridium (floor 11 eth) and other rares.

WoW’s Pixies vault is currently worth approximately 300 ETH / or 0.054 ETH / pixie.

Current earnings per pixie are 0.036, or 21.1% cash return. WoW Pixies owns rare WoW Royalty rights that generate 200 ETH / year in royalties Royalties Club or 0.036 eth per pixie, per year. That is a 21.1% earnings yield. The current floor implies this is only worth 3 x earnings (the S&P 500 trades at 26 x, current 30 year mortgages at 21.6 x)

WoW Pixies get access to: Pixie Marketplace which lets NFT holders swap for underlying NFTs in the value; Curious Addys, Meta Angels borrow, free future Pixies mints, and WL to certain projects.

Value per NFT should rise as people understand what’s in the vault: Current holdings: 0.054 ETH Income per year: 0.036 * 10 = 0.36 per pixie ETH (still a 10% cash yield) Implied current price: 0.514 Future whitelists and projects = ?

Links: Vault link is: https://zapper.fi/account/pixiesvault.eth?tab=nft https://talk2much.medium.com/an-inside-look-into-the-world-of-women-nft-collection-31d224f5a92c