IIP 168: Spin out the JPG NFT Index Token to MoonRock

Authors: @JosephKnecht, @afromac

Reviewers: Index Council

Simple Summary Index Council has proposed to spin out the JPG NFT Index Token to MoonRock 15. Spinning out JPG will allow Index Coop to focus on its core product strategy and give JPG greater flexibility under a new owner. Holders of JPG will not experience any change.

Next Steps

The ownership of the smart contracts for JPG will be transferred to MoonRock. IndexCoop will update all of the portals, eg, CoinGecko, CoinmarketCap, TokenSets, Etherscan, Argent, Zerion, IndexCoop pages, etc. All future product income (i.e., 100% of the streaming fee and mint/redeem fee) will accrue to MoonRock. MoonRock will manage JPG on Argent. The Collectooors NFT contract will also be transferred to MoonRock. Support for JPG and Collectooors will move to the MoonRock Discord 4. Index Coop will make social media announcements about the handover. Overall the Index Council thinks this is a good outcome that will allow the DAO to focus on its core products.

Voting FOR:

DO spin out the JPG NFT Index Token and Collectooors NFT contract to MoonRock.

AGAINST:

DO NOT spin out the JPG NFT Index Token and Collectooors NFT contract to MoonRock.