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Jenny Metaverse DAOJenny Metaverse DAOby0x31880B3343Fcc7891D9C7e018eaa2F48168612140x3188…1214

Voting for a new strategy

Voting ended almost 4 years agoSucceeded

After the discussion in the discord, we would like to set the strategy for the coming months with a vote. It concerns how we want to spend the 416 eth. Our proposal consists of the following building blocks.

1: Missing blue chips. More and more liquidity is going to the bigger projects and household names and we don't have it all yet. We buy what we miss from the top 25 like cool cats, doodles, azuki, clone x, moonbirds, Veefriends, Invisible Friends, mfers and a number of 1/1 artists and artblocks curated. Doesn't always have to be super expensive like piter pasma and certain versions of xcopy. That way we stay in the more popular mode and always have a liquid asset class that you can monetise relatively quickly. We will use 200 eth for this section We can rganise this part with separate votes each time.

2: Continue to focus on emerging markets. For a few eths a week we collect and create valuable content on twitter and occasionally we hit the jackpot. Like we did with some photographers like Drifter and Reuben Wu or with RTFKT. At the same time, we firmly believe that by focusing on high quality art, value will always emerge. But music or historical nfts could be also an option in the coming months. We would like to set aside a budget of 100 eth for this. We would like to keep this budget discretionary so that we can always act quickly.

3: With the remaining 116 eth we have the budget to pick up gaming if the market picks up and we keep chances to search for new developments. For example, the new moonbirds if the opportunity arises. But also commissioning work from OG artists or those who show great promise. We feel like with the reduction in sales, they may be more willing to create special edition 1 of 1s that we think will hold real value when the market pics back up. In this way we continue to build a diverse portfolio that will maintain and steadily increase its value and at the same time there is always the opportunity to sell a part of the assets quickly if necessary.

Off-Chain Vote

yes
15.46K uJENNY100%
no
0 uJENNY0%
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Timeline

May 15, 2022Proposal created
May 15, 2022Proposal vote started
May 18, 2022Proposal vote ended
Oct 26, 2023Proposal updated