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Mutant Cats DAOMutant Cats DAOby0xD2AE149dA9445d6476EA5d119410267dcE038a08yakuzah.eth

Should we sell some of our NFTs?

Voting ended over 1 year agoSucceeded

This time we want to ask the community about selling the following NFTs:

  • Cool Cats - the OG purchases for the DAO, but the project has been close to abandoned.
  • Mocca - we are in the money and we're not able to participate in the community and its benefits due to Gnosis
  • Sandbox - we'll keep a 3x3 piece where our Mutant world is developed but we can divest 3 parcels of 3x3 which we don't use and cannot farm for SAND
  • Koda - we have no assurances that this metaverse will ever be developed fully and live
  • X-COPY - an art piece that has very low liquidity
  • Punk - a collection that has maintained its value better than others. Has historical value to some, but also no guarantee that we will see it valued as highly as it was in the past

(Note: We would continue to keep the Apes and the Mutants as they still generate good yield by staking and some of them are used in the comic).

Why?

Due to the ongoing NFT market conditions, the team has been discussing an initiative to further reduce the treasury’s NFT holdings. It is our feeling that DAO's NFT vault has not shown that is a useful tool to attract and retain new holders in the MC community. Our preference is to instead concentrate our holdings into stronger liquid tokens like ETH and SOL that can be easily staked and thus create ongoing benefit to the DAO.

What will we do with the liquidity?

Any proceeds from the sales will be sent to our vault and we will stake them for now.

Notes

We willl retain 1 Cool Cat as a token memory of how the dao began. (https://opensea.io/es/assets/ethereum/0x1a92f7381b9f03921564a437210bb9396471050c/957)

OPTIONS There would be 3 options for this vote:

  • Option 1: Sell all NFTs (llisted above).
  • Option 2: Sell all the NFTs but keep the Punk.
  • Option 3: Do not sell any NFT.

Off-Chain Vote

Sell all NFTs (From the list)
1.87K MUTCATS70.2%
Sell all, keep the PUNK.
703 MUTCATS26.3%
Do not sell any NFT.
93 MUTCATS3.5%
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Timeline

May 19, 2024Proposal created
May 19, 2024Proposal vote started
May 22, 2024Proposal vote ended
May 12, 2025Proposal updated