Dear OGs,
OG.Art has always valued transparency and community involvement. Today, we require your wisdom in navigating through the bear market safely together. Background: Over the past months, breeding activity has been low, and market conditions remain tough. For the business's sake, all expenses need to be carefully watched. There are monthly expenses associated with keeping breeding open and available 24/7 for Heterosis that amount to approx. 4KUSD per month. Additionally, breeding in the past month as slowed considerably. At the current breeding rate, the cost/benefit calculus of keeping breeding open indefinitely does not make rational business sense.
With this in mind, we are reopening the vote for Heterosis' future with three available options, two of which are DAO sponsored breeding extensions. At current ETH prices, the longest breeding extension would require approximately 18% of the funds in the DAO treasury.
1/ Freeze the Heterosis collection starting from August 10 at 12 noon Eastern Time.
2/ Extend the breeding period for 1 month, sponsored by the DAO funds. The cost for this 1-month extension is $4000.
3/ Extend the breeding period for 3 months, sponsored by the DAO funds. The cost for this 3-month extension is $12000.
Your Voice Matters: We rely on your wise decision as always. We want to hear your thoughts on how to proceed with breeding activities during this time. Thank you for being part of this exciting journey!