Should the OOPAssociation apply for the Mona Lisa Initiative with the following answers?
Let's get the obvious out of the way - Since we are the OOPAssociation, our favorite is without a doubt OOPA. It has quality art, an established team and a vision for building and supporting the community.
As will be described later in the application, OOPAssociation will be looking at projects that we either judge to have the potential for a huge increase in price in the medium/long-term, or projects that provide passive income in some way. Projects that currently provide passive income in some way:
There are also potential passive income providers that will be explored.
As for projects that have the potential for medium/long-term success, the DAO will be determining that through discussion and voting.
OOPA has been, by far, the collection with the highest volume since its launch. SubDAOs were immediately formed, with some of the most prominent ones being:
The OOPAssociation was created to support current SubDAOs, future SubDAOs, as well as dedicated individuals in the community.
The OOPA organization has decided to seed The OOPAssociation with $12,000 and 30 Golden Tokens in an effort to kickstart its effectiveness. These funds will be to help SubDAOs, which usually start with little in terms of treasury. The OOPAssociation treasury will be to:
In short, we want to bootstrap the community until they can manage to become more self-sufficient. These funds from OOPA, however, won’t last forever, and the Mona Lisa Initiative would be a great opportunity for the OOPA community to get more long-term backing. All profit made from this initiative would be put back into the treasury to keep supporting DAOs and community leaders.
The OOPAssociation’s objective is to fund community initiatives. Because of this, our objective is to find ways to generate funds for the community. Since the DAO has been seeded with about $15,000 in funds by OOPA, we are not in immediate need of funds. We are not looking for quick flips. This gives us the latitude to look at two types of investments:
Unlike many other applying DAOs, we went through the proper steps of voting for each step of this process. We voted discussed and voted through guidelines, and this application was also voted on by the DAO.