Proposal 100: Buy The Nakamoto for 86 ETH.

Proposal 100: Buy The Nakamoto for 86 ETH.

Context: We have exactly the necessary amount to pick up a RAREPEPE, aka The Nakamoto, with the ETH in our treasury. The Nakamoto is widely hailed as a “grail of grails” in CryptoArt and we have a chance at getting our hands on one. I’m not sure this chance will be around for long. Sales for The Nakamoto have been accelerating as of late, which is why I feel it’s necessary to pick one up now. For those that don’t know, The Nakamoto is considered the first NFT collectible, and is recognized as one of the first NFTs ever. It’s roots are deep in the cultural and memetic spheres of the entire crypto world. The supply on The Nakamoto is scarce at only 300. We would join an exclusive group known as ‘The 300 Club’ that owns a Nakamoto, and the overall collection reputation of the DAO would improve substantially as a result. This really would give us a seat at the big boy table.

Bear Case: We need to acknowledge that there is a fair level of risk involved here - primarily that this is a narrative play, and that we’re betting on people to believe the same thesis as us: that the first NFT collectible is important. Thankfully, it seems many of the wealthiest collectors and most respected artists do already believe this.

Total Assets: 86 ETH.