Buy a Koda(s)?

Background: Koda's are at a nadir in pricing at the moment (see attached chart for floor koda prices). We've seen these levels before when the ass fell out of the NFT market in 2022 but it's basically been above this all the rest of the time other than when Machi dumped on 21-Apr. For liquid buyers, this presents an opportunity to pick up bargains and/or setup to take profits in the next cycle. While we've had 2 first trips, Legends of the Mara hasn't launched yet which uses Kodas so there's been over 12m with no utility which has also created price pressure (+blur farming +nft market in general +delays in HV-MTL & 10ktf). Koda's come in 3 tiers (at least that's how the market sees them, although I'd argue there is a 4th! #alpha):

• Megakoda (>200E... not in our price range)
• Weapon Koda's (floor is ~10E rn)
• Floor Koda (floor is ~8E rn) Within the floor segment there are Koda's with clothing/armour and without... I think this distinction will be important down the line but at the moment, the market doesn't price these any differently.

As one of the contributors to the Otherside team, I propose that we take this opportunity to invest in one or more of the premium Otherside assets, Koda's.

If the vote to buy is successful, we will launch a second vote around how much resource to allocate. At this stage the discussion has been on a range from a minimum 3E to upgrade to a weapon koda, max ~24E to buy 3 with the plan to sell 2 in the future. You can read more in the Discussion link below!