Proposal 11: Purchase BAYC Otherside Land

Objective: Use 20eth of DAO funds from the treasury to purchase of BAYC Otherside Land on the secondary

% of DAO budget: 16.9%

Pros: The bored ape yacht club ecosystem is a monster to get into. They consistently create value and remain the pinnacle of the nft space. There is a great chance that they become the pinnacle of the metaverse based on reputation alone. Yuga Labs has an impeccable track record and is under the umbrella of Animoca Brands.

Cons: We don’t know much about their Metaverse at all. We also don’t know what the mint price will be and this is a proposal that is being suggested before we know what the secondary price will be.

Summary: If we are looking to invest in the Metaverse as a community and as a DAO, opportunities like this don’t come around very often. Although we don’t know much about the roadmap or much about the details yet, the chances that this investment goes anywhere other than up is very small. With 55,000 plots being released in the first wave, there should be some opportunities for us to get plots below 5eth. The mint is this Saturday, April 30th so time is of the essence.

Condition: We will wait for any opportunity below 10eth should the price start above that threshold