SC004: Allocate Seen Haus Treasury Funds to NFTX

Intro

2020 showed us that investors have recognized bitcoin as a viable alternative to gold.

2021 is showing us that investors are recognizing NFT’s as a viable alternative to physical collectibles as well.

• NBA Top Shot has done over 20M in trading volume.

• Mark Cuban has a Rarible account

• Seen Haus is making NFT’s for artists all over the world.

The art industry is being turned upside down. We are on the verge of something monumental.

Aside from growing Seen Haus, how can we capitalize on this opportunity?

NFTX

Enter NFTX - a platform for making ERC20 tokens that are backed by NFT collectibles. These tokens are called funds, and (like all ERC20s) they are fungible and composable.

With NFTX, it is possible to create and trade funds based on your favorite collectibles such as CryptoPunks, Axies, CryptoKitties, and Avastars, right from a DEX like Uniswap.

@rleshner and @tarunchitra are a few of the notable names who have already invested.

We agree with their thesis that these funds will be the most likely way investors gain exposure to the NFT space.

Therefore we would like to propose allocating 5% of the treasury to NFTX, so we as a community can take part in the exponential growth the NFT industry is about to embark on.

Specifications

Allocate 5% of Seen Haus treasury to NFTX