Project Direction

Team has been grinding these last few months to find ways to add value to this ecosystem given our financial position as well as the current state of the market. Our talks with metaverse teams have proven to be fruitless as the ones that are established have not been responsive and the ones that are building now do not seem to be able to deliver in a reasonable time frame.

As such, we want the DAO to decide the next move. Here are options on ways to use the existing treasury funds:

1. Purchase a plot (or plots) in an existing metaverse now that prices have cooled off and are much more reasonable. Specific metaverse will be determined later in another DAO vote. We can work with holders to build out a space in line with current treasury funds. This will not produce any direct revenue, but could increase visibility and jumpstart the project. We can do this immediately.

2. Produce another drop that will require people to hold existing collections in order to mint. Details can be determined later by the team and DAO. We have the option to burn shroomz/acidheadz to mint, can offer a claim for some sort of serum that will produce a new mutated character, we could allow people to mint the full songs contained in their shroomz (pending licensing agreements), perhaps offer the stems contained in the acidheadz, etc. We can make this free for holders or require some small eth fee to mint as a way to generate revenue. This would take some time to produce the artwork and music.

3. As some community members have requested, we can move to have the existing team turn the project over to the DAO or to another team that the DAO feels is more capable.

VOTE:

1. Purchase metaverse land
2. New drop
3. Turn project over to DAO or another team