Should the DAO Buy Back LAND?

by 0xd11a019a70986bd607cbc1c1f9ae221c78581f49 (Yemel)

The DAO currently owns Genesis City roads but it would be great to have other plots of LAND available to populate the city and give exposure to great creators.

Also, the recent release of Worlds has brought fears about how it will affect the LAND market. However, I believe the DAO should remain bullish about Genesis City and the potential to become the main lobby of the Metaverse, a traversable space created and owned by its users.

A buying pressure of LAND will provide support to the LAND market and provide an exit alternative to those who don't share the vision of Genesis City.

The buyback strategy could be designed as:

• A monthly budget to buy the cheapest pieces of LAND in the market.
• A price formula based on closeness to 0,0 and to the closest road.

A similar proposal has been shared by community members in the past:

• Restructuring the LAND Business
• Buying back LAND and restructuring the LAND business!
• A vision for Decentraland's next 5 years - see "LAND liquidity protocol"

I'm very interested in your thoughts and feedback.

• Buy cheapest at marketplace
• Buy back price formula
• Do not buy LAND
• Invalid question/options

This proposal is summarized due to technical limitations. To view it complete and vote on it, visit the DCL DAO Governance dApp