Restarting Land Buyback 2.0

by 0x8218a2445679e38f358e42f88fe2125c98440d59 (1010)

As stated in the headline.

The recent NFT season has shown that with increased floor prices, OG collections like BAYC, Pudgy Penguins, Azuki etc are roaring back to life in terms of engagement. NFT volumes have also increased tremendously in the same period. The concept of "cheaper is better" doesn't ring true.

Truth is, DCL LANDs have lagged behind, badly. Nobody's interested in purchasing LANDs if it's Floor Price(FP) is "dead". People complained about high LAND prices in 2021/2022, but that was also the time DCL had the most engagement. The same people who've complained about this then, have also left because floor price is dead now. We have to start rethinking about how the price of LANDs affects the perception of the project.

I'd propose to restart what I started, with lower thresholds considering FP is also lower now.

We can hold on to our ideals of "let the markets speak for themselves", and have our floor prices die a slow death, or tap on unused funds to bring LANDs back, get people's attention, and rebuild DCL's engagement. I'm open to all inputs for people who are supportive of this.

Land Buyback 1.0: https://decentraland.org/governance/proposal/?id=a315f220-e31b-11ed-ae6b-bdc7e2b26a35

• Yes
• No
• 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