Proposal: Permutation 1 - THE HARVEST

In Permutation 1 - THE HARVEST - I propose we use 25% or less of the treasury funds to buy a collection of assorted NFTs and catapult HashesDAO into the ranks of legendary NFT collectors and build a collection to drive value to DAO members and create interest in the DAO. 

Theme: The Harvest is focused on fall as a season for gathering resources. Given we are entering Uptober, it is a ripe time for the HashesDAO to aggregate a collection of fine JPEGs, and to make its mark on the metaverse through its superior alpha harvesting skills.

Budget: Up to 25% of the DAO, or 225 ETH. This leaves plenty of ETH for other DAO activities.

Team: I propose we select a committee of 3 to 5 DAO members who are expert NFT collectors to evaluate and compile a portfolio, coupled with an auditor to oversee the activities of the team. The portfolio should include some blue chip NFTs as well as undervalued gems and revenue generating NFTs. This committee would be responsible for managing the negotiation and purchase of these NFTs for the DAO, and would have the authority to negotiate transfer to reduce sale fees.   Potential categories include single edition art, generative art, PFPs, sports collectibles, or game items. Suggestions to date include:

• Floor punk: 120 ETH (floor punk via Larva Labs)
• 7 Trait Toad: 25 ETH (via OpenSea)
• Mekaverse pieces: Up to 20 ETH 
• BAYC: 80 ETH (via OpenSea)
• Some PAK pieces (Poets, pages, cubes) - up to 20 ETH (via OpenSea)
• Other generative art pieces like Hashmasks

Evolution of the Permutation: These NFTs are value accretive to the DAO and could appreciate materially in value.

Once purchased, I propose the HashesDAO multi-sig hold these NFTs while we work to create a wrapper to fractionalize these NFTs.   In the future, we can use the NFT treasury to do things like assign x% of the ownership to the DAO to be allocated pro-rata among DAO owners (can be distributed partially or fully to enable DAO owners to resell) and y% to something like:

1. Distribute fractional ownership of each NFT to the HashesDAO members based on characteristics of their hash through a specific distribution function that introduces entropy into pro-rata ownership
2. Distribute fractional ownership of the NFTs to 1,000+ Hashes owners based on arbitrary number schemes like primes or arbitrary wording schemes like containing the letters F-A-L-L or C-O-R-N (some harvest themes lol) or other features aligned with the theme of the permutation
3. Sell (at a profit) to replenish DAO funds   However, at this point in time, I suggest the DAO focus on owning and holding high value NFTs to diversify the treasury and drive status and memetic desire for HashesDAO. Future Permutations can be created to utilize these NFTs in various ways that are of interest to the DAO.