NFT Finance MVP Programf

Rationale:

The LAND DAO currently holds an NFT portfolio valued at +100ETH, which includes Otherdeed, Sandbox as well as Bodega Blocks and other assets. The LandDAO started with the mission to invest in different metaverse land assets collectively and currently, its treasury is composed by +70ETH in liquid assets (such as etherum).

The NFT Space has evolved from super high speculative investments to a new asset class that has allowed the creation of new class of DAps that allow NFT collections trade and collect in new pro ways (NFT Aggregators and AMMs) as well as protocols building DeFi products on top of NFTs (Perpetuals, Options and Lending Projects): https://twitter.com/Delphi_Digital/status/1605630978755645440/photo/1

Different OGs DAOs (including well known Tribute DAOs as Flamingo, Neptune and SquiggleDAO) are currently engaging with this type of protocols in order to enhance its NFT purchase price, perform leveraged trading, obtain yield on their treasuries and at the same time, qualify for a potential airdrop of those protocols treasuries

Proposal:

Destinate an amount up to 30% of treasury to start the NFT Finance program in which: • Acquire more metaverse land assets (if the loans default) - integral part of DAO’s mission • Generate some yield on our ETH (if the loans get repaid), targeting +20% APR i • Build our brand (by positioning the DAO as the main lender for all land NFTs ) • Help the full ecosystem (the more liquid the NFT, the more valuable) • Help the community (by having liquidity available at reasonable rates)

Creation of the NFT Yielder Role, which will be in charge of deploying the Treasury on NFT Finance activities (including lending and explore other yield avenues), report to the Board and Community results and actions

Next Steps:

Send the proposal to review and voting, if successful: Discuss the potential structure for the NFT Yielder Consider the amount to allocate in NFT Finance activities