As the DAO currently owns and stakes NFT Worlds, we have the opportunity to mint NFT Worlds Genesis Avatars by receiving one Whitelist pass for each NFT Worlds owned. There will be a total of 15,000 Genesis Avatars.
Rationale: NFT Worlds is exceptionally positioned to bring current gamers into the Metaverse, due to their compatibility with Minecraft (140M monthly users). One of NFT Worlds' potential future income streams is via play to earn (p2e) games built on top of Worlds. There will also be a $wrld marketplace to facilitate "frictionless buying, selling, and trading of NFT Worlds game-specific items," and staked NFT Worlds Genesis Avatars will receive 50% of the marketplace fees in perpetuity. This represents a great opportunity to create some passive income that will enhance the growth and long-term stability of the DAO. Given the lower price of whitelist mint vs. current secondary price or public mint price, the best value is to mint using whitelist passes. If we do nothing after 24 hours (from 6:00pmPT/9:00pmET 5/4/22) the whitelist passes will be useless and have no value.
Price: The whitelist pass mint price is .4 ETH The public mint price will be a dutch auction starting at 1 ETH and ending at .4ETH.
Recommended Action: Utilize each Whitelist pass that the DAO staking wallet receives to mint NFT Worlds Avatars at .4 ETH each. Mint as many Avatars as we have whitelist passes (no more or less: this should equal the total number of NFT Worlds the DAO owns).