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WizardsDAOWizardsDAOby0xec374484A1B4a4974F536Ee625F5A23a3a22b2810xec37…b281

Buy TBAC Full Set for 35 ETH

Voting ended almost 4 years agoSucceeded

What is TBAC? The Boring Ape Chronicles. https://opensea.io/collection/tbac https://theboringapechronicles.com/

This is a NFT project founded by Timpers and Insight. Timpers is the artist, and has worked with a number of successful projects, most notable being Nouns. Insight is his twin brother and drives the lore/story aspect of TBAC.

TBAC is the story driven side, while Chimpers is the pfp side. https://opensea.io/collection/chimpersgenesis

Currently, all 100 Genesis Chimpers are in the process of being minted (61 so far). They are minted by burning a "Diamond Fleece". The floor for Genesis Chimpers is 50 ETH, but the most recent auction settled at 25 ETH. In late April/early May, the team will be dropping 5,555 generative Chimpers. There are various ways to gain access to this drop, one being holding a full set.

What would we be purchasing? The full TBAC set includes:

  • Diamond Fleece - can be burned at any time for Genesis Chimpers (27.69 ETH floor)
  • TBAC Episodes 1-6 (combined 20.15 ETH floor)
  • Animated production (1.2 ETH floor)
  • ebook (.5 ETH floor) TOTAL VALUE: 49.54 ETH based on current floors*

*ebooks only thing with much liquidity, though two diamond fleece were just swept for 11 and 15 ETH

Why would we want all that?

  • Diamond Fleece burning always draws a lot of attention/hype from the community
  • Diamond handed, organically growing community that is focused on building These are the kinds of people we want to focus on adding to the WizardsDAO
  • Genesis Chimpers are slowly increasing in value per weekly auctions (last week Odious paid 25 ETH for one, we can watch this week's auction and see where it lands to help determine if we should pass this proposal or not)
  • Full set holders get 8 mints from generative collection
  • Genesis Chimpers holders get multiple mints in generative collection (speculation is 4-8)
  • speculation/rumors are 1 ebook = 1 generative mint
  • total, the DAO would get ~15 generative mints
  • If Genesis floor holds around 25 ETH, generative should easily be in the 3-5 ETH range, if not higher (especially with smaller collection of 5555 and expected ~50% unique holders)
  • Timpers and Insight have strong connections with communities like Nouns and BAYC, giving them opportunities for valuable partnerships in the future
  • Early to a solid community that will continue to grow based on quality of art, story, connections, and brand (keep in mind that 99% of the NFT community makes very last minute decisions, and being early is where much of the ETH is made)
  • People consistently dropping 1-2 ETH to buy ebooks purely on speculation that 1 ebook = 1 generative. Community is bought in

I think Chimpers is the perfect intersection of some of the strongest themes in NFTs driven by one of the most well known artists:

  • Ape motif (BAYC, Cyberkongz)
  • Pixel art (Punks, Nouns, Wizards)
  • Anime vibes or what I would call "weeb shit" (Azuki)

How much will this cost? 35 ETH A full set holder is willing to sell us all of the above for 35 ETH If we assume generative can reach a 3 ETH floor and we get 15 of them, that alone is 45 ETH. Assume Genesis could go for minimum 20 ETH, that's 65 ETH for a 35 ETH investment. (Keep in mind these are assumptions/speculation)

Additionally, the full set of episodes 1-6 will unlock additional drops in the future as the project grows/develops. From the discord:

"The TBAC artwork full set is the OG grail of everything that has been done and yet to come, it’s only right to dignify its importance, it is provenance personified."

Off-Chain Vote

Yes
24 WIZ38.7%
No
38 WIZ61.3%
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Timeline

Mar 31, 2022Proposal created
Mar 31, 2022Proposal vote started
Apr 05, 2022Proposal vote ended
Oct 26, 2023Proposal updated