Buy 20 WoW Pixies - floor is 0.17 ETH

https://opensea.io/collection/wow-pixies-v2

PLEASE NOTE: WoW Pixies are not related to World of Women, though the DAO owns WOW royalties and was started by WoW holders. I own 30 currently.

Spend: The DAO should spend up to 4 ETH (0.17 x 20) on this proposal.

Details/Justification: -Wow Pixies should be trading at 0.514 or greater TODAY.

-EVENT: WoW Pixies price did not change today despite a massive increase in the underlying vault value as they minted 31 WoW Galaxy including an iridium and other rares.

-WoW’s Pixies vault is currently worth approximately 300 ETH / or 0.054 ETH / pixie.

-Current earnings per pixie are 0.036, or 21.1% cash return. WoW Pixies owns rare WoW Royalty rights that generate 200 ETH / year in royalties Royalties Club or 0.036 eth per pixie, per year. That is a 21.1% earnings yield. The current floor implies this is only worth 3 x earnings (the S&P 500 trades at 26 x, current 30 year mortgages at 21.6 x)

-WoW Pixies get access to: Pixie Marketplace which lets NFT holders swap for underlying NFTs in the value; Curious Addys, Meta Angels borrow, free future Pixies mints, and WL to certain projects.

-Value per NFT should rise as people understand what’s in the vault: Current holdings: 0.054 ETH Income per year: 0.036 * 10 = 0.36 per pixie ETH (still a 10% cash yield) Implied current price: 0.514 Future whitelists and projects = ?

Links: Vault link is: https://zapper.fi/account/pixiesvault.eth?tab=nft

https://talk2much.medium.com/an-inside-look-into-the-world-of-women-nft-collection-31d224f5a92c