The proposal
- Our core team originally planned to offer the holders of our NFT Prometheus their first investment opportunities in November 2022 through a proprietary Launchpad.
- We suggest launching the private investment opportunities as early as the week of September 26.
- Though the investment opportunities would arrive absent from the Launchpad, which is still scheduled for the end of 2022.
The rationale behind the proposal
- Our network of venture capitalists, business angel investors, and partners provide XBorg with high-quality private market investment deals.
- Current private market valuations are very interesting and offer our NFT holders a lot of upside potential.
- To gauge NFT investors' interest in private market investments and establish a track record for bringing on higher-caliber projects.
- Conducting successful market transactions exclusive to NFT holders has the potential to attract investors and raise the Prometheus NFT's intrinsic value.
The implications
- There will be an election for the Investment Council. A group in charge of Preliminary screenings, Investment shortlists, and Due Diligence. The council members, which may include the XBorg core team, will be elected through governance actions.
- Providing early utility for Prometheus NFT holders.
- Starting the process absent the Launchpad platform.
- Details such as the investment process and workflow will be disclosed.
We are at the cusp of a future where players are recognized as an integral part of the gaming industry value chain. Allowing players to participate in investment opportunities in projects is a big stride towards this outcome.
Lou | XBorg#6621