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The NFT Community DAO (NFTCD) is comprised of NFT enthusiasts investing in yield generating NFT projects.
Ethereum: https://app.daohaus.club/dao/0x1/0x6c8b9d71bb6c29e0ac7a33ddaefcf0a0f3e88f8f
xDai: https://app.daohaus.club/dao/0x64/0xd8837c5bf792443edec94576e23450166dfd3ae8
Polygon: https://app.daohaus.club/dao/0x89/0xb041e3a88df8ec0a06726268f6711d6a84284e4e
Twitter: https://twitter.com/NFTCommunityDAO
Discord: https://discord.com/channels/868728297792602193/869696202399174758
Discord Invite: https://discord.gg/5zeXyWZsqv
Telegram: https://t.me/nftcommunitydao
Daohaus Forum Page: https://forum.daohaus.club/c/nft-community-dao/109
Snapshot: https://snapshot.org/#/nftcommunitydao.eth
Newsletter: https://nftcd.substack.com/
Moloch Contract: 0x6c8b9d71bb6c29e0ac7a33ddaefcf0a0f3e88f8f
Link: https://etherscan.io/address/0x6c8b9d71bb6c29e0ac7a33ddaefcf0a0f3e88f8f
Minnion Contract:(Orca) 0x46d20a21532b4cabbf8165f29a4d7bf0a9d35c33
Link: https://etherscan.io/address/0x46d20a21532b4cabbf8165f29a4d7bf0a9d35c33
Nifty Minnion:(Dolphin) 0x845adfc0f3abb6d56d4d4daa56c1507be18295f4
Link: https://etherscan.io/address/0x845adfc0f3abb6d56d4d4daa56c1507be18295f4
Moloch Contract: 0xd8837c5bf792443edec94576e23450166dfd3ae8
Link: https://blockscout.com/xdai/mainnet/address/0xD8837C5bF792443EdeC94576e23450166DFd3ae8
Minnion Safe Contract: 0x8752c694dae66d56d4764b2f8a69a4789ff8c219
Link: https://blockscout.com/xdai/mainnet/address/0x8752C694Dae66d56d4764B2F8A69A4789fF8C219
Gnosis Safe on xDai: 0x912c0145f1b565af2d471e16cd91390b8789f91c
Link: https://blockscout.com/xdai/mainnet/address/0x912c0145F1b565af2d471e16cD91390b8789F91c
Link to Safe: https://xdai.gnosis-safe.io/app/#/safes/0x912c0145F1b565af2d471e16cD91390b8789F91c/balances
Moloch Contract: 0xb041e3a88df8ec0a06726268f6711d6a84284e4e
Link: https://polygonscan.com/address/0xb041e3a88df8ec0a06726268f6711d6a84284e4e
Minnion Contract:(Poly Orca) 0xfbf7a64b2619c3d6d09e1eba0cf960a77cc8895a
Link:https://polygonscan.com/address/0xfbf7a64b2619c3d6d09e1eba0cf960a77cc8895a
Nifty Minnion:(Polydolphin) 0xca8e4f6e41c5072c0611d86a3dfc21b7047bf2da
Link: https://polygonscan.com/address/0xca8e4f6e41c5072c0611d86a3dfc21b7047bf2da
We are a group of NFT enthusiasts who first formed while following the renown NFT artist pseudonymously known as Lux Expression. Out of that community came a group interested in expanding the capabilities of their investments were they to pool their resources together.
First of all, the DAO is set up to run on the Ethereum blockchain, xDAI blockchain and on Polygon. The main focus is on building the Ethereum DAO; however, the ability to be flexible and take advantage of opportunities as they arise, it is best to be prepared. In addition there is a minion and a nifty minion vault summoned. More on minions as the wiki progresses. There is also one other DAO which will not be made active unless required. The system upon which the DAO is summoned is from DAOhaus, who them selves built upon the moloch dao framework developed by the metacartel.
Mainly through investments and NFT sales. There is also the possibility to earn "rent". Every investment the DAO makes is made democratically and on chain. Meaning all votes are calls to a smart contract, as are proposals. The following are samples for the type of proposals that can be made as investments.
The most important part of this process is to join the Discord and get to know the community and ask questions. If you feel like you want to join, you will need to submit a membership proposal to the DAO. Your membership and the shares alongside of it will be voted on by the community.
- NFT Sales The DAO will soon have the ability to accept NFTs as tribute in exchange for shares in the DAO. Essentially the DAO will establish the value of the NFT, through market research (or feeling as this is often art afterall) and exchange shares for that NFT. This is also based on the average price paid per share to enter the DAO. The DAO may also buy NFTs on the open market. All the NFTs are stored in the Nifty Minion vault. This vault may also act as a market place or the DAO can interact directly with Rarible.
- NFT Renting and Franchising on the Metaverse There is a unique opportunity right now in the development of what is known as the metaverse, which is often a 3 dimensional wonderland. On this a user may purchase real estate and actually create virtual buildings, meant to serve many purposes. It is possible for the NFTCD to purchase virtual real estate and then rent it out for a continued stream of income into the DAO.
With that there is also the possibility to buy things like racetrack, gas stations and billboards to name a few. These can be rented out for advertising. In the case of gas stations in racing games, if enough are owned, they can be branded and rented out or sold. Or kept and a steady flow of income brought into the DAO in game gas fees.
There is also the possibility of renting out NFTs for people to use in games where having a better NFT will earn better rate of return. With us buying as a group, we would be able to purchase some of the highest yield baring in game items available. So (Unless someone in the DAO wanted to play) you could rent out the NFT for a split of the reward revenue.
- Holding NFTS With some NFT projects, simply holding the NFT in a wallet pays rewards, often in that projects own token. The NFTCD can simply hold these NFTs in their vault and collect yield for the DAO. It is also possible that holding the NFT can earn yield in other ways, but that does not matter as long as the yield is going back to the DAO.
- Staking NFTs and into NFT Projects In a way, the previous example is a form of staking, however there are other protocols that have staking pools for NFTSs. There are a couple options available to us here. We can enter into staking pools with our crypto, or if appropriate with our NFTs. What is quite often the case in these situations is you are then given an erc20 token that represents your share of the pool (much lie we have in the DAO itself). We can then trade that token on the market if we wish or hold it and collect yield from the pool. Often times we will also find NFT projects and games that have crypto staking pools, with their own token matched up to ethereum or USDT or whatever. They often pay very high interest rates, so that is another possibility to explore.
- Burning NFTs Say what? Yeah it's true. Burning NFTs is a great way to increase the value of other NFTs you hold. For example, the project could whale into a projects NFT drops and purchase a large chunk of the drop (or buy up all the remaining copies after an initial drop). For a large enough purchase, the DAO could even negotiate with the project, a price to bulk purchase. After the NFTCD owns the NFTs, the community may vote to burn a percentage of them and be left with more valuable NFTs, for every person who purchased one, even if they are not members of the NFTCD.
This is not a question that can be easily answered as the direction of the DAO will evolve over time, based on the community interests. Some options include:
*Becoming governance partners in other projects, through the purchase of a projects governance token or by earning them through other means. *Partnerships with other DAO's *Entering into the DAO of DAO's, called "UberDao" on the DAOHaus system grant programs to bootstrap developing projects or in very special cases, individual creators who are active members of the DAO.
I wouldn't do that just yet, but hopefully one day we can say that involvement in the DAO will be profitable enough to quit your day job.