The purpose of purchasing these NFTs is to explore other applications of our DAO and how we can tightly interact with another community. I expect we will learn a lot about new tooling needs, new frameworks needs, and we will likely find a new group of people we can share our enthusiasm and passion for decentralisation with.
10k USDC will be sent to the GrapevviL94JZRiZwn2LjpWtmDacXU8QhAJvzpUMMFdL wallet – this wallet has traditionally acted as our escrow wallet and is accessible by @DeanMachine @BillysDiscord and @Whale_s_Friend . Im choosing this wallet instead of a squads because it will be MUCH easier to operationalise the purchase and the sending of assets, and will also save us on SOL transaction costs.
Most of the 10k USDC will be deployed purchasing NFTs near the floor of the selected project. Any USDC remaining will be sent to the treasury. These NFTs will be purchased over 30 days. At any time we can decide to stop purchasing these NFTs and return the remainder of the USDC to the treasury.
The NFTs will remain in this wallet until there is a next step on managing these NFTs.
Options could include:
Depositing to the NFT Council
Depositing to the Realms Treasury
Making a new squads/unq club to manage the NFTs
Or any other idea the DAO proposes