Products and Revenues
The OpenDAO has been very busy from day one and February was no exception to this: after the generous airdrop to all OpenSea users in December, the launch of an NFT prediction tool SOSMarket.io and the airdrop of the Genesis Membership NFT in January, The OpenDAO kept its foot on the accelerator by launching the NFT launchpad 721Starter in February.
721Starter is the latest addition to The OpenDAO ecosystem and aims to solve the current pain points around launching large NFT collections, notably the discord whitelist (WL) grinding and gas wars. It’s an evolution of the whitelist system towards a more autonomous, transparent and decentralised approach by integrating Chainlink VRF technology based raffle that guarantees fairness and randomness.
Since 721Starter’s inauguration on the 8th of February, the following eight top tier NFT projects have been launched on 721Starter:
- 800 WL from ALI & HIS FRIENDS
- 200 WL from Weirdo Ghost Gang
- 150 WL from Tales of Tsuki
- 150 WL from Tasty Bones
- 100 WL from Antonym
- 100 WL from Squishiverse
- 75 WL from DAPE
The top three performing ones were Tasty Bones (yielded 23.76x), Weirdo Ghost Gang (yielded 4.8x) and Tales of Tsuki (yielded 1.25x). So far, 38528 people have participated in the WL raffle and 1550 WL spots have been given away.
Genesis Membership NFT
Our Genesis Membership NFT collection has generated royalties of 30.17 ETH in the month of February, out of which 6.02 ETH has been sent to the staking pool along with the January royalties due to the delay of the transfer.
The following nine Snapshots have been passed successfully:
- SOSIP-8-The OpenDAO 20K NFT Collection
- SOSIP — 9 The OpenDAO P2E Gaming Expansion
- SOSIP-10-The OpenSea Exploit Compensation
- SOSIP — 11 The OpenDAO P2E Investment Budget
- SOSIP — 12 The OpenDAO Power of Attorney
- SOSIP-13-Contributors Bonus & Long Term Incentive Plan
- SOSIP-14-Polygon Liquidity Mining Program
- SOSIP-15-Build an OpenDAO gallery and vault to showcase the work of emerging artists
- SOSIP-16-Lowering Barrier of Entry for 721Starter
While five out of nine Snapshots were related to NFTs and one Snapshot was related to human resource, three out of the nine Snapshots were dedicated to P2E gaming, hinting at a new product line.
We have continued our daily core contributors text AMA throughout February and have completed 45 consecutive days in total so far.
We have successfully passed the OpenSea Exploit Compensation snapshot and are now waiting for an official statement from OpenSea before further action.
We have rolled out the following five different weekly Twitter Spaces formats:
- Monday: Bullish Show by Suchi
- Tuesday: Non-fungible Tuesday Show by Ashni
- Wednesday: The OpenDAO Spotlight Show by Laura
- Friday: The Tao of the DAO Show with Angyts and Curiousjoe
- Multiple 721Starter ALPHA Show with launching partners
Collaborations and Partnerships
We have finalised the genome of our 20k NFT Collection, including the design development on the theme and lore. We have evaluated the art based on various main collection prototypes and pre-collection. On track to launch late March or early April.
Snapshot SOSIP-11 gave The OpenDAO the green light to purchase $5 million USDC worth of in-game assets from a 2nd generation play to earn (P2E) game leader, which would make The OpenDAO one of the largest asset holders in the game.
Further we successfully collaborated with
a) Curate, an NFT marketplace,
b) NFTWiki, an NFT social consensus platform,
c) Frontier, an innovative crypto wallet,
d) tip_cc, a crypto tipping bot, and
e) Dework in our discord, a web3 bounty board.
We have recruited the following 14 new people:
ashni#8764, LauraTheMiamiApe#4981, FT#5018, DanRod.eth#2020, CryptoTots#9629, pekora4life#5665, TheDeepFunds 🆘#5770, tonyshen#4559, Dumpling#1966, alashock#2026, tcherryx.eth#5297, Natural9#3994, DD888888#4783, truetexture#2022
In total we are now a team of 42 people.