The community PartyBid on Justin Aversano’s legendary Twin Flames #49
bootstrapped the RAW DAO treasury with 871ETH. At the time of sale this was valued at $3,614,650, the 8th most expensive photography sale in history and the most expensive NFT photograph. The piece now resides on fractional.art
and trades under the $FLAMES token.
following the PartyBid, 625 separate addresses received our $RAW token airdrop, with 457,818.7 tokens distributed in total. A few weeks in, the community approved the creation of a Liquidity Pool. The vote
took place in December, adding liquidity to $RAW in Uniswap
. The DAO treasury provided 120ETH and 125k $RAW tokens to the pool. As of the writting of this letter, 500 $RAW traded for about 1.3 ETH, for a market cap of 8,017.92 ETH, or about $25mm.
Our discord already has a vibrant and ambitious community of over 2,200 people with 307 verified DAO members. Dedicated channels have been created to effectively tackle our community goals and a Clarity
workspace has been set up to further organize our efforts. Members can actively contribute by drafting their own proposals or working on ongoing activities.
🎨Curation: A provisional curation committee has been formed, composed of 4 founding artists and 6 collectors. Through the month of December, the committee has made the first acquisitions of the DAO. In January, the committee will rotate to allow participation of new members from the community.
The budget proposal for 2022 has been voted and approved by the community. Our treasury will be divided in 5 main portions: Curation (47% of total treasury), Liquidity Pool (14%), Compensation (14%), Marketing (6%) and Buffer (18%). Further details on the proposal can be found on our Snapshot
🪅Raffle: Some of our Founding Artists have stepped up and gifted the community with some of their artwork. Our raffle has been held and the prizes have been distributed to some of our lucky members. Congrats winners!
To enhance community integration and deepen the discussion around our goals as a DAO, on December 2nd we had our first Members Call. Members who couldn’t participate can keep up by listening to the recording