Short-Term MeebitsDAO Initial Budget
The goal of this initial MeebitsDAO budget is to allow us to start building products and events in advance of opening General Membership (which is happening shortly!)
But crucially: the budget covers the overhead costs, but the projects will refund the total amount spent by the treasury.
We are proposing to spend ~$35,000 over the next several weeks and we will make that back through the sale of wearables, merch, and collectibles. In addition to the DAO Treasury expenses, our sponsor block::block is also paying for several DAO related expenses.
When new members join, we’d like to have three things in the works:
- A cool event
- An impactful tech project (in service of our broader DAO mission)
- The capacity for new and interesting giveaways
We elaborate on each of these below. This budget is meant to sustain us for several weeks, after which we hope to have full governance and community-driven budgeting in effect.
ONE. We’ve already hosted a successful Decentraland event, but would like to host a second, more ambitious one that includes DCL Meebit wearables, POAPs, etc.
Based on this, we believe we can generate ~$15,000 selling wearables to collectors, while still being able to give our a free wearable to everyone in the community who attends the event.
Revenue projects are based on the following:
- One unique wearable head: average sale price 8,000 mana
- 10 mythic wearable heads: average sale price 1,000 mana each
- 100 legendary wearable heads: average sale price 150–200 mana each
We are working closely with Jess and Kerim from the community and we think this is a great way to get new members excited about the work of MeebitsDAO.
TWO. The DAO’s ultimate goal is to support the creation of products, games, etc. that “get Meebits everywhere” (especially the metaverse). We’re incredibly excited at the prospect of getting the MeebitsDAO photo booth (currently a fun, novelty software that allows Meebits owners to take pictures of their Meebits in different poses) to become a product that generates walk cycle sprite sheets that enable more realistic Meebit characters to live in the metaverse.
See related ideas here. (One-pager is forthcoming)
At the moment, the full cost of this dev work for this project is being covered by MeebitsDAO sponsor, BLOCK::BLOCK.
THREE. We see giveaways not only as a fun way to engage the community (and a good way to generate excitement as new members join), but also as a way to incentivize certain member behaviors, like attending town hall events, voting on proposals, etc. We have three planned giveaway activities:
The first are physical Meebit collectibles, made by CryptoKaiju. We propose that the DAO fronts the cost for 200 physical toys, of which we sell ~180 to the broader Meebits community at or slightly above cost, and retain 20 toys for future DAO giveaways.
The second are flat Meebit profile pictures, which we are prepared to give every DAO member for free, with costs covered by MeebitsDAO sponsor BLOCK::BLOCK.
The third planned giveaway is merchandise. We are partnered with IYK, a company that creates physical merchandise with an embroidered tag that directly links the merchandise to an NFT. We expect to sell some of these for ETH to the broader community, and leave the rest to be “sold” in exchange for the tokens generated in the Discord through the !daily coin collections. IYK is giving us a deal and allowing us to purchase the merchandise at cost from them.
That’s all for now!
