🌸 DAOSaka DAICO

Known Origin x MetaCartel DAO

DAOSaka is the first-ever NFT Art DAOICO run by MetaCartel DAO and Known Origin as an experiment to push our shared understanding of how to coordinate DAO funding.

• This DAICO will collect a maximum of $2,000 dollars of investment and attempt to make a profit via the sales of NFT Artworks, which will be commissioned by the initial pool of investment.
• The funds will be coordinated using Moloch DAO contracts with DAOHaus
• The commissioned artworks will be minted on the Known Origin platform
• Revenue split: 90% returns to DAO, 5% goes to the original commissioned artist, 5% goes to KnownOrigin.
• Profit-sharing: 80% of the profits will return to the investors and %20 of the profits will also be shared with the artists.

Can this become the first-ever profitable Moloch DAO?

Goals of DAOSaka

1. To understand what it takes to run a DAICO? And to see if it is even possible. By running a DAICO at a small micro-scale, I expect us to better understand how to run one at a larger scale — by actually doing one.
2. To break the mental barrier of how DAOs, DApps, and ICOs are all inherently unsustainable. This DAICO aims to produce evidence off how to you can make a profit off a crypto-native business such as NFT art.
3. Bring more art to the Ethereum ecosystem and hopefully provide an opportunity for people to bring a piece of Osaka back with them.

Even if we don’t make a profit, publically and transparently account for a loss would make significant grounds for Ethereum as well as hopefully bring fund coordination mechanisms back into the proper light and discussion.

Be part of history

You can pledge and invest into the DAICO here via DAOHaus (DAOSaka)

• Minimum investment $20 DAI, max $100 DAI
• Wallet must have enough DAI in it

If you are an artist and want to get involved, check out Known Origin’s guide with more details here.

We will begin selling the NFT artwork during the 1st of October. Stay tuned.

🌸 DAOSaka DAICO