Join us on a quest to create the greatest future-proof metaverse vault.
From Ether Tulips and Moon Cats, to Punks and Bored Apes, there is no denying the immense popularity of non-fungible tokens (NFTs). The more you read the headlines, it almost seems like everyone is jumping on board. Do household names like Nike and Adidas ring a bell? Even Justin Bieber is aping into NFTs these days. And I mean if Justin is doing it, why wouldn’t you?
By the time 100% of global power runs on sustainable energy, everyone will own digital items on web3. The vast majority of people won’t even know or care that their in-game weapon or unicorn hat is an NFT; powered by blockchain technology. They’ll just know they have full ownership over it and can freely transfer and sell them in the metaverse.
Now, Sticky DAO is ready to let you stick around for the long term. We’re launching our own pfp collection that consists of 8,888 sticky beings, offering a wide range of utility, including a membership to our decentralized autonomous organization (DAO).
Sticky DAO (Formerly NFT Society) was created in 2021, founded by ‘Jpeg Jeffrey’. Prior to venturing into crypto and blockchain he has been successful in e-commerce, affiliate marketing, and SEO. Jeffrey has worked for blockchain startups since 2017, where he led community and marketing projects for Dragonchain.
Jeffrey worked for Dragonchain spin-off, Den, a social forum often compared to Reddit. One difference between Den and Reddit is that all the content and engagement on Den is on-chain, including votes. Den also has community ownership. The weight of your ownership in communities is based on how many NFTs you hold. These NFTs generate a proportional amount of passive income through engagement and curation in that community. All of this innovation led Jeffrey to a growing interest in NFTs as friends started minting Apes, Cats, or even created their own startups such as $Meme and Niftys.
Sometime in the middle of 2021, things really started to heat up for NFTs. More collections were launching every day and it was hard to keep up with everything. Still, around this time, it was manageable to keep your eyes on on-chain data on Etherscan to see which NFT collections were hot at that moment or which ones were just newly launched. Another great technique was to track whale wallets through bots and push notifications. Later we were blessed with premium services such as NiftyRiver, Icy Tools, and Nansen who just raised another $75 million through venture capital. But with each passing day, it’s getting harder since new NFT collection are minted every minutes, and that's just on the Ethereum blockchain.
Every day, more and more eyes are needed to ensure no alpha is being missed. No one wants to miss the next alpha. From generative art and pfp collections to hyped whitelists for mysterious drops, it’s a lot to take in. That is where the power of a community comes in to play. Software can tell you what is happening, and sometimes predict what is going to happen. But, software can not read the conversations taking place in (private) chat rooms where the true emotions behind projects are seen. This is where conversations on the aesthetics and the quality of the art are being discussed.
The power of the people, also known as 'wisdom of the crowd', can signal upcoming trends. This has been proven in Sticky DAO and other alpha groups for a while now. But to get to the next level, to scale our community and our potential, we need to innovate. We need to provide newcomers an opportunity to be part of something bigger. We’re all making NFT trades independently, and not yet as a whole. Our DAO will do just that.
Many alpha groups and DAOs will exist. But a seed needs the right environment and nutrients to achieve its full potential. NFT Society was created and grown organically into what Sticky DAO is in today's form. And the early 3,000 or 4,000 members have supported each other through the NFT journey even before there was any talk of a DAO or investments. This is a community that is ready to take the next step, as one community, together.
Making an emotional connection. Danny Cole, the artist behind Creature World, wondered in a Twitter space recently: Why do we need something to be an NFT? While the answer may vary for everyone, there’s one thing Danny said that stuck with us:
❝Emotional possession brings us emotionally closer❞.
To be part of a group, a community, is one thing. Making a genuine connection is something else. For Sticky DAO, to bring the most value to each other, we need an emotional connection. In the coming metaverse, there is no better way to harness that connection but to share NFTs. NFT communities bring people together with a common interest for an instant connection and acceptance amongst a group of people who would otherwise be unknown to each other.
A big part of the success of Sticky DAO depends on the goodwill in the community. The goodwill to share with each other. To share alpha calls and encouraging WAGMI. Giving back. Paying it forward. That is in our DNA.
The most future-proof metaverse vault.
Why? First of all that specific sentence is thanks to the input of Mick //, the previous one was bad. Second of all, in my opinion if we keep that mission in mind it will always lead back to our core, which is alpha and teamwork. Be it for gaming NFTs/tokens, land NFTs, pfp NFTs, and other NFTs. If we keep the future and long-term in mind, at least for our treasury and DAO, and not the quick flips, derivatives, and short lived hype collections; our treasury and DAO will do very well in the long run.
We have to stay true to who we are. Where we came from. Why we grew organically as a community. It’s alpha. We’re not out here to flex our blue chip NFTs, we’re here for new opportunities with max profit potential. With household names acquiring NFT startups and launching collections on their own, there has not been a better time to build the most future-proof metaverse vault. DAOs are being set up for all sorts of reasons. And those with the clearest mission, are set to succeed. Although the ‘constitution DAO’ was not able to acquire the Constitution, it is evident that DAOs achieve success through collective interest.
❝We tried to buy the Constitution in 7 days, raised $40M, onboarded thousands into crypto and educated millions❞.
You should not forget that most NFT initiatives currently are still in year 0. The time to launch this DAO could not be any better for any one of us.
Sticky DAO’s genesis NFT collection will have multiple tangible utilities.
First and foremost, the NFT collection serves as a great profile picture on socials, as do with many other collections out there. It is your proof of membership to Sticky DAO. For us to connect as a community on a deeper emotional level, we need good art. There are DAOs around that inspired us in some ways, but lack their own collection. Think of JennyDAO which only consists of ERC-20 tokens instead, and mostly funded through VCs.
Second of all, owning one or more NFTs gives exclusive access to private channels. We already have some limited channels on the server. The most famous one is the Alpha and Kings channel. This is an alpha signaling channel where only members with the Alpha or King role can talk, but everyone can read. The channels that will come out of the DAO with NFT-based access will be fully restricted to other members who do not hold the Sticky DAO collection.
These channels will be determined at a later time and will serve as a home to members with any skill set or interest. One channel may be for developers looking to create, play, and build on our Metaverse land. Another channel may be solely for discussion around our branding, positioning, and marketing strategy. And yet another may only be dedicated towards the selection of charities we support through secondary fees from OpenSea, X2Y2, LooksRare, Rarible, Coinbase NFT, and other NFT marketplaces.
Through collaborations and partnerships with other communities, developers, and artists, Sticky DAO members will be whitelisted (allowlisted) for selected and vetted new NFT collections. This may also be done through give-aways, where 10, 20 or more members have a chance to win whitelist spots for upcoming projects.
DAO members will be able to use their voting power to determine how the funds of our treasury are invested, including the selection of any type of NFT purchases (Land, art, in-game items, memberships, etc). This is a democratic process within a small set of rules to be determined. Due to the fast-paced market conditions and sudden opportunities, the founder and DAO members can decide to purchase and sell NFTs in the best interest of the DAO without first hosting an on-chain majority vote or proposal.
Once a year there will be a rooftop party, hosted in Madeira. Portugal's Madeira Islands - which sit between Morocco and Portugal - have been named the best island destination in the world every year since 2015. The islands have also been named the best island destination in Europe eight times in the last nine years. Madeira hosts breathtaking nature with mountainous landscapes and incredible sea views, including Europe’s highest sea cliff at 589 meters. Besides being a gift to the eye, the island of Madeira has also stood out as one of the places of excellence for digital nomads and investors active in cryptocurrency.
The rooftop party revolves around the celebration of the DAO’s one year existence as well as profit sharing. A handful of members will win tickets + stay, with all expenses covered. There are cheap direct flights available from New York and every major European capital city.
The yearly event revolves around DAO members who can decide to take profit and burn their NFT (therefore lose DAO membership too), OR own enough tokens (Q4) to take profit without sacrificing the NFT, OR continue to remain DAO member without taking profit (benefits to be decided). Another option is selling your NFT on OpenSea but that would transfer their share of profits to the new owner. This yearly decision would fix many issues commonly seen with DAOs and also add scarcity for holders over time, as people exit and burn NFTs. (see Profit Sharing section below)
Other exclusive events may be randomly hosted in cities around the world, where we bring the DAO to you. Local events could also be hosted by DAO members with (some) funding from the DAO if there’s enough community interest. Sticky DAO may also be invited to events of friends in the NFT space.
The metaverse plays an important role in our strategy. And it starts with land. We can not predict which project will succeed in building the foundation of our virtual homes. We just know we need exposure to those with the best odds.
From Decentraland and Sandbox to newcomers along the way we won’t stop at simply owning land. We need to find innovative ways to create passive income from community-driven metaverse development. This could take the form of building a casino, a museum, an arcade room, or other businesses with potential revenue. We will take the metaverse into consideration with every NFT purchase we make from our vault's treasury. As a community member mentioned, we need to extract value out of the metaverse.
❝We can have roles in the DAO dedicated to this which will create value. 2022 could have brands big and small rushing to find this kind of expertise which would be great to not just have land but also developers who are good at programming on the land, building a metaverse strategy, etc. People lend more land to develop, we pay them some rent in governance tokens rather than their land sitting empty, use our experts to build, build dao/protocol liquidity from building experiences/events/rent out space❞.
Additionally investing in AAA games such as buying tokens when the market is slow, and locking in LP could prove to be a good long term play if the DAO majority decides to do so.
The DAO vault’s ENS will be shared with everyone shortly after closing the mint.
Any proceeds from the mint are securely stored in a cold wallet. This wallet will send ETH to the hot wallet when needed, or to external parties.
The DAO vault’s ENS requires 3/5 approval to move anything. Due to security reasons, the identities will never be revealed. Nor do any of the signees know each other, or how to contact each other, other than Jpeg Jeffrey. If Jeffrey would somehow pass away, details are provided to an appropriate person on how to proceed.
The hot wallet is used to purchase NFTs that will immediately be sent to the vault of our DAO.
Proposals for acquiring NFTs can be submitted on-chain to our upcoming Lair on Den. This is also where everyone can vote on-chain. Every DAO member can propose and vote on what NFT to buy with the treasury to put in the vault. There will be some guidelines and minimum requirements. Including basic filtering to prevent scam, spam, and flood of cheap temporary cute NFTs, etc. The DAO can also buy on their own without a vote if fast action is required. There might be a small group of alternating art curators who can weigh in there in a private channel for quick decision making.
Detailed instructions with a step by step guide will be provided. For unique opportunities with clear time constraints, the DAO may purchase NFTs without a vote, based on sentiment in the Discord server, based on NFT communities in general, or based on newsworthy events unfolding.
We are officially partnered with Den and will incorporate some parts of the DAO there. An upcoming article will provide more in depth explanations. Sticky DAO will have it's own Lair, analogous to a web 3 version of Reddit's subreddits. Ownership in Den’s Lair communities is NFT based and also generates passive income in the form of cryptocurrencies. Here's a little slideshow if you want to learn more: https://docs.google.com/presentation/d/1HV0eirU2anJaJGSJLGQiibLDY4s1J4R7piYbMXIgU0I/edit#slide=id.g6c4aed1e31_2_777
There are several potential uses for Den. One option is to use Den to vote on proposals for the DAO structure such as royalties, curators, etc. Voting in Den will allow us to vote on-chain without having to pay gas fees. We can also vote to sell NFTs from the vault that are expected to depreciate in value. DAO members will need to hold the NFT to be eligible to vote on proposals.
The possibilities are endless. We could reward different types of DAO members with different perks such as crypto, POAPs, exclusive roles, etc. We have some other ideas that need more work and will require custom (smart contract) development and integrations. Stay tuned!
Don’t worry. We're not moving from Discord at all. Discord is the place to be at the moment for NFT communities. We're just gonna incorporate Den where it makes sense to do so, instead of using other (great) DAO services like snapshot.org.
Every Year there will be a vote to decide if realized profit - if any - is distributed to DAO members, or will be reinvested for another year. If a DAO member wishes to exit the DAO with their portion of the profits, this can be done yearly within the given timeframe,to be decided by the DAO.
These opportunities will be explored at a later stage, with the collective input value of all DAO members. At this moment, there is no token planned for DAO members before Q4, nor have we decided yet to fractionalize certain assets we are acquiring in the near future.
200 max mint sticky list spots will be given to early members of Sticky DAO. These can be members from any of the following OG roles: Alpha, Pink Alpha, King, Chad, Goat, WGMI, and DAO Brains.
*subject to change pre-launch and having any of these roles does not guarantee a place on the sticky list.
There will be different ways to get on the allowlist as a new member, including:
The fee for secondary sales is set at 7.5%. This can be adjusted by a majority DAO vote. Proceeds from secondary sales will be spent as follows:
When the collection sells out, there will be ~690 ETH in the Sticky DAO treasury.
This paper has been optimized with the input of 100+ early DAO participants. Thank you.