All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.
Moonbirds DAO, Lunar Society, To Become Moonbirds’ New Home
hKevin Rose led Moonbird’s NFT project to renew Moonbird’s DAO into the “Lunar Society” and aims to become an “undisputed leader in the NFT PFP space.” The DAO allows exclusive Moonbirds community votes to extend the brand beyond web3, expand the ecosystem, and build experiences or products that directly benefit the holders.
What is The Lunar Society Moonbird’s DAO?
The Lunar Society aims to assist with initiatives that are in line with its goals, which are as follows:
- To expand the Moonbirds and Mythics brands both within and outside the NFT realm
- To offer a diverse range of experiences, ventures and high quality merchandise to those who own Moonbirds and Mythics.
According to the official Moonbirds documentation, “Lunar Society will play a critical role in helping (projects) come to life by encouraging, highlighting and supporting our community members to build the brand and explore creative possibilities.“
There are four different ways the Lunar Society will be funded. These include an initial cash injection of $2 million from the PROOF tax, 7 Moonbirds, $500,000 worth of Moonbirds sales on the open market, and also 35% on secondary royalties.
Voting in the Lunar Society
Moonbirds and Mythic holders have exclusive rights to participate in the Lunar Society voting process. For each NFT, Moonbird holders have three votes and Mythic holders have one vote. To clarify, the Moonbirds (and their holders) still have a majority of the voting power, even if all 20,000 myths are hatched.
To learn about new projects, owners can join dedicated Discord channels and attend twice-weekly town halls where builders can share their first ideas to get feedback and support from the community. A new group of proposals is out for assessment and voting every two weeks.
Voting will take place for one week on proof.xyz, and the results will be shared on the community’s website and Discord channel. To vote, holders must create a collector profile on proof.xyz. This allows them to easily vote without needing a Ledger. The number of votes will be based on the holder’s wallet holdings across all backend wallets.
Voice requests
The Lunar Society accepts three types of voting requests from its members: Key for Approval, Grant Funding, and Trademark Use.
- The authorization key provides access to the Society’s Builder group, use of the Lunar Society seal of approval, and signage support.
- Grant funds are available for projects in line with the association’s mission, etc.
- Trademark usage requests are available for the logos/names “Moonbirds”, “Mythics” or “Oddities”. Endorsement requests can be made without asking for funding or trademark use. Furthermore, all funded projects automatically receive the key for approval.
In addition, projects entitled to vote must contain three criteria; projects such as:
- promote Moonbird’s reputation and expand the ecosystem.
- help bring the Moonbirds and Mythics web3 brands more into the public eye and into mass web2 and IRL systems.
- contribute to creating unique experiences directly for the benefit of holders and potential holders. These also include physical, digital or phygital objects, or even IRL experiences.
For more information on the Lunar Society including the role of the parent company, the PROOF collective, financial strategy and FAQs, click here.
