721 Fair Market: LIVE! And Other DAO Important Updates!
Stay up to date with the developments in TheOpenDAO
Dear The OpenDAO Readers,
We hope you are well, keeping strong and your morale up during the bear market! Those who are committed to Web3 ethos and understand the potential and promise of it are still here, continuously finding ways to keep afloat, adjust strategies, and keep on building to move the space forward.
The OpenDAO team has done exactly just that. The team has worked non-stop on 721 Fair Market. The NFT marketplace that came to fruition because a SOSIP-16 proposal to build a marketplace that truly benefits the people was put into vote and has passed with a 99.7% vote of support from the $SOS token holders.
The result: 721Fair Market, a decentralised NFT Marketplace that charges zero fees! It’s currently live on public beta!
Remember how we started? A surprise token airdrop around Christmas day. Who knows what surprise awaits our early platform users? Help us spread the word, tweet what you list to sell on the platform with the hashtag #721FM and we will retweet some of your posts!
The Lunar PFP NFT project by The OpenDAO continues to build partnerships in addition to Cryptopunks, Australian Open, McLaren Auto and Karafuru collaborations in order to expand its utility before launch. Why would you like to be involved in this project? There are many reasons, but what sets it apart is that the profits generated from minting and future revenues will be decided by the community and will circulate back to the community. Minting date was rescheduled towards the 3rd week of July. Follow our Lunar Project NFT on Twitter for updates!
In addition, our contributors continue to explore areas for collaboration and growth. It was important to meet and get to know the other major players in the space. Therefore, TheOpenDAO in partnership with Magic Eden, have hosted an exclusive networking event at The Monarch Rooftop in New York on the 23rd of June during the NFT.nyc conference. It was attended by the movers and shakers in crypto and NFT space and Magic Eden team are among the most pioneering!
Rumours about new utility token and team restructuring? Read on to find out!
Your The OpenDAO Team
Contributors: Badger | Angyts.eth
Zero Fees NFT Marketplace, 721FM Public Beta is LIVE!
We have talked about it many times in the last couple of months. The community has asked for a decentralised NFT marketplace that benefits the users well. Therefore, The OpenDAO delivered – 721 Fair Market, the NFT marketplace that charges you zero fees in perpetuity!
We are confident to claim that 721FM will rise as a go-to marketplace when everyone realises we just delivered the solution to one of the biggest grievances of NFT collectors meanwhile –removing the exorbitant fees we all have to suffer when trading NFTs.
Some may complain that a lot of projects or creators proceed to set royalties from 5-10%, rates which are frowned upon by many. At 721FM, we provide you a feature that gives you, as a user, control of that decision which project or artist deserves how much percentage of royalty they’ll receive from you. Our marketplace gives you that control because we believe that true decentralisation greatly involves responsibility from all of us. That we will be mindful that our decisions will support what makes our space flourish. Royalties set by creators and genuine artists keep them afloat and help them develop and grow their projects or create more art. Each of us is responsible to honour this especially to artists and creators that we truly support and believe in.
Furthermore, in our marketplace, there will be other products that are in development such as Lending, NFT IOUs and Launchpad. Our vision is for the platform to be a one-stop-shop for services and tools we need when it concerns NFTs. Our public beta testing went live on 30th of June. Visit the site, list, explore and give us your feedback so that we can develop it further at its most efficient function and interface!
Read our Medium article to understand more of the features and future developments of 721 Fair Market.
Lunar Project NFT Minting Update
The Lunar NFT project started with a bang when it announced its first collaboration with Cryptopunks. Since the project announcement in the middle of April 2022, the community has grown significantly. It currently has ca.140K Twitter followers and project fans and ca. 8K active Discord members. Assessing the current market condition and what works best for the project and the community, it was decided to postpone the minting until the 3rd week of July. Exact dates will be announced via Lunar Twitter account.
Through the effort of our Chinese community leaders, Mark and Dyno, we are getting some strong supporters such as the Chinese rapper Hayrul whom we had the pleasure of hosting in our Lunar NFT Spaces discussing the project and the cultural significance of the Lunar NFT PFP. Next week, we will be hosting another invaluable supporter from China, the Chinese superstar Nengjing Yi. So please tune in for the next Lunar Twitter spaces!
The OpenDAO and Magic Eden NFT.NYC Networking Event
Enjoy some snippets of our fun and fruitful networking event at the Monarch Rooftop in New York co-hosted by Magic Eden! An event attended by a lot of respected voices in Web3!
Rumours about new 721FM Utility Token and The OpenDAO team restructuring?
We can confirm that there’s a new token and team restructuring plan as announced today in our Discord by one of our core contributors 9x9x9. To summarise, in order to secure the success of 721 Fair Market, the DAO will seek VC funding whereby, there will be a need to release a new utility token called $SOSO, name still subject to discussion and change. Details on how this benefits the SOS token holders will be announced in the coming weeks as the contributors refine the plan together with the community.
The current contributors can apply to a role based function under 721FM and will be remunerated under a new structure once VC funding is secured!
Community Updates & Feedback
During the public beta testing of 721FM, we are expecting to encounter bugs and glitches on the website. We would appreciate all your efforts to report through our 721 developer-feedback page. You may also join us in Discord and speak with the team to provide your feedback or simply tag us on our Twitter account.
In an effort to find a way to align more with the community and provide meaningful interaction, SOSIP-21 has been proposed for community to vote on the frequency of AMA in our discord. It has now changed from daily to weekly AMA schedule which the community voted for.
Do You Have a Knack for Writing?
Do you have a knack for writing and would you like to contribute and become our guest writer? Please reach out to Badger or reach out via email research@theopendao.com.
Learn More About The OpenDAO
Take a look at our Notion page and our social media websites to learn more about The OpenDAO!