Acquisition of Iconic Palindromic ENS NFT Collection

đź’ˇ SIP: Ideas
1

Budget Requested:

45,000 SAND (15,000 SAND per NFT)

Summary:

This SIP proposes acquiring three exclusive palindromic ENS domains – steponnopets.eth, wasitacaroracatisaw.eth, and neveroddoreven.eth – by The Sandbox DAO. These playful, iconic ENS domains are unique, unused, and perfect for shaping the future of The Sandbox metaverse. This acquisition aligns with The Sandbox DAO’s strategy to leverage NFTs for engagement, community-building, and media exposure while preserving these unique digital assets for future innovation.

Proposal Details

Key Objectives:

  1. Treasury HODL: Safeguard these playful ENS domains in the DAO’s Treasury Vault, enabling potential utility for subdomains (e.g., for games, events, or creators in The Sandbox metaverse).
  2. Community Engagement: Utilize the ENS domains as rewards or exclusive event prizes, fostering community excitement and participation.
  3. Branding and Innovation: Establish a foundation for The Sandbox DAO’s presence in the ENS space, showcasing creativity and innovation in the Web3 ecosystem.

Details of ENS NFTs:

ENS Name Current Owner Registration Date Expiration Date URL
steponnopets.eth 0xCaCFe6672D92cB29Fc80fF25027Be311C9eE81Df Aug 24, 2023 Aug 23, 2026 steponnopets.eth
wasitacaroracatisaw.eth 0xCaCFe6672D92cB29Fc80fF25027Be311C9eE81Df Sep 3, 2023 Sep 2, 2025 wasitacaroracatisaw.eth
neveroddoreven.eth 0x8b64a2F7C555Afb5fcB7Cd59C7BC57ca17033105 Dec 10, 2021 Dec 10, 2029 neveroddoreven.eth

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Milestones

Milestone 1: Acquisition Completion (Within 30 Days)

  • Purchase the three ENS domains for 45,000 SAND.
  • Transfer ownership of domains to The Sandbox DAO Treasury.

Milestone 2: Community Event (Within 90 Days)

  • Organize an exclusive community event to showcase the acquired ENS domains.
  • Include one or more ENS domains as special prizes for event participants.

Benefits to The Sandbox DAO:

  1. Strategic Branding:
  • The playful, palindromic ENS domains are memorable and align with The Sandbox’s creative spirit.
  • They provide an opportunity for innovative branding and identity in the Web3 space.
  1. Treasury Value:
  • The DAO gains three exclusive ENS domains that can be appreciated over time.
  • Potential to create subdomains for community projects or partnerships, generating revenue or fostering collaboration.
  1. Community Engagement:
  • Events featuring these ENS domains can enhance community involvement and excitement.
  • Exclusive giveaways can drive participation in Sandbox ecosystem activities.
  1. Scalable Impact:
  • These ENS domains can be integrated into future DAO initiatives, ensuring long-term utility and relevance.

Risk Management:

  1. Expiration Dates:
  • The DAO will renew ENS registrations as part of regular Treasury asset management to prevent expiration.
  1. Market Volatility:
  • ENS domain values can fluctuate, but their intrinsic utility and branding potential mitigate this risk.
  1. Community Alignment:
  • Preliminary discussions on Discord and in forums will gauge community interest and address concerns before implementation.

Expected Success Metrics:

  1. Media Exposure:
  • Coverage of the acquisition and community event in Web3 and gaming media.
  1. Community Participation:
  • Number of participants in events and giveaways featuring the ENS domains.
  1. Treasury Asset Growth:
  • Long-term appreciation of the value of ENS domains.

Next Steps:

  1. Community Feedback:
  • Start discussions on Discord (#dao-discussion) to gather input and refine the proposal.
  1. Proposal Submission:
  • Submit the finalized SIP via proposals.
  1. Approval and Execution:
  • Upon approval, execute acquisition and organize community event milestones.

Call to Action:

Let’s secure these iconic, playful ENS NFTs and leverage them to drive engagement, innovation, and long-term value for The Sandbox DAO!

2

@0ff1cec0ffee , do you currently have, or have you ever at any point, any connection whatsoever to any current or past owner of these domains? Can be a yes or no answer.

How did you come to select these domains?

What’s your projection for the appreciation, in terms of time and value?

3

Hi @Lanzer

  • Connection to Current or Past Owners of These Domains:
    Yes, I am the original owner of these domains. I minted these domains years ago and have occasionally moved them between my wallets to curate an appealing portfolio for potential buyers. These domains have never been sold, resold, or gifted. All wallets and transactions associated with the domains – from the original minting on ENS contracts to the latest transaction involving the address 0x8b64a2F7C555Afb5fcB7Cd59C7BC57ca17033105 – are mine.

  • Selection Process for These Domains:
    I selected these domains for their unique palindromic nature, which aligns with the vision of Web3 as an interconnected ecosystem built on cryptographic principles. Palindromes are inherently synchronous and asynchronous, mirroring the dynamic interplay of Web3 technologies. Their playful, memorable design reflects creativity and innovation in the digital space.

  • Value Appreciation Projection:
    These domains have unique artistic and linguistic value, embodying both digital art and utility. While they have yet to gain significant traction in the broader Web3 community, I estimate their potential value at around 50 ETH each, especially if a broker specializing in fine digital art steps in. Their value is bolstered by their exclusivity, memorability, and potential use cases within Web3 projects. With increased recognition and strategic promotion, these domains could appreciate substantially in both time and value.

  • Additional Note:
    I deliberately did not nickname the address 0x8b64a2F7C555Afb5fcB7Cd59C7BC57ca17033105 to maintain a clean and professional presentation.