SIP-26: NFT Collection Management for The Sandbox DAO

[Geraldine]

TL;DR

What	Mandate a team led by Brian Beccafico (aka Arthemort) with Joséphine Louis and Kim Departe to manage The Sandbox DAO’s NFT collection (~1,100 assets, ~1,000 ETH). Their mission: strategic liquidation, reinvestment, and transformation into a curated, diversified, and revenue-generating art collection.
Why	The collection is underutilized, concentrated in risky assets (mostly Yuga Labs PFPs), and lacks strategic oversight. Without intervention, its value could depreciate significantly. Active management can generate income, reduce risk, and enhance its utility and cultural relevance.
How	The team will execute a 12-month plan: conduct valuations, liquidate assets, acquire new ones, and issue quarterly reports. They pledge to deliver 100K$/quarter to the DAO treasury. The rest of the funds from sales will be used to curate a meaningful long-term collection.
When	4-quarter project starting upon SIP approval, April 30th. Payments to the team are tied to execution and quarterly report.
Who	A trio of seasoned professionals in the Web3 art world, with curatorial, advisory, and NFT marketplace experience, including past partnerships with The Sandbox and major institutions like Sotheby’s.

SIP Details

Strategic Presentation

Problem Description

The Sandbox DAO currently holds over 1100 NFTs in its treasury, with an estimated liquid market value exceeding 1,000 ETH (~$2M as of April 2nd 2025). More of these assets were transferred to the DAO wallet in February 2025 and represent a curated subset of a broader 16,000-NFT collection (still 20-70 low value NFTs pending to be transferred)

However, this collection is currently underutilized and faces three key issues:

1. Asset Inactivity: NFTs are sitting idle with no active strategy for curation, liquidation, or value extraction. Without action, the assets may continue to depreciate, especially in a volatile NFT market when they could instead be actively managed to generate much-needed revenue for the treasury.
2. Value Concentration Risk: approximately 80% of the collection’s total value is concentrated in just 200 NFTs, largely from Yuga Labs projects. This creates vulnerability, especially given Yuga Labs’ lack of direct affiliation with The Sandbox ecosystem.
3. Lack of Diversification: 99% of the collection consists of PFP (profile picture) collectibles, limiting its cultural, functional, and financial utility. There is little representation of voxel art, gaming items, spatial designs, or artists native to The Sandbox ecosystem.

Without a structured management approach, the DAO risks missing both financial returns and cultural impact.

Solution Proposed

We’d like to offer a 12-month service to steward the market making strategy of The Sandbox DAO’s NFT collection.

To fully unlock both the current and future value of the DAO’s NFT collection, the collection must be transitioned from a passive holding to an actively managed portfolio. Our team will lead this process by implementing a structured, transparent strategy focused on three core pillars: value preservation, revenue generation, and cultural relevance.

What we will do

• Actively manage the collection with a dedicated team able to respond to market shifts and opportunities in real time.
• Replace passive holding with a proactive strategy focused on:
  • NFT liquidation
  • Targeted acquisitions
  • Strategic reallocation to ensure a steady revenue stream and a more sustainable long-term approach.
• Address value concentration, with over 99% of the collection currently tied to PFP collectibles (mainly Yuga Labs) by diversifying into more meaningful and ecosystem-relevant assets.

Financial Commitment to the DAO

Our strategy ensures that the collection directly benefits the DAO.

We commit to transferring $100,000 worth of ETH to the DAO treasury each quarter.

The rest of the extracted fund from ventilated liquidation will be reinvested to:

• curate a streamlined, high-quality Art collection
• that is legible, culturally meaningful
• manageable through community vote.

Art Direction criteria

• Unique artworks (1/1), unique works from a series (1/1/X) and editions.
• Artworks by living and deceased Web 3 native artists and recognized digital artists.
• Artworks valued at over 1 ETH
• Artworks that resonate with The Sandbox’s corporate spirit and culture, including a dominant retro gaming theme, Internet culture (code, development) and gaming (avatar, wearable, spatial design) with voxel aesthetics, pixel art, glitch art, conceptual architectural explorations.

Scope of Work & Strategic Framework

Our plan revolves around data-driven decision-making, market intelligence, and proactive execution to unlock the full potential of the DAO’s collection. Below is the structured approach we will take:

1. Comprehensive Market Research & Valuation

• Conduct a multi-horizon valuation of the collection, assessing short, mid, and long-term asset performance.
• Develop and maintain a catalog dashboard to provide real-time visibility into the collection’s value and movements.
• Regularly estimate and update the list of assets optimal for liquidation, ensuring that underperforming or redundant assets are identified early.

2. Liquidation Strategy & Execution

• Implement a structured sale ventilation strategy, ensuring listings and bids are well-timed to maximize value while avoiding market saturation.
• Facilitate private deals and consignment agreements, leveraging our extensive network to secure advantageous off-market transactions.
• Utilize loan mechanisms and explore alternative financial strategies to generate liquidity without unnecessary asset sales.
• Actively manage live listings on marketplaces, adapting to short-term market opportunities for maximum returns.

3. Acquisition & Portfolio Rebalancing

• Identify and secure private deals for high-value assets to diversify the collection.
• Implement a targeted acquisition strategy, making collection-wide offers and participating in live bidding to secure blue-chip NFTs.
• Commission exclusive works from artists to enhance the collection with unique and strategic additions.

4. Transparent Reporting & Community Engagement

• Hold regular AMA sessions to ensure open communication with the community.
• Maintain an active presence in DAO discussions on Discord and forums, keeping members informed and involved.
• Provide detailed quarterly reports, including a reporting deck with insights on sales, acquisitions, and strategy adjustments.
• Share next-quarter strategic priorities, outlining upcoming actions and goals.

5. DAO Integration & Long-Term Framework

• Establish a structured listing and bidding framework in collaboration with The Sandbox DAO team to ensure a smooth and efficient execution process.
• Define short, mid, and long-term sell targets based on data-driven market assessments.
• Leverage all available financial tools, including loaning, swaps, and structured deal-making, to maximize asset utility.
• Continuously rethink the collection’s positioning and orientation, ensuring it aligns with the evolving Web3 landscape.

By implementing this comprehensive approach, we will unlock liquidity, enhance diversification, and ensure the DAO’s collection is actively working to generate value rather than sitting idle. This framework not only secures immediate financial benefits but also paves the way for long-term sustainability, ensuring that The Sandbox DAO remains a key player in the evolving NFT and digital art ecosystem

Benefits to The Sandbox Ecosystem

A collection management approach must be multi horizons and benefit the DAO in the short, mid and long term.

• Short term: $100,000 worth of ETH to be transferred to the DAO treasury every quarter to fund community initiatives.
• Mid term: Clear perspective on the state and valuation of the collection through our reporting in addition to ripping the benefit of having the capacity of making the most of Market trend or “Meta” (AI, L2,…)
• Long-Term Vision: After one year, the collection will be condensed to a fraction (approximately 150-300 NFTs) of its current size. This reduction will significantly simplify future management, enabling the DAO to autonomously and efficiently arbitrate decisions, including voting on potential liquidations.

Cultural benefits

• Define a coherent, long-term artistic direction
• Diversify the collection by acquiring more varied and culturally relevant artworks.
• Support independent artists and the Sandbox ecosystem.
• Use the collection as leverage to promote Sandbox and attract designers.
• Create a collection with a provenance to increase its value and prestige.

Risk analysis

Our risk analysis highlights three key aspects to consider when granting our team the mandate to manage The Sandbox DAO’s NFT collection:

Budget requested

Overall cost: 150 020 €

	Total (€)	Lead
1. Scope of work, strategy, market research, valuation and processes, including:	79,500€
Multi horizon estimation of the collection	23,800	Brian
Catalog dashboard	12,000	Jo + Kim
Estimation of the assets to sell	14,700	Team
Ventilation strategy of listing and bids	29,000	Team
2. Liquidation (operational) including:	27,700€
Private deals, consignment or other	4,200	Jo
Loan	6,000	Brian
Listing Live	17,500	Jo + Kim
3. Acquisition (operational) including	31,900€
Private deals	9600	Brian
Collection offer and bids Live	17500	Brian
Commissioned work	4800	Team
4. Reporting, including:	10,920€
AMA session	720	Brian
Discord/forum monitoring	6000	Brian
Reporting Deck	3000	Jo + Kim
Next quarter priority strategy insight	1200	Team
Total Budget requested:	150 020€
Average Hours dedicated	41 hours weekly

Implementation Plan

Milestones	How do we measure success?	Expected completion date	Unlock Payment
#1 Quarterly report 1	Scope of work is established, Final strategy is drafted, operational processes are in place. First sales and acquisition done. 100k$ is transferred to the DAO treasury.	August 1st	50 000 €
#2 Quarterly report 2	100k$ is transferred to the DAO treasury. Positive financial analysis overall.	November 1st	40 000 €
#3 Quarterly report 3	100k$ is transferred to the DAO treasury. Positive financial analysis overall.	Feb 1st	30 000 €
#4 Quarterly report 4	100k$ is transferred to the DAO treasury. Positive financial analysis overall.	May 1st	30 000 €

Team/Author Background

	Brian Beccafico (Arthemort)	Joséphine Louis	Kim Departe
Background	Art advisory & collection management in traditional/digital art. Early crypto-art pioneer since 2016, extensive curatorial experience (800+ artists worldwide). Youngest NFT department director at Sotheby’s Europe.	Paris-based art advisor and curator bridging traditional and digital art since 2021. Co-founded Funghi Gallery, deeply involved in promoting NFTs, digital creators, and women artists. Co-founder of Fu2ion agency, curator at Artcrush Gallery.	Digital art specialist experienced in NFTs, marketplace strategy, and digital initiatives. Co-founded Fu2ion agency, spearheaded NFT strategy at Galerie Charlot, co-founded Marais DigitARt AR art trail, partnered with The Sandbox for AR/NFT events.
Expertise	NFT & traditional art valuation, acquisition strategies, curatorial vision, market making, financial structuring & liquidity management.	NFT curation, digital art exhibition management, thematic and strategic collection development, market education and advocacy, secondary market sales & private deals management.	NFT market strategies, AR/digital art initiatives, internal/external communications, reporting and transaction monitoring, ecosystem & community alignment.
Responsibilities	Leads overall market-making strategy, NFT valuation & liquidity management. Oversees portfolio diversification, financial structuring, quarterly liquidity returns, strategic asset management & financial reporting.	Organizes and communicates sales procedures, manages secondary market transactions, catalog dashboard creation, DAO communication, private deals & consignment arrangements, and refocusing the art collection thematically aligned with The Sandbox identity.	Internal communication with The DAO team, coordinates listings and sales activities, manages reporting deck with clear quarterly reports on transactions and strategic insights, supports community attraction and ecosystem alignment.
Contact	Arthemort | Twitter, Instagram | Linktree	Joséphine Louis - Fu2ion | LinkedIn	https://www.linkedin.com/in/kim-d-40510b210

Voting Options

• Yes, I support the collection management
• No, I don’t support the collection management
• Abstain

Appendix

Resubmission Comparison

This SIP is a more structured and ambitious evolution of SIP-9.. The major differences are :

• A larger, more specialized team.
• A clearer financial objective: to generate recurring revenues for DAO.
• More active and rigorous management of the collection, with partial liquidation to avoid depreciation.

While the initial intention of SIP-9 was primarily curatorial + oriented towards repatriation of assets and selection of those to be repatriated, SIP-26 adds a strong financial and asset management dimension to ensure the collection’s longevity.

	SIP-9	SIP-26
Team & missions	Mandate given to Brian Beccafico (aka Arthemort) and Hyewon Jang (aka Grida) to manage the DAO’s NFT collection until December 31, 2024 (over 3 months), with the aim of valorizing and acquiring artistic works.	Mandate extended to Brian Beccafico, Joséphine Louis and Kim Departe to manage the collection over 12 months, with a sharper focus on asset liquidation and reinvestment with a view to more autonomous long-term management.
Description of the NFT collection	The collection had not been transferred. The question was which items should be transferred to the DAO.	Since February 2025, the entire collection, valued at over 1,000 ETH (≈2 millions €) and comprising more than 1,200 assets, has been transferred to the DAO wallet. The question is which assets to liquidate and which to buy.
Strategies and objectives	The SIP focused on the evaluation of the existing collection, and the implementation of a strategy to enhance the value of acquisitions through a quarterly offline exhibition and catalog. The main objective was to transform the collection into a cultural and artistic lever.	From a more financial perspective, SIP is focusing on liquidating and diversifying the collection to generate income for the DAO treasury ($100,000 each quarter). The strategy includes sale, loan and acquisition. The main objective is to secure and maximize a steady stream of income, while gradually reducing the size of the collection so that the DAO can eventually manage it autonomously.
Budget	SIP requested a total budget of €30,000 for the team. The acquisition and exhibition budget would be self-financed by the sale or loan of existing NFTs.	SIP is requesting an overall cost of €150,000. An estimated breakdown of hours for different tasks is provided. Payment of this budget is linked to the sale of assets.
Digital Art Manifesto	SIP portrays the importance of digital art, its evolution and its integration into mainstream culture.	SIP sets up an artistic direction for the collection, favoring unique works by native Web3 artists and works that resonate with the spirit and culture of Sandbox (retro gaming, internet culture, voxel art, etc.), including objective criteria linked to the artist’s/creator’s rarity and standing.

[Geraldine]

@Arthemort @JosephineLouis @KimDeparte : SIP in online for a 2 weeks discussion period.

[Arthemort]

Hi Everyone,

Happy to answer any questions from TSB DAO community and have broader chat with community delegate.

For Broader context on this SIP please refer to the SIP “idea” discusion tab:

The Sandbox DAO NFT Collection Management

Gm everyone, Currently working on a new sip porposition for the management of SAND BOX DAO NFT collection. Since its been more than 3 month that SIP-9 didn’t reach Quorum I’m coming back with a new team for updated proposition. For reminder soon the DAO will take custody of more than 16000 asset which combined value is still left to be excatly determined but should be more than 3/4 millions $ worth. I invite everyone to check out the previous SIP for context. Feel free to communicate with me…

[theKuntaMC]

I spoke with @Arthemort (Brian) and his team on Spaces a few weeks ago about this SIP.

You can listen to the recording here: https://x.com/TheSandboxDAO/status/1899143787223675198

Note: Brian doesn’t join the call until 20 minutes in.

Any thoughts on this SIP, @Delegates?

[cryptodiplo]

I like this idea on the surface, but worried about a few things:

• You are promising a lot of money, where is this going to come from specifically?
• How can we mitigate fraud here, I don’t know the proposers and want us protected from stolen funds or just general mismanagement?
• You mention value concentration in Bored Ape, but the reason for this is not that Sandbox didn’t broadly invest it’s because those are the only ones that have maintained any value in the downturn. This is also one of the only well-funded projects. I am worried about divesting these assets in favor of “Art”.
• Generally the worry is that we have so much LAND and Bored Apes that this has a significant impact on our future success. If you divest all our land we can’t give it to creators. Why should we trust you to manage this properly?

[Arthemort]

Thanks Kunta !

Happy to do this again sometime when the convo in the forum is getting traction.

My apologies again with the hiccup last time, had an auctioneer coming by and I understimate the time it would take to look through my client item.

I’ll be on the starting block next time, cheers.

[Arthemort]

Hey Diplo,

Glad you like the idea! I’m not sure if we had the chance to discuss the V1 when it was up for voting last year, but it’s great to connect here.

You are promising a lot of money—where is this going to come from specifically?

The $400K pledged to the DAO treasury will come from selling NFTs currently held in wallet 0x0f80afc7d2590f874c45b5142ec4463f5c413469.

Beyond that, we’re proposing an active reinvestment strategy to grow the treasury over time. Instead of just selling assets and holding ETH, we’ll use part of the liquidity to capture market opportunities, ensuring the DAO isn’t simply cashing out but also reinvesting strategically.

For context, the $400K represents roughly one-fifth of the collection’s estimated value (When the SIP was originally drafted, this percentage was lower due to the ETH price dip at the time) and therefore appears to me attainable.

You mention value concentration in Bored Apes, but isn’t that because they are among the few assets that have maintained value? I am worried about divesting these in favor of “Art.”

That’s a valid concern. What you’re describing is a case of survivor bias, I’m not alien to the notion. I agree that BAYC is a strong asset to hold, which is why we aren’t looking to sell them outright. Instead, we plan to leverage them as collateral for loans, allowing the DAO to fund short-term opportunities without giving up valuable assets.

For example, by using X BAYC as collateral, we can secure Y ET*, which can then be used to take advantage of temporary market inefficiencies or high-liquidity plays. This lets us generate returns without reducing our exposure to high-value NFTs.

The broader issue is portfolio concentration on Yuga Labs assets. Right now, 62% of the DAO’s top 100 NFTs are from Yuga Labs (BAYC, MAYC, M1 Serum, etc.), and the top 200 also include Kennels, Koda, and Otherdeeds. This means a small set of assets represents the majority of the collection’s value. Given this, it’s reasonable to use some of these assets strategically, whether for liquidity generation or risk balancing.

That said, most of our active portfolio management efforts will focus on the lower-value, less-liquid assets—since they pose higher long-term risks.

As for art, I’ve made the case in SIP-9 that blue-chip art has historically been more resilient than collectibles. My expertise is in this sector, and I’m confident that, if done correctly, building an art-focused collection can bring long-term value and prestige to both the DAO and The Sandbox ecosystem.

I’m not looking to replace collectibles with art entirely, however aside from CryptoPunks, I don’t plan to acquire other collectibles for long-term holding. Instead, the goal is to diversify strategically, ensuring we maximize both financial upside and cultural influence.

Generally, the worry is that we have so much LAND and Bored Apes that this impacts our future success. If you divest all our LAND, we can’t give it to creators. Why should we trust you to manage this properly?

There might be some confusion here…we are not proposing to sell any TSB LAND.
The wallet mentioned in the SIP doesn’t hold any land to my knowledge…

That said, I completely understand the broader concern: trust. Managing these assets effectively means making data-driven, transparent decisions, balancing liquidity needs with long-term growth. My commitment is to ensure that every move is backed by market data, financial reasoning, and strategic alignment with the DAO’s best interests.

This why I have come back with this new proposal onboarding a larger team, included a section about reporting and defined a clear financial objective addressing both acquisition and liquidation aspects.

Hope my answer tackle some of your concern, happy to keep the thread going and even chat about it in vocals if need be. Written answer in English isnt neccesarly my strong suit ! In any case I hear you and hope I can convince you to trust us for this project.

[cryptodiplo]

So the revenues of $100k per quarter are just from selling assets?

With respect to the blue-chip art retaining its value better, I will need to see data on this. I am concerned they will be extremely illiquid regardless. If you were to propose a specific strategy, i.e. weight the portfolio by market cap of top 100 collections, or sell XYZ assets to return funds to DAO, I would feel much more comfortable. As of now passing this SIP would essentially let you do whatever you want and I just don’t know you or how successful you’ve been with doing this in the past.

[KCL]

While I am very supportive of this SIPs from the conceptual point of view and I also understand the volatility of NFTs markets, it will be very good to put some serious number behind the claims. What is currenty the estimate of collection that will be sold, lend, static… What is the return of investment or business case on a 1, 2 X years horizon, based on Low, Standard or High market prediction?
For those that are not familiar on the concept of NFT lend, it might be good to explain in simple terms.
Last but not least besides the “ART” collection do you see as well a potential of this SIPs to expand to in game assets or lands (NFTs) that could be benefit from this SIPs ( if the qnswer is not I am fine with that but i would like to understand the reasons.)

[hishmad]

@Arthemort
Thank you for putting together this necessary SIP. I have just two questions regarding the budget.

1. The budget request of €150,020 covers a year-long scope of work, including market research, liquidation, acquisitions, and reporting. However, the financial commitment to the DAO is $100,000 per quarter, which, at current ETH prices (e.g., ~$2,000/ETH as implied by the SIP’s valuation of 1,000 ETH ≈ $2M), equates to roughly 50 ETH per quarter or 200 ETH total. This is significantly less than the collection’s estimated 1,000 ETH value. What specific metrics or outcomes justify the team’s compensation relative to the total value they are managing and the revenue they are reinvesting versus returning to the DAO?

2. The budget and financial commitments rely heavily on successful liquidation of NFTs in a market known for rapid fluctuations. The SIP outlines a detailed ventilation strategy, but if sales underperform (e.g., due to a market downturn or overestimation of asset values), how will the team ensure the DAO receives the promised $400,000 while also funding the reinvestment and their operational costs? Are there alternative funding mechanisms or cost adjustments built into the plan?

[hishmad]

[INDONESIAN]
SIP-26: Manajemen Koleksi NFT untuk The Sandbox DAO

Ringkasan Singkat;

Apa

Mandatkan tim yang dipimpin oleh Brian Beccafico (alias Arthemort) bersama Joséphine Louis dan Kim Departe untuk mengelola koleksi NFT The Sandbox DAO (~1.100 aset, ~1.000 ETH). Misi mereka: likuidasi strategis, reinvestasi, dan transformasi menjadi koleksi seni yang terkurasi, terdiversifikasi, dan menghasilkan pendapatan.

Mengapa

Koleksi ini kurang dimanfaatkan, terkonsentrasi pada aset berisiko (sebagian besar PFP Yuga Labs), dan kurang pengawasan strategis. Tanpa intervensi, nilainya dapat menyusut secara signifikan. Manajemen aktif dapat menghasilkan pendapatan, mengurangi risiko, dan meningkatkan utilitas serta relevansi budayanya.

Bagaimana

Tim ini akan melaksanakan rencana 12 bulan: melakukan penilaian, likuidasi aset, mengakuisisi aset baru, dan menerbitkan laporan triwulanan. Mereka berjanji untuk menyetor 100 ribu dolar AS per kuartal ke kas DAO. Sisa dana dari penjualan akan digunakan untuk mengkurasi koleksi jangka panjang yang bermakna.

Kapan

Proyek 4 kuartal dimulai setelah persetujuan SIP, tanggal 30 April. Pembayaran kepada tim terkait dengan pelaksanaan dan laporan triwulanan.

Siapa

Sebuah trio profesional berpengalaman di dunia seni Web3, dengan pengalaman kuratorial, penasihat, dan pasar NFT, termasuk kemitraan sebelumnya dengan The Sandbox dan institusi besar seperti Sotheby’s.

Rincian SIP

Deskripsi Masalah

The Sandbox DAO saat ini memiliki lebih dari 1100 NFT di kasnya, dengan perkiraan nilai pasar likuid melebihi 1.000 ETH (~$2 juta per tanggal 2 April 2025). Sebagian besar aset ini ditransfer ke dompet DAO pada bulan Februari 2025 dan merupakan subkumpulan yang dikurasi dari koleksi 16.000 NFT yang lebih luas (masih ada 20-70 NFT bernilai rendah yang menunggu untuk ditransfer).

Namun, koleksi ini saat ini kurang dimanfaatkan dan menghadapi tiga masalah utama:

• Inaktivitas Aset: NFT dibiarkan tidak aktif tanpa strategi aktif untuk kurasi, likuidasi, atau ekstraksi nilai. Tanpa tindakan, aset-aset tersebut dapat terus menyusut nilainya, terutama di pasar NFT yang volatile, padahal aset-aset tersebut dapat dikelola secara aktif untuk menghasilkan pendapatan yang sangat dibutuhkan bagi kas DAO.
• Risiko Konsentrasi Nilai: Sekitar 80% dari total nilai koleksi terkonsentrasi hanya pada 200 NFT, sebagian besar dari proyek Yuga Labs. Hal ini menciptakan kerentanan, terutama mengingat kurangnya afiliasi langsung Yuga Labs dengan ekosistem The Sandbox.
• Kurangnya Diversifikasi: 99% koleksi terdiri dari koleksi PFP (gambar profil), yang membatasi utilitas budaya, fungsional, dan keuangannya. Hanya sedikit representasi seni voxel, item game, desain spasial, atau seniman asli ekosistem The Sandbox.

Tanpa pendekatan manajemen yang terstruktur, DAO berisiko kehilangan keuntungan finansial dan dampak budaya.

Solusi yang Diusulkan

Kami ingin menawarkan layanan selama 12 bulan untuk mengelola strategi market making koleksi NFT The Sandbox DAO.

Untuk sepenuhnya membuka potensi nilai koleksi NFT DAO saat ini dan di masa depan, koleksi tersebut harus diubah dari kepemilikan pasif menjadi portofolio yang dikelola secara aktif. Tim kami akan memimpin proses ini dengan menerapkan strategi terstruktur dan transparan yang berfokus pada tiga pilar utama: pelestarian nilai, penghasilan pendapatan, dan relevansi budaya.

Apa yang akan kami lakukan

• Mengelola koleksi secara aktif dengan tim khusus yang mampu merespons perubahan dan peluang pasar secara real time.
• Mengganti kepemilikan pasif dengan strategi proaktif yang berfokus pada:
  • Likuidasi NFT
  • Akuisisi yang ditargetkan
  • Realokasi strategis untuk memastikan aliran pendapatan yang stabil dan pendekatan jangka panjang yang lebih berkelanjutan.
• Mengatasi konsentrasi nilai, di mana lebih dari 99% koleksi saat ini terikat pada koleksi PFP (terutama Yuga Labs) dengan melakukan diversifikasi ke aset yang lebih bermakna dan relevan dengan ekosistem.

Komitmen Keuangan kepada DAO

Strategi kami memastikan bahwa koleksi memberikan manfaat langsung kepada DAO.

• Kami berkomitmen untuk mentransfer ETH senilai $100.000 ke kas DAO setiap kuartal.
• Sisa dana yang diperoleh dari likuidasi akan diinvestasikan kembali untuk:
  • Mengkurasi koleksi seni yang efisien dan berkualitas tinggi
  • Yang mudah dipahami dan bermakna secara budaya
  • Dapat dikelola melalui pemungutan suara komunitas.

Kriteria Arahan Seni

• Karya seni unik (1/1), karya unik dari sebuah seri (1/1/X), dan edisi.
• Karya seni oleh seniman asli Web3 yang masih hidup dan yang sudah meninggal, serta seniman digital yang diakui.
• Karya seni yang bernilai lebih dari 1 ETH.
• Karya seni yang selaras dengan semangat dan budaya perusahaan The Sandbox, termasuk tema dominan retro gaming, budaya internet (kode, pengembangan) dan gaming (avatar, wearable, desain spasial) dengan estetika voxel, pixel art, glitch art, dan eksplorasi arsitektur konseptual.

Ruang Lingkup Pekerjaan & Kerangka Strategis

Rencana kami berpusat pada pengambilan keputusan berbasis data, intelijen pasar, dan eksekusi proaktif untuk membuka potensi penuh koleksi DAO. Berikut adalah pendekatan terstruktur yang akan kami ambil:

1. Riset & Penilaian Pasar Komprehensif

• Melakukan penilaian multi-horizon terhadap koleksi, menilai kinerja aset jangka pendek, menengah, dan panjang.
• Mengembangkan dan memelihara dashboard katalog untuk memberikan visibilitas real-time terhadap nilai dan pergerakan koleksi.
• Secara teratur memperkirakan dan memperbarui daftar aset yang optimal untuk dilikuidasi, memastikan bahwa aset yang berkinerja buruk atau berlebihan diidentifikasi sejak awal.

2. Strategi & Eksekusi Likuidasi

• Menerapkan strategi likuidasi penjualan terstruktur, memastikan daftar dan penawaran waktu yang tepat untuk memaksimalkan nilai sambil menghindari kejenuhan pasar.
• Memfasilitasi kesepakatan pribadi dan perjanjian konsinyasi, memanfaatkan jaringan luas kami untuk mengamankan transaksi di luar pasar yang menguntungkan.
• Memanfaatkan mekanisme pinjaman dan mengeksplorasi strategi keuangan alternatif untuk menghasilkan likuiditas tanpa penjualan aset yang tidak perlu.
• Mengelola daftar aktif di marketplace, beradaptasi dengan peluang pasar jangka pendek untuk pengembalian maksimum.

3. Akuisisi & Penyeimbangan Kembali Portofolio

• Mengidentifikasi dan mengamankan kesepakatan pribadi untuk aset bernilai tinggi guna mendiversifikasi koleksi.
• Menerapkan strategi akuisisi yang ditargetkan, membuat penawaran untuk seluruh koleksi dan berpartisipasi dalam penawaran langsung untuk mengamankan NFT blue-chip.
• Memesan karya eksklusif dari seniman untuk memperkaya koleksi dengan tambahan yang unik dan strategis.

4. Pelaporan Transparan & Keterlibatan Komunitas

• Mengadakan sesi AMA reguler untuk memastikan komunikasi terbuka dengan komunitas.
• Mempertahankan kehadiran aktif dalam diskusi DAO di Discord dan forum, menjaga anggota tetap terinformasi dan terlibat.
• Menyediakan laporan triwulanan terperinci, termasuk reporting deck dengan wawasan tentang penjualan, akuisisi, dan penyesuaian strategi.
• Membagikan prioritas strategis kuartal berikutnya, menguraikan tindakan dan tujuan yang akan datang.

5. Integrasi DAO & Kerangka Jangka Panjang

• Membangun kerangka daftar dan penawaran terstruktur bekerja sama dengan tim The Sandbox DAO untuk memastikan proses eksekusi yang lancar dan efisien.
• Menentukan target penjualan jangka pendek, menengah, dan panjang berdasarkan penilaian pasar berbasis data.
• Memanfaatkan semua alat keuangan yang tersedia, termasuk pinjaman, swap, dan pembuatan kesepakatan terstruktur, untuk memaksimalkan utilitas aset.
• Terus memikirkan kembali posisi dan orientasi koleksi, memastikan keselarasan dengan lanskap Web3 yang terus berkembang.

Dengan menerapkan pendekatan komprehensif ini, kami akan membuka likuiditas, meningkatkan diversifikasi, dan memastikan koleksi DAO secara aktif bekerja untuk menghasilkan nilai daripada hanya diam. Kerangka kerja ini tidak hanya mengamankan manfaat finansial langsung tetapi juga membuka jalan bagi keberlanjutan jangka panjang, memastikan bahwa The Sandbox DAO tetap menjadi pemain kunci dalam ekosistem NFT dan seni digital yang terus berkembang.

Manfaat bagi Ekosistem The Sandbox

Pendekatan pengelolaan koleksi harus multi-horizon dan memberikan manfaat bagi DAO dalam jangka pendek, menengah, dan panjang.

• Jangka pendek: ETH senilai $100.000 akan ditransfer ke kas DAO setiap kuartal untuk mendanai inisiatif komunitas.
• Jangka menengah: Perspektif yang jelas mengenai kondisi dan penilaian koleksi melalui laporan kami, di samping memanfaatkan kemampuan untuk memaksimalkan tren pasar atau “Meta” (AI, L2,…).
• Visi Jangka Panjang: Setelah satu tahun, koleksi akan dikondensasi menjadi sebagian kecil (sekitar 150-300 NFT) dari ukuran saat ini. Pengurangan ini akan secara signifikan menyederhanakan pengelolaan di masa depan, memungkinkan DAO untuk secara mandiri dan efisien mengambil keputusan, termasuk pemungutan suara mengenai potensi likuidasi.

Manfaat Budaya

• Mendefinisikan arahan artistik jangka panjang yang koheren.
• Mendiversifikasi koleksi dengan mengakuisisi karya seni yang lebih beragam dan relevan secara budaya.
• Mendukung seniman independen dan ekosistem Sandbox.
• Menggunakan koleksi sebagai daya ungkit untuk mempromosikan Sandbox dan menarik desainer.
• Menciptakan koleksi dengan provenance untuk meningkatkan nilai dan prestisenya.

Analisis Risiko

Analisis risiko kami menyoroti tiga aspek utama yang perlu dipertimbangkan ketika memberikan mandat kepada tim kami untuk mengelola koleksi NFT The Sandbox DAO:

Anggaran yang Diminta

Total biaya: €150.020

1. Ruang lingkup pekerjaan, strategi, riset pasar, penilaian, dan proses, termasuk: €79.500

• Estimasi multi horizon koleksi: €23.800 (Brian)
• Dashboard katalog: €12.000 (Jo + Kim)
• Estimasi aset untuk dijual: €14.700 (Tim)
• Strategi likuidasi daftar dan penawaran: €29.000 (Tim)

2. Likuidasi (operasional) termasuk: €27.700

• Kesepakatan pribadi, konsinyasi, atau lainnya: €4.200 (Jo)
• Pinjaman: €6.000 (Brian)
• Daftar Langsung: €17.500 (Jo + Kim)

3. Akuisisi (operasional) termasuk: €31.900

• Kesepakatan pribadi: €9.600 (Brian)
• Penawaran koleksi dan penawaran Langsung: €17.500 (Brian)
• Pekerjaan yang dipesan: €4.800 (Tim)

4. Pelaporan, termasuk: €10.920

• Sesi AMA: €720 (Brian)
• Pemantauan Discord/forum: €6.000 (Brian)
• Reporting Deck: €3.000 (Jo + Kim)
• Wawasan strategi prioritas kuartal berikutnya: €1.200 (Tim)

Total Anggaran yang Diminta: €150.020

Rata-rata Jam yang Didedikasikan: 41 jam per minggu

Rencana Implementasi

Tonggak: Laporan Triwulanan #1 Bagaimana kita mengukur kesuksesan? Ruang lingkup pekerjaan ditetapkan, Strategi final dirancang, proses operasional diterapkan. Penjualan dan akuisisi pertama selesai. $100 ribu ditransfer ke kas DAO. Perkiraan tanggal penyelesaian: 1 Agustus Pembayaran Terbuka: €50.000

Tonggak: Laporan Triwulanan #2 Bagaimana kita mengukur kesuksesan? $100 ribu ditransfer ke kas DAO. Analisis keuangan keseluruhan positif. Perkiraan tanggal penyelesaian: 1 November Pembayaran Terbuka: €40.000

Tonggak: Laporan Triwulanan #3 Bagaimana kita mengukur kesuksesan? $100 ribu ditransfer ke kas DAO. Analisis keuangan keseluruhan positif. Perkiraan tanggal penyelesaian: 1 Februari Pembayaran Terbuka: €30.000

Tonggak: Laporan Triwulanan #4 Bagaimana kita mengukur kesuksesan? $100 ribu ditransfer ke kas DAO. Analisis keuangan keseluruhan positif. Perkiraan tanggal penyelesaian: 1 Mei Pembayaran Terbuka: €30.000

Latar Belakang Tim/Penulis

Brian Beccafico (Arthemort) Latar Belakang: Konsultasi seni & manajemen koleksi seni tradisional/digital. Pionir seni kripto sejak 2016, pengalaman kuratorial yang luas (800+ seniman di seluruh dunia). Direktur departemen NFT termuda di Sotheby’s Eropa. Keahlian: Penilaian seni NFT & tradisional, strategi akuisisi, visi kuratorial, market making, penataan keuangan & manajemen likuiditas. Tanggung Jawab: Memimpin strategi market-making keseluruhan, penilaian NFT & manajemen likuiditas. Mengawasi diversifikasi portofolio, penataan keuangan, pengembalian likuiditas triwulanan, manajemen aset strategis & pelaporan keuangan.

Joséphine Louis Latar Belakang: Konsultan seni dan kurator yang berbasis di Paris, menjembatani seni tradisional dan digital sejak 2021. Salah satu pendiri Funghi Gallery, sangat terlibat dalam mempromosikan NFT, kreator digital, dan seniman wanita. Salah satu pendiri agensi Fu2ion, kurator di Artcrush Gallery. Keahlian: Kurasi NFT, manajemen pameran seni digital, pengembangan koleksi tematik dan strategis, edukasi dan advokasi pasar, manajemen penjualan pasar sekunder & kesepakatan pribadi. Tanggung Jawab: Mengorganisir dan mengkomunikasikan prosedur penjualan, mengelola transaksi pasar sekunder, pembuatan dashboard katalog, komunikasi DAO, pengaturan kesepakatan pribadi & konsinyasi, dan memfokuskan kembali koleksi seni secara tematik selaras dengan identitas The Sandbox.

Kim Departe Latar Belakang: Spesialis seni digital berpengalaman dalam NFT, strategi marketplace, dan inisiatif digital. Salah satu pendiri agensi Fu2ion, mempelopori strategi NFT di Galerie Charlot, salah satu pendiri Marais DigitARt AR art trail, bermitra dengan The Sandbox untuk acara AR/NFT. Keahlian: Strategi pasar NFT, inisiatif seni AR/digital, komunikasi internal/eksternal, pelaporan dan pemantauan transaksi, keselarasan ekosistem & komunitas. Tanggung Jawab: Komunikasi internal dengan tim The DAO, mengkoordinasikan daftar dan aktivitas penjualan, mengelola reporting deck dengan laporan triwulanan yang jelas tentang transaksi dan wawasan strategis, mendukung daya tarik komunitas dan keselarasan ekosistem.

Opsi Voting

Ya, saya mendukung pengelolaan koleksi Tidak, saya tidak mendukung pengelolaan koleksi Abstain

Lampiran

Perbandingan Pengajuan Ulang

SIP ini adalah evolusi dari SIP-9 yang lebih terstruktur dan ambisius. Perbedaan utamanya adalah:

• Tim yang lebih besar dan lebih terspesialisasi.
• Tujuan keuangan yang lebih jelas: untuk menghasilkan pendapatan berulang bagi DAO.
• Pengelolaan koleksi yang lebih aktif dan ketat, dengan likuidasi sebagian untuk menghindari depresiasi.

Sementara tujuan awal SIP-9 terutama kuratorial + berorientasi pada repatriasi aset dan pemilihan aset yang akan direpatriasi, SIP-26 menambahkan dimensi manajemen keuangan dan aset yang kuat untuk memastikan kelangsungan hidup koleksi.

SIP-9 Tim & Misi: Mandat diberikan kepada Brian Beccafico (alias Arthemort) dan Hyewon Jang (alias Grida) untuk mengelola koleksi NFT DAO hingga 31 Desember 2024 (lebih dari 3 bulan), dengan tujuan untuk memvalorisasi dan mengakuisisi karya seni. Deskripsi koleksi NFT: Koleksi belum ditransfer. Pertanyaannya adalah item mana yang harus ditransfer ke DAO. Strategi dan tujuan: SIP berfokus pada evaluasi koleksi yang ada, dan implementasi strategi untuk meningkatkan nilai akuisisi melalui pameran offline triwulanan dan katalog. Tujuan utamanya adalah mengubah koleksi menjadi pengungkit budaya dan artistik. Anggaran: SIP meminta total anggaran €30.000 untuk tim. Anggaran akuisisi dan pameran akan didanai sendiri melalui penjualan atau peminjaman NFT yang ada. Manifesto Seni Digital: SIP menggambarkan pentingnya seni digital, evolusinya, dan integrasinya ke dalam budaya arus utama.

SIP-26 Tim & Misi: Mandat diperpanjang kepada Brian Beccafico, Joséphine Louis, dan Kim Departe untuk mengelola koleksi selama 12 bulan, dengan fokus yang lebih tajam pada likuidasi aset dan reinvestasi dengan maksud pengelolaan jangka panjang yang lebih otonom. Deskripsi koleksi NFT: Sejak Februari 2025, seluruh koleksi, yang bernilai lebih dari 1.000 ETH (≈2 juta €) dan terdiri dari lebih dari 1.200 aset, telah ditransfer ke dompet DAO. Pertanyaannya adalah aset mana yang akan dilikuidasi dan mana yang akan dibeli. Strategi dan tujuan: Dari perspektif yang lebih finansial, SIP ini berfokus pada likuidasi dan diversifikasi koleksi untuk menghasilkan pendapatan bagi kas DAO ($100.000 setiap kuartal). Strateginya mencakup penjualan, pinjaman, dan akuisisi. Tujuan utamanya adalah mengamankan dan memaksimalkan aliran pendapatan yang stabil, sambil secara bertahap mengurangi ukuran koleksi sehingga DAO pada akhirnya dapat mengelolanya secara mandiri. Anggaran: SIP ini meminta total biaya €150.000. Rincian perkiraan jam untuk berbagai tugas disediakan. Pembayaran anggaran ini terkait dengan penjualan aset. Manifesto Seni Digital: SIP menetapkan arahan artistik untuk koleksi, yang mengutamakan karya unik oleh seniman asli Web3 dan karya yang selaras dengan semangat dan budaya Sandbox (retro gaming, budaya internet, seni voxel, dll.), termasuk kriteria objektif yang terkait dengan kelangkaan dan reputasi artis/kreator.

[Arthemort]

I understand your reserve, I invite you to look up Artprice, Deloitte, UBS, and ArtTactic reports on the subject some explore market dynamic especially the sections focusing on the millennial demographic art vs luxury item consumption habit for a broader understanding. Additionally If you look up sotheby’s and christies performance report you’ll see that their revenue on their luxury/collectible oriented department are the main pain point in their terrible performance of 2024..

Unfortunately producing such infographic on this particular claim is not feasible at this moment when I’m factoring the other missions that I’m currently involved with, in any cases the Scope of work of the mission in itself include the formalisation of the strategic analysis and implementation plan.

All I’m offering at this stage is the guidance of someone deeply embedded in both the traditional and digital art markets, born and raised in the world of art collecting, later managing collections in the traditional space before transitioning fully into Web3 while having a decade of involvement in the implementation of blockchain system in the art world. As the former Head of NFTs at Sotheby’s Paris, a curator of numerous exhibitions at major art fairs and Web3 events, and an early collector in the NFT space, I’ve spent the past five years navigating this evolving market firsthand. My reputation and career is a testimony of my success in this field. My objective is not only to steward the DAO’s portfolio but to grow its influence in the digital art space.

More importantly, I do not propose to act without structure. My approach is to apply the same disciplined portfolio management principles used in high-value traditional art collections: strategic weighting across blue-chip assets, mid-tier projects, and liquid reserves to balance exposure and maintain financial agility for the DAO.

I understand that trust must be earned and that there must be accountability system implemented that’s why we have included, regular performance reporting, and an oversight framework to ensure full transparency.. If it would bring further confidence, I’d be willing to debate all those aspect in a recorded interview, so we can go through all the concern you might have to express on behalf of the people whom delegate their VP to you. How does that sound ?

Otherwise I think this interview with @Lanzer touch upon all those point :

🎙️SIP-9 for DAO NFT Curator Nomination with Arthemort | SANDDAO Podcast 9

I totally get that idea of delegating/giving mandate to a group of individuals is challenging to have coexist in a decentralized autonomous organisation framework, however I have been the only one willing to propose any project in order to address those issue, beyond the vesting of the strategy i think the broader question this SIP ask is “ do we want to have this NFT collection actively manage or should we just let it be ?”

[Arthemort]

First, let me thank you for pushing this conversation forward. I recall seeing you in the audience during the Space held with Kunta, and I appreciated your presence.

→ Regarding your first question on remuneration:

1. Compensation Structure

The team’s compensation is not directly tied to the revenue returned to the DAO. The requested budget is based on an estimated hourly rate (ranging from $60 to $80 per hour) and the projected time required to complete each mission. This rate variation accounts for work across multiple time zones, weekend commitments, the specialized skill sets involved, potential delivrable and the legal and tax challenges of invoicing crypto-related services in France.

2. Fairness of the Budget

Considering the broad scope of work and the total value of assets managed, the requested budget is reasonable, significantly less than what I would charge for a similar role in the traditional art world.

3. Why the Budget and DAO Funding Does Not Equal Full Liquidation Value

Our role is not purely liquidation; we are also providing acquisition advisory services. A portion of the liquidity generated from asset sales will be reinvested into new strategic acquisitions, rather than liquidating 100% of the collection.

4. The $100,000 Commitment

This figure was chosen as a symbolic yet attainable goal. It could have been different, but it serves to demonstrate our commitment to delivering short-term value to the DAO while ensuring a balanced approach between cashing out and reinvestment.

→ About your second question regarding addressing market fluctuations and risk mitigation:

You are absolutely right, market fluctuations are a reality, and this is precisely why the DAO needs a dedicated team that can actively navigate these opportunities and challenges on a daily basis.

Operational Costs
The operational budget is fixed and will not change, even if the actual workload exceeds initial projections.

Liquidity & Funding Mechanisms
As outlined in our proposal, we will leverage loans, swaps, and private deals as tools to mitigate liquidity issues.

Balancing Acquisitions vs. DAO Funding
While we will continuously assess the optimal balance between reinvestment and returning funds to the DAO, fulfilling our commitment to provide $100,000 in treasury funding will take priority over new acquisitions.

I appreciate your thoughtful questions and look forward to further refining this proposal with the community’s input. Let me know if you’d like me to clarify anything further.

[Arthemort]

Thank you for your thoughtful questions and for your support of the SIP from a conceptual standpoint.

On Providing “Serious Numbers”

I completely understand the desire for detailed financial projections, including estimates of sales, lending, and asset performance under different market conditions. However, producing a full-fledged collection analysis, complete with multi-year ROI scenarios, requires deep analysis, access to market data, and financial modeling, which are part of the deliverables we will provide once the SIP is accepted.

In my position this creates a bit of a chicken-and-egg situation, wich was already a raised issue in my previous SIP, without financial commitment from The Sandbox DAO, it’s not viable for me to dedicate hundreds of hours upfront producing this in depth analysis without any clear perspective of remuneration on that deliverable.

That said, our proposal already includes a preliminary analysis, and I have been behind curtain since my last SIP collaborating with The Sandbox team, reviewing and categorized 130 collection within TSB wallet, identifying which assets are worth transferring to the TSB DAO wallet. ( see firsts slide of the presentation)

How NFT Lending Works

For those unfamiliar with NFT lending, it functions similarly to traditional asset-backed loans. Platforms like Gondi.xyz allow NFT holders to use their assets as collateral to borrow liquidity without selling them outright. Lenders provide funds in exchange for interest, and if the borrower repays the loan, they retain ownership of their NFT. If they default, the lender takes ownership of the asset. This can be a powerful tool for generating short-term liquidity while maintaining exposure to long-term asset appreciation.

On Expanding the SIP Beyond Art (In-Game Assets & Land NFTs)

My expertise lies specifically in digital fine art and NFT collectibles, and I wouldn’t feel comfortable managing in-game assets or land NFTs. These assets follow different valuation principles and market dynamics, making it essential to have specialists who understand their full potential.

That being said, the $100,000 in funds transferred to the DAO could be allocated toward a separate initiative focused on in-game assets, should the community decide to pursue that avenue.

[wahpaks1]

This looks like a good idea for the DAO. If this is passed, hope to see a report every quarter regarding the progress of this.

[MisiaMalinka]

i like this idea, sounds good for me

[Arthemort]

Hi,

yes reporting is acounted for in the budget request and scope of work and will be provided quaterly by @JosephineLouis and @KimDeparte coupled with AMA session for the community

[hishmad]

Your answers are very helpful, thank you. I found the structure and articulation of your SIP writing, and your responses, to be extremely clear and organized, which shows a high level of intellectual capability.

For the purpose of risk mitigation, it would be very helpful if you could describe in greater detail the worst-case scenarios that could result in major financial losses.

[cryptodiplo]

Agreed thank you for the thoughtful responses @Arthemort.

[Arthemort]

Thanks, Hish. As a non-native English speaker yourself, I know you can appreciate how challenging it can be for me to produce detailed responses like this in a timely manner.

In full transparency, I do use ChatGPT for proofreading of any potential english error, but beyond that, the words and ideas are my own.

I remember when I worked on the risk matrix for this project, one risk clearly stood out as the most critical: the human factor.

To quote Klaus Klages:
“Most computer problems lie somewhere between the keyboard and the chair.”

The worst-case scenario? Fat-fingering a transaction or mistakenly signing a fraudulent operation, which could result in a wallet drainer attack or other systemic risk. The probability of such an event is not zero, especially considering the operational complexity we face. We are coordinating with the DAO team across time zones, sometimes navigating cultural differences and language barriers, using both structured dashboards and real-time communication (including for live bidding and listings).

A simple miscommunication or a misplaced comma in a list of dozens of transaction orders could result in great consequences at a minimum a loss of tens of thousands of dollars outright.

This is exactly why a large part of our scope of work is dedicated to establishing secure, well-defined processes for communication and collaboration with the DAO team. Striking the right balance between agility and security, especially regarding custody, will be crucial. These processes, once in place, will ultimately serve the DAO well when it eventually manages the collection autonomously.

To mitigate human error, every transaction order will be double-checked and validated by both of collaborator individually before execution and cross checked with other documents with assets estimate helping higlighting anything that seems out of order.

And as we’ve seen with the Bybit incident, even multisig wallets are not foolproof against scams or social engineering. I intend to allocate time for special training on cyber security best practices with all the person involved.

PS: I just noticed that the risk analysis part of the SIP was not transcripted here, I tackled some aspects of those questions in it, maybe we can edit that with @Geraldine