Hello Everyone,
As you may have seen from this announcement, SIP-26 has been cancelled following the DAO’s transition into dormant mode.
We received our one-month notice on January 7th. Since then, we have been unable to execute any sales transactions. As mentioned in our previous report, the prolonged vacancy of the Treasurer position had already significantly limited our operational capacity, which explains why listing orders were fulfilled at a much slower pace than usual.
Naturally, we are disappointed not to be able to to finish operation in the best manners and fully complete the vision we had for the collection. There were still many initiatives left to implement. That said, we are proud to report that despite effectively losing an entire quarter, we reached the SIP’s primary objective ahead of schedule, generating $400,000 in revenue for the DAO.
Unfortunately, the contract’s prorated compensation is based on time rather than objective completion. As a result, our team will receive 75% of the funds originally allocated to this SIP.
In the coming days, we will publish what was initially planned as our Q3 report, which will now serve as a final report, detailing all actions undertaken and results achieved during our management of the DAO collection.
Following the termination of my contract, I will personally continue to tend to the collection with the support of the Arasakio team. This includes, in particular, claiming the long-awaited OpenSea token airdrop (an event that is likely to push total revenues well beyond the original objective) as well as overseeing the commission project that was approved in December.
Stay tuned for the publication of the report by EOW, It was truly an honor to have been able to steward this project. Hopefully In the future I’ll be able to take care of this collection again.
Best,
Brian Beccafico
Aka Arthemort