Is there a US 501(c)(3) entity that would make these donations tax-deductible?
Advancement of science is a legit reason for a non-profit. Just need by-laws and a few other forms that explain planned activities, who does the activity, where, %time allocated to the activity, how funded, % total funds allocated, and how the activity furthers the exempt purpose.
Would have to provide a receipt to the purchaser, but that can be coded into the smart contract.
I don’t see any violations, but if the SEC is foolish enough to invent some in order to go after a non-profit promoting the social good of longevity research, that would strengthen crypto’s chances in the court of public opinion and Congress.
By the time the non-profit status is acquired, it might even be a good time to launch an NFT project. I think a launch in the next few months will flop because the FTX debacle will take some time to unwind.
I’m not clear on who the target audience for the raise would be, or what the plan for the hype train would be.
Great fundraising initiative! I would love to contribute! Are the NFTs going to be just art? Perhaps we could combine them with some community perks – for instance, guest access to select Discord channels. Or a guild role.
Agree that this year seems too early also in terms of executing it nicely. Intersecting with this project, we have a fairly meme-worthy nft project collaboration (" ") upcoming that could help kickstart the awareness for this one as well. Given it would only auction 1 per day its kind of continuous and thus wouldnt try too hard to time the sentiment or markets.
Fundraising via NFT is the best idea for a DAO, meanwhile, the event will absorb extra eyes on VitaDAO.
Would like to understand more about the NFT project such as:
1)How many NFTs will be issued? Usually, a PFP(pay for performance, e. #BAYC#cryptopunk) NFT project will publish 3k-5k NFTs, although some will publish 10k, but they can’t sell all in a short time.
2)To fundraise, NFT must not be the freemint style, so the question is what the initiative price is. Is there a private sale stage or just only public sale stage?
3)Does the NFT have a utility feature?And what’s the benefit to the NFT holders.
Imo the most effective mechanism to fundraise over a long-time without throwing too many on the market in a day, although there is probably a balance in that we want to “capture interest to buy one” by people having the ability to make a recurring bid of say 0.1 eth until they get one
imo it should be main vita token holders, we could explore a gov proposal to airdrop small amount of vita to nft holders or to make the nft used in governance… would prob need a separate proposal → initial idea is to pick a research project via vitadao governance that the nft project will flow towards, ofc we can also discuss that the nft holders govern the research they end up funding although i’d prefer if its “all vitadao” vs splitting it unnecessarily through this
would be auctioned in eth, and imo as you said should be flowing quiet directly into research and thus be converted to usdc.
love the idea, although my intuition would be to start the ideation phase public, and simple with the current selection of amazing and fun ones we got, that are visually also a bit more diverse than nouns with same perspective etc., but to explore this definitely as well… would be happy to lead the first phase exploration and have someone led the proper nouns style one.
to do pure nouns might push our timeline a bit further out to get it started… wouldnt want to put too much time into this if we dont know if it might land with the community.
most crucial in any case will probably be the awareness and community building around this,
I like the overall drive to innovate and adopt the best fund raising mechanisms. What are your thoughts on
Instead of offering pfps to folks, the NFT in question could be a potential grant application and the NFT itself could be partially owned between VITADAO and the NFT minter. The minter co-owns with IP(if generated) with VITADAO
I have to say that I love what is being created. Not only because of the fantastic idea of funding longevity research projects through donations from a DAO with a structure inspired by Nouns. But also because of the social club that could be generated as a result of this
I can’t wait to be a Vitalian!
One idea I’d really like to see implemented is to include the noun lenses (⌐◨-◨) in the AI generated pfps (or make a collection with standardized traits as @schmackofant proposed a few days ago)