Fingerprints has, thanks for the great judgment and effort of @samspike and the Curation Committee, built a fantastic collection of top-tier art that is second to none.
However, I think as an organization, we’d benefit from introducing some structure to our curation and acquisition efforts. There are two primary reasons:
- The process of actually acquiring new pieces is somewhat disorganized, and results in a little bit of a scramble to fund wallets and execute acquisitions, particularly for time-sensitive pieces.
- There’s no budget framework around acquisitions, making it unpredictable and somewhat difficult to plan around in the context of the broader organization.
So I would like to start a discussion around this topic. I have some thoughts of my own.
On the process - this should be relatively straightforward. I think at the beginning of each quarter, we should pre-fund the Finance Vault with a specific amount of capital dedicated for acquisitions. Then, when an acquisition is needed, the Finance Vault (which is a little more agile and more responsive than the main vault) can quickly transfer funds to any destination needed to acquire a piece that’s been decided by the Curation Committee.
This should result in a more responsive process, and better predictability - it removes the need to decide whether we should be deploying capital, whether we have enough capital available, and reduces the interactions needed from the main vault signers.
On the budget - I’d like input from other members here. Our curation activity is of paramount importance, but it’s obviously important to balance this use of capital with other uses for the organization.
I estimate that between compensation, projects, marketing, legal, tax, and other uses, the expected spend for the DAO is somewhere around $1.0mm-$2.0mm annually, excluding acquisitions.
What is a reasonable amount to allocate for curation/acquisitions that balances sustainable operation of the DAO?