Dunes Cryptocurrency Coins Facing Calculation

Dunes Cryptocurrency Coins Facing Calculation

Spice DAO, Crypto Group That Bought Alejandro Jodorowsky’s Bible Script That Was Never Made Dune Adaptation, apparently still figuring out what to make of his success. Earlier this week, the group stopped working with a core member who posted deeply hateful messages as part of a self-described online art project. Now, the project’s creator has suggested that Spice DAO will back down from its fanciful goal of creating a community-owned media powerhouse — but it’s not clear the group is actually changing any plans.

Towards the end of 2021, the Decentralized Autonomous Organization (or DAO) raised millions of dollars to purchase a rare copy of Jodorowsky’s Dune The Bible, then found herself with a large wardrobe left after winning the auction. Its backers have voted to launch a complex, multi-pronged media project using the money, including a writing competition for an intellectual property, or “IP”, that can be turned into an animated series. (Contrary to many reports, Spice DAO has not claimed that the series will be a direct adaptation of Jodorowsky Dune.)

The group later signed a deal with Love, Death and Robots Writer Philip Gillat to present a screenplay based on the winning entry. I voted to pay $1 million over three years to partner with comedian Frank Miller’s new publishing project in a Token Non-Foldable Lineup (NFT). Meanwhile, long-term storage of the physical copy of Dune The Bible and its discussion plans for a public exhibition.

Spice DAO is still far from completing its goal of making a TV series, and its level of “decentralization” is debatable – a small core team presents workshop proposals and handles the logistics of essentially all operations. But it does contain an unusual amount of real-world activity for a loosely organized crowdfunding group. It’s one of the strangest and most elaborate projects to break out of the crypto-hype boom, and it has so far avoided the severe meltdowns that some other groups have experienced.

But a recent controversy hurt one of the DAO’s main organizers, Charlie/Charlotte Fang. Fang was part of the Remilia Collective, which helped launch Spice DAO along with crypto millionaire and Dune Saban “Soobi” Sakib is excited. Fang, described in a January post as “essential in conceptualizing and launching the project,” was then named group strategy leader and treasurer.

This weekend, Fang He also admitted that behind “Mia” Online character whose comment included exaggerated bigoted phrases, racist slurs, promotion of self-harm and anorexia, and alleged associations with an online “suicide cult” dubbed Systemspace. fang Comments marked As “friendship banter” and “a form of critical satire” made for an online art project. But in the end, Fang declared the association “toxic baggage” and stepped down from Milady Maker, the Remilia NFT project. Fang wrote, “Mia has nothing to do with my birthday Maker and should stay that way until I step down from the team from here.”

as such Kotaku Note that the initial effects of Spice DAO were not apparent. Members of the Spice DAO (the people who own a token called $SPICE) questioned Fang’s continued involvement on the group’s Discord server, and on May 24, other core members removed Fang from the list of treasury key holders. “He has resigned from the core team,” Spice Dow said in a statement. the edge.

Saqib issued a severe condemnation of Fang on the same day. “I just want to be very clear that I absolutely condemn Charlie. Remilia’s involvement in [Spice DAO] It was limited and we are working through a plan on how to allow token holders to view the book and issue a refund to make the holders complete.” He said on Twitter. In the same tweet, he indicated that Spice DAO will scale back its plans – saying that “DAO will no longer pursue IP creation.”

Sakib explained his rationale in subsequent tweets. “This DAO was accelerated from the start and taught me a lot. Right now, the dune bible is being scanned. Once these scans are completed, we will figure out a way for token holders to view their contents. In hindsight, I think the DAO should have stayed focused on This is rather than trying to create a decentralized studio,” he wrote. “Personally, I am disgusted with this whole thing. What I learned from this is that DAOs are very difficult and tokens are a bad way to boot communities around IP.”

It is not clear what “no longer proceeding with IP creation” means, or what “refund” means. Tweet from The official Spice DAO Twitter account indicated that it is still pursuing a “million dollar animated series” with Gelatt. It said it would also soon release a 60-second silent animation based on another entry in the competition, something that members voted to pay artist Ben Clarkson $24,000 in March. Sakib himself said the team is moving forward with the launch of Frank Miller NFTs, where SPICE holders will receive free tokens from the chain. Sakib declined to immediately comment on SpiceDAO’s plans in a direct message on Twitter.

While Saqib is not a member of the core team, he remains a figurehead at Spice DAO and holds the key to the treasury, and his tweets indicate a waning appetite for the group’s more ambitious ideas. But operations chief Kortelin posted a more exciting, if vague, description of Spice DAO’s goals on the group’s forum — suggesting the group remains deeply interested in media production.

The next stage of our growth is to build a decentralized storytelling protocol. We pioneered decentralized storytelling in Web3 as a new form of collaborative media that is directed, directed and owned by the community itself. We are a content incubator, a crypto-original think tank marketed and monetized by the community that acts as the collective author of each project. Spice DAO embodies user generated content that engages the community to actively participate in the creation process rather than passively experience it.

The first project we would like to adapt with these new smart contracts is the Dune Bible. As co-owners of Dune Bible 5th Edition, each Spice DAO member belongs to a very exclusive club. Let’s work together to make the contents public once and for all!

Via Discord, Kortelin declined to comment publicly on what the “decentralized storytelling protocol” would include or how the Dune Bible might fit into it.

Through all of this, the Spice DAO is dealing with the effects of the recent crypto crash, in particular the massive drop in the value of tokens like Ethereum, where most of the Spice DAO funds are stored. (There is a long-term plan to move to the USDC stablecoin.) The pool’s current holdings of Ethereum would have been worth $3 million when the auction took place in late November. Today, its value is closer to $1.3 million. The actual $SPICE token has been worth almost nothing since early 2022 and is used almost entirely for voting. Things like the Frank Miller NFT lineup can bring new money into the treasury because the Spice DAO can charge a commission if it is sold or resold. But it would take a big cash injection to make an entire TV series, especially if Spice DAO ended up offering backers a refund.

DAO token holders are supposed to control any major decisions, including whether to receive refunds or continue to “create an IP.” But in practice, all of the core team’s proposals were comfortably approved. So its future direction will likely be determined by a small group at the top – with regular Spice US dollar holders all the way.

In his thread of tweets, Sakib expressed his pride that the Spice DAO has at least achieved its primary goal: to get the dune bible. “Despite its flaws,” he wrote, “SpiceDAO was still able to secure an artifact of cultural significance using Web3.” “Let’s complete the basic function of the DAO, make the spice carriers as complete as possible, and move on.”

2022-05-27 14:08:35

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