Introducing The JPEG DAO
The JPEG DAO was born out of a simple concept:
People like NFTs. Let’s create a club where members receive free NFTs.
The way our club is managed is the interesting, complex part.
We are a DAO, or distributed autonomous organization, meaning we make decisions collaboratively and encode major decisions on public blockchains. DAOs are fairly common in the Ethereum ecosystem but they are new to Stellar. Stellar has all the tools needed for successful DAOs besides a “DAO Culture”. JPEG offers an opportunity to grow our DAO culture.
We build in public. Members, supporters, and people performing tasks (there are no employees or equity) all work together to make decisions. Any code we produce, roadmaps we develop, or products we release will be built with very few details hidden from the public.
Lastly, we will change. Our initial concept is simple. Become a member by buying 10,000 JPEG tokens on the Stellar DEX and receive free NFTs. If you would like to receive our first NFT, you must become a member by October 20th, 2021. Members will receive this first NFT on November 1st, 2021. However, this is only the beginning of our journey. We are working on a range of efforts including unique NFTs per member, a 3D NFT gallery, an innovation fund managed by new members, as well as iterative efforts to decentralize our treasury and utilize InstandDAO.
If you want to join our club, I encourage you to buy 10,000 JPEG. If you want to participate in our evolving DAO, visit our Discord Server.
Either way, we thank you for participating in our experiment, club, and community.