Highlights
SquiggleDAO Marfa Event at Glitch A Success
SQUIG Token Buyback Benefit
SquiggleDAO Podcast Launches w/ Great Guests
Website Treasury Breakdown Upgrade
Squiggle Merch Now Available
SquiggleDAO Marfa Event at Glitch
We are still riding the high from the event at Glitch that we hosted during Marfa Weekend this year. We couldn’t have asked for anything better.
A special thank you to our sponsor Zharta for supporting us and really going above and beyond to make the event memorable.
We had the opportunity to give away signed (by Snowfro himself) Squiggle Skateboards, Infinite Object frames, DAO logo tee’s, and more goodies.
The support for the event blew our expectations away. There were over 200 people that showed up to our event! Getting to meet irl and shake hands with so many people that are great members of our community was one of our favorite parts.
We are incredibly grateful to Glitch Marfa for allowing us to takeover their amazing gallery space for the event, to the team at Art Blocks for putting in a ton of work to make the weekend happen, and lastly to our community who came out, showed up, and made the event truly special. We can’t wait for Marfa 2024!
SQUIG Token Buyback Benefit*
The DAO has bought back 10.2% of the outstanding SQUIG tokens. We were able to repurchase these tokens at a 78% discount to NAV (and 22% below cash NAV).
The result of this is increasing our NAV by 9%, benefitting all remaining token holders.
*Transaction not finalized, exact numbers may change, and not reflected in live treasury.
SquiggleDAO Podcast Launches
Last month we launched the SquiggleDAO Podcast. Squiggles have one of the most influential collector base in all of NFTs. The aim of this podcast is to bring more interest to Squiggles by giving a platform to these collectors, visionaries, and creators.
Our inaugural episode featured the legendary VonMises.
VonMises The Minter of 100's of Squiggles
We followed that episode with a great conversation with Kevin Rose
Kevin Rose Goes Down The Squiggle Rabbit Hole
This brings us to today where we are excited to release our conversation with the great Derek Edwards. Derek is a legend in the space, a prominent vocal supporter of Squiggles, and has one of the most impressive Squiggle collections.
You can watch all episodes on YouTube or listen on your preferred podcast platform.
Website Treasury Breakdown Upgrade
We make it a priority to have a transparent and fair reporting of the DAO Treasury. Our treasury breakdown is for the benefit of DAO members and also hopefully an inspiration to other DAOs.
Our treasury breakdown now updates in real time and shows our conservative valuation strategy.
Valuation Calculation:
Valuation, for this purpose is calculated as the lower of floor price or adjusted last sale. This is limited at the lower end by the current collection floor.
Adjusted last sale is the last sale price, reduced by 25% for sales 1 year prior, pro-rated between 0-1 year and capped at a 25% reduction.
Valuations are not calculated based on items which are flagged as suspicious on OpenSea. For examples and the full breakdown of each Squiggle by trait go to our Treasury Page.
Squiggle Merch Now Available
The community has been asking for a long time and we are finally able to deliver!
SquiggleDAO Tee’s are available on our merch page alongside the Squiggle Skateboards.
Please note that all t-shirt orders are handled solely from Printful. We cannot provide any assistance with ordering/shipping.
Governance Proposals
Passed ✅
Treasury Squad request to top up expenses since the last budget passed in June 2023.
Read on
Squiggle Market Update
We are moving to a video format for sharing future Squiggle Market updates. They will be hosted by our resident expert Nifty Fifty. The goal is to keep them concise (5min or less) and packed with value.
The video will be available on Twitter/X.
Squiggles in the Wild
Squiggle Media
Nifty Fifty Joins a Special Live Edition of the PROOF Podcast in Marfa
Frens.House Video Recap of the SquiggleDAO Marfa Event at Glitch
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