This is a proposal towards the Dao to establish a ReNFT Museum managed and operated by the ReNFT Dao
Why make an NFT Museum
- NFT art has garnered enormous attention in the last few years but without framilier analogues to real world experiences, the NFT space will struggle to find adoption amongst wider audiences.
- By providing things like curated collections of art, sponsorships for contributing artists, access to private auctions, etc We can court institutional buyers and sellers of real world art into the NFT art space.
- Tickets could be sold at a discount if bought in $RENT giving us some buy side pressure.
- Given we have control over the selling platform we would have options such as layer two scaling for reduced fees as opposed to open platforms like opensee and rarible.
- Possible future in actual art dealing with NFTs that represent the legal right to a piece of Real World Art
- Build a ReNFT Museum Website where the Dao can curate a collection of NFTs rented from artists by the Dao.
- People will be able to view curated works after purchasing a ReNFT museum ticket and have exclusive access to bid on pieces.
- If a piece is sold by the Dao the artist receives the escrowed collateral, a percentage of the sale over the collateral, as well as a ReNFT Museum Verified Seller(MVS) NFT that serves as a lifetime pass to the museum (may also give other bonuses suggestions encouraged).
TBD after $RENT Mainnet, will likely be decided purely by Dao Vote
- The Museum would be fully and wholly an object of the Dao.
- List of possible vote topics
- What art pieces get put in the museum and up for auction
- What artists should be sponsored
- What the cost of tickets should be
- Perks of the MVS NFT
- Possible integration of ReNFT Genesis NFTs (lifetime pass for auction, better renting rates for artists holding the NFT, etc…)
Why fund this?
ReNFT is going to change the game with NFTs, the ability to rent and lend out Art on an immutable blockchain is going to revolutionise the business for good. The IRL art world and the Internet Art worlds are colliding and being able to provide the time tested model of real world art assets to the NFT space will grant enormous potential for growth for the Dao both in capital and name.
The online Art industry is evolving at a rapid pace and ReNFT has a chance to be first in and best dressed.
This is a work in progress proposal, please post suggestions or improvements if you have any. I’m really looking for community involvement.