The SpiceDAO community has decided to sell the printed edition of Alejandro Jodorowsky’s unfilmed Dune and dissolve the organisation. The announcement was reported by blogger Dan Olson, citing a message from one of the leading participants, DAO Soban “Sobi” Sakib.
And now that announcement has been deleted and replaced with a message from Soby. Jesus I should have given this another day.
He’s still selling the book and dissolving the DAO. pic.twitter.com/HJrCysyFVz
— Dan Olson (@FoldableHuman) July 28, 2022
«The book will be put up for auction, the proceeds will also go to the treasury and may be claimed later. After that, the DAO will cease to exist,” wrote Sobi in Discord.
Earlier, a community member going by the nickname kortelin presented a plan to liquidate the organisation’s treasury. The process will proceed in three stages:
- SpiceDAO will compile a list of participants wishing to exchange SPICE tokens for Ethereum. They may use the cryptocurrency to purchase NFTs from the collection Frank Miller Presents (FMP) before the public sale (scheduled for August 15, 2022);
- the organisation will realise FMP to replenish the treasury. A snapshot of SPICE holders will be taken before the public sale of the NFT to prevent arbitrage;
- the core team plans to sell an edition of Dune in Q4 2023 — in the run-up to the release of the second part of Denis Villeneuve’s adaptation.
According to Sobi, kortelin has already left the ranks of the DAO’s participants.
As reported in November 2021, Soban Sakib acquired the printed edition of ‘Dune’ by Jodorowsky for $3.8 million. He bid on behalf of SpiceDAO, but participated in the auction and won it personally.
Participants pledged to continue raising funds to pay Sobi the remaining amount, as the organisation had managed to raise only $750,000 toward the auction.
In January 2022, the DAO announced plans to create an “original, animated series,” inspired by the acquired lookbook. The community criticised the idea — some noted that the purchase of the printed book does not confer rights to its screen adaptation.
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