If you were listening in on our last AMA, you would have heard our latest announcement and updated roadmap. For those of you that missed out, here it is; we are incredibly excited to announce that in continuation of our journey in offering art for all, we will be shortly launching ParticleDAO! For those of you who are not familiar with the term DAO (Decentralized Autonomous Organization), simply put, it is a system or organization run by and for its members with limited or no central ruling authority. In the coming weeks, we will be sharing more specific details regarding the structure of the DAO with you. For now, we want to reiterate our "why" and show you how the DAO will contribute to our vision of putting the power in the hands of our community.
Mission of the DAO:
To enable the Particle Community to buy, share, safe-keep and govern some of humanity's greatest works of art through the governance of the Particle Foundation.
The ParticleDAO will be the first decentralized fine art foundation of its kind. This means that our community, partners, and you will be able to participate directly in the stewardship of the physical works of art in the Particle Foundation. This is in addition to your minority personal ownership in works of art which will remain in Particle NFTs. Through the governance of the Particle Foundation, you will be able to participate, lead, and decide on the future of the physical works of art, strengthening your participation in the ownership and stewardship of the masterpieces the Foundation holds.
Why is this important? Because for too long fine art has been in the hands of a select few. The elite collector community has traditionally shaped the course of the art market and art historical discourse. Now, blockchain has created an opportunity for a revolutionary paradigm shift. This shift will allow for the decentralization of traditional practices of art collecting, ownership, and enjoyment.
How will we achieve this? We are going to form a Particle DAO token which will be the key to governing the non-profit foundation. Governance over the Foundation means we will now be able to collectively decide the future of the collection, leveraging the community and the unprecedented access to experts provided by Particle. We will each have the opportunity to voice our proposals and suggest decisions that will afford the collection both the visibility and evolution that will allow it to become one of the greatest in the world.
Particle NFTs remain the way to directly own minority ownership in the works of art of the Particle Collection. Banksy Love is in the Air, acquired at auction at Sotheby’s in May 2021, is representative of our genesis and as such genesis holders will benefit from additional status ,benefits in the issuance of the DAO token as well as participation in the governance in the DAO. Why is that? Because Love is in the Air was carefully handpicked as the work of art that epitomizes the Particle mission: a peaceful, beautiful alternative to the status quo of fine art collecting.
Particle NFTs also represent your Membership Pass into the Particle Ecosystem. They are the most seamless way of gaining control of the physical works of art through the governance of the Foundation that they are housed in. Beyond this, Particle NFTs are your ticket into the fine art world. A ticket that will get you unprecedented access to experts, advisors, collectors, artists, and events across the globe that will enrich your understanding, involvement and engagement with the fine art community– both physically and digitally.
- Vote: First public Particle Collectors vote on the location of the next exhibit to be held on the collectors’ channel on Discord. Future votes will happen on a suite of DApps we are currently developing
- ParticleDAO: Announcement and detail around the ParticleDAO structure.
- Particle Presents: Schedule for the Particle Presents twitter series with prospective hosts and interviewees.
- AMAs: Bi-weekly team AMA’s held to communicate progress with community.
- Hiring continues for open roles in marketing, communications, partnerships and engineering.
- (Tentatively April) Exhibit: First community voted exhibit held (Location: TBD by collector community)
- Painting #2: Announcement of Painting #2
- ParticleDAO: Tokenomics details released and finalized structure announced, and benefits entrusted to genesis LIITA Particle collectors.
- The first round of hires is projected to be completed by the end of April.
- Painting #2: Drop of painting #2 via revamped Whitelist mechanism with early access to LIITA collectors.
- ParticleDAO: Launch of the ParticleDAO token.