With the end of Q1 approaching, we want to give the OnChainMonkey community an update on everything we’ve completed and what’s upcoming for Q2. Our company has 17 people and is growing. We are all focused on building to increase the value and utility of OCM. Not all of it is visible, but we’re doing a variety of innovative things that we’re excited to bring to you between now and July. But before we look at where we’re going, we have many new community members, so let’s look back at some Q1 milestones.
Q1 Recap
- Value creation for our community. We are the #1 collection for returning profit to our community across all major NFT projects as objectively measured by last 100 trades.
- OCM Dessert Drop. A free airdrop of 10,000 on chain NFTs that have a current floor around 0.5 eth, with top sales going for 65-80 ETH per NFT. More value created for our OCM community, and not even counted in the profit measure in the first bullet!
- Provably Fair Launch. Just like OCM Genesis, OCM Dessert was a provably fair launch. We collaborated with Chainlink to make that possible.
- Coinbase NFT Launch Partner. We were announced as one of the launch partners for the Coinbase NFT Marketplace, alongside many other top-tier NFT projects.
- DAO. The OCM DAO setup is in process. We executed our first DAO Vote to test the voting mechanism.
- Online Community Events with notable people in web3 and crypto from our OCM network:
- We held a private meditation session with Deepak Chopra and Olympian Julia Djumovits on “Getting into Flow State”
- We did Twitter spaces with:
- Renowned author and crypto journalist Laura Shin the day after her book release of The Cryptopians on 2/23 who shared how she uncovered the DAO hacker in 2016
- Acclaimed author Ben Mezrich, author of The Midnight Ride, Bitcoin Billionaires, and Bringing Down the House, joined our community to talk about his books and NFT project
- Haseeb Qureshi of Dragonfly Capital talked to us about what he looks for when investing in Web 3 projects
- Andrew Chen of Andreessen Horowitz on what he looks for when he invests, and the promise of web3
- In person gatherings of OCM (see events):
- ETH Denver OCM happy hour with real life Celestial Cake
- SXSW Happy Hour and Live Concert by DMC
- Bay Area OCM Meetup
- Speaking engagements to share our story:
- Crypto Finance Conference in Jan – Bill and Amanda were part of a select crypto OG, family office, and investors conference where they shared the OCM story and helped catalyze Giga Connect’s Patchwork Kingdom NFT auction to support bringing broadband to every school globally.
- ETH Denver in February – Michelle spoke on the “Road to Mass Adoption” about OnChainMonkey and judged ETH Denver, one of the largest BUIDLathons
- Ethereal Summit in March – Bill and Amanda spoke on a panel about OnChainMonkey and we gave out merch at this invite-only conference of 150 executives sponsored by Consensys.
- SXSW in March – Amanda spoke on 2 panels about OnChainMonkey, including with one entitled “Blockchain & NFTs: Environmental and Social Impact” with of our investors Jeff Zirlin of Axie Infinity
- Fundraising:
- We raised a round to bring more great people into our network, including Sebastien Borget (Co-Founder, The Sandbox), Jared Christopherson (Co-Founder, OneOf), Gaby Dizon (Co-Founder, YGG), Thomas Graham (Co-Founder, Metaphysic.ai), George Kikvadze (Chairman, Bitfury), Nachson Mimran (Co-Founder, To.org), Soups Rajan (CEO of Sardine, former Director of Data Science at Coinbase), Nicole Shanahan (Co-Founder, ClearAccess IP), Nadya Tolokonnikova (Founder, Unicorn DAO), Staci Warden (CEO, Algorand), and Randi Zuckerberg (Offline Ventures Partner).
- Real World Impact:
- Coral Vita Coral Conservancy: We donated funds from auction of the OCM Genesis #4381 to support UN Sustainable Development (SDG) 14 “Life Below Water,” a cause voted on by the OCM community. Funds will be used to grow corals up to 50x faster than in their natural environment.
- Patchwork Kingdoms: We advised Giga Connect on the launch their first NFT collection which raised over $700K to bring internet to schools globally
- OCM Earth charity NFT mint and auction: We raised and donated $185K to Save the Children for humanitarian aid to Ukraine after creating, in a matter of days, an artistic mosaic of 25K+ OCM Genesis forming the Earth with a heart over Ukraine, and raising funds in less than 2 weeks
- See updated Metagood website for more examples of real world good: https://www.metagood.com/impact
- OnChainMonkey website, new features
- Login with Discord, Twitter, or Metamask
- View your OCM and Desserts
- Write the backstory for your OCM
- View your banana balance and transaction history
- New Gitbook wiki
- Filter by traits and meta-traits
- View OpenSea BuyNow prices (and filter by traits / meta-traits)
With all of that completed, we’re excited for what’s ahead. In just the next three months alone, we’ll continue to find ways to bring value to our community in new and different ways.
Expanding the Banana Economy
As OCM Genesis holders know, you can earn Off-Chain Bananas in our Discord by typing our core values (!RISE) and “giving to earn.” Members of our community like to give bananas to people who do good deeds in our community. We’re about to put those Off-Chain Bananas to work, and bring more use cases to the table.
- We’re opening our OCM merch store where you can purchase items using Bananas. There will be more information in the next few days, but instead of charging fiat, we’ll be providing all OCM holders the chance to buy exclusive OCM merch (hoodies, t-shirts, hats, and socks) using their hard-earned Bananas. We want everyone to understand the value of the Banana ecosystem, and this is one way we’ll provide utility to our holders. Launching for the US first.
- You will be able to earn Bananas on Twitter. This gives one more place the community can stack Bananas for use in the Monkeyverse. This will launch in the next two weeks.
- There will be other uses for Bananas beyond merch and books. You’ve already been able to buy hats, books, and now other apparel with bananas. We plan to expand the usage of Bananas to other items. We can’t give too many details yet…but get ready to shop for some digital goods with those Bananas.
Collabs and IRL
The team has been taking meetings to bring new and exciting things to the OCM community. That includes some new partnerships and IRL events.
- We’re working with Ledger to bring you custom OCM hardware wallets. Security is something we take very seriously at OCM, so we’re working with Ledger to give our Monkeys an option to buy a custom device sometime in late April or early May. We’ll also be doing a Twitter Spaces with Ledger to demystify the use of the device, and help everyone feel completely comfortable setting it up.
- We’ll be putting on multiple IRL events. Coming off of SXSW and our OCM get together in the Bay Area, we’re inspired to connect at more IRL events. Stay tuned on Discord and Twitter for updates on community-inspired and OCM-organized gatherings at NFT LA, Miami NFT Week, VeeCon in Minneapolis, NFT NYC, and Consensus in Austin – all before the end of Q2. We want to bring the Monkeyverse to the real world and create those human connections that we saw thrive in the past few weeks.
Karma Launch
We have been working on Karma since September last year. As many of you know, our lead artist on Karma, Drew Winey, is an Academy Award nominated animator, and we recently revealed a second artist – Jeff Gabor – who has won Annie Awards, the most prestigious award in animation. We also hired a third top-tier artist – Matthew Doble – who we will announce more formally next week.
Karma is a big undertaking with the unique type of art we are creating. Genesis was innovative in being both simple and complex. We were the first to create a whole 10k PFP collection on chain in one sinlge transaction by coding it into existence. Similarly, Karma will be truly exceptional in the detail of the hand painted art, while being able to capture the traits of Genesis. We are creating digital assets that will last for generations, and want to give you, the OCM community, the best possible final product.
While originally we were targeting the end of Q1, we are now going to launch Karma in June. We made this decision for several reasons. One is that we are launch partners for CoinbaseNFT and they are not launched yet. Launching Karma with Coinbase will allow us to reach many new people. During this time, this also allows our artists to keep improving the collection. They continue to revise, upgrade, and add detail to the Karma art, as can be seen in the example pictured above.
The Karma launch will start with giving Genesis holders the ability to eat their Desserts, followed by a public mint of Karma immediately after. 50% of the money made from the public mint will go directly to the DAO, making the OCM DAO a very well-funded fund for the community to spend. With that said, below are a couple updates on Genesis as it relates to the Karma launch and the DAO:
- All Genesis holders will have the opportunity to receive Karma Allow List spots. There will be more details on how this will work closer to the mint, but our OCM Genesis holders will have a fair chance to get those spots.
- DAO votes will expand with Karma. We’ve stated before that the highest level of ownership in our community is having a Genesis and a Karma in your wallet. With that in mind, OCM Genesis will be one vote, OCM Karma will be one vote, however if you have a Genesis+Karma, it will be three votes. This gives you the most influence in the OCM DAO voting.
OCM DAO and the Future
OCM has a great network of builders and investors in web2 and web3. We will leverage this and the OCM DAO to create value for OCM. Half of the Karma mint and half of royalties will be funding the OCM DAO. The OCM DAO will be used to fund promising web3 projects that benefit the OCM community. The DAO will also be sponsoring IRL events such as conferences and hackathons to connect builders and spread ideas. OCM and the DAO are using the tools of web3 to build something useful and valuable that lasts for many generations to come.
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