First Weekly Update (11/22 - 11/28): Only Up From Here
November 28th, 2021

What a great week to kick start our journey! We are overwhelmed with the support we have received from our community. After successfully completing our crowdfunding round A, we are excited to share the incredible progress we’ve made over the past week. 

The first acquisition we’ve made as IBC DAO is a 3X3 Estate near Republic Realm in The Sandbox metaverse. We believe the metaverse sector is primed for parabolic growth, and having a unique, scarce piece of land in the treasury will immensely benefit the community members. 

We also view this purchase as a long-term hold, i.e., going to create multiple income-generating opportunities for the community. It can be in the form of rent given by advertisers or simply the high demand for rare pieces of land. 

IBC DAO is aimed to expand the P2E economy to new horizons, so we are exploring multiple investment areas such as PFP NFT collections, yield-generating NFTs, and ultimately, play-to-earn gaming projects. 

We acquired famous NFT collections this week, such as ON1 Force, Robotos, DeadFellaz, CreatureWorld, and World of Women. Also, we secured multiple NFTs from yield-generating projects such as Head Dao, Mutantcats, and Bear Deluxe. The staking has already begun, and we will update you about its performance periodically. 

Adding on to our shopping spree, we added 10 Sipherian Surge and Neko NFTs to our DAO treasury. We view it as a safe bet, as the demand is constantly rising for projects that integrate avatar-based NFTs. These characters will be deployed once our gaming guild is formed. 

Speaking about guilds, we are happy to announce IBC DAO has closed a deal to get 50 experienced Axie Infinity players. We believe this sets up the initial foundation for our community and helps create better strategies for building the guild even bigger. 

That’s it for acquisitions. On the community side, we have airdropped special NFTs representing IBC DAO to our genesis members. 

IBCDAO Genesis Member NFT**

We also listed one of our rare pieces of CipherPunks NFT collection on Open Sea. The “Crypto Genesis Meeting” NFT is our featured artwork illustrating one of the most important meetings in the history of the CypherPunk movement. 

Genesis Crypto Meeting 

It has been a great first week for IBC DAO. We plan to build on top of the acquisitions we’ve made and establish the gaming guild for our first batch of players. And continue our search for finding great NFT projects.

Stay tuned for more updates. We’ve got something special coming next week. 

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