Jamie Thingelstad

ConstitutionDAO caught my attention right away. This DAO is forming to raise a fund to bid on one of two privately owned authentic copies of the US Constitution. Sotheby’s is holding the auction tomorrow.

The DAO started this morning with about $16M in ETH raised, and currently has $33.7M in ETH just twelve hours later via their Juicebox listing. The project was launched six days ago!

I couldn’t resist being part of this so I sent in a small amount of ETH and am waiting for the auction to claim my PEOPLE governance tokens.

What a wild idea, and all enabled largely because of the crypto stack. We’ll see what happens next! 🤞

I’ve been wanting to find an NFT project that I could be part of to learn and see first-hand what these are like. I wanted to find a project that was fun. I wanted something where the NFT appealed to me on its own. I wanted something that was affordable. I also was curious to have it not be on Ethereum, preferably Polygon or Solana. When I found the Angry Bunny Club it checked all the boxes.

The initial minting was over but Magic Eden is the official marketplace for Angry Bunny Club and there were a number of bunnies listed for 0.25 to 0.3 SOL. I got a couple, then a couple more, and now I have six. I had to get a Santa one. 🎅

Left to right: 338, 3069, 4801, 1308, 3680, and 3678. You can also see all bunnies in my wallet.

Like many NFT projects, the Angry Bunny Club is creating a number of different expereinces from these Bunnies, and then the community shares in the proceeds from those activities. They are working on some casual games that will feature the bunnies. There is also discussion of some publishing projects. 50% of the proceeds from those projects go back to Bunny owners.

They also distribute 50% of the resale fee from Bunny sales to holders on a weekly basis. This week that was 0.006 SOL for 6 bunnies. If that rate stayed the same it is 0.312 SOL a year. The purchase cost of the six Bunnies I have is 1.8 SOL. So if that stays flat that would be a 17% return. It is interesting to see these mechanics and to have an Airdrop land in your wallet each week.

Like nearly all of these projects it also has a Discord server, along with some channels that are only available to people with Bunnies in their wallet. There is a feeling of being in a club with others.

This is all learning for me. I picked this project because I think the NFTs themselves are fun, and the learning is just upside. 🐰

I just claimed my $ENS governance tokens and am now a voting member of the Ethereum Name Service DAO. I decided to not delegate my tokens at this time. My primary ENS name is thingelstad.eth.

This transition of ENS into a DAO has been incredible to watch. NiftyTable has a great writeup on it.

ENS is one of the best case studies for why people should care. The community now owns and governs a public good they use everyday that has billions of dollars in treasury.

ENS is leading by example how a decentralized entity can operate, provide real value, and be sustainable.

For comparison, this would be like going back to the early 1990’s and having the community involved in the structure of the DNS system.