PleasrDAO violated rule zero of the internet: don’t mess with cats
PleasrDAO, a DAO that began with a single tweet, now calls itself an “art collecting empire”. Its DAO has a mission to “(engage) in community art ownership [with culturally iconic and relevant pieces via means of fractionalization].” One of its purchases is the original Doge meme that sold for 1696.6 ETH on June 12th. The meme has been fractionalized into 16,969,696,969 ERC-20 tokens named $DOG where 20% of the total supply will be available for purchase on an open-source contract hosted on Miso, Fractional.art, or DEXs Uniswap or Sushiswap. The idea is that $DOG will appreciate in correlation with the Doge meme itself.
PleasrDAO will maintain majority ownership of the original Doge meme while allowing those who own $DOG to own a piece of the otherwise financially unattainable meme NFT that will run, bark, and play on the blockchain forevermore. And any $DOG token holder can throw a dog a bone.
A user encourages purchase of “The Doge Meme” through PleasrDAO: $DOG is backed by “The Doge Meme”
Digital, tangible, and virtual spaces collide
DAOs haven’t just sought to bring a new organizational structure combined with NFTs to the art world. DAOs partnered with both tokenization and fractionalization have had certain pieces come down from the ethers and into your backyard. Or, most likely, onto waterfront properties that have a better chance of higher market valuation and appreciation. Aqarchain’s STO (Secure Token Operating) platform is hosted on the Tezos blockchain. Investors can rest assured that the token trading and handling is regulated via Aqarchain’s STO platform.
Via the STO platform, $AQR tokens are eligible for trading and purchasing part of or, the fractionalized full price of the entire piece of real estate in question based on current market valuation. STO platforms allow for both passive income through property via rental fees and a share of income when a property is sold proportional to how many $AQR tokens have been purchased and allocated toward a particular property. DeFi staking for $AQR using $XTZ tokens is available to the ends of governance power which is leveraged when making decisions like valuations on the property, sales, and leasing of a property. Additionally, an NFT is issued for each real estate asset (fractionalized or not) that’s been purchased to each investor.
