Your questions answered.

So, tell me a bit about PatronageDAO…

We’re a DAO that’s going to change the way people collect and trade art.

What’s a DAO?

DAO stands for Decentralised Autonomous Organisation. It’s a decentralised organisation where, once the governance structures are setup, can only be governed, changed, or take action through the votes of its members (the DAO token holders)

That’s a mouthful

Ya, but it’s really pretty simple. We’re like a cooperative except we’re structured differently. Instead of having a central authority, our community members, known as Patrons, (together with us Founders) act as our governing body

So, we’re all in charge?

Exactly! Every member within the DAO shares a common goal and acts within the best interest of the entity. It’s a bottoms-up management approach that’s been popularised by crypto enthusiasts and blockchain technology.

Gotcha, so what’s PatronageDAO’s common goal?

To build the world’s largest, evergreen collection of art that will always stay on public display — chosen by the people, for the people.

Uh, that sounds amazing! So, are you like a huge museum?

Yes and No. Museums are run by people who make all the purchasing decisions. At PatronageDAO, it’s the Patrons — the token holders, who are making the decisions about what works of art we buy and where we exhibit them — a decentralised curator if you like.

We can also be thought of as a decentralised museum, as our physical works of art will be displayed in many museums and art spaces around the world. In the future we will also open up our own IRL spaces where we will hold events and display art. Our art will also be displayed in ‘meta museums’ like Otherside and Decetraland — although we don’t plan to build our own metaverse.

How do I become a Patron?

By buying tokens when we launch. By virtue of holding a token, you become a Patron, which means that you are instrumental in kickstarting this movement and will be integral in our decision making, as well as gain whitelist access to our artNFT mints

So all I need is the PTRN token?

We have 3 key components that make up our ecosystem

1. $PTRN: The underlying token is the PTRN token. As a holder you are officially a Patron, and member of PatronageDAO. Along with other benefits, holders can vote on proposals put forward by members of the community to the DAO, get whitelisted for artNFTs, and receive pro rata airdrops of the portion of NFT royalty fees that we give back to the community for their efforts in helping to run the DAO

2. artNFT: Each work we fractionalise becomes a series of artNFTs. These artNFTs represent actual ownership over the underlying work of art as well as a digital artwork in their own right. They can be easily traded on NFT marketplaces. These are the asset-backed NFTs where the work of art is the underlying asset. However, we also will be making these series unique, so each artNFT from a series will also have unique collectible characteristics and beauty — making the artNFT a piece of art in its own right.

3. PTRN NFTs: These are our DAO’s VIP membership cards, where the holders gain access to private viewings, special access to artists and museums, curated workshops, rarefied merch, occasional exclusive access to certain artNFT mints, and they represent a block ownership of PTRN tokens as well as a host of other benefits. Not to mention they will be designed by some exciting, hot artists who are joining our mission

So anyone can be a token holder?

Yes — especially those of you who are enlightened and beautiful on the inside :)

But what if the token holders don’t have good taste in art?

We believe that the works of art we acquire should represent the tastes of the people and reflect the times that we live in. Who better to choose what goes into the collection than those who will get to enjoy it?

In the beginning we will help select and curate the works of art, but over time we believe the DAO will self-organise and elect its most competent members to be part of the art-sub-committee who do all the heavy lifting for the DAO in terms of finding, negotiation, pricing and managing the acquisitions of art. But in the end, it is still the community that decides.

Once a work has been chosen and acquired, who gets to keep it?

No one. It will be kept in the public domain — perhaps the Tate Modern gets it this month and the MOMA next — it’s up to the token holders to decide! Of course, the museums have to agree and have the space. So, there will be a lot of work going into finding great places to display the works, but remember, this is to the community’s advantage. Fine art appreciates in value when it is on display in prominent museums, so the longer the works are on public display, the more desirable they become, which in turn increases the value of the artNFTs which represent its ownership.

But who is actually responsible for the artwork, legally and operationally?

PatronageDAO has a Foundation that will act as custodian and hold the physical rights to the works of art but not hold the ownership. The Foundation will have a permanent mandate by the owners to be custodian, and will be responsible for all operational management of the collection and will act as the IRL counterparty to all art transactions. Most importantly, its mission is to ensure the works always stay within the public domain, that way everyone who owns a piece of the work can sleep easy knowing it’s in good hands.

Okay, what happens after we’ve made our first purchase?

Once we have acquired an artwork, we will fractionalise the ownership and sell off the pieces as artNFTs. After that we cannot say what you will do, us Founders (The Ninja Turtles) will definitely hold onto our artNFTs as we are collectors, and want to build a beautiful collection of artNFTs that represent both ownership in great works of art, as well as a collection of NFTs that are beautiful in their own right. What do you think you might do?

Wait, I thought NFTs were only for digital art…

Nope, NFTs (Non-Fungible Tokens) are digital assets that link ownership to unique physical or digital items, such as works of art, real estate, music or videos.

Ok, so your NFT looks like a boring contract?

Actually no, all NFTs still have a picture field so they can be represented in wallets and on trading platforms. For our artNFTs we want to work with some hot emerging artists to design our series of 10,000 NFTs inspired by the physical piece they represent ownership of — think of it like an awesome collab!

And anyone can buy an NFT of the work?

Exactly! Instead of art collecting being limited to the super rich, now everyone can be a collector. And as said above, each NFT represents a real share of ownership in the work of art. You’re not buying a share of a JPEG, you’re buying a share in a physical work.

How do NFT holders make money?

NFT holders are free to sell on any of the NFT markets, like Opensea, at any time. The NFT value is a function of both the underlying artwork it represents and % ownership of, and the market value of the unique artNFT. Like any open market, the pricing is dictated by simple supply and demand.

Gotcha, and will Patronage DAO own NFTs to the works too?

The foundation, which is controlled by the DAO, will always own NFT1, which has the same ownership % as any of the publicly owned NFTs but also includes the custody rights to ensure the artwork stays in the public sphere forever.

But how does the DAO make any money?

The DAO makes money through the sale of the artNFTs, and when the NFTs trade in the market we will also get royalty fees. Money raised from the sales of the NFTs will be then reinvested in new artwork acquisitions allowing us to create an ever growing evergreen collection with no further sales of Tokens.

So, the initial investment money is all you really need to keep building the collection?

Exactly!

Does any of that royalty money go back to the token holders — since they were your original investors?

It does. Airdrops will be released to Patronage DAO token holders. They also have the ability to stake their tokens in our yield farm that will be launched on release and generate a yield.

What are some of the other benefits?

Token holders or Patrons are the guardians of the collection. It’s thanks to them that our cultural heritage can be preserved and kept in the public domain.

They will also get access to exclusive events and DAO exhibitions, as well as educational programming and behind the scenes tours of private collections not open to the public.

Where do I sign up?

Join our active communities on Twitter and Telegram, and check out our website here, which is where our token launch will take place

Your questions answered.

So, tell me a bit about PatronageDAO…

We’re a DAO that’s going to change the way people collect and trade art.

What’s a DAO?

DAO stands for Decentralised Autonomous Organisation. It’s a decentralised organisation where, once the governance structures are setup, can only be governed, changed, or take action through the votes of its members (the DAO token holders)

That’s a mouthful

Ya, but it’s really pretty simple. We’re like a cooperative except we’re structured differently. Instead of having a central authority, our community members, known as Patrons, (together with us Founders) act as our governing body

So, we’re all in charge?

Exactly! Every member within the DAO shares a common goal and acts within the best interest of the entity. It’s a bottoms-up management approach that’s been popularised by crypto enthusiasts and blockchain technology.

Gotcha, so what’s PatronageDAO’s common goal?

To build the world’s largest, evergreen collection of art that will always stay on public display — chosen by the people, for the people.

Uh, that sounds amazing! So, are you like a huge museum?

Yes and No. Museums are run by people who make all the purchasing decisions. At PatronageDAO, it’s the Patrons — the token holders, who are making the decisions about what works of art we buy and where we exhibit them — a decentralised curator if you like.

We can also be thought of as a decentralised museum, as our physical works of art will be displayed in many museums and art spaces around the world. In the future we will also open up our own IRL spaces where we will hold events and display art. Our art will also be displayed in ‘meta museums’ like Otherside and Decetraland — although we don’t plan to build our own metaverse.

How do I become a Patron?

By buying tokens when we launch. By virtue of holding a token, you become a Patron, which means that you are instrumental in kickstarting this movement and will be integral in our decision making, as well as gain whitelist access to our artNFT mints

So all I need is the PTRN token?

We have 3 key components that make up our ecosystem

1. $PTRN: The underlying token is the PTRN token. As a holder you are officially a Patron, and member of PatronageDAO. Along with other benefits, holders can vote on proposals put forward by members of the community to the DAO, get whitelisted for artNFTs, and receive pro rata airdrops of the portion of NFT royalty fees that we give back to the community for their efforts in helping to run the DAO

2. artNFT: Each work we fractionalise becomes a series of artNFTs. These artNFTs represent actual ownership over the underlying work of art as well as a digital artwork in their own right. They can be easily traded on NFT marketplaces. These are the asset-backed NFTs where the work of art is the underlying asset. However, we also will be making these series unique, so each artNFT from a series will also have unique collectible characteristics and beauty — making the artNFT a piece of art in its own right.

3. PTRN NFTs: These are our DAO’s VIP membership cards, where the holders gain access to private viewings, special access to artists and museums, curated workshops, rarefied merch, occasional exclusive access to certain artNFT mints, and they represent a block ownership of PTRN tokens as well as a host of other benefits. Not to mention they will be designed by some exciting, hot artists who are joining our mission

So anyone can be a token holder?

Yes — especially those of you who are enlightened and beautiful on the inside :)

But what if the token holders don’t have good taste in art?

We believe that the works of art we acquire should represent the tastes of the people and reflect the times that we live in. Who better to choose what goes into the collection than those who will get to enjoy it?

In the beginning we will help select and curate the works of art, but over time we believe the DAO will self-organise and elect its most competent members to be part of the art-sub-committee who do all the heavy lifting for the DAO in terms of finding, negotiation, pricing and managing the acquisitions of art. But in the end, it is still the community that decides.

Once a work has been chosen and acquired, who gets to keep it?

No one. It will be kept in the public domain — perhaps the Tate Modern gets it this month and the MOMA next — it’s up to the token holders to decide! Of course, the museums have to agree and have the space. So, there will be a lot of work going into finding great places to display the works, but remember, this is to the community’s advantage. Fine art appreciates in value when it is on display in prominent museums, so the longer the works are on public display, the more desirable they become, which in turn increases the value of the artNFTs which represent its ownership.

But who is actually responsible for the artwork, legally and operationally?

PatronageDAO has a Foundation that will act as custodian and hold the physical rights to the works of art but not hold the ownership. The Foundation will have a permanent mandate by the owners to be custodian, and will be responsible for all operational management of the collection and will act as the IRL counterparty to all art transactions. Most importantly, its mission is to ensure the works always stay within the public domain, that way everyone who owns a piece of the work can sleep easy knowing it’s in good hands.

Okay, what happens after we’ve made our first purchase?

Once we have acquired an artwork, we will fractionalise the ownership and sell off the pieces as artNFTs. After that we cannot say what you will do, us Founders (The Ninja Turtles) will definitely hold onto our artNFTs as we are collectors, and want to build a beautiful collection of artNFTs that represent both ownership in great works of art, as well as a collection of NFTs that are beautiful in their own right. What do you think you might do?

Wait, I thought NFTs were only for digital art…

Nope, NFTs (Non-Fungible Tokens) are digital assets that link ownership to unique physical or digital items, such as works of art, real estate, music or videos.

Ok, so your NFT looks like a boring contract?

Actually no, all NFTs still have a picture field so they can be represented in wallets and on trading platforms. For our artNFTs we want to work with some hot emerging artists to design our series of 10,000 NFTs inspired by the physical piece they represent ownership of — think of it like an awesome collab!

And anyone can buy an NFT of the work?

Exactly! Instead of art collecting being limited to the super rich, now everyone can be a collector. And as said above, each NFT represents a real share of ownership in the work of art. You’re not buying a share of a JPEG, you’re buying a share in a physical work.

How do NFT holders make money?

NFT holders are free to sell on any of the NFT markets, like Opensea, at any time. The NFT value is a function of both the underlying artwork it represents and % ownership of, and the market value of the unique artNFT. Like any open market, the pricing is dictated by simple supply and demand.

Gotcha, and will Patronage DAO own NFTs to the works too?

The foundation, which is controlled by the DAO, will always own NFT1, which has the same ownership % as any of the publicly owned NFTs but also includes the custody rights to ensure the artwork stays in the public sphere forever.

But how does the DAO make any money?

The DAO makes money through the sale of the artNFTs, and when the NFTs trade in the market we will also get royalty fees. Money raised from the sales of the NFTs will be then reinvested in new artwork acquisitions allowing us to create an ever growing evergreen collection with no further sales of Tokens.

So, the initial investment money is all you really need to keep building the collection?

Exactly!

Does any of that royalty money go back to the token holders — since they were your original investors?

It does. Airdrops will be released to Patronage DAO token holders. They also have the ability to stake their tokens in our yield farm that will be launched on release and generate a yield.

What are some of the other benefits?

Token holders or Patrons are the guardians of the collection. It’s thanks to them that our cultural heritage can be preserved and kept in the public domain.

They will also get access to exclusive events and DAO exhibitions, as well as educational programming and behind the scenes tours of private collections not open to the public.

Where do I sign up?

Join our active communities on Twitter and Telegram, and check out our website here, which is where our token launch will take place