NKOTBdao was set up as a playful (and responsible) experiment amongst friends with various backgrounds in the arts, entrepreneurship, film, music, tech - all of whom are excited and intrigued by the cambrian web3 exploration we are living, but who also have reservations around by the aesthetic and creative sensibilities of much of the current NFT hype. first and foremost this is an experiment to help us all learn about DAOs, NFTs, and web3 by doing. secondly it is an opportunity for us to support projects that we are excited by, and get a first row seat inside the governance and development etc of those projects.

there is no expectation of financial gain from this experiment. we are not set up to trade, but rather to be long term owners of the assets we buy.

decisions by the DAO will be taken by simple majority - apart from decisions like selling assets or returning funds to members which will require a supermajority vote.

members will be able to sell their membership to others only with unanimous approval of current members.

members will have 3 days to vote on proposals. at the end of the 3 days, all current votes will counted and the majority vote will win. if we are tied, the vote will be considered a NO.