September 18-22: This week in NFTs, recapped in one letter

Gm,

It’s been a quieter week as far as NFTs/web3 go with Nakamigos’ cloaks mint being one of the biggest highlights of the week (they sold out in 30 seconds)

Other highlights are DAO-related. First, AIP-304, the ambitious proposal designed and championed by Machi Big Brother (one of the biggest BAYC whales) has been passed. TL;DR is that a new fund will be created within ApeCoin DAO to acquire Yuga assets “for exhibition and donation to art institutions, e.g. the LACMA, the Getty Center, the Louvre, the Met”. Do those art institutions actually want to have thousands of monkey jpegs to exhibit? My gut says no, because normally museums of that scale are extra meticulous with donations and curation. Moreover, Yuga itself is already involved in something similar with their Punks Legacy Project, where they donated CryptoPunk #110 to Centre Pompidou's permanent collection, and it’s unclear wether this process can be scaled to a much bigger extent.

But what do I know? I don’t own hundreds of bored apes (in fact, I own zero).

Then we have the Nouns DAO fork, where holders of more than half of all Nouns NFTs opted to leave—and collectively took over $27 million worth of ETH from the project treasury with them. That treasury was used to push Nouns as a brand, having funded various initiatives that even included a 2022 Superbowl commercial. Definitely a big event in the history of NFT DAOs.

• South Korea’s Dreamus Debuts Avalanche NFT Tickets for Events, K-Pop Concerts
  

• 100 million wallets have interacted with NFTs this month

The most important thing in web3 is to have fun.