What is YuGiDAO & How to Join?

By amberbyers | Crypto Byers | 15 Aug 2022


YuGiDAO seeks to preserve the most rare and valuable YuGiOh cards on the DeSo blockchain by tokenizing them as NFTs. The DAO is seeking funding to begin acquisitions as of July 2022.

What are the goals for YuGiDAO?
  • To generate funding for the purchase of several YuGiOh cards in Mint or Near Mint condition.
  • To tokenize the cards as DeSo NFTs. Profits will be pumped back into the DAO and the cards will be preserved on the blockchain.
How are the cards selected?

The Phase 1 acquisition choices were made to be balanced between cards that are naturally valuable and those that are of intentionally rare collectible sets. Phase 2 and onward will allow the DAO to choose which cards to prioritize acquiring via DAO proposals.

How will the cards be cared for?

Once funding is secured, we will begin acquiring the specified cards. The utmost care will be made to keep all cards in Mint condition as we tokenize and store them. Storage will be something voted on by the DAO members at a later date.

How will the NFTs be priced?

All NFT cards will be priced at 60% of the physical purchase price. 25% Coin Holder Royalty and 5% Creator Royalty. The remaining profits will go to the DAO treasury for future acquisitions.

You can read the White Paper here.

You can buy into the DAO here.

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amberbyers
amberbyers

Author | Filmmaker | Hot Mess


Crypto Byers
Crypto Byers

Hello! My name is Amber and I've been invested in crypto since ~2015. This blog is the compilation of my thoughts and predictions on the crypto market as a whole, and I hope you find some of my writings helpful! Follow me on Twitter @cryptobyers

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