Spice DAO: We bought the unpublished manuscript of the "Dune" movie for 2.66 million euros

老雅痞

2022-01-22 10:00

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Spice DAO has previously raised 2,608 ETH through juicebox, worth more than 87 billion US dollars. The excess funds of the project will be used to pay for scanning, storage costs and other activities, and will be voted by the DAO community.

Original title: "How to publish and re-create within the scope permitted by law?" Spice DAO made an example"

This article comes from the WeChat public account: Old yuppie

On January 16, Spice DAO announced that it had successfully bid for the unpublished manuscript of the movie "Dune" by Alejandro Jodorowosky. The next step is:

1. Publish a book (to the extent permitted by law)

2. Produce a Original animated limited series inspired by the book and sold to streaming services

3. Supporting community spin-off projects

It is reported that Spice DAO has previously raised 2,608 ETH through juicebox, worth more than 8.7 million US dollars. The excess funds of the project will be used to pay for scanning, storage costs and other activities, and will be used through voting by the DAO community.

What is Spice DAO?

At the end of last year, Spice DAO, a group formed by a group of cryptocurrency holders, raised 2.66 million euros to buy director Alejandro Jodorowsky for the production of the movie "Dune". The rare book "Dune Bible".

Spice means "spice", and it is a precious raw material in the worldview created in the novel "Dune". The resulting DAO (Decentralized Autonomous Organization) can be roughly understood as an organization jointly managed by a group of investors with the same goal. Compared with traditional companies, DAO adopts non-manual management operations, including governance, capital and other operations, all controlled by programs. The code executes automatically.

The Spice DAO was initiated by the Remilia Collective in partnership with Soby for the greater public good with the aim of taking the Dune Bible away from private collectors . Other members of the multisig team are invited due to their trustworthiness and interest in the project.

Spice DAO's initial crowdfunding campaign was to fund the purchase of the manuscript. After the successful bidding, DAO plans to collectively discuss the digitization of manuscripts to pass on to future generations, and carry out projects within the scope permitted by law to raise public awareness of manuscripts and make their contents known to the public to further increase their value. In addition, on the website It also stated that Web3 may be used to ensure security and fair incentives.

Crowdfunding platform

Spice DAO aims to raise funds to secure auctions, redundant The funds are used to cover scanning and Freeport storage costs and other activities and projects that the DAO may propose. Donations are processed through JuiceBox, the same platform that ConstitutionDAO uses for similar crowdfunding. Open to anyone for donations of any size. Contributed funds can also be redeemed by the raiser at any time during the crowdfunding period. If the bid fails, all funds will be unlocked and redeemed by the fundraiser.

Governance

Contributors get a SPICE Token in return for their funds, as a Spice DAO The governance token in the proposal system is managed on the Snapshot platform. Any holder of SPICE will be able to propose and vote on proposals, with voting rights weighted by token shares.

Governance will be handled by multi-token (multi-sig) until the auction happens successfully and the manuscript is successfully obtained. If the bidding fails, the DAO will be dissolved and everyone can redeem their contribution with their SPICE. If successful, the Snapshot governance system will go live, and the multi-signature will act as the executor for the successful proposal, and the multi-signature vote will act as a veto for the exploit proposal (such as a 51% attack).

Manuscript Management

After the auction, Spice DAO will have 30 days to settle Payments that provide time to debate and vote on proposals for physical holding schemes to ensure their security. A possible solution would be to work with a professional art storage service, with arrangements requiring multi-signature approval to actually release the manuscript.

Team Background

Spice DAO was initiated by Remilia Collective and Soby in collaboration with Get the Dune Bible out of private collectors for the greater good. Other members of the multisig team are invited because of their trustworthy reputation and interest in the project.

Although Spice DAO seems to be a good opportunity no matter from the website or twitter, the old yuppie must share some "interesting "the opinion of.

This may be an inevitable phenomenon of NFT culture. You think you bought a rare item, and then you take it for granted that you "own" it.

Spice DAO plans to operate within the scope of the law, but in fact this so-called "right" does not exist.

When it was first established at the end of last year, Spice DAO was ridiculed by netizens for not being able to tell what they bought. Judging from the speeches of the organizers, they seemed to confuse the difference between buying collectibles and buying copyrights.

But the Spice DAO founders quickly figured out the problem. In the recent statement of the organization, it is clarified that it does not own novel IP. As for how to further appreciate the value without infringement, no further explanation has been made.

With the rise of the blockchain, NFT has attracted a lot of attention, and there are various discussions about "ownership". For example, when you purchase an NFT on OpenSea, it seems that the collector owns the work, but it does not mean that the content of the work can be modified arbitrarily, because the author is the owner of the intellectual property.

In the Spice DAO example, does it give you some inspiration? If it were you, how would you publish and re-create within the scope permitted by law?