Bright Moments has recovered 240 of the stolen CryptoVenetians from the August heist. BRT holders approved a snapshot proposal to distribute the recovered Venetians as follows:
This distribution process will begin immediately with the sale of 40 CryptoVenetians to the Flamingo DAO.
CryptoVenetians launched on Art Blocks in June 2021 as the first IRL-only generative art minting project in Venice Beach, CA. The purpose of the project was to onboard people to crypto by giving them a free NFT. The design of CryptoVenetians (CVs) was inspired by real people in the local Venice community.
After gaining significant traction in the secondary markets from NFT collectors, a rogue DAO member used privileged access to heist the project in the middle of the night and mint out the contract (#692 to #999). They stole 309 CVs with a total market value of approximately 1,800 ETH, equivalent to around $5 million on the day.
In the weeks that followed, the DAO was able to recover 240 stolen CVs with help from the Bright Moments community. As we approach the end of 2021, we believe it is time to move forward and continue building our community. This shift coincides with the Bright Moments DAO transition from 10 million $BRT ERC-20 tokens to 10,000 CryptoCitizen NFTs as a way to provide the community with governance rights as holders.
On Nov 29th, the DAO passed Proposal BRT-3 to use 240 CryptoVenetians to grow and govern our CryptoCitizen community.
For each new city we enter, we will be distributing CryptoCitizen Golden Tokens to mint as follows:
Proposal BRT-3 applied this same distribution model to the 240 CryptoVenetians held in the Bright Moments treasury:
On Dec 29th, we will use our Random Collector Selector (RCS) on-chain VFR through Chainlink to randomly assign the 240 CryptoVenetians to 1 of these 3 categories outlined above.
The following steps will be followed:
For more information join our Discord here: https://discord.com/invite/brightmoments
- Bright Moments DAO
PS Someday there will be a movie about this.