What is OCM DAO?
Building an Epic Monkeyverse Together
Last updated
Building an Epic Monkeyverse Together
Last updated
OCM is an amazing community of professionals, entrepreneurs, builders, creators and global citizens interested in making a real world impact and building through our core values.
Join our incredible network to contribute and vote to fund and accelerate projects/businesses that build OCM community brand and value, drive positive impact and shape the future of Web3 through innovation, sustainability, experimentation and creativity.
Join the OCM DAO discussions in OCM Discord #✍🏻dao-chat.
Stay informed on DAO announcements and prop updates by following OCM DAO's Twitter account, @OCMDAO, and important OCM DAO dates.
Latest News ...
Connect on OCM DAO: #dao-announcements & #✍🏻dao-chat | @OCMDAO
The OCM DAO (“decentralized autonomous organization”) is a community fund that is managed by OCM Genesis & Karma NFT holders, rather than the Metagood team. The purpose of this fund is to leverage the power of the OCM community to grow and sustain efforts to “do well and do good” in the world. As OCM membership increases in number, value, and representation, the OCM DAO will become more resourced, diversified, and impactful across industries and outcomes. Enjoy a summary of OCM DAO Demo Day presentations from OCM DAO Season 1 for inspiration on the diversity of props completed through OCM DAO Prop House (PH) and Small Grants (SG) funding:
When it comes to supporting monkey business, OCM DAO and Metagood play separate, but complementary roles. The OCM DAO supports grassroots, community-led initiatives that extend the OCM brand and community into new spheres of influence, and push the limits of collective social impact. Metagood also builds the OCM brand, but is focused in areas where a central point of contact is more efficient or secure.
For example, the DAO may fund a project that extends the OCM brand into the VR/AR/XR space based on the unique talents and interests of token holders. This leverages the strengths of the decentralized community and doesn’t rely on central gatekeepers to source or sustain the idea. Metagood, on the other hand, may fund innovations to enrich holder benefits or partnerships with our investor network. This leverages the position of the company as a central, coordinating figure, and makes the planning process more cohesive and efficient.
In the early stages there will likely be overlap between the DAO and Metagood’s activities, but in the long term and as the DAO matures, the hope is that each plays a distinct and differentiated role in building OCM.
The OCM DAO has three sources of funding: primary and secondary sales of OCM NFTs and revenue from initiatives funded by the DAO. The OCM community wallet is publicly accessible; anyone can see how much ETH is currently in the DAO, and every transaction in or out of it.
The OCM Genesis collection was a free mint and, therefore, didn’t generate primary sales revenue. The OCM Dessert collection was a free airdrop to Genesis holders and also generated no primary sales revenue. Mint/Primary sales of theThe OCM Karma collection, however, generated 1,500 ETH in DAO funds, as 50% of all mint/primary sales revenue was disbursed to the DAO.
The DAO is continually funded by royalties from secondary sales of OCM Genesis, Dessert, and Karma collections, with 50% of all royalties going to the OCM DAO for every OCM NFT sold.
In the future, the DAO will also benefit from continual funding from community projects that yield a return on investment. While the goal of the DAO is not to sponsor exclusively profitable ventures, the ability to generate revenue is an important consideration for the DAO to be sustainable as a whole.
The OCM DAO is actively taking proposal submissions through three distinct channels: Small Grants, Prop House, and OCM Proposals. Each channel is designed to support initiatives of a different size and scope, allowing a wide range of proposals to get the requisite attention and consideration they deserve from OCM members.
Proposals are accepted in “seasons” (typically 3 months in duration) that have a distinct focus “theme”, provided by Metagood, align with our core values of !RISE (Respect, Integrity, Sustainability, Experimentation), and funding coming from the OCM DAO. This is a way to generate early discussion and momentum around initiatives with common goals and is subject to change as the DAO becomes more self-sufficient. Explore the current status of each season and check for open submission timeframes.
The goal of the Small Grants is to provide swift support for community initiatives that don’t need a full OCM Community membership vote. This is the channel with the lowest proposal “requirements” and the fastest approval time, and handles requests too small or time-sensitive for Prop House (PH) - such as local gatherings, events or brand building experiments, retroactive awards for outstanding contributions, expense reimbursements, etc.
The OCM Small Grants Committee (SGC) is a small, trusted group of four (4) community members elected by the community, plus one (1) Metagood team representative, who serve as volunteer representatives and dispense the flexible pool of small grant funding each season.
Submit a request to Small Grants >> via our Small Grants platform, ProxyChat [inactive]
Example of SG Request: meals/entertainment costs for an OCM IRL gathering in Los Angeles, monthly fees to support OCM community #poker-club play in ClubGG app
Regular rounds of funding are awarded to pilots & experiments (called “Props”) that align most closely with each season’s theme. OCM holders vote for the top proposals to win the round and receive funds.
Submit a prop to OCM Prop House >> https://prop.house/onchainmonkey [inactive]
OCM PH Season 2 Round 1 Props (Feb. 27 - Mar 13, 2023) > (closed) OCM PH Season 2 Round 2 Props (Mar. 27 - Apr. 10, 2023) > (closed) OCM PH Season 2 Round 3 Props (Apr. 24 - May 7, 2023) > (closed)
An excellent OCM Prop House Getting Started Guide by OCM community member and holder, Linear#0077 | @jtlin.eth.
Made for major commitments to scale up big ideas, the full proposal category includes requests that have usually been piloted through a Prop first and require a highly involved process with more scrutiny. Intended to fund large-impact projects that build long-term value for the OCM community.
Submit an OCM Proposal (soon) >> OCM DAO Proposal Intake Form --> go to File --> Make a Copy and edit locally on your desktop
Example of OCM Proposal: launch of an entirely new NFT collection for OCM holders
We will soon be accepting OCM Proposals for review and voting. More details to come. Contact the DAO Coordinator or a team member with questions.
Explore our previous DAO Demo Day events — a showcase of innovation and vision from our talented builders in our OCM DAO community. Discover future-shaping projects that have already taken flight, and offer a glimpse into the exceptional potential of our DAO community.
| Season | Period | Total Allocated Funding |
|---|---|---|
S3
Jul. 1 - Oct. 31, 2023
S2 - Building Out the Banana Economy
Feb. - Jun. 2023
S1 - OCM Brand & Community Building
Aug. 1 - Oct. 31, 2022
0.1 - 2 ETH per proposal, X ETH total per month or season (i.e. 20 ETH in S1)
A small, community-elected committee (SGC) approves proposals
Intended for immediate and uncomplicated aid in community building
1-10 ETH per proposal, X ETH total allocated per season (i.e. 50 ETH in S1)
Rounds of funding every N weeks (i.e. In S1, 1 week of public review, followed by 1 week for OCM community voting and round of PH funding dispensed to approved props.)
Intended to fund small, but promising projects that build OCM community and align closely with each season's theme.
Any ETH wallet can submit a proposal, but voting is limited to OCM Genesis and Karma NFT holders
10+ ETH per proposal, X ETH total allocated per season
Rounds in larger time increments, necessary for full review, iteration, vetting and holder voting on Snapshot with quorum requirements
Intended to fund large impact projects that build long-term value for OCM community
