What is OCM DAO?
Building an Epic Monkeyverse Together
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.
Stay informed on DAO announcements and prop updates by following OCM DAO's Twitter account, @OCMDAO, and important OCM DAO dates.
Latest News ... [Aug 2023]
Small Grants Committee (SGC) Season 3 is accepting new Small Grant requests to review, vote and fund. Please submit your Small Grant request to the SGC platform, ProxyChat.
Please reach your new Small Grants Committee representatives, @spiritzero @ocmjayb @nutter8224 @asiansilverhawk @cd_vagobond in Discord channel #✍🏻dao-main-chat
and share any SGC questions by tagging @Small Grants Committee
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:
OCM DAO x Metagood
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.
Funding Sources
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.
Primary Sales
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.
Secondary Sales
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.
Latest News: [Mar. 2023]
On Mar. 16, 2023, the OCM community voted with majority approval on a full proposal to reduce the original creator royalty fees for OCM Genesis and OCM Karma collections to 5% for a period of one year due to changing market conditions and marketplace models, and OCM DAO's strong financial position (holding ~2,000 ETH ($3.7M dollars) as of Jan. 2023). For the next year, OCM DAO will not receive any royalties collected from secondary Genesis and Karma sales. Royalties of OCM Dessert secondary sales remain unchanged and will continue to contribute 50% of the royalty fees collected to the DAO (i.e. 2.5% to OCM DAO and 2.5% to Metagood).
Project Revenue
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.
Submitting Proposals
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.
Small Grants (SG)
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
Kindly tag @Small Grants Committee
@OCM DAO Coordinator
in #✍🏻dao-main-chat
with questions, and your completed Small Grants request. Meet the Small Grants Committee.
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
Prop House (PH)
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 (closed for Season 3)
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.
See past PH props for examples: OCM PH Season 1 (all rounds) >
OCM Proposals
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
We will soon be acception OCM Proposals for review and voting. More details to come.
Example of OCM Proposal: launch of an entirely new NFT collection for OCM holders
Seasons
OCM DAO Demo Day
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.
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