Foundational investments now, vertical investments later

Very much agree there needs to be a focus on infrastructure, policies, and procedures.

Regarding this:

This is something I’ve been looking into and I recently had a chance to ask @bc about it. It’s really complicated, but not impossible to do. We’d have to hire a bunch of really smart people to figure it out though, which is expensive.

If I understood him correctly, there’s multiple problems that need to be solved and would be very costly to figure out. I’ll give you some examples.

One is related to revenue being generating in different countries. We would have to figure out how to file taxes all over the world.

Another is related to regulations. It would make the DAO look like an investment. How would we register with the SEC and other regulatory bodies across the world? Would KYC be needed?

There may be workarounds, but I don’t know if anyone has put much thought into it. I think it boils down to what the members of the DAO believe it’s role should be. Is the DAO just meant just to exist to distribute funds into the ecosystem, and once that is done, that’s it? If not, we need a plan.

What to do with profits has been a recurring issue. It was an issue the merch proposal that was rejected faced AIP-13, and for the Marketplace proposal that just passed AIP-98

For the marketplace proposal, @zheerwagen reached out to many members of the community and what to do with the profits was discussed. In response, they decided that “all $APE fees will be routed to a community held multi-sig with use of funds to be voted on in a future AIP. This gives the DAO more time to determine how to best utilize new funding sources while taking $APE off of the market in the interim.”

What to do with profits is still a challenge in itself. This is a screenshot from the Market place proposal:

Hope this info helps a bit!

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