Company attributes
Other attributes
Fingerprints DAO is focused on curating, collecting, and promoting smart contracts as art. The company believe they'll also build one of the most valuable DAO treasuries over the next decade and provide a framework for other DAOs to follow.
Fingerprints DAO’s mission is to assemble the greatest collection of smart contracts used as art in the world. This happens through collecting and creating.
The Fingerprints DAO collection is composed of NFTs that revolutionized the use of smart contracts as art. The collection was founded with 26 Autoglyphs, the first on-chain artwork. Created in 2019 by Larva Labs (of CryptoPunks fame), they were an artistic and technological innovation.
From its starting point of collecting 5% of the entire Autoglyph supply, the largest collection of this artwork by a DAO, Fingerprints expanded the collection to include notable early examples of artistic use of smart contracts.
The team consist of collective of individuals who have experience in a wide variety of areas. This includes, but is not limited to, entreprenuers, artists, curators, crypto-natives, attorneys, finance professionals, developers, members of other emerging DAOs, and much more.
The main goal of the Fingerprints DAO is to curate, collect, and promote on-chain artwork. While doing this, we believe we'll also build one of the most valuable DAO treasuries over the next decade.
Autoglyphs were the first fully on-chain art. Created in 2019, they're a completely self-contained mechanism for the creation and ownership of an artwork.
There are 3 types of NFT:
1. fully centralized NFTs (like NBA Top Shot), where no information is in a public blockchain;
2. “pointers”, NFTs where the certificate of provenance is on a public blockchain, but the artwork itself is elsewhere;
3. fully on-chain NFTs
Most NFTs fall under the first two categories. Surprisingly few NFTs today attempt to use the blockchain itself as medium and storage.
But we believe this is the true lasting story of this current hype cycle. The innovation of NFTs is not to. have a database of certificates of provenance linked to an artwork stored elsewhere. The innovation is,
to have the token be the artwork itself.
Fully on-chain NFTs are the closest you can get to holding a physical artwork. For a DAO, an organization that puts decentralization first in its acronym, holding on-chain NFTs should matter even more than to an individual.
This is the rationale for our decision to start with Autoglyphs and to focus on on-chain artwork.
The Fingerprints DAO collection is founded on the principle that it’s the smart contract, not the token, that is the art. For an artwork to be eligible for our collection, it must derive artistic value from a creative use of smart contracts. While it may be early, we believe that smart contract art, leveraging the full power of the blockchain, is one of the most significant artistic developments of this century.
Every artwork that enters our collection is assessed within a framework composed of four main categories. These categories reflect the most innovative features and uses of smart contracts. An artwork is included in a category if the corresponding feature is an integral part of its aesthetics or conceptual thrust. Once an artwork meets this requirement, a separate assessment is made as to whether that work is a Tier 1 example of its category. This judgment is made collectively by DAO members and then executed on by the Curation and Acquisition Committee. The categories are:
1. On Chain Storage
The information required to produce the artwork must be stored on chain.
2. Programmability
The functionality of the artwork is dynamic and/or interactive.
3. Community
The artwork incentivizes collective participation and community building.
4. Financialization
The work explores art’s relationship with value and/or ownership; or deploys complex economic mechanisms
Tier-1 NFTs, denominated in ETH, should outperform ETH itself as the Ethereum economy grows — mainly from DeFi at the moment. Their scarcity makes them the true SOV once you're crypto native.
Anything below Tier-1 presents a worse risk-return.
We look at collections because we want the DAO treasury to have the flexibility to allocate and manage the portfolio
1 of 1s can appreciate more than collections, but they lack liquidity. The same goes for small collections and for ultra-rare types in a particular collection.
When we look at the tier-1 collections, CryptoPunks stands out. The most successful NFT collection, launched in 2017, with an estimated market cap estimated of well over $1B, at current prices.
CryptoPunks then would be an obvious choice. But there's something above Punks. A smaller collection that the average Punk owner can barely afford, with a similar (or higher) historical significance and the same provenance: Autoglyphs.
On-chain artwork, curated by a group of individuals that uses the blockchain itself to coordinate.
The Fingerprints DAO token ($PRINTS) distribution will be the following:
* The DAO itself owns 50% of SPRINTS.
* 50% was distributed to the donors of the founding collection (the 20 Autoglyphs)
Our goal is to progressively decentralize both ownership and decision-making in the DAO.
A selected group of crypto native entrepreneurs, artists, devs and collectors is being selected to get early access to a meaningful portion of SPRINTS once it's launched
This group is the first step in the direction of decentralization of ownership from the founding donors.
The first task the DAO governance will have after this group is in will be deciding what else should we collect besides Autoglyphs (and how much).
Progressively opening up the DAO to outsiders, mostly from invites from the Phase 1 group, but keeping the flexibility to change course.
Learn more in Phase II! & Current Affairs. Phase Ill is open until August 5, 2021.
Avid Lines
Created in collaboration with anonymous artist Arihz, AvidLines is an experiment about composability in NFTs. Pieces were generated on mint, upon instructions drawn from Autoglyphs. To be part of the process, an Autoglyph needed to be whitelisted by its owner, which earned the right to a portion of the mint costs paid for the derivative. Surpassed Ξ1.5k volume in the 1st week on secondary markets.
EmergenceDAO
A collective focused on pushing the limits of social coordination, and exploring economic mechanisms underlying value in NFTs. Amassed the largest collection of Framergences (~10% of the supply), the first deflationary NFT collection.
You can enjoin in everything the DAO offers, along with voting rights that control the DAO, by buying SPRINTS ERC-20 token. Visit the #otc channel in the Fingerprints DAO Discord.
