Wizard Cults Are DAOs Too, and Maker Budgeting

Published on: March 14th, 2022

There were three notable events this week in the governance we covered. The first was the exceptional level of participation in Forgotten Runes Wizard Cult (FRWC). We have noticed a trend of 10k NFT projects attempting to pivot themselves to a DAO model. Sadly, in our opinion, many of these are an effort to raise the floor price of their NFTs, and we are skeptical of their long-term viability. However, FRWC seems to have bucked this trend.


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