The SpiceDAO community has decided to sell the print version of Alejandro Jodorowsky’s never-produced Dune movie and liquidate the organization. This was said by blogger Dan Olson, citing a message from one of the main contributors. DAO Stove “Sobi” Sakiba.
And now that announcement has been deleted and replaced by a message from Soby. God, I should have given this another day.
He still sells the book and distributes the DAO. pic.twitter.com/HJrCysyFVz
— Dan Olson (@FoldableHuman) 28 July 2022
“The book will be put up for auction, the proceeds will go to the treasury, and then it can be claimed. After that, the DAO will cease to exist,” Soubi wrote on Discord.
Earlier, a community member under the pseudonym of the cortel presented a plan for the liquidation of the organization’s treasury. The process will take place in three stages:
- SpiceDAO will compile a list of participants who want to exchange SPICE tokens for Ethereum. They can spend crypto to buy NFT from the collection Frank Miller’s Gifts (FMP) before general launch (planned for 15 August 2022);
- the organization implements the FMP to replenish the treasury. Snapshots of SPICE holders will be taken prior to the NFT public sale to avoid arbitrage;
- The core team plans to sell a copy of Dune in the fourth quarter of 2023 before the release of the second part of Denis Villeneuve’s movie of the same name.
According to Sobi, your cortel has already left the DAO.
Recall that Soban Sakib bought a print version of Jodorowsky’s Dune for $3.8 million in November 2021.
Members of the organization promised to continue raising funds to pay Sobi the remaining amount, as he managed to raise only $750,000 at the auction.
In January 2022, the DAO announced plans to create an “original, animated series” inspired by the purchased viewbook. The idea has been criticized in the community – with some noting that buying a print book does not qualify a movie adaptation.
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