Manta Squad NFTs

A fun collection of 3,000 unique profile-picture NFTs that were launched on 10-Nov-2023 on the Stargaze NFT marketplace. The project was a partnership with the Shrimp Club, lead by Duarte and the amazing artist Lower Lows, the team behind the Kujira-notorious Shrimp Gang collection. Each piece was minted for 20 USK, with 40% going to the artists and 60% going to MantaDAO treasury. The collection fully sold out in under an hour, and resulted in $34.2k raised for the DAO (net of Stargaze’s 5% fee). This amount is expected to be doubled by MantaDAO (subject to Stargaze governance proposal being voted by the community) and paired with $68.4k worth of STARS provided by Stargaze Community Pool as described in this proposal, resulting in $136.8k of STARS/USK liquidity, half owned by Stargaze Community Fund and half by MantaDAO.

All royalties (2.5%) from secondary NFTs trading are currently fully kept by MantaDAO. A gamified competition system that will be open to all holders of a Squad (i.e. a minimum of 5 Manta Squad NFTs) is in the works and will allow participants to periodically win cash prizes.