It Takes a Year DAO
THE FUTURE OF ENTERTAINMENT OWNERSHIP & GOVERNANCE
"It Takes a Year to Get to Know Me" is a web3 music project integrating a series of 12 monthly song releases with the blockchain. We're establishing the completed music project as the "It Takes a Year" DAO, highlighting an important cross section of entertainment and technology being the first official album released as a DAO. The DAO will be established through a series of NFT collections connected with the release of each song in the project, giving holders the opportunity earn passively through music streaming/licensing royalties and governance over the DAOs treasury through the distribution of our official token.
ITAY DAO ECOSYSTEM
This is more than just another music project, it's also an exciting demonstration of how web3 can be used to improve systems in the music industry that have been broken for decades. This represents a shared vision of access and equity in the entertainment industry, creating a business model where the distribution of value properly incentivizes everyone from artists, producers, songwriters, to fans, innovators and investors.
THE MUSIC
WEB3 + DAO OVERVIEW
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An NFT (NON-FUNGIBLE TOKEN) is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.
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A DAO (DECENTRALIZED AUTONOMOUS ORGANIZATION) is a decentralized non-hierarchical organizations that use blockchain technology to encode their set of rules, for instance who can join and how its treasury gets distributed. It’s a place where like-minded individuals can come together, pool resources, talent, and relationships to build a sustainable community where token holders can participate in the DAO’s cultural and financial growth.
ITAY DAO MEMBERSHIP
HOLDER/MEMBERSHIP BENEFITS
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○ Each NFT holder will receive access to the song music streaming and licensing royalties
○ On average one NFT represents .104% ownership of each song, a piece of the collective 25% owned by all holders for the life of the project.
○ Royalties will ONLY be claimable by the current holder. -
Holders will get access to exclusive NFT air drops as we continue to build the series and make progress in the project.
○ Future song releases
○ NFT Art
○ Exclusive Content
○ $Tokens -
○ Holders on this NFT collection will receive exclusive invites to concerts and events.
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○ T-Shirts gifted to Gold Edition Holders.(Claimable after mint*)
○ Hoodies gifted to Platinum Edition Holders.(Claimable after mint*)*Gourmet Ratchet T-Shirt and Hoodie only claimable ONCE by current NFT holder. Once the physical merchandise has been claimed it will no longer be available to additional holders after transfer of digital asset.
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One of the best parts of this Web3 music project is that we’re giving supporters an opportunity to help guide the direction of the project and increase the value through strategy decision making. which can include:
○ Investment of the DAO the 50ETH treasury
○ Selection of future song releases and remixes
○ Artist and project collaborations
○ Marketing and Outreach Strategies
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○ Songs can be used non-commercially for entertainment and any usage that doesn't generate individual profits.
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○ Free NFT Airdrops
○ GRAMMYs 2023 Ticket Contest
○ Gourmet Ratchet Swag
PROJECT GOALS
COLLECTION 1 - “SMOKE AND DREAM” NFT
The initial drop in the "It Takes a Year DAO" NFT series is the "Smoke and Dream" collection. A two tier NFT giving the first of 12 opportunities to claim ownership in a one of a kind web 3 project by Grammy-Nominated, Multi-Platinum Producer/Artist Kosine.
LAUNCH DATE: April 20, 2022 4:20pm EST
BLOCKCHAIN: POLYGON
TOTAL QUANTITY: 420
TIERS: GOLD(.0420 ETH) & PLATINUM(.075ETH)