0xadb14a17…e738sent to0x710c7e42…a031·#14,931,927·0xc8938f3e…250afd
# Claim Ether From Community Fundraise
Hello everybody!
Back in April, the FemboyDAO community successfully raised 71.28 Ether, with the *first* stated goal for how these funds were to be used being the creation of femboy-themed NFT collection.
The terms of the raise were such that, if the DAO doesn't claim this Ether from the FemErecter contract via a Governess vote by July 5th, 2022, the FEM that was minted becomes redeemable for ETH at a ratio of 1:1 (the same ratio that it was minted for). This condition was set to ensure that the community agreed on how the raised ETH should be used before any funds were released, as well as that the collection was actually going to be made.
Well, wait no longer! Several members of the community have stepped up to join what we've called the Femboy Council in order to work towards making this collection a reality, and after some deliberating, reviewing and reaching out to artists, the Femboy Council has settled on Nekobox (@Nekoboxhime on Twitter) as the artist we're going to work with for our collection!
We're very excited to work with them, they already have some fantastic works on Foundation as well as experience with generative collections on OpenSea! In the coming weeks we'll be onboarding Neko and getting their feedback on our vision for femboy NFTs!
Links to their work: https://foundation.app/@nekobox and https://opensea.io/Nekobox?tab=created
As a result, this proposal moves the collected ETH from the FemErecter into the FemboyDAO Treasury in order to stop the countdown to FEM redemption, since we're committed to getting this NFT set out, and we can then start thinking about what else to spend the rest of the funds on! In the next little while, we will make a proposal specifying the agreement with Neko for their involvement, including general timeline, compensation et cetera, for the DAO to accept and allocate ETH to the Gnosis multisig.
Thanks for sticking with us so far, we know it's been rough in the markets: we're excited to get things moving!