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  • The Case for ATX DAO HQ, Part Deux

Dear ATX DAO Community

A while back I wrote a long post making the case for ATX DAO HQ. A cool spot to host all sorts of social events and gather as a community. If you’ve been keeping up with the ATX DAO lore, you should be well aware that this project is something we’ve been trying to do since day one.

Unfortunately, back then the DAO didn’t have the financial resources nor the support of the wider community to pursue a project of this magnitude. It was simply something out of our reach.

However, I am back at it again with another proposal to make this place a reality. At this point I’ve made it my sole mission to find ATX DAO a home and with the amazing help from Megan Murray, Sam Padilla and Mason Lynaugh we’ve stumbled upon another incredible opportunity.

Opportunity

On October 19th, Sam received a reply to a tweet talking about ATX DAO’s approach to community building. The account had 2 followers and no profile picture but the content of the tweet was fascinating. The person on the other side of the convo claimed that they were building 3D printed homes with a grand vision to become the core infrastructure provider for the Network State (If you are not familiar with the term, drop what you are doing and go listen to this 7 hr podcast. It will change your life).

Anyway, since the content of the tweet was full of excitement, Sam and Mason decided to meet up with the author to learn more about it. His name is Patrick Tighe and he turned out to be a successful real estate developer and lawyer with over 10+ years of experience in the industry. Aside from his legal work, he runs a project with his brother called Eden Homes, a 3D printed neighborhood focusing on the environment, community, and technology for sustainable living.

Patrick shared with us that he had recently purchased 5 acres of land located at 500 W Dittmar, Austin TX 78745 and was interested in partnering with a crypto organization to develop the land into Austin’s greatest crypto hub. We thought this was a perfect match and decided to jump at opportunity by creating a proposal that would benefit both parties.

Offering

What ATX DAO Gets:

Ability to use the property’s event space for free (with some cadence) to host crypto events. Events include but are not limited to:

  • Networking events,
  • Seminar/half-day events,
  • Speaker events, Workshops and classes
  • Parties

Office space to be used as follows:

  • The office space will be used as the main hub for ATX DAO’s accelerator program and hacker houses.
  • Free access for ATX DAO members
  • Free access for ATX DAO accelerated startups for the duration of the program
  • $50 - $100/month for community members to use the space. ATX DAO keeps these funds.

If ATX DAO raises funds to build the office space, the DAO can be entitled to a percentage ownership of the property if both parties agree.

What Patrick and Co. Get

ATX DAO Membership NFTs

We’d love for the Eden team plus the people working on developing the land to be part of our community. We proposed to use 5 of the remaining Zilker II NFTs to their core team. This include:

  1. Patrick Tigher (CEO of Eden Homes and part owner of the Dittmar property)
  2. Julie Tighe (part owner of the Dittmar property)
  3. Andrew Tighe (COO of Eden Homes)
  4. Torin Miner (Architect who can help us design ATX DAO’s office space)
  5. Jorge Ortiz (Austin real estate developer working on creating NFT real estate communities)

Drive traffic to revenue generating services

Patrick and co. are planning on adding services to the land that include but are not limited to:

  1. Coffee shop
  2. Food services/trucks
  3. Airbnb housing

As part of the proposal, ATX DAO commits to bring value to this set of services by driving foot traffic into the property.

Revenue Sharing

ATX DAO commits to a revenue sharing model following the guidelines below:

  • 25% of profit from any ticketed events held at the property. These include:
    *Networking
    *Seminar events, workshops, hackathons
    *Parties
  • 25% of profit generated from sponsored events, with a minimum of $2.5K per event
  • 25% of profit generated from sponsorships for future hacker houses during big crypto conferences in Austin.

Deal flow from Web3 Accelerator

Since the office will allow us to run ATX DAO’s first accelerator program, we proposed to give Pat and co. Priority deal flow from ATX DAO Web3 accelerator.

Closing Thoughts

We presented the above proposal to Patrick and co. and they are totally on board. Now it is up to our community to decide if this makes sense for the future of ATX DAO. I urge you all to think deeply about this opportunity and provide thoughtful feedback. This is a big step forward for our community and we’d love to hear what each and everyone one you has to say about this endeavor

Compared to the original ATX DAO HQ proposal, this is essentially risk-free. We will be able to use the event space by December for our first giving circle.

If anyone is interested in viewing the property and meeting Pat, we can coordinate a field trip.

    Thank you so much to everyone involved for all the fort here. This is extremely exciting.

    What is the time line for design/build/move-in?

    I think the idea is brilliant. The collaboration framework is flexible and allows for iterations if the community decides to move forward. The most interesting part of the proposal is the ATX DAO raising funds to build the office space.

    I am totally in support of the proposal and happy to help in any capacity I can.

    This is really exciting and as some have mentioned before, a quasi risk-free version of the previous ATX DAO HQ proposal.

    A few clarifications I want to make:

    1. This does not limit us to only do events in this space.

    Some of our flagship events or even meetups can continue to happen across the city, but this would allow us to do more member-focused events (giving circles, member dinners, etc) or some meetups as well.

    2. The events space and the co-working space are different things with different timelines

    The event space will probably be ready by December or January - we could realistically use the space for our first giving circle in December because the structure for the space is already there. But the co-working space is likely to take a little longer, since the physical structure is yet to be built. Timeline for that is still unclear.

    3. The co-working space will allow us to do a lot more than what we currently do.

    While it may be true that we don't need a dedicated space for the type of social events we currently do, having one will allow us to start experimenting with a lot of events we currently don't do. For instance, run a web3 accelerator, educational series, pitch competitions or even just casual co-working.

    Lastly, I want to raise a quick concern regarding the NFTs:
    AFAIK, all the NFTs for Zilker have been already minted. We would probably need a new contract to supply more ATX DAO NFTs. Any idea on how we would handle this from an engineering perspective? And how that would fit into a bigger membership round?

    All in for this proposal and super excited!
    Gereat work @RobertoTalamas @512mace @MeganKay and all. Pat is an amazing guy too.

      SamPadilla Nope, we still have 13 Zilker NFTs left. We purposely didn't mint all of them for situations like this one. Special mints like this one can be handle by the one and only @clifton. No worries on that front.

          I love this. Great proposal with some clever cooperative arrangements. Seems like a lot of upside and little risk. Make sure to get it codified in writing so the deal is papered. Worth engaging an attorney imho.

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