Do you like Donuts?
Would you like to get a free supply of donuts for a year by simply owning an NFT?
Or better, would you like to own a part of a donut empire?
In this blog, I am going to give you an overview of a very interesting NFT project called The Donut Shop that provides free donuts for a year, plus royalties via community fund DAO and much more. You like to invest in NFTs with utility? There you go!
The Donut Shop
The Donut Shop NFT is a collection of 7,777 3D Donuts with different characteristics and 1/1 traits. It means that each donut is unique and has rare properties that would make them more valuable. I have to admit that their art is dope and these donuts took my heart away.
Their presale happened on 6th Feb and minting (0.16 ETH per piece) is still going on @ https://www.donutshop.io/mint. The good thing is that you can get them for cheap on OpenSea because paper hands are losing them at a loss. 😂 At the time of writing this blog, the floor price is around 0.095 ETH so take it from there if you want to.
Passive Income & Much More
This is not just another collection of cute little 3D Donuts. Owning at least one of these NFTs will give you the chance to participate in real-life utilities as well as enjoy special perks in the Metaverse:
- 1 Year of Free Donuts: Each mint at 0.16 ETH per piece would give you access to '1 year of free donuts' membership. 😂 Yumzzaaa!! Dip Dip.. Nom Nom.
- Community DAO Ownership: Anyone who mints and holds a 3D Donut receives fractional ownership of The Donut Shop. Each NFT represents 0.001% Equity in the business starting with a location in Miami, USA. A community DAO fund will receive all the royalties from the Donut Shop franchise in real life, as well as the metaverse. You will be able to stake your NFTs to earn royalties & claim airdrops directly from the DAO. The community will own the fund completely and they will decide on using it for growing the business, the Donut Shop brand, and the opportunities to earn. Isn't it cool? A brilliant use case of NFTs & DAO. You are the business!
- Metaverse Expansion: A land will be purchased in famous metaverse platforms like Sandbox or Decetraland to create more income streams.
- Meta Avatar: You will get a 3D character file that can be used in the metaverse platforms.
In summer, the flagship donut shop will be launched and in a few days, they will ask the hodlers to choose from a list of locations to finalize. In the near future, The Donut Shop will be introduced at other locations in the US as well as internationally via cloud kitchens.
Everyone Can Be A VC
Blockchain technology provides great opportunities for everyone to be a Venture Capitalist. Anyone in the whole freaking world can invest in a donut business setup in the USA. Just throw in a few dollars and get your ticket to your own Donut Empire. No paperwork, no bullshit! This is the future of private equity and the stock market.
I may or may not invest in this but the idea of running a community-owned business via DAO intrigued me. If the floor goes around 0.7.-0.8 ETH, then I might buy one or two because I really like Donuts. Let's see! Please note that this blog is not financial advice and make sure to do your own research. Lately, I have been noticing more and more DAO-based NFT projects seeing the light of the day presenting lucrative opportunities for investors to buy and hold them for the long term. Hopefully, I will find some interesting ones like the Donut Shop.
Let me know your thoughts about this in the comments below! I reward all the good comments I get on my post 🚀
