As mentioned earlier this week, all of us aspiring heavy metal real estate tycoons had starry eyes at the prospect of being able to now own Vinnie Paul’s old house.
Now, long-time cryptocurrency supporter M. Shadows of Avenged Sevenfold has laid out a pretty wild but thoughtful plan for rallying fans together to essentially crowd-buy the home and decide its
We’d try to explain it ourselves, but uh, shit’s complicated. So here is the idea in M. Shadow’s own words below:
“Vinnie Paul’s house is for sale. The place was legendary by all standards and it will be a shame to see it bought by a developer or a non fan. So, what does that mean? What happens now? What if we started a DAO? A thread…
So @Vengenz1 called me today and showed me the news of this legendary property being put on the market. This is the place where any musician that came through Dallas would come after a long night at Vinnie’s famous strip club or after the shows.
Musicians, actors… you name it… It was like the “Graceland of Heavy Metal.” We have been many times. So Zacky suggested a DAO purchase it… DAO stands for “decentralize autonomous organization.
What that means is that fans of Vinnie Paul’s legacy would be able to purchase a token that represents a portion of this home. The Token (nft, it’s that word) sale would raise the money to purchase the house.
After that, Token holders would have governance and a vote over how and what actions will be taken by the committee. Do you fix up the roof? Do you use it as a rental to other fans like an Air BnB?
Do you turn it into more of a museum of artifacts that token holders and fans get to enjoy? That’s not up to me or any individual… it’s up to the DAO. Own a token and get a vote.
Here is how I see it…
Option 1: Someone that doesn’t give a fuck about Pantera buys it and lives in it, remodels or tears it down.
Option 2: A @Pantera fan buys it, lives in it and treats it as their own personal trophy.
Option 3: The community buys it, governs it and decides what’s best for the legacy of this important piece of Heavy Metal History. Anyway, this may sound crazy to some… and if I’m way off I’d love to get opinions. I’d love to discuss it and hear another side.
Vinnie Paul’s house is for sale. The place was legendary by all standards and it will be a shame to see it bought by a developer or a non fan. So, what does that mean? What happens now? What if we started a DAO? A thread…🧵👇
— M. Shadows (@shadows_eth) February 4, 2022
Admirable idea, truly. Interesting to see how this all plays out.
Words by: The Pit staff.