FlamingoDAO Spends $1M in a Shopping Spree on Art NFTs

As the first DAO incubated by The LAO in October 2020, FlamingDAO serves to be a “hive mind” to support the best individuals, projects, and groups building the emerging metaverse by purchasing, archiving, and collecting NFTs and pieces of their ecosystem.

In a remarkable move, they've acquired a diverse range of art NFTs valued at around $1 million within the last 12 hours (credit to CirrusNFT).

Featured wallet:0xb9eB79E3E735Ee636255dD8D65872a1287744e33

This impressive haul includes pieces from notable artists such as Beeple, XCOPY, Piter Pasma, Roope Rainisto, Zeblocks, Emily Xie, Matt Kane, and more.

As one of the largest holders in NFTs, FlamingoDAO is leaning strong into their support and conviction for the future of digital property rights through NFTs.

In late 2020, they articulated their vision with the following statement:

“This is just the beginning” they say - art NFTs could very well be a category worth closely monitoring.