Welcome to a simple guide for turning your NFT into a fully decentralized, tokenized DAO, allowing you to sell or send part ownership for your NFTs to anyone. Turn your NFT ownership into community owned DAOs, allowing you to turn illiquid, personally owned assets into liquid, community owned organisations.
Step 1
Find your NFT’s contract address and ID in your assets by going to etherscan.io, entering your address and then going to Token, scrolling down to find the NFT you want to create a DAO for. Click it.
Step 2
Copy the contract address and the token ID you see under the Inventory tab, which shows your NFT’s details you’ll need for the Alchemy dApp.
Step 3
Start at AlchemyDAO.com, which opens up the home for the dApp. Unlock your wallet at the top right first, connecting to Metamask. Then put the NFT address and ID from before into these boxes. Check approval.
Step 4
Approve the NFT to the dApp.
Step 5
The Token Name will be the name for your new token that controls the DAO.
Token Symbol will be the symbol for your token (the ETH part when you see Ethereum (ETH), also known as the ticker)
Total Supply will be the supply for your token
Buyout will be the amount in ETH that you’re willing to accept for someone to purchase the WHOLE DAO, including all NFTs in the DAO
Voting Period will be how many days proposals that are voted on in the DAO have to be voted on before they either succeed or fail. A majority decision will be required for success
Timelock will be how long before a proposal can be executed if its passed by the voting process for the DAO. This can be set to 0 for immediate execution after successful proposal
Create your DAO!
Step 6
You’ll now see your newly created DAO, the address at the top will be the address for the DAO as well as the address for the token for your new DAO. You’ll see your shares (refresh if doesnt show right away) as well as info about your DAO, including the NFTs held.
Step 7
Have fun! Share your new DAO to others, let them help control the DAO, sell part ownership, raise funds, sell NFTs to reinvest in more NFTs, create a community or whatever you want. Your new token can be listed on Uniswap (you’ll need to find a guide for this), traded on other dexes, sent to any other user on Ethereum or do any other use case that any ERC20 token can do!
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https://alchemydao.com/
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