Graphite DAO

The Carbon-Neutral Generative Art DAO

Graphite DAO is going to create generative art projects on Ethereum. Unlike other artists or DAOs, Generative DAO will make sure not to have a carbon footprint (see Appendix C).

The DAO will brainstorm, design, create and sell generative art NFT projects.

GRPHT is the fair-launch governance token, airdropped to generative art holder wallets.

Governance

Mission

  • To create interesting generative art NFT projects with a neutral or positive carbon footprint.
  • To cover its environmental costs caused by the DAOs operations.
  • To influence the NFT and wider crypto community on becoming environmentally conscious (See Appendix A).

Vision

  • Graphite DAO is a beacon of light for environmentally responsible DAOs and art projects.
  • Graphite DAO has a significant positive impact on the environment on its own and a positive impact through its influence.
  • Owning and interacting with NFTs without covering their environmental costs will be shameful.

The Founding Team

The founding team is responsible for bootstrapping the DAO. They will have no governance powers once the Graphite DAO Snapshot is launched.

The founding team’s responsibilities are:

  • Designing the DAO
  • Documenting this vision
  • Creating and initially managing the website
  • Developing the initial smart contracts and website
  • Deploying the initial smart contracts and website
  • Getting the word out
  • Bringing in the early community members
  • Creating and initially managing the Twitter and Discord accounts
  • Creating the Snapshot governance page

Treasury

Governance must control a treasury to be able to function properly. We think it could raise bootstrapping capital by selling NFTs, indicating that the owner has helped the DAO financially bootstrap. We call this NFT project Original Graphite ($OG).

Graphite Token (GRPHT)

GRPHT is the valueless governance token of Graphite DAO.

Distribution Mechanism

Airdrop to all generative art holding wallets as of a to-be-determined block. See Appendix A for the list of existing generative art projects.

Each whitelisted wallet will be able to claim 1 GRPHT through a smart contract. This will be a trustless but a bit costly operation with an on-chain merkle-root check.

Use cases

Discord Access

1 GRPHT will be required to join the governance channels in the Discord using Guild.

Governance

Once GRPHT tokens are airdropped, the DAO will decide on everything with GRPHT tokens via Snapshot votes. Governance could decide on creating new use cases for GRPHT tokens.

Original Graphite (OG)

OGs are the NFTs sold for bootstrapping Graphite DAO.

Tokenomics

We plan to create 1000 OG NFTs.

Each graphite token will also come with 1 GRPHT token to allow buyers to join the DAO. The sale price will be 0.1 ETH for an OG NFT and 1 GRPHT bundle.

If the tokens sold out, the DAO treasury would have 100 ETH. This amount would be sufficient to bootstrap the DAO.

The OG token will have no functionality except to bootstrap the treasury. The founding team will purchase the first 100 OGs, providing 10 ETH to the treasury.

This bootstrapping will precede the airdrop to discuss the launch mechanism with a wider community and settle on the list of existing generative art projects in Appendix A.

Contract Details

The sale contract will have a mint function that accepts an amount parameter for how many tokens to mint. This implementation would decrease overall the gas costs and the environmental impact.

OG tokens will have an on-chain generated svg image. Therefore, OG images will not rely on third parties, web servers, or even IPFS.

OG images will have the following texts on them:

  • Original Graphite
  • OG
  • The token id from “000” to “999”

Appendices

Appendix A: The List of Existing Generative Art Projects

The listed art projects must make use of some form of automation. However, generated outputs must not go through a  curation or editing process.

Using automation for randomly picking attributes does not usually satisfy our criteria. Making an objective distinction of generative collectibles from generative art is not possible.

In order to make this selection not require any trust to Graphite DAO, the generative art projects list of Superniftyfan will be used.

Appendix B: Ecological Cost of NFTs

Ethereum currently relies on proof of work (PoW) to secure the blockchain, allowing us to claim ownership of NFTs in a way that is highly resilient to all known attacks. However, PoW requires very high power consumption of miners, in a way this is how it is secured because it requires attackers to have mining capable hardware and energy to feed them at the same time.

Offsetra estimates that Ethereum transactions have a carbon footprint of 0.0001809589427kg CO2e per gas unit spent. This implies that an average transaction has an impact of 18.05kg CO2e! Offsetra has a website for checking out how much carbon footprint an account has caused: carbon.fyi

There is a movement discussing this issue and possible solutions called Clean NFTs for the curious.

Appendix C: Compensating Carbon Footprints

Carbon-Neutral Transactions

Klima DAO is releasing a Base Carbon Tonne (BCT) token representing a tonne of carbon captured. Buying 1 BCT gives an incentive for carbon-capturing enterprises to capture a tonne of carbon from the atmosphere.

If an Ethereum transaction costs 100kg CO2e, it would be carbon-neutral if it purchases 0.1 BCT in that transaction. This is how Graphite DAO’s NFT projects will compensate their carbon footprints for minting processes.

After an on-chain art generation is completed, the contract knows how much gas it has spent. It could also estimate how much gas a Uniswap transaction would consume. The contract would add these two numbers to estimate the total gas consumption of the transaction.

Therefore, in a transaction, the contract could buy a calculated amount of BCT tokens to have carbon-neutral transactions. The NFT projects created by Graphite DAO will utilize this method to let the users mint generative carbon-neutral NFTs.

Periodical Carbon Offsets

Graphite DAO will also have a carbon footprint from the following non exhaustive list:

  • Contract deployments
  • Website operations
  • Usage of Twitter and Discord
  • Contract operations
  • Failed user transactions

The DAO will estimate its carbon footprint every month and purchase a corresponding amount of BCT to compensate its carbon footprint. In the future, this could be done continuously with Superfluid.

Twitter

Discord

Suggest Edits