My guest today is Raghav Gupta, aka Cryptanosaurus - Founder
Chris: NovaDao brings in the genesis NFT collection Nova Deus. How did the team relate to the idea of the NovaDao?
Raghav: Our idea started off slightly differently. Initially we wanted to create a marketplace and use a percentage of earnings to create an incubation platform. But we soon realised that that splits our attention and both sides suffer. Thus we decided to focus our attention where we could bring most value. I strongly believe the whole concept of DaaS (DAO as a service) is just beginning and this is kind of like that (although not exactly). Everyone who is anyone is trying to make a marketplace but I believe the real use of DAOs is in providing new projects guidance and direction.
Chris: NovaDao wants to bring early opportunities to its investors. What kind of opportunities are we looking at here?
Raghav: These opportunities will be in all kinds of Web3 projects, from p2e games to defi protocols. We will look for good founders and interesting ideas without confining ourselves into a niche for now. Over time, we will also look at the DAO members to guide the direction of opportunities.
Chris: NovaDao allows whales for its NFT ownership. This implies that the prices are supported by the whales. Does it imply that new investors can also buy the NovaDao NFTs without any minting limit?
Raghav: Anyone can buy Nova Deus NFTs regardless of who they are but the great part is that you don’t need one of our NFTs to take advantage of the project. You can simply buy $NOVA from the open market and burn it on our platform in order to back a project and participate in returns.
There is a minting limit of 5 NFTs per wallet in order to strike a balance between unique holders and passionate supporters of the project!
Chris: Consequently, what is the expected price of each NFT?
Raghav: Each NFT is priced at 0.1E with 75% going to the treasury.
Chris: How does the NovaDao function? What are the benefits accrued to the investors as a result of minting NovaDao NFT?
Raghav: Nova Deus is our genesis collection; these NFTs are also the membership tokens for Nova DAO. Along with governance rights and $NOVA earning, these NFTs will also get a share of the commission taken by the project as well as shares of trading fees, royalties, etc.
Chris: How is each NFT different and unique? In other words, what do the NFTs represent? What are the key differentiating factors and traits?
Raghav: Each NFT is the same in utility (ie, each is one membership to the DAO) but they differ greatly in aesthetic. The entire collection is based off of 4-7 Gods from each mythology and is divided into 3 races: Masculum, Femina, Bestia. The first two have equal distribution while there’s only 50 pieces belonging to the Bestia race (inspired by animal gods such as Anubish, Ganesha etc). Along with this, the real variety is seen in the weapons. We have designed weapons both inspired by mythological legends as well as modern sci-fi. Finally, there’s some really interesting skins as well and some secret prizes for the rarest of traits!
Chris: The founders of NovaDao seek to solve people’s problems through the funds gathered from the sale of NovaDao NFT. What are the plans for utilization of these revenues?
Raghav: 75% of the mint revenues will go to the treasury, from this a majority will be used to back new projects while the rest will be used to set up a liquidity pool (trading fees are sent back to the treasury).
25% will be used to pay costs and for future expansion like assembling the the right team, building our platform etc.
Chris: Finally, what is the minting process of the NovaDao NFT? Please state in simple words
Raghav: Join our discord for chances to get on our Pre-Sale list or try out in the public sale on our website!
Nova Deus NFTs will be on the ETH blockchain.
