Image: Spice DAO
The cryptocurrency collective built around a copy of Alejandro Jodorowsky’s Dune script bible will no longer be a collective and is trying to sell its Dune bible.
Spice DAO (short for decentralized autonomous organization) recently began “Redemption Phase One,” a fundamental shift in its direction. After a series of setbacks in an ambitious plan for a crypto-powered media studio, the group is letting people who hold its $SPICE token cash out by withdrawing their money from the group’s treasury. It will change its name to “Spice Club,” a “members only group” instead of a body with a formal voting structure. And it will cut its upkeep expenses to the bare minimum, a process that includes handing off the fragile and valuable book that inspired its creation.
“Really wish this worked out better”
Members who hold $SPICE might earn returns from the Spice Club’s remaining initiatives. The group hopes to make money from the sale of the book and a non-fungible token (NFT)...
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