---
# System prepended metadata

title: Mystic Whales <> Whale Street Call 12-2-21
tags: [Whale Street]

---

###### tags: `Whale Street`

# Mystic Whales <> Whale Street Call 12-2-21



## Objectives 
**WhaleStreet in Q1/Q2 2022**
- Build out a team for WhaleStreet to execute the DAO's vision & roadmap
- Help WhaleStreet move into a Substrate parachain (main chain on ETH)

**Metapurse**
Past 1-2 years have been experimentation with a small group of people. Now, it's time to grow operational support to: 
- Showcase acquired NFTs
- Manage/nurture accounts of invested companies / 200 partnered artists in Dreamverse
- Help Metapurse fulfil their role in WhaleStreet DAO
- Launch new projects 

## Discussion 
**What is the right structure for Metapurse?**
- Decentralised way to launch projects within a bigger organism 
    - Amazon: Startups within a big company 
    - Consensus: Nodes with developers & BD 
- There will be some shared resources across different 'business units', as well as individual resources
- Platform & tooling: Sobol.io (with MetaFactory)

**What does Mystic Whales provide?** 
- Token design, sales & liquidity provision 
- Governance design 

## Next Steps
- Align on objectives & rescope Project Charter
    - WhaleStreet: [Needs](https://docs.google.com/spreadsheets/d/18M8PSdRDqUMTGCLOiBGG-qHXHkzZiUfviqbuyguiKMI/edit) are clearly defined - ready to rescope Project Charter
    - Metapurse: No clear goals yet - need to do an exploratory audit

---
### Jeremy's notes
---

WS pitched multiyear vision partnership with MW

Long term partnership with MW team to help with various elements

MW dive-in and explore what the needs and expectations are and how we can stage them to form a new project charter.


### Vii @ WS
Vii has very clear idea on exactly what is needed with WS.

**Questions:**
- ??

**Governance & Token Mechanics**
- DeFi keyholder execute part of the proposals - executive portal

**Needs:**
- A lot of elements need human resources
- DAO/Community ops
- Templatize project scaling processes - have a plan for when smaller intiatives take a life of their own.
- get real world feedback
- pure conversations with artist, those are the sort of conversations and perspectives we will gain.

**Roadmap:**
A lot in pipeline, started preparing roadmap
- evolving into an open public DAO 
- NFTs on polkadot - moving into a substrate chain - parachain - a whole new way to look at NFTs
- Keep experimenting with different chains - ETH capital city




### TWO  @ metapurse
year and half of intense experimentation - some experiments sprouted limbs , hard to igrnore - 3 -4 people max per experiment. Have clarity on first pressing needs and then figure out what is required going forward - this will be the start and build on it.



**Questions:**
- ??


**Governance & Token Mechanics**
- collect and acquire NFTS invest in NFT enterprises
- Overlap into whale street - responsibilities as members of that DAO

**Needs:**
- need more support for community, operations, comms.
- we havent take stock and figure out how to showcase them (NFT)
- DAO Ops - We havent nurtured the relationships in the DAO
- help bring all under the same umbrella and move the needle across the board
- Figure out a model that works - will take a hybrid approach, combination of program and portfolio management
- Decidated services for each program - individuals for each program
- community and communication in dreamverse
- Create a system diagram - with goals under each of those.
- Need to ge started on roadmap

**Roadmap:**
- We have close to 200 artists - and big operation expense and effort goes into it - led by brooke
- substrate ecoystem
- 2-3 passion projects picked up
- Figure out a model that works - will take a hybrid approach, combination of program and portfolio management



### Sydney

**Organizational structure**
- optioon 1 amazon - aws services amazon prime music, video - teams operate as own startup with devs.
- little nodes each idea is broken down in devs and bd - consensus is financial services - what is the right structure to launch all diff projects?
- Similar to how you launch satelites - sounds like the various project are correlated but not dependent on one another.

**If we are coming together in partnership - what is best operational aopproach, not being just warm bodies?**

- We will show how to best optimize.
- Do a full audit, recognize the first initiaitves and set the roadmap
- Partnership will be multiyear



### Will

**How to manage WS projects**
- 3 tiers of project management - single project, a group of projects (program management) - several groups of projects (portfolio management)
- Good DAO tool - Sobol.io
    - Helps collaborate on modeling/designing/organizing

### Yalor 

**Project Charter:**
- need reworking of structure of original arrangement, where we can slot in with your working team
- sydney / will - expand scope and bring back for review
    - get more cohesive relationship
- some early discussions with metapurse team will be helpful to visualize the work.
- Can work next 10 days - off 2 weeks

## Tim ellis - metajax

**Supportive words:**
- pitri dish - building  product dev / selling NFTs on whalestreet
- wilfully dependent on WS and metapurse



---

# Project Charter V4

``` SL - 12/19/2021 ```

Whale Street [[Folder]](https://drive.google.com/drive/folders/1nCVu7VkG8dYgutPsZUBDaPPQ4S47n4an)

---

## Partnership Structure

Mystic Whales is "launch partner" for WhaleStreet initiatives. 

WhaleStreet is like an VC incubator and Mystic Whales operates as an operational investment bank taking DAOs to market.  


## Proccess Template

```
Step 1: MONTHLY IDEA REVIEW
Step 2: IDEAS STACK RANKED
Step 3: DUE DILIGENCE
Step 4: SCOPE SUBMITTED
Step 5: FUNDING ISSUED
Step 6: TEAM FORMATION
Step 7: THREE (3) MONTH ROADMAP
Step 8: TWO (2) REVISIONS
Step 9: QA TEST
Step 10: LAUNCH
```


### Step 1: MONTHLY IDEA REVIEW

### Step 2: IDEAS STACK RANKED

Substrate Launch
NFTs on Polkadot
NFT Investment DAO
Top name creators, artists, musicians, filmmakers
Wallet of the MetaVerse
Creating leasing rights, and tenants of CV parcels
Land rights of NFT's
Building a shopping mall on the meta verse land
Parachains for MetaVerse
Bringing mainstream to NFT, not NFT to mainstream
Developer Onboarding
On-chain productions, rights, generative arts, using starkware
1 front end, 1 backend. For Polkadot, Generative Arts on startware
Gen arts auctions happen every 2_4 hours, from 10 artists, you purchase blank canvas that generates according to your timeline. Birthday, DAO launch. etc etc
Parliament lives on ETH Mainnet, merchantain cities live on side chains
LST holder's get dropped rights to chain fees for future parachain.
Focus on building the future, not fixing the past.

### Step 3: DUE DILIGENCE

Scale Process
Community Ops, Community-led incentive design
Treasury maintains the master copies of works

### Step 4: SCOPE SUBMITTED

### Step 5: FUNDING ISSUED

### Step 6: TEAM FORMATION

### Step 7: THREE (3) MONTH ROADMAP

1. DAO governance
    1. Membership token minted
    1. DAO Members onboarded
    1. Community Handbook

### Step 8: TWO (2) REVISIONS

### Step 9: QA TEST

### Step 10: LAUNCH



---




## WhaleStreet Current

1. DAO governance
    1. Membership token minted
    1. DAO Members onboarded
    1. Community Handbook

## WhaleStreet Requested
1. Help WhaleStreet move into a Substrate parachain, NFTs on polkadot
1. Scale Process
1. Community Ops, Community-led incentive design
1. DAOs collect and acquire NFTS invest in NFT enterprises

## Metapurse

- Showcase acquired NFTs
- Manage/nurture accounts of invested companies / 200 partnered artists in Dreamverse
- Help Metapurse fulfil their role in WhaleStreet DAO
- Launch new projects 

