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The TreeDAO is a Distributed Autonomous Organization that Raises Funds, Buys Woodlands, and Sells NFTs representing partial ownership of the woodland. These NFTs are ideal gifts, durable, digital and unique. They will compete with gifts such as “Name a Star registry” and “adopt a zoo animal”.
The TreeDAO has raised 100 ETH in initial funding, and purchased 8.5 acres of woodland near Tisbury. The area we bought is part of a larger woodland known as Whitmarsh woods.
The process of raising funds is organised through a token called Tree Token, an ERC-20 token which is issued by TreeDAO and can be bought by investors, who then exchange it for NFTs after the forest is acquired and digitised. A key component to making the TreeDAO a success will be ensuring that investors who purchase TreeToken are able to exchange it for NFTrees and sell those NFTs for a profit, ensuring that the TreeDAO is able to continue raising funds and purchasing more woodlands.
