Digital artwork will ‘age like fine wine’: Inside Flamingo DAO’s 9-figure NFT collection

Explore the most recent tendencies within the Altcoin house. This article dives into: “Digital art will ‘age like fine wine’: Inside Flamingo DAO’s 9-figure NFT collection”.

It’s been referred to as essentially the most highly effective collector DAO in NFTs and the numbers again it up. Flamingo DAO, a collective of crypto-native artwork lovers, buyers, technologists and founders, has quietly amassed one of the vital formidable NFT portfolios on the planet, which even immediately is value properly above 9 figures.

Despite its comparatively low public profile, Flamingo’s has been extremely influential since launching in 2020.

“We launched with support from Tribute Labs (formerly called OpenLaw) at a time when ETH traded near $350, ‘DeFi Summer’ dominated the headlines, and NFTs remained a fringe pursuit,” says Flamingo spokesperson and member Chris Cable. “That underserved corner of the market felt like the right place for a new experiment in collaborative capital deployment.”

The thought was sparked by members of The LAO, the primary crypto-native funding DAO, who had just lately backed SuperRare. Their conviction that digital artwork deserved its personal construction led to Flamingo’s formation, formally opening in September 2020 to members. 

Flamingo’s first NFT acquisition was some parcels of land within the pioneering metaverse venture Somnium Space. Its collection has now grown to 10,000+ NFTs, a museum-worthy treasure chest of generative artwork, historic items corresponding to CryptoPunks and AI artwork.

The DAO’s identify is not any accident both, “Flamingos thrive in large, cooperative colonies, and their pink color comes from what they take in — prawns and shrimp. In the same way, our collective gathers together, stays in sync and lets the culture we absorb tint everything we create. Flamingos make a fitting emblem for us,” Cable says.

FLAMINGO DAO brand

High-profile members of the DAO embrace entrepreneur and creator of VeeFriends, Gary Vaynerchuk, Art Blocks founder Snowfro, prolific collector and NFT creator j1mmy.eth, enterprise investor Derek Edwards, Flamingo & The LAO co-founder Aaron Wright, Aave founder Stani Kulechov, Tribute Labs ops lead Priyanka Desai and Cable himself.

“It’s this mix of pioneering artists, top-tier funds, technologists, and enthusiasts that makes Flamingo really special. We’ve got people who were there in the early days of Ethereum, folks who might not otherwise cross paths, coming together in this DAO structure. It’s the secret sauce,” says Cable.

“There are deep friendships, new ventures, and a shared love of NFTs and crypto that ties it all together. We’ve managed to create something really special.”

A number of Chromie Squiggles owned by Flamingo DAO

The crown jewels of crypto artwork – Inside Flamingo DAO’s vault

The collection of Flamingo DAO is iconic and boasts great cultural significance. Its holdings mirror a deep conviction in digital artwork’s long-term worth and a collector’s eye for traditionally vital belongings.

At the height of NFT mania, its collection was estimated at round $1 billion. But valuing its collection is troublesome as a result of it accommodates so many distinctive and one-of-one units and items. According to the location NFT valuations, Flamingo’s major wallet present holdings are value in extra 23,300 ETH, or round $61 million USD, however this omits its Alien CryptoPunk #2890, which is well the DAO’s most useful single piece, with a comparable Alien Punk at the moment listed at 5,000 ETH (~$13.1mil). There are additionally a number of personal wallets, together with an in depth one-of-one collection that poses challenges for NFT valuation platforms.

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Flamingo likes to go heavy into what they describe as “networked collections,” possessing massive portions of CryptoPunks, Chromie Squiggles, Terraforms by Mathcastles, Ringers, Meebits, Memories of Qilin and Autoglyphs.

Alien CryptoPunk Sale from the CryptoPunk Bot

Among its crown jewels is a full attribute set of CryptoPunks and a full Autoglyphs set — each groundbreaking initiatives from NFT pioneer Larva Labs.

“We hold the only full attribute set of CryptoPunks in existence, as well as a full Autoglyphs set. We love the Larva Labs team and are very friendly with Matt and John.”  

“We attempted to get a full Meebits set but quickly realized that there are too many Meebit attributes to make that feasible. Although a fun fact is that the triple snout pig Meebit – a 1:1 in the collection is owned by a Flamingo member individually, so maybe if we REALLY wanted to make it happen in the future, we could.”

Inside Flamingo DAO’s Vault: Key Holdings 

230 x CryptoPunks (together with an Alien and Zombie Punk)

301 x Chromie Squiggles by Snowfro 

15 x Autoglyphs by Larva Labs 

24 x Ringers by Dmitri Cherniak

6 x Fidenzas by Tyler Hobbs

372 x Meebits by Larva Labs

304 x Terraforms by Mathcastles 

12 x Gazers by Matt Kane 

46 x Anticyclones by William Mapan 

12 x Grifters by XCOPY 

29 x Memories of Qilin by Emily Xie 

18 x Meridian by Matt DesLauriers

8 x Winds of Yawanawa by Yawanawa and Refik Anadol

15 x beef brothko by die with essentially the most likes

11 x Themes and Variations by Vera Molnár, in collaboration with Martin Grasser 

grift mornin’ tweet by Flamingo DAO

A hive thoughts with conviction – How Flamingo DAO collects digital tradition

Flamingo DAO’s strategy to amassing isn’t pushed by hype or hypothesis; it’s an evolving thesis rooted in conviction, hive thoughts collaboration and a way of cultural foresight.

“We struggle to define it with a single sentence,” Cable admits. “But if I were to take a stab, I’d say our guiding idea is to build a time capsule of milestone works in networked digital art pieces that pushed the medium forward and will still matter when today’s hype cycles are long forgotten.”

This philosophy has formed Flamingo’s eclectic but intentional portfolio. From foundational collections like CryptoPunks and Autoglyphs to early bets on AI-generated artwork like Lost Robbies, Flamingo has a for much longer time horizon than the usual dopamine-charged NFT flipper. The DAO could be very intentional with its evaluation on the NFT market; figuring out seminal collections, recognizing rising artists and subcategories, and performing earlier than alternative slips by means of their fingers.

“We’re not just chasing blue chips — we’ve actually very rarely bought any really really expensive assets unless we have huge conviction on a networked collection. The biggest acquisition we made was the Alien Punk. We already had huge conviction on Punks, and we wanted to solidify that before it ran away from us. In terms of 1-of-1s, we’ve commissioned and bought a number of those but only with artists we have deep conviction in,” Cable says.

“We much prefer being early; that’s why we have over 10,000 NFTs. On average, the price of many of them is much lower than many would have thought. We’ve been very fortunate to have been early to a bunch of trends.”

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Underpinning all of it is Flamingo’s signature “hive mind” mentality. The DAO leans on the decentralized experience of its 70+ members, every with deep information in area of interest areas from generative artwork to AI to 1-of-1s to moments and people that form tradition. 

Decision-making is fluid and trust-based. Any member can deploy as much as 5 ETH with out prior approval, whereas bigger purchases are fast-tracked by means of “emoji voting” within the Flamingo Discord channel. There’s a collective belief amongst its members that’s extremely prevalent. That belief has yielded some massive wins.

“One member minted Bored Apes using that 5 ETH threshold just because they liked the look of them. That one decision ended up being massively profitable for the DAO,” Cable recollects. 

While Flamingo places lots of conviction in main collections, it actively helps rising artists like “die with the most likes” and sometimes leans into the sides of tradition.

“We prefer being early. It’s typical venture logic. Most things won’t pan out, but the ones that do can shape history.”

Aaron Wright tweet – October 2020

Why Flamingo DAO stays bullish on NFTs – Culture, code, and the lengthy recreation

While the broader market has cooled and sentiment has softened, Flamingo DAO’s conviction in NFTs stays as sturdy as ever. To its members, NFTs signify way over speculative belongings; they’re digital constructing blocks for the following period of tradition.

“Technology has always been humanity’s favourite sandbox. Before NFTs, crypto was mostly a cypherpunk meets Wall Street corner which was very disruptive, but largely code and capital with a narrow culture. NFTs flipped that script. Suddenly the blockchain wasn’t just a database; it was a blank canvas where code, art, and ownership could merge.”  

That cultural collision is what initially drew Flamingo in, watching tradition and crypto collide in actual time.

“What keeps us here is the constant reinvention. Artists and collectors are still stretching the medium. For example, artists are turning smart contracts into dynamic sculptures and metadata into living stories. NFTs let creativity move at internet speed while preserving authenticity forever onchain. That fusion of experimentation, community, and permanence is simply too exciting to walk away from.”

Even by means of the tough bear market of the again half of 2022 and past, Flamingo stays unfazed. The thesis is easy: the world is simply changing into extra digital, and tradition, as soon as inconceivable to monetize in digital areas, is lastly discovering its financial kind.

“Digital culture hasn’t been able to be properly monetized despite its critical importance in the modern age. In the same way that many famous traditional works of art at the time of their conception weren’t properly recognized, it was only over long stretches of time that they cemented themselves as being important cultural artefacts. NFTs will be no different, and many within our collection will age like fine wine.”

Cable added, “Most will be caught off guard, even those already here. They’re still thinking in terms of collectibles rather than cultural preservation and historic artifacts. Culture is upstream of everything. We are long-term oriented, and our collection and ethos reflect it.”

Autoglyph #122 – owned by Flamingo DAO

Autoglyph #305 – owned by Flamingo DAO

Autoglyph #29 – owned by Flamingo DAO

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Rapid Fire Q&A with Chris Cable

Who inside Flamingo DAO are good follows on Twitter (X) and for high-quality NFT content material normally?

Chris F is a superb observe. You’ll should put up with lots of his baseball chat however he has some bangers and has been spot on to a bunch of actually vital tendencies.

Derek Edwards additionally. Derek is salt of the earth and actually beautiful. I might additionally shout out a podcast referred to as “Net Society” that Aaron Wright, Pri, Chris F and Derek all characteristic on.

If you can solely maintain three collections from your entire Flamingo portfolio, which three collections would almost definitely have consensus? 

It’s exhausting. I believe that our full Autoglyphs set could be one. Then our CryptoPunk collection. Lastly, in all probability our Art Blocks collection. It’s simply unbelievable. We have an enormous breadth of Art Blocks and largely that’s due to Snowfro being the DAO as properly however there’s simply so many inside Flamingo which are full-blown generative artwork nerds.

Everyone actually loves it and it’s simply been an enormous ardour for thus many people. It’s actually bonded so many individuals inside the DAO as properly, so the truth that Snowfro is in it, it was a very particular time when all of that was occurring.

Are there any 1-of-1 items that Flamingo holds expensive to their coronary heart? 

We commissioned a bunch of 1-of-1s fairly early. The one we did with Joe Pease involves thoughts. 

We even have a Beeple, it’s not 1-of-1, we by no means received him to do a kind of, however the “Everyday: Group Effort” options just a few completely different Flamingo members, so while it’s a 1 of 100 that was a cool piece that now we have just a few of.

Are there 2-3 artists or organizations that Flamingo has collected in latest instances which have generated lots of enthusiasm inside the DAO?

1 – die with essentially the most likes

We love die with essentially the most likes. We assume he’s nice. 

2 – Fellowship 

Fellowship continues to ship nice stuff. 

3 – Holly Herndon 

We actually like Holly Herndon. She’s a bit bit older, however there’s just a few individuals inside the AI artwork world which I simply don’t assume have actually caught up but. In phrases of worth, I believe that AI artwork remains to be underpriced.

Chris, what are a few of your private favourite NFTs within the Flamingo collection?

I really like a lot of our 1-of-1s like this from Joe Pease. Also like a bunch of our commissioned works from Nicolas Sasson, in addition to having a comfortable spot for our Grant Yun commissioned work because it highlights the ‘remix’ tradition that I like to see in our house.

Grant Yun fee piece by Flamingo DAO

Lastly, I really like our Boomer Skelly Meebit. Purchasing him and the quotes round it (featured beneath) are emblematic of the enjoyable now we have within the DAO. 

Meebit Skelly dialogue within the Flamingo DAO discord

How does Flamingo strategy rising classes like AI artwork or generative artwork?

We are extremely enthusiastic about each of these subcategories and have intensive collections inside each. Generally, when a brand new subcategory emerges inside the house, we need to dig in shortly and purchase early items and get acquainted with the artists. This was very a lot the case in each generative artwork and AI artwork, and likewise images, which by no means actually took off in the identical manner.

Are there particular sectors inside NFTs that Flamingo is very enthusiastic about proper now?

We proceed to actually like AI artwork — platforms like Verse and Fellowship are doing wonderful work and showcasing some phenomenal artwork. It’s in all probability the sector that we’ve been most energetic in just lately. We additionally like supporting artists whom we’ve supported traditionally if they’ve new networked items coming to market.

LINKS: 

Flamingo DAO web site collection show 

Flamingo DAO show on Gallery 

Flamingo DAO major wallet 

X (Twitter) account 

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Greg Oakford

Greg Oakford is the Head of Partnerships for Swyftx and the Community Lead for Australian crypto & web3 group Upside. He is an avid NFT collector and the co-founder of NFT Fest Australia. Prior to crypto, Greg was a advertising and sponsorship specialist within the sports activities business engaged on skilled occasions.

Follow the creator @GregOakford

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