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The first proposed DAO.

The first proposed decentralized autonomous organization that was done within the Mongol NFT community was during the Spring Feast. During this investment opportunity, the community themselves are given the chance to vote every week on whether or not to sell their collectively owned assets, in this case, the Bored Ape, Mutant Ape, and Kennel Clubs. This means that the community themselves will decide on whether or not to sell and hold all decision-making power over their assets. The first DAO implementation happened when the community recently decided to sell the community purchased Bored Ape when it reached a 70% profit margin. This decision was made when the communities decision surpassed 51%. 

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