Formosa Art Bank DAO (FAB DAO)

FAB DAO, also known as Formosa Art Bank DAO, is a self-governing organization for charity NFTs since 2021. The largest charity NFT fundraising project in Taiwan, the "Project Percentage, %", brought together cross-disciplinary organizations and individuals to create a new system and style in Taiwan NFT market that combines the theme of charity, art and culture.

https://opensea.io/collection/projectpercentage

FAB DAO focuses on minting and selling non-profit NFTs, creating artist and collector communities, building blockchain experiences and designing blockchain education for the public. With goodness and eternity as our starting point, we are building a connected Web3 metaverse. We will apply the good features of blockchain to take the real actions in the real world.

Background

As FAB DAO became formally DAO in April 2023, the core team handed over the management of FAB DAO to the communities. Different initiatives and ideas were raised and discussed within FAB DAO.

At the same time, Public Goods ecosystems grew under the support of Gitcoin and other organizations. As one of the pioneers in Public Goods, GreenPill would like to share its experience and develop local chapters for different cities over the world.

When two communities connected with each other, the idea of Taiwan Chapter was born.

Mission & Vision, Value alignment

Green Sofa aligns with the mission and vision of GreenPill, which is to build a global network society transcending national and cultural boundaries, while exporting regenerative digital infrastructure to the world. 

As one team under FAB DAO, Green Sofa aims to explore the possiblity of collaboration wtih GreenPill international and FAB DAO. It is a school for FAB DAO learning from GreenPill about Public Goods, e.g. QF/QV, Gitcoin Grants Stack. It is also a laboratory for FAB DAO to apply the knowledge, kick off hands-on projects in smaller scale, to gain local experiences and feedback to FAB DAO and GreenPill.

Critical success factors

1. Increase awareness of the GreenPill and look for collaboration opportunity with FAB DAO
2. Learn and apply GreenPill related tools and knowledge to support FAB DAO development, e.g. QF/QV, Gitcoin Grants Stack, Hypercert.
3. Act as the communication channel between FAB DAO and GreenPill International and other local chapters.

Summary of previous work in 2023

1. Establish Green Sofa team under the structure of FAB DAO on 13 Sep 2023 https://x.com/GreenSofa_TW/status/1724018034275393878?s=20

2. By participating in the GreenPill round during GG19, we used the funding on

   • Initiate the follow-up project with “Grant is Great!” local QF round including 11 projects https://hackmd.io/g53iKGlxRWaVaLEnL4OkFA

   • Support GreenPill Japan due to Japan earthquake - 0.09 ETH https://x.com/GreenSofa_TW/status/1743773826364969072?s=20

3. FAB DAO participated in previous GG18 Web3 community and educational round and Global Chinese Community round. The combined matching funds is 1369.6 DAI. The funding is used to launch a local QF round, name as “Grant is Great!”.

We had

• 32 individuals participated in donating;
• direct donation sum of $93.57 across 166 donations
• 13 communities and individual contributors in Public Goods sign up;
• here is a recap: https://mirror.xyz/mashbean.eth/KCq0spYlJ20Vle3Z_-qMucGt_oOsDovNNfcCd-Nad9M

4. QV project with 100 xtz on Tezos NFT collection from September - November 2023 https://discord.com/channels/909473182598193272/1145697520148824075/1176763710509948939

Roadmap in 2024

1. Weekly Web meeting with FAB DAO Discord - GreenSofa channel
2. Regular update with GreenPill.network
3. Follow up “Grant is Great!” QF round on 2023 by survey and 1 on 1 discussion on Q1 2024

Achievement in 2024

Jan GIVETH approved Green Sofa

https://giveth.io/project/greensofa-greenpill-taiwan

AMA together with GreenPill Phangan on Regen Infrastructure: on the way to QF. Talk with GreenPill Taiwan https://x.com/GreenPillKPG/status/1751048683343454443?s=20

Support Japan earthquake relief fund by GreenPill Japan - 0.09 ETH https://x.com/GreenSofa_TW/status/1743773826364969072?s=20

Members

Green Sofa co-ordinator and core team: stanleyleo 0x3DB6B5908cA5bC2b3a302980ab299C1139BbB699 denkeni 0x255f7D91B2ddDAbBe044C64840460A1B7285ad5F shift_the_space_web3museum 0xB2206f941A5206B55BFA33E665687523A8bcEd80

Members: frank_hu 0x5fD15ef419c907717362fA82B8C364a3959f2BAc mashbean 0xab51AD23d222fD0afB4e29F3244402af9aa3C420 yii___ 0x2c5f6ac6bE2E5A25fFc667984088E7b979f52267 mossew 0x5d3f7C09c0132C2c5A78ec2E654b9068f5550954 resadhuang 0xC40dd2e85459e841021DD84F550645901aA337F9 javaing 0x7fF3c36212F5B10846B7A2569b7b8a822a900050 gimmychang danny.blockdworld haoenvski xtzfusion toybank_sw