There were three notable events this week in the governance we covered. The first was the exceptional level of participation in Forgotten Runes Wizard Cult (FRWC). We have noticed a trend of 10k NFT projects attempting to pivot themselves to a DAO model. Sadly, in our opinion, many of these are an effort to raise the floor price of their NFTs, and we are skeptical of their long-term viability. However, FRWC seems to have bucked this trend.
