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Kift (formerly Kibbo) Updates
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May 3
2022

Kift DAO Launch and NFT Collection

Hey Everyone!

It’s finally happening: we’re launching our DAO and collection of NFTs! In this update, I’ll let you know what it means for your investment, how you can help make it a massive success, and how you can get your hands on one of our ultra-rare NFTs.

Based on web3 technologies, the DAO enables collective decision making and builds on the crowdfunding we found so successful in Republic. We’re ready to start purchasing real estate together, enabling community members to make decisions and take ownership of growing the community and spreading the culture.

To accomplish this, we’re launching Kiftdao.xyz. I encourage you to sign up for our Allowlist ASAP (it’s limited to 2,000 people and expected to fill up quickly) to get your hands on a randomly selected, unique NFT. Limited to 10,000 NFTs, each artwork depicts a unique "Kiftable" - campers that are inspired by the classic and unique vehicles that capture the imagination, and we think, are the foundation for a geo-distributed city.

Starting with an Alpha Project in 2022, the treasury from the NFT sale will go towards funding community and real estate development. Each NFT will serve as an initial membership and governance token for the DAO with a vote on which real estate opportunities to pursue – and a 50% discount on membership. On the table are hundreds of stunning locations sourced by the community, including some potential large-scale developments. NFT holders also get access to special membership opportunities and events. 

From communally buying properties to onboarding members as core contributors, Kift DAO provides an entirely new set of tools and methods to help achieve Kift’s mission.

Your investment in Kift has not changed. We see Kift DAO as the perfect complement to drive membership and accessible properties for Kift Inc. Having a successful Kift DAO launch will be key to maximizing potential of Kift Inc, so your help as an investor is critical.

What you can do to get involved:

  1. Join our Allowlist (you’ll need a crypto wallet).

  2. Join our Discord, jump in and introduce yourself and stay in the loop on the NFT mint and everything Kift. 

  3. Follow our newly-launched Twitter account (likes, retweets, mentions are always appreciated and really help). This will be the source of all our web3 updates moving forward, so establishing our community there will be super helpful.

We’re excited to welcome you into our community in a deeper way than ever before and look forward to collaborating together soon!

Please email me with any questions you may have!

Cam

Profile picture of Cam Lindsay
Cam Lindsay
Kift (formerly Kibbo)
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Comments (11)
The comment you're trying to see no longer exists.
Profile picture of Andres Covarrubias Vargas
Andres Covarrubias Vargas
almost 3 years ago
Hello any updates?
0 Like Reply
Profile picture of Robert Prim
Robert Prim @andres-covarrubias-vargas Company shut down per the discord.
Almost 3 years ago
0 Like
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Almost 3 years ago
Profile picture of Andres Covarrubias Vargas
Andres Covarrubias Vargas @robert-prim Discord has some recent messages, just checked
Almost 3 years ago
0 Like
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Almost 3 years ago
Profile picture of Robert Prim
Robert Prim @andres-covarrubias-vargas colin-odonnell.medium.com/the-kift-journey-continues-288517cc4eb0 blog post has more details
The Kift Journey Continues
Three years after launching Kift, and explorations in dynamic communal living... Read more »
Medium Medium · Colin O'Donnell
Almost 3 years ago
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Almost 3 years ago
Profile picture of MOHAMMED SYED
MOHAMMED SYED
3 years ago
@cam-lindsay It would be great to get quarterly updates.
0 Like Reply
Profile picture of Jamaal Montasser
Jamaal Montasser
4 years ago
Cam, would you mind answering the question I asked as the first comment on this thread?
0 Like Reply
Profile picture of Cam Lindsay
Cam Lindsay @jamaal-montasser Hey Jamal, happy to dive into this. We have switched our membership around since our Republic round (we no longer offer the Base level of membership that we had during the Republic round), but the $5k donation gives you access to a full annual membership. If you’d like to activate your membership benefit, please reach out to Lauren (lauren@kift.com) for a membership interview, and we’ll be happy to get you set up!
4 years ago
1 like
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4 years ago
Profile picture of Lauren Nicholl
Lauren Nicholl Come on through Jamaal! No need for the membership interview as you've already gone through that. Just shoot me an email if/when you're ready to jump in. We have a summer caravan coming up and accepting a limited number of annual members this summer!
4 years ago
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4 years ago
Profile picture of Ryan Buckley
Ryan Buckley
4 years ago
Are people not buying your vans? Trying to understand why you’d pivot to scamming people with NFTs
3 likes Reply
Profile picture of Cam Lindsay
Cam Lindsay @ryan-buckley-3 Ryan - thanks for your concern. Our van rental marketplace and van sales program are both doing well. That said, Kift’s main product is an authentic community where our members feel belonging, and they want to help grow it. Our homes and the vans facilitate the community experience, but they are merely a piece of our ecosystem. To expand the ecosystem, an engaged community with ownership in decision-making is important, and the NFTs will serve as a governance token for anyone interested in participating via submitting proposals and voting on decisions re: Kift’s roadmap. Our NFT collection is not a pivot, it is merely another step in growing the engaged community that we’ve built to date.
4 years ago
1 like
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4 years ago
Profile picture of Ryan Buckley
Ryan Buckley @cam-lindsay Ok, cool. That sounds pretty good actually. I appreciate you taking the time to respond.
4 years ago
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4 years ago
Profile picture of Antonio Dongu
Antonio Dongu
4 years ago
I see that not every investor understands the potential behind this new approach.
That is an extra reason to be excited for this news! Blockchain and NFT applied to real world services is a big thing.
2 likes Reply
Profile picture of Justin Pierce
Justin Pierce @antonio-dongu some investors understand web3 more than web3 evangelists seem to. moxie.org/2022/01/07/web3-first-impressions.html
4 years ago
1 like
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4 years ago
Profile picture of Sam A
Sam A
4 years ago
"NFT Sales Are Flatlining"
wsj.com/articles/nft-sales-are-flatlining-11651552616
NFT Sales Are Flatlining

The NFT market is collapsing. The sale of nonfungible tokens, or NFTs, fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September, according to the data website NonFungible.

Medium WSJ · Paul Vigna
3 likes Reply
Profile picture of Ryan Buckley
Ryan Buckley @antonio-dongu It’s Wall Street journal
4 years ago
1 like
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4 years ago
Profile picture of Ryan Buckley
Ryan Buckley @sam-ault Yeah timing seems bad
4 years ago
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4 years ago
Profile picture of Cam Lindsay
Cam Lindsay @sam-ault Thanks for sharing! The article cited seems a bit uninformed in our opinion. Its focus on certain cherry-picked NFTs overlooks the cultural changes happening in the art space, and the rise of the ownership economy/web3. NFT sales volume has risen from next to nothing in recent years to tens of millions in daily sales volume in 2021-2022. The market is early, and with platforms such as Instagram and Twitter embracing NFT PFPs, the market is due for further adoption and expansion.
4 years ago
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4 years ago
Profile picture of Takashi Sengoku
Takashi Sengoku
4 years ago
Would you please elaborate your big roadmap?
1 like Reply
Profile picture of Billy Jalbert
Billy Jalbert
4 years ago
Unless I missed something in the offering, this appears to be a pretty big pivot / shift. I'd like to understand how it impacts earlier investors.
6 likes Reply
Profile picture of Cam Lindsay
Cam Lindsay Hi Billy, thanks for your question.

We have the same business model and the same projections. We see this as de-risking the model and driving scalability: the community will fund and control the real estate via Kift DAO, and Kift won't be dependent on third-party landlords.
4 years ago
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4 years ago
Profile picture of Francesco Baraldi
Francesco Baraldi
4 years ago
I'm not going to invest on anything built on the Ethereum blockchain technology.
1 like Reply
Profile picture of Cam Lindsay
Cam Lindsay @francesco-baraldi Hi Francesco, thank you for this comment.

Investment/participation in Kift does not require investing in Ethereum. Kift Inc is standalone from KiftDAO. Would love to understand where you're coming from regarding the Ethereum chain to help address this comment further.
4 years ago
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4 years ago
Profile picture of Francesco Baraldi
Francesco Baraldi @cam-lindsay Hello Cam, I understand the difference between Kift Inc and KiftDAO and I'd be interested in supporting also the second project because I'm really involved in the DeFi ecosystems with investment amounts that are bigger than mine on Republic. Simply I don't believe in the Ethereum technology: the fees are high and unpredictable, it's unstable, slow and unsecure due to its front running issues. I think that Algorand or Solana are better options. Ethereum was simply the first but in my opinion is simply crap. Please get more advice from blockchain experts and I'm sure they will agree with me.
4 years ago
0 Like
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4 years ago
Profile picture of Chris Carmichael
Chris Carmichael
4 years ago
Hey, uh.. Question. Who owns the real estate that's being developed by the DAO? As early investors/shareholders in the company, we were made to believe that we were getting ownership in all of this. Why not raise traditional money so that your earliest investors get the upside in something as big as this? Pardon me if I'm not understanding correctly.
6 likes Reply
Profile picture of Cam Lindsay
Cam Lindsay @chris-carmichael-1 Hi Chris, thanks for this question.

The DAO will own the real estate. We have always believed that returns we modeled in our republic raise would come from an asset light marketplace (Kift Inc) rather than a capital intensive real estate development model (KiftDAO).

How we described the business model during the raise and still believe to be the case: "Kibbo is an asset-light van life marketplace and community. We connect members to one another and to a curated marketplace of camper vans, clubhouses, on-site resources, and programming."

We think enabling real estate development through Kift DAO will allow Kift to focus on the high margin/low capex business.

Thank you for your early support and please feel free to come join us in the Discord to get an on-the-ground sense of what we're building.
4 years ago
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4 years ago
Profile picture of Jamaal Montasser
Jamaal Montasser
4 years ago
Cam, thanks for the update. Was there any follow-through on the perks for some of the larger investments with Kift? For example, those that invested $5,000 were offered a year-long membership.
2 likes Reply
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