Overview
We propose a partnership where The Haberdashery invests 69,420 USDC in exchange for 50% of the secondary royalties from the Lucky Ghouls mint as well as whitelisting Haberdasher holders for free mints in a 48 hour pre-sale. Based Ghouls is a 2022 NFT PFP project that traces its roots to 2020 DeFi summer, and has a lot of lore and culture built around that era. Going forward they’ve developed the Ghouls as its own subculture within crypto, which several Haberdasher DAO members frequent. Lucky Ghouls is the first official sequel project from the Based Ghouls team on Base L2 - designed as something of a crossover themed project featuring the Degen Haberdashers. The devoutly ghoulish sgt_slaughtermelon (The DH artist) partnered with core Ghoul team members to create the new set of Lucky Ghouls (wif hats!) with a fun front-end experience being developed by pfeffunit (co-creator of Workstation95.xyz, iamnotgoodatcomputer.com). The NFTs will be .02 to mint for the public, .01 for partner communities, and free for Haberdashers. Total supply is 2,777 and royalties are set at 6.9% (where enforceable). There is also a unique mint mechanic where minting triggers a slot machine pull to possibly win some $DEGEN (from a prize pool of 100k $DEGEN) which has been donated by Jacek, who is himself hyped for the collection.
Benefits
Proven Track Record: Based Ghouls has seen $400k in volume on Ethereum, signaling strong market interest. Lucky Ghouls inherits this demand, with expectations for strong secondary sales on the new base chain.
New Base Chain Expansion: By moving to a new base chain, Lucky Ghouls offers lower transaction costs and a fresh ecosystem, creating a unique opportunity for increased market penetration.
Alignment with The Haberdashery: This partnership aligns with The Haberdashery’s luxury, fashion-forward brand, tapping into the growing NFT space. We can also explore exclusive co-branded fashion drops and digital collectibles.
Community and Liquidity: With an active and engaged community from Based Ghouls, Lucky Ghouls is primed for high liquidity and consistent trading volume, ensuring ongoing royalty earnings.
Terms
Investment: 69,420 USDC
Royalty Share: 50% of secondary royalties from Lucky Ghouls
Free Lucky Ghoul mint for all Haberdasher NFT Holders (based on snapshot) until the collection mints out.
Duration: Perpetually
Payment: Haberdashery safe will be assigned as Secondary royalty recipient via contract
Conclusion
This partnership offers The Haberdashery an exciting opportunity to capitalize on a rapidly growing NFT market, leveraging the success of Based Ghouls and the expanding Lucky Ghouls collection. With proven volume and strong community engagement, this deal positions both brands for substantial growth. The Lucky Ghouls is both a fun self-contained project that will hopefully be fun to trade and share for years, but also hints at future Based Ghouls projects as part of an effort to create a concrete mutual interest between these two communities that bears fruit for many cycles. The easter-egg type feature of Degen Haberdashers and many of their classic traits hopefully suggests also that there’s a future and a body of iconic imagery that helps define the culture of Degen and the Haberdashers as they continue to grow and expand into new projects.