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Minor fix again

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Utsav Gupta 2022-11-09 22:08:09 +00:00
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@ -12,7 +12,7 @@ In 1974, director Alejandro Jodorowsky set out to make a fourteen hour long film
On November 22, 2021, one of the copies went up for [auction](https://www.finebooksmagazine.com/news/world-auction-record-dune-storyboard-christies-paris) which was bought by the SpiceDAO for 2.66 million euros (a little over $3 million) or about 89 times its price estimate. The SpiceDAO was co-founded by [Soban "Soby" Saqib](https://twitter.com/sobylife/) along with a friend and was able to raise $750,000 in Ethereum with the help of 800+ Dune-loving DAO enthusiasts hoping to get a vote on the book's future. Soby put down his own 2.66 million euros in cash to ensure a win and avoid the fate of the [ConstitutionDAO](https://cryptowake.xyz/stories/constitutiondao/). This was also done because the auction seller did not accept Ethereum as a form of payment. After having won the auction, the custody of the book had to be transferred to the DAO and things like the books location and its accessibility had to be decided on. A new fundraising effort helped the group raise $11.8 million in ETH and fiat, with the vision to let the community make the final decisions via the SPICE token - a governance token that gives holders a vote on the DAO's decisions.
The community soon learned that the book is already free online and owning the Dune Bible did not automatically confer ownership rights and copyrights on them (just like owning a Batman comic doesn't give you the rights to make a film on it). Their intensions to reproduce and distribute it without the permission of the actual rights holders of Dune, The Herbert Limited Partnership, or anyone associated with Jodorowsky met with legal roadblocks. The group came up with several [strategies](https://snapshot.org/#/dunedao.eth) to collaborate with film industry professionals and production houses to deliver an original animated limited series inspired by the book. With core members resigning and the group failing to implement a three-stage redemption for the DAO and its treasury, the DAO [planned to shut down](https://decrypt.co/106196/spice-dao-to-dissolve-after-infamous-dune-book-auction) and pay out the SPICE token holders in ETH.
The community soon learned that the book is already free online and owning the Dune Bible did not automatically confer ownership rights and copyrights on them (just like owning a Batman comic doesn't give you the rights to make a film on it). Their intentions to reproduce and distribute it without the permission of the actual rights holders of Dune, The Herbert Limited Partnership, or anyone associated with Jodorowsky met with legal roadblocks. The group came up with several [strategies](https://snapshot.org/#/dunedao.eth) to collaborate with film industry professionals and production houses to deliver an original animated limited series inspired by the book. With core members resigning and the group failing to implement a three-stage redemption for the DAO and its treasury, the DAO [planned to shut down](https://decrypt.co/106196/spice-dao-to-dissolve-after-infamous-dune-book-auction) and pay out the SPICE token holders in ETH.
## Lessons