Summary
Legends of Cypher, a multimedia project developed by the StoryPrima DAO founding team, is the first StoryPrima DAO-incubated project. A portion of revenue generated by Legends of Cypher will be deposited into the DAO's Treasury to support its operations. In addition, holders of Legends of Cypher Origin Collection NFTs will be eligible to receive the first PRIMA token airdrop.

About one year ago we (a group of Bankless DAO community members) were inspired by a single image (below).

This image, hand-drawn by the Legends of Cypher lead writer Crayonz, depicted a lone figure, Hash standing on a bridge and staring out into space. This image, and our shared mission to create a compelling narrative and cultural touchstone highlighting the themes of freedom versus centralized control, resulted in the Legends of Cypher project.

Over the nearly one-year period we've spent working on Legends of Cypher, we learned a lot of lessons, including:

• The demands associated with creating deep story-focused content and developing a rich, vibrant and diverse universe
• The benefits and drawbacks of integrating Web3 technologies and NFTs into story development and presentation
• The challenges associated with not only creating but capturing attention for story-heavy projects in a highly transactional and chaotic NFT market

These are valuable lessons, and we wondered: What can we do to help other story/lore-focused NFT projects gain attention, support, and even funding? And, would a DAO be a suitable organization to help tackle this massive challenge?

We decided the answer was "yes," and decided to launch StoryPrima DAO.

Our first act was to integrate our own initiative, Legends of Cypher, into the new DAO as its first incubated project.

Practically this means:

• A portion of Legends of Cypher NFT revenues will be deposited into the StoryPrima DAO Treasury to support its operations
• Holders of NFTs from the Legends of Cypher Origin Collection will be eligible to receive an airdrop of PRIMA, StoryPrima DAO's governance token later this year (learn about the airdrop)
• DAO marketing and other resources will be utilized to support the growth and success of Legends of Cypher

Over time, StoryPrima DAO token holders will vote to support other promising story-heavy NFT projects. And, as creators and storytellers ourselves, we (and the StoryPrima DAO community) will be well-positioned to guide them in their quest to create and grow the blockbuster stories of tomorrow.