The 24 Ξ minimum initial funding for Formosa 6529 is around 95k USD, which will cover:

• infrastructure and interior adaptations ( ~ 8%)

• Equipment purchase and installation ( ~ 42%)

• Overhead for the entire 1st year of operation (mostly human resources – guides, security, tech, comms, , snsirance, legal ~ 40% ; and taxes ~ 10%) This is a very small amount considering a brand new digital art gallery will be set up on prime real estate and staffed for a year. Such low set up and operating costs are only possible due to a few achievements:

• The public-private-partnership ("ppp") deal between Casa NUA, the Hi-Fi founders and the City of São Paulo, guaranteeing lease expenditure for the gallery space will be $0 for at least 2 years. This was achieved after much negotiation and after the promise that attendance will be always free for the public, and that we will display primarily public domain art, turning Formosa 6529 essentially into a local public good;

• Operating infrastructure (electricity, internet, utilities) and staffing is partially covered for by the Formosa Hi-Fi*;

• São Paulo, despite being the cultural, economic and technological capital of the southern hemisphere, is still much cheaper compared to USA or Europe's main cultural hubs.

• Casa NUA, founded 2023 and still going strong as one of the world's very few IRL spaces dedicated to NFT art, has already braved and learned how to do a lot with minimum resources.

That would be ideal, since all the money invested would be applied to TDH generating, highly liquid NFT editions! But unfortunately, relying exclusively on the Meme Card would leave us short of our required goal right now, since even if the community rallied around it and fully minted it out, the resulting ~8 Ξ wouldn't be enough for this undertaking. We would need a much higher edition count to reach the 24 Ξ minimum, but unfortunately, we have no control on edition sizes as it is. We put so much thought on this topic until arriving at the current hybrid model, still using 100% CC0 art to fund Formosa 6529, but only part of it as a Meme Card. We plan to compensate that using xTDH to attribute TDH yield to the Formosa 1-of-1s.

The Formosa Hi-Fi founders are seasoned entrepreneurs who first secured the Formosa complex with public authorities for implementing the Hi-Fi in exchange for renovating the historical space, while preserving its history, architecture and cultural significance. The deal struck with public authorities foresaw the implementation of a permanent, public art exhibition in the large underground marble hall – annex to the area that became the Hi-Fi – which connects Formosa street to the Municipal Theater and the Town Hall across the Tea Bridge — among São Paulo's most famous landmarks. Casa NUA took part in the late stage negotiations — among other heavy weight cultural institutions, each with their own projects for the space — with the proposal for a public domain art gallery to be implemented there. After more than a year of back and forth, our project was the winner, due to its unique value proposition as a public domain art exclusive and its low maintenance but groundbreaking digital, decentralized nature.

Our contract guarantees our occupation of Formosa gallery for a minimum of 2 years, renewable indefinitely as long as all parties are satisfied. But as a condition to secure that deal, we have to raise enough initial capital to cover all of the set up and the whole first year of operation, proving to public authorities and private partners alike that this won't be a short-lived stunt by crazy degens.

We won't have any revenue streams immediately as the focus of the project is to give CC0 art and the 6529 network maximum public exposure. This will never be a for profit enterprise, just as Casa NUA is a non-profit itself. We expect, however, once the quality of Formosa 6529 as an art space is proven, to explore revenue possibilities throughout the year to help with long-term sustainability, such as in sub-renting the gallery for art shows and events by other crypto projects, continuous sponsorships by partners or collectors, or other opportunities the network might collectively come up with, as long as it doesn't deviate from the core mission of Formosa 6529 to be a public domain art gallery for maximum public utility. Another possible future avenue for continued funding may be in the form of Stream NFT auctions throughout the year in collaboration with various 6529 Artists, as that upcoming contract is meant to be a platform for funding important public goods of various natures. In any case, we are full believers in the 6529 project and in its importance as the cultural, economic and organizational backbone of future society, and Formosa 6529 is meant to be the just the first of many such collectively funded, fundamental public goods for spreading the memes of decentralization, being in all our interests to make such initiatives thrive continually.

Casa NUA is as beautiful as Formosa gallery and is a mere 1 km away from it on São Paulo's historical center. But as a privately funded museum located on a penthouse on the top of a private building, and being committed to several different activities and private uses of the space to fund its operation, exhibitions and cultural activities, we have limited availability at the Casa itself for such an enterprise as Formosa 6529 will be: full time, day and night exhibiting The Memes and other 6529 projects on a public space meant for hundreds of daily visitors. If Casa NUA is already a beacon of NFT art culture, Formosa will be that tenfold due to the public nature of the space, its location, and full time dedication to 6529 and CC0 Art.

Special curations of The Memes rotating every few weeks are going to be the core of Formosa 6529's activity. Memetic themes, art styles, seasons, and infinite other curatorial lines are on the menu. These will be done by the Casa NUA / Formosa team, paid for by this fundraiser. And did we hear Pebbles?? How gorgeous and informative will our Pebbles exhibition be!

We will be constantly taking general ideas from the community, of course, but also host specific community curations created by 6529 network members and voted for inclusion in our schedule by Formosa Meme Card holders on Brain.

Also, a Collector's Corner at the gallery will regularly feature Memes and other CC0 art selected directly by the Formosa Maecenas and by the contributing Artists who donated the 1-of-1s for this fundraiser.

Finally, we may also partner with other CC0 art projects and communities to feature works and collections from outside the 6529 network, expanding on the possibilities and maximizing awareness for the benefits and possibilities of public domain NFT art, brands, etc.