Description

Here’s how it works:

1. PartyBid: This tool lets users pool their money to buy NFTs together. It's like forming a team to purchase expensive NFTs, which might be hard for one person alone.
2. PartyDAO Organization: This decentralized group focuses on building crypto software like PartyBid and contributes to the Party Protocol.
3. Collective NFT Ownership: Users can buy, use, or sell NFTs as a group. This reduces risk and allows access to perks of NFT projects that might be too expensive for one person.
4. NFT Memberships: Each group member gets an NFT representing their share and voting power. These NFTs can be used to vote on decisions, delegate votes, or claim tokens and ETH. They are transferable, allowing flexible group membership.
5. Voting System: Groups have an on-chain voting system for making decisions. Instead of waiting for a vote to end, they use an acceptance threshold, allowing quick actions. Party Hosts have veto power for safety.
6. Proposal Engines: This system defines what actions a group can take, focusing on NFTs. It supports selling on marketplaces and smart contract interactions, with safeguards to prevent accidental sales or transfers of NFTs.

In summary, PartyDAO is about collaborating in the NFT space, offering tools for collective ownership and decision-making. It makes engaging with NFTs more accessible and safer for groups.