Frequently Asked Questions

Is this an official Banksy project?

No, this is not an official Banksy-initiated project. (“Yeah that’s just what Banksy would say”)

However the Banksy piece on the wall of The Banksy House is a √ERIFIED BANKSY and has been verified by Banksy himself as being his original work (see below)

How do you know it’s a real Banksy on the House?

Banksy verified that he is the artist of all of the 10 pieces dropped around the Norfolk coast during August 2021, including The Banksy House. He made a film, The Great British Spraycation, and shared it on his social media.

YouTube https://www.youtube.com/watch?v=3NPUZVuMAms

Instagram https://www.instagram.com/p/CShWMUwFKkI/?hl=en

What is the price of The Banksy and The House?

We have negotiated an agreement with The Owner to buy The House for a very realistic price. But it’s a Banksy, and a good one, it’s not cheap. We will be releasing details of the agreed price soon, within The Discord.

We have engineered the deal so that we can buy the house in several stages, allowing us to take occupancy for a fixed term before we raise the full funds.

How are the funds raised allocated?

SEASON 1

75% of the funds go directly to The Banksy House Treasury to fund:

  • The legal, operations, development, and production costs

  • Building the first iteration of The Virtual House

  • To prototype several tokenised IRL projects in the town and produce the first chapter of our documentary.

  • Fund the launch of RESIDENCY 2 when we open the doors of The House to the wider Web3 community.

20% is allocated to the core team so they don’t have to go dumpster diving for dinner.

5% goes to charities helping the disadvantaged in the town of Great Yarmouth, the hometown of The House, and high-impact global charities Give Well Top Charities Fund and Give Directly

SEASON 2

Team cut reduced to 15%

SEASON 3

Team cut reduced to 10%

Is TheBanksy.House a DAO?

TheBanksy.House is a tokenized community, a proto-DAO, initially using NFTs as an evolving proto-governance mechanism.

We deliberately don't call ourselves a DAO yet, as we don't decentralize all decision-making at this early stage and manage our treasury with a multi-sig. We will decentralise gradually. Each ‘‘‘house’’’ will have it’s own way of managing this.

We believe that decentralization is a valuable tool when implemented gradually and used thoughtfully to fulfill a collective mission, rather than just a goal in itself.

We have plans for evolving an ecosystem of governance that develop as the project grows, managing process in the service of the mission to buy and collectively govern The Banksy House.

Emergence is our Queen.

WEN TOKEN?

WEN the time is right.

Currently, our plan is to introduce non-transferable community tokens in the near future as an ESTATE currency that can be earned by CITIZENS.

We will update our plans for DAO governance tokens as appropriate.

What else do I need to know?

Ownership of Banksy House Estate NFTs does not represent ownership in the physical house. When we purchase The Banksy House, the freehold will be owned by a non-profit DAO governed by its members. Ownership of Banksy House NFTs does not entitle you to any monetary return.

How do I know this isn’t a scam?

We have been developing the project throughout 2022 and 2023. To prove that we haven’t just taken some photos of the house and thrown together a website in a few days we have:

Proof of Access: A virtual tour we shot of the interior and exterior of The House: HERE

Proof of Metalabel

The Never Boring House was accepted to Metalabel Assembly 001 and is part of the Metalabel Network

https://www.metalabel.xyz/

Who are The Team behind TheBanksy.House?

The project has been developed by They Who Know, an ‘A’non collective of creatives, storytellers, and instigators with decades of experience in the creative and tech world.

IRL we have worked with organisations including Google, Dropbox, Samsung, Microsoft, HP, The BBC, Red Bull, The UN, The EU, The Tate, The V&A, Nat Geo, and Discovery.

The project was initiated and designed by hewhoknows and @deebee

With backup from::

  • The Keymeister: Key Fetishist and Curator

  • Lenzz: Xocumentarian / Xotograper

One last important thought.

We know where we are doing and we have a map. But the journey is long and winding, new roads are constantly being built, and roadblocks will appear along the way.

EMERGENCE IS OUR QUEEN will become a well-used mantra. Planning and intent are essential parts of the creative process, but can often blind us to the opportunities in front of us. Allowing for and embracing Emergence, in its many forms, especially in collaborative projects leads to far more interesting results.

The Banksy House Estate is about experimentation, prototyping big ideas, swivels, swerves and iterations. Emergence will be The Queen of our Worldbuilding playground and the whim of He Who Knows.