I feel 40k dots is a big ask, I do recognize the market potential of this happening in polkadot, but right now there is not an easy way to get BTC holders into polkadot, if this enables that I would change my vote from Abstain to Aye.

I understand the value proposition, but raising funds through LAOS offerings and private investors seems more appropriate to me. For the size of the ask, the proposal also needs a detailed breakdown of expenses and an execution plan. For these reasons, and since this is funding for a private parachain with its own native token, I don’t find the request justified. Nay.

I would advise proposers to apply for a W3F Grant, not devaluing what is being proposed but seems inappropriate to fund this from the treasury.

Personally, I feel that the boom in Bitcoin NFTs has already passed and is not gaining much traction. I don't know if it's a good idea to promote it at this point from Polkadot.
I think it would be ideal to aim for more solid growth of the NFT ecosystem itself, which is being achieved through Mythos.