ALGOxNFT Q1 2024 Proposal

Governance
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21

Welcome to the Forum :slight_smile:

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Thatā€™s great to know! I fell for some x.com FUD! Richardā€™s tweet inspired me to learn more about the proposals. I just bought my first Algos late last year and now i am hear reading

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Hell Yeah, I also did not know all the rules concerning the Council and decision making. I was more educated about it a couple days ago.

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I am speaking on behalf of the NFT community that i have been a part of for 3 years now.

Any opinions i express are my own.

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25

Algorand needs creators, sure, but what good are creators without collectors? Why, as a collector, should I spend my Algo on ALGOxNFT and not get rewarded when other platforms are rewarding both creators and collectors?

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Can I add some screenshots from discord, or is that a no-no? Thereā€™s a fair bit of feedback in the axn server not being seen in the forums:

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Is it just me or is the new proposal the same, just with clarification of creator wallet for data collection?

I also think that splitting rewards between top 3-5 is a good idea. Proportionally to volume if thatā€™s important.

While I see the idea @pillar of a big prize pot attracting off chain artists, that only works if they know about the contest. Are you guys planning any outreach or advertising?

Also, with new creators, there are more risks. I would like to see payment made at the end of the period, only to still active projects/creators. Itā€™s not long, but at least might help avoid immediate rugs and opportunistic mints.

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28

Call me a maniac, but Iā€™m looking forward to the chaos that will ensue.

If we want to go even crazier, letā€™s reduce this down to one week for all the marbles.

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29

This is too crazy for 2024. I hope the same creator doesnā€™t win every week. Poorly thought out proposal.

226,000 ALGO x $0.20 = $45,200

God damn.

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30

Thank you for sharing this. Great context. :+1:

31

This is a very good concern. Answering this would clarify a lot.

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Hahaha. Only if we can bet on the odds

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I support the idea of making the rewards proportional about how much the top projects sell, and also is a good idea giving the prize after the government period to ensure it wonā€™t go to scammers

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ARC-49 specifies that creators and collectors need to receive these rewards.

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35

Really happy AlgoxNFT was included in this quarters rewards program but I didnā€™t see anything related to rewarding collectors in your proposal. Also, the rewards distribution dosenā€™t seem well thought out and I would like to see this revised to be more inclusive to more then just new collections being launched.

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36

Probably the worst proposal in the history of proposalsā€¦ the outcome for all of this was a further fracture of the small community

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