Approve Budget for Champions NFT Collection Design

TLDR

Approve artistic direction and a $10,000 budget for design of the FutureDAO Champions NFT collection. The project will enhance FutureDAO’s culture, boosting community engagement, internal cohesion, and FutureDAO's presence in the Solana ecosystem. Revenue is expected from SPL 404 swaps and secondary market royalties.

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Overview

This proposal seeks approval for the artistic direction and budget allocation for the FutureDAO Champions NFT Collection.

• Target Customer: Members of the FutureDAO community and NFT collectors who vibe with futuristic aesthetics and robotic themes.

• Problem Solved: FutureDAO’s Champions NFT Collection currently lacks artistic visuals, featuring only placeholder images with no art.

• Monetization: Indirect revenue from increased demand for Champions NFTs, higher NFT portal engagement, and potential direct earnings through increased SPL 404 swaps.

• Key Metrics:

  • Community approval of the artistic direction

  • Engagement and feedback on the selected artist (TBD and artwork samples

• Value Creation: The collection will add value with unique artwork that enhances FutureDAO’s cultural appeal, and provide PFPs for community members to represent themselves, increasing internal community cohesion and FutureDAO's notoriety across the Solana ecosystem.

• Total Budget: $10,000 USD

  • This budget will cover the costs associated with commissioning the artist, determining the artistic direction and creating the NFT artwork.

• This project directly relates to FutureDAO’s business by enabling FutureDAO to proceed with design of the Champions NFT collection, contributing to community engagement and brand enhancement.

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Problem

NFTs are a cultural pillar of communities. A well designed, appealing and recognizable NFT collection is needed to increase internal community cohesion and FutureDAO’s notoriety across the Solana ecosystem.

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Design

Product Description: The FutureDAO Champions NFT Collection will feature unique, hand-made artwork, that embody a futuristic aesthetic with a robot theme.

Current NFT Image

Artist Selection: This proposal is only to determine the budget allocation and artistic direction. Selection of the artist will be determined through a secondary process.

Dr. PeePee Example: 75% of respondents to the NFT Collection Proposal Development process support engaging Dr. PeePee to design the NFT collection

Scumsol Example: One community member suggested we engage Scumsol to design the collection

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Business

Implementation Plan:

• Artist Commission: Engage an artist - TBD in a secondary process - to create the NFT artwork.

• Artwork Creation: Develop the collection with hand-made pieces that align with the community's preferences.

• Community Feedback: Present artwork samples to the community for final feedback and approval.

Expected Impact:

• Community Engagement: Increased community engagement through active participation in determining artistic direction

• Culture: Enhanced cultural and artistic value for FutureDAO

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Monetization

5.1 Financial Projections

Initial Development Costs: $10,000 USD

• Artist Commission: $5,000 USD

• Smart Contract Development: $1,000 USD

• Metadata Integration: $2,000 USD

• Testing and QA: $1,000 USD

• Contingency Costs: $1,000 USD

• Total Budget: $10,000 USD

Earnings Projections:

• SPL 404 Swap: Revenue from swap of $FUTURE to SPL 404 NFT

• Secondary Market Royalties: Ongoing earnings from secondary market transactions.

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About FutureDAO:

FutureDAO is a market-governed decentralized organization powered by MetaDAO's futarchy infrastructure.  

FutureDAO is building the Future Protocol to help communities safeguard and amplify value by providing them with on-chain token migration tools to take control of their futures. 

For more detailed information, you can visit the FutureDAO Gitbook.