Updates to the Creative DAO Term 2 Funding Request
Funding Requested
We would like to update the funding request with a more comprehensive breakdown of the Creative DAOs financial plan for Term 2. We would also like to update our request and change the amount requested.
After further discussions the Creative DAO would like to **request $106,075.00 for Term 2
Dao Structure
After some deliberation there has been a slight change the the structoring of the Creative DAO - Sub DAOs.
The team have decided to bring the number of project managers down from three, to one project manager, you can see the reasoning below.
⦁ Allow more contributor hours for the completion of work in such a significant role for the DAO
⦁ Having one person managing communication from the 3 community managers rather than 3 seperate entities
⦁ Enable the DAO to offer a more competative pay structure for the position so a serious candidate can be found
⦁ 1 person dealing with the flow of Bounty/Snapshot requests to be placed on dework and Snapshot for the creation of content
Financial projections
Below you can find a new structure for financial plan for term 2.
Funding Breakdown - Google Sheets
Sustainability Project
The Creative DAO have been in discussion regarding there sustainability project and have a comprehensive plan in place, although the DAO does not wish to release all information publically regarding the project as a whole, we’re happy to release some of the point regarding the project below.
⦁ A DAO volenteer commity will be created for the management of the project from start to finish
⦁ The project will be a Metaverse/NFT Gated project
⦁ Aswell as the NFT acting as a key for the projects main utility, this can also be used as an PFP to notify other members of the community that you’re a holder also enabling community members to identify other people they can attend monthly events with
⦁ The utility of the project will allow for other channels of revenue to be created through advertising
⦁ The main bulk of revenue created will be through NFT PFP/Key sales which will in tern fund events going forward and act as the funding backbone for the Creative DAO
⦁ Each holder will be able to make suggestions and vote on the monthly event to decide what they will experience month on month.
⦁ There will be a hard cap of 10,000 editions of the Creative DAO NFT
⦁ The sustainability project with serve as a focal point for entertainment on the Harmony blockchain
Further discussions can be had regarding the in depth plan and vision for the sustainability project for the Creative DAO, however, so this idea is not copied before the DAO gets it off the ground we would like to get funding arranged and a push made for the creation of the volenteer commity so that development and design bounties can be created if the DAO community agrees with ther plan.
Hi @frwrdslosh @DevinMarty @Sam @ElixirofLife @Globey.one @StrongMindsHold , We would like to notify you that a few things have changed regarding the funding request and plan for the DAO, and a more comprehensive plan has been formulated regarding the amounts requested with a breakdown attached. Please can you notify the necessary parties and provide an update on the current status of our DAO funding requests.