AIP-498: DashBO UGC Platform : Democratizing Content Creation

[SmartAPE]

As a game dev, artist and creator, I love this proposal. Well done @RidazLp - been following your work for quite some time now.

Some impartial comments:

@RidazLp

DashBO is built on ApeChain, providing our users with the advantages of a decentralized, secure, and scalable blockchain.

Shouldn’t that be “DashBO will be built on ApeChain”?

@RidazLp

DashBO offers a multitude of preset animations for users to choose from. Users can select their favorite animation, add camera movement and background audio, and then export it directly to social media or download the video to edit on their preferred video editing software.

What formats are supported? If you’re building the UX in Unity3D - which it looks like you are - then the supported export formats should be listed.

And upon export, what’s the use case flow for end-users? Meaning, how are they able to use these exported assets?

@RidazLp

DashBO empowers users to bring their creations into the real world through Augmented Reality (AR).

Need to explain how this would actually work because the proposal caters to every day users who probably won’t know the first thing about how AR actually works. Or is this covered in the tutorials?

@RidazLp

In the ever-evolving landscape of digital creation, different metaverse platforms, games, tools, and software support 3D files in various formats, each with its own specifications. This diversity often creates a barrier for creators who want to ensure their content is compatible across multiple platforms.

What target formats are supported?

@RidazLp

DashBO will implement a revenue share model with the ApeCoin DAO. Ten percent (10%) of all income generated from premium content will be directed back to the DAO, supporting the broader ApeCoin ecosystem and contributing to its growth and sustainability.

Without financial models showing P&L earnings metrics for what the DAO could gain with this investment, a $418K ask for 10% returns (is that net or gross revenue?) is an inconsequential throwaway number. Might as well just flat-out ask for $418K to drive ApeChain adoption and $ape transactions.

Also, given that this isn’t a mass market enterprise, and one without a clear PMF (if there was one, there likely wouldn’t be a need for $418K from the DAO), whatever the DAO - which is front-loading the costs and for little in return - gets would likely amount to a rounding error in the financial modeling.

If this were based on actual investment (into Inceptive), a $418K ask in return for 10% equity, would amount to $3,762,000 pre-money and $4,180,000 post-money valuation. That’s a far better deal for the DAO - even if it doesn’t see tangible returns inside of 5 years. That’s what Banana Bill and Yat’s $10M fund (which also just passed) are designed for.

@RidazLp

Total amount requested from the ApeCoin Ecosystem Fund = $418,000 USD.

This grant will cover the development and integration costs, marketing expenses, and operational expenses associated with Launching DashBO with the ApeCoin ecosystem.

I highly recommend that in the interest of the DAO and the success of this venture, that you submit a proposal to the Banana Bill. You can find the app form over here. Given that you already have all the data in this impressive proposal, it shouldn’t take you more than a few mins to fill out. Plus - you’ll get a response a lot quicker than waiting for this proposal to make it to vote. And that being the case, you can then just withdraw this proposal.

Also, in case you weren’t already aware, AIP-436 is up for vote. And while the tracking metrics won’t amount to much until around day 8, this AIP - if/when it passes - will basically gate the DAO treasury by putting up a sign that says “ApeCoin DAO is still open for business. But for serious business, please go to the Banana Bill because that’s why we funded that” .

This means that anything above $250K will require a 69% majority for it to be approved. The $100M Banana Bill itself passed with 77.41% approval. Yat’s AIP-438 at $5M passed at 77.44%. AIP-448, a 410K $ape (less than $300K now) was at 78.3%. Better yet, we just gave AIP-434, OtherPage (another team that goes great work), over $1M - and that barely passed with 60.19%

Now more than ever, these metrics matter because the DAO is entering a new era which will determine it’s long-term survivability. We just can’t keep throwing money into these projects without a tangible and beneficial ROI. And without money to incentivize builders, my guess is that most people will just walk away for greener pastures. That’s the Web3 way. I’ve been clamoring about this for well over a year. Here we are.