AIP-61: Multi-meta linked NFTs - Ecosystem Fund Allocation

Thanks for the reply.

My issue isn’t with the per item cost, if the quality is super high then you should charge the appropriate rate.

My issue is with the concept of making a 3D model of every token when not everyone will even want one – something we call in the inventory/logistics business, “make a lot and let them rot”. Plus, giving away these items for free can sometimes render them worthless.

My own personal opinion is $19m is way too much for our DAO to spend, much less on 3D avatars – perhaps you could revise the proposal to launch a website with custom token creation for about $50 per item – it’d be easier to pass through the proposal process, you’d get some solid feedback and jumpstart your sales.

Maybe I’ve missed some of the finer points in your proposal, but I could not get past the $19m – smarter folks no doubt will enlighten me.

Peace

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Thanks bro yes the more concerns that are brought up the better. This proposal months ago originally that started out just as just the vision to make BAYC multi to help fulfill the vision of ETH founder vision to make NFTs transferable between games and metaverses and now with the $APECOIN DAO communities feedback have evolved into something way bigger and provides utility to everyone that owns $APECOIN and all Yuga Labs NFTs not just BAYC. So this feedback helps a ton thank you.

However I would have to disagree with providing things for FREE would make them worthless. Not many people know this but I think Crypto Punks were given out for free at first. Also some of the expensive pokemon cards a well as some of the most expensive League of Legend skins were also given out for free at events as well. I do see where you are coming from since lots of things in life that are given out for free do not do this and for that I would also say that these are not going to be given out for free as said in proposal since there is a barrier to entry. The 3D molds must own the NFTs and for the ACAC and ACPC will only be going to given out to $ApeCoin holders.

Can we can share the data on all the 3D commissions we have made for ourselves and everyone else NFTs not only Yuga labs but I too agree no point of doing anything unless there is a demand and want to say that is exactly why we brought this up in the first place since we have seen the massive demand. I also am stoked about the the Sandbox BAYC link today pioneering this vision as well as the RTFKT being the first to do the raw free file drop as well. After talking to not only the ApeCoin DAO team as well as many of us in the community I have heard from everyone aside from proving NFTs as more then just images but utility online across platforms which is what this does but also everyone wants to increase the value of not only all BAYC and all Yuga Labs NFTs but also increase $APECOIN wallet numbers and uses and increase value in holding more $APECOIN which I hope that ACAC and ACPC will do as well. Why we setting 200,000 of ACAC to hopefully double apecoin holders as our goal. So really my question since I would love to learn if still not considering this is what would you like see the DAO funds spent on instead or what value you think we can provide aside from these methods we may be missing? Since that is our ultimate goal is to provide the most value as we can and the feedback has helped us a ton evolve this proposal over the months so thank you everyone for that. And if you don’t want too all is good too i appreciate your feedback since I know several other people will think the same and hopefully our explanations will explain our process. Thanks again.

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Hey ApeCoin Community,

@AaronLeupp.eth has made changes to their proposal. You can check out the changes by clicking the pencil at the top right of the post. image

- river

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Hey ApeCoin Community,

@AaronLeupp.eth has made further changes to their proposal. You can check out the new changes by clicking the pencil at the top right of the post. image

- river

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Hi ApeCoin DAO Community,

We have sent a list of follow up questions. We await answers.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-Pearson

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Hi ApeCoin DAO Community,

@AaronLeupp.eth has responded to our questions and they are in our review once again.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-Pearson

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Hi ApeCoin DAO Community,

@AaronLeupp.eth has updated their Draft and it is in our review once again. You can check out the changes by clicking the pencil icon at the top right of the post.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

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Hi ApeCoin DAO Community,

After review, this Topic submitted by has been “Returned for Clarification”. The ApeCoin Special Council waits for answers, and the community will be notified whenever the author responds.

Kind Regards,

-Pearson

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Hi ApeCoin DAO Community,

@AaronLeupp.eth has updated their Draft and it is in our review once again. You can check out the changes by clicking the pencil icon at the top right of the post.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

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Hi ApeCoin DAO Community,

@AaronLeupp.eth has responded to the Special Council’s questions and they are in our review once again.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-Pearson

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Agree with ssp here. 19m from the DAO to make 3D avatars is not the way imo.

3 Likes

Interesting proposal :slight_smile:

2 Likes

I’ve looked at this proposal for a long time…many times… Because it has many interesting ideas. The ApeCoin Armory is a favorite of mine. However…I’d really like to see these different ideas split into multiple AIPs over time. I have many many questions…and its hard to write a post asking them all. My questions would be the size of a small proposal. For that reason…consider breaking this is into 3-6 AIPS over time. I imagine that’s why its been in the process for so long.

4 Likes

Yes and thanks to the great feedback from you guys and the ApeCoin team it will no longer be 19m!

2 Likes

haha thank you yes and agree we been working with ApeCoin DAO team for 5 months now since we first proposed this since they have been giving us great feedback over time. They really loved the 3D files and linking idea and vision and agreed this will be a historic move. They however also wanted us to take it to the next level and 1. offer something that will also benefit all ApeCoin holders not just Yuga Labs NFT holders and 2. help expand ApeCoin holders community this ACAC and ACPC was born and added to this proposal. That way everyone wins even someone with just 1 or 2 ApeCoin so I am happy they challenged us. Yes breaking it up into several AIPs could be a good method but we didn’t mind on the time it took with the great feedback form you guys and the ApeCoin team to create all these demos to showcase the vision more so when it finally goes up for a vote I think everyone will finally be able to see this can be a win for everyone. Thank you!

5 Likes

I would suggest starting with BAYC would be good enough. This is to test how the model looks like and make the budget not too high at one time. In addition, as a part of ApeCoin DAO, I still doubt whether we should make models of Punk and Meetbits, let alone ACPC, from the DAO treasury.

For me, it’s more reasonable to reconstruct the cost by the use of funds, for example, project management, design, development, etc. Cost per model does not make much sense to me because we are making a large number of models, and generation algorithms should be used instead of drawing the model one by one.

3 Likes

Thanks so much @ChrisL yes that is pretty much how the proposal started as focusing on BAYC or just a couple of Yuga Labs collections. However several of the ApeCoin DAO team members brought up that even tho they are excited on the historic move this will be, they also want something that will 1. offer something that will also benefit all ApeCoin holders not just Yuga Labs NFT holders and 2. help expand ApeCoin holders community thus ACAC and ACPC was born and added to this proposal. Since in the end they are right this is being funded by the ApeCoin DAO and should positively benefit all ApeCoin holders not just the small few that also have BAYC. Want to make this a win for everyone and also be an opportunity to encourage more people to also become the first 200,000 ApeCoin holders to be apart of this event since we as of now have only 94,167 holders can be seen here $4.94 | ApeCoin (APE) Token Tracker | Etherscan

Also yes totally agree could break down method price in terms of each portion can be a good method however what we have found in the past is that it starts to get really get confusing for people when we do and our proposal is already long as is. When people want to rent a tuxedo what i have learned from my small biz days they want to know the price for the full package. They don’t want it broken down into (Jacket, Pants, Shirt, Vest, Tie, Pocketsquare, Cufflinks, rent for store, gas for transportation, pressing, packaging, hourly rates, dry cleaning, sales, shoe cleaning, electricity, commission etc) they just want the price. Same with this yes will defiantly be down to use generation algorithms as well as (3D mold creation, render testing, render bandwith when running the generation algorithms, rigging, logistics with metaverse teams, logistics in metaverse linking each NFT in each metaverse, testing and re molding for to fit requirements for each metaverse, 2D artwork concepts, 2D artwork for ACAC and ACPC, generation for 2D for ACAC and ACPC etc) which can see makes it a lot easier to just include that the price of the $9 each. However defiantly down if interested in joining our team in any capacity to help us cut costs however you think you can since can see we are going to need all the help we can get. We been spending the past 5 months since we pitched this working in simplifying the process and look forward to continuing to do so. Yes creating 200,000 collection with 200,000 3D molds to link and match at this point has been pretty unprecedented but we loved what we have learned a lot so far to get ready and excited for the challange. We also were the first ever in history already created a 2,000,000 unique collection (Castle Crew) as well as a 150,000 collection (Waifumon) before reddit did and excited to now see this space continue to grow and look forward to making ACAC one of the next leading over 20,000+ collection to do so. Def feel to reach out any time if you want to take me up on joining the team to help with your ideas and if not totally cool def appreciate your feedback! Thank you.

3 Likes

Hi ApeCoin DAO Community,

@AaronLeupp.eth has updated their Draft and it is in our review once again. You can check out the changes by clicking the pencil icon at the top right of the post.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

2 Likes

Thanks for submitting the proposal. Below is our feedback

Background
Forj and Metaprints have built end to end experience in The Sandbox. Metaprints is an official partner of The Sandbox. Metaprints team spent 5 months to create the first experience BAYC experience called Monkeying Around. It was a very successful experience, 100k impression, 300+ video and image uploads. We have learned a lot from this experience and we would like to share with everyone here.

Wait until ODK arrives
ODK will be coming and a standard will be set. It might be better wait until then to minimize opportunity cost. BAYC Owner Yuga Labs: Metaverse NFT Open Standards Coming ‘Very Soon’ - Decrypt

When ODK is out, we will see studios, creative guilds to build on top such as Otherguild, Otherside Gang

Strategy, brand collaboration weight more than wearable designs
Wearable alone will not drive activation. We see saturated wearables from The Sandbox and Decentraland. These wearables don’t worth much at all, such as Christmas decoration, New year fireworks, local artist’s merch. We see lack of buying demand and sustainable users to use these merch in an ongoing basis. Web3 audience have short attention span, dropping an one-off wearables would not result in ongoing engagement.

On the other hand, wearables that attach to a famous IP has significant traction. The traction combines with storytelling mission is like 10ktf, which makes it a fruitful journey for everyone to participate.

Case study
Do you know that The Sandbox Miami 2035 took over a year to build to have 2 weeks of immersive experience? This 2x2 experience has many iconic BAYC OG’s buildings in it, we really had a lot of fun.

Recommendation
This is a collaboration effort to drive players to stay, retain and create commercial activation. We would recommend wait until ODK is out before building models. Before that, we would recommend reaching out to brands like brand agency to close web2 brands and form storytelling strategies.

4 Likes

Thanks @Harry and 100% agree on a ton of what you sayin here! Also, was great meeting you in twitter spaces today too! Yes, def agree on the BAYC Sandbox event was a great Case Study and proof of concept for what we are trying to do here too by linking all Yuga Clubs NFTs as well as all our ACAC and ACPC NFTs. It provides massive utility to NFTs and what I said in the proposal this was the whole reason and utility they provide to the whole digital space as well what Vitalik forecasted with his frustration with World of Warcraft which we wrote in this proposal.

Also, totally agree as well this will take a massive amount of time which is why we too agree the better we get this passed and started on this the better. And obviously why I disagree on waiting for the SDK update. As you said yourself similar projects that are not even as big as this one took years or 6 months plus so would not make sense to push things back for something that does not really even have much relevancy to this proposal maybe only about 20% at most. By the time, we finish the other 80% and if the ODK does not come out by then we have way bigger issues Web3 all together lol. We also at that point can just put a hold or not finish them and not receive funding for that if ODK or Otherside in general never gets complete, however I don’t think that will be the case. The 2D concepts and artworks of the 200k ACAC alone will take a ton of time not even accounting for the 3D molds for each metaverse since I think you may have missed that as well all is good if so I will work on trying to communicate that better.

Do also agree on uptick or the word you use “saturation” of NFT wearables for sandbox and Decentraland however I would have to say it should not be over looked and here is why.

This is a breakdown of the Decentraland DAO financials and you can see that almost 70% of its month to month revenue is from wearable NFTs. Even more than land sales. This can be the future of the APECoin DAO revenue cashflow as well and showcasing the the top Yuga Labs NFTS as well as all ACAC and ACPC NFTs can be the proof of concept to get the momentum and hype rolling for this cash flow venture. Also, again ACAC and ACPC for and to increase the ApeCoin holders. Reddit had massive success with this recently expanding the NFT community by giving millions of NFT with utility to its community. Which can be the same opportune here by providing lower cost entry NFTs to the bigger population. ApeCoin$ is around $5 now just exact as the Reddit profile NFTs and they are starting to see resells of $100 to even way more and finally understanding the value of digital assets which can’t wait to do for the ApeCoin community as well. Can be seen here: https://twitter.com/alexjmingolla/status/1588970458472669184

Also 1,000% agree on what you are saying in terms on this is perfect due proof of concept of IP signification traction and storytelling strategies. Don’t know of you saw our recent trailer we posted at the top but our goal is to weave this into the story of the Ape’s having an Armory on the Yatch they are utilized which would like to even turn into a battle royal style game like Fortnite, Apex or Valorant. However, like to take things one step at a time since as you said this will take some time and want to make sure we output the quality we best we can before entertaining next steps.

In conclusion, thanks for the feedback and definably will continue add more of those requests on as we wait for it to go for approval for a vote. If you can believe when we originally posted this about 5 months ago it was really only to link Yuga NFTs and since then the rtfkt raw file drop, Sandbox link event and Reddit event all have happened during the time for us to wait for this to get approved for a vote lol. To me though I see it as a good thing since it shows we are on the right track and proof of concepts are happening to help us communicate better to all other ApeCoin Holders when they vote. Also, have loved the feedback from you all and again shout out to @bc since his biggest challenges for this proposal were to additionally carve out something that can incentivize 1. to Increase holder amount of $ApeCoin and 2. Increase holders of $ApeCoin and if it weren’t for his feedback and challenges ACPC and ACAC would have not even been apart of this so massive shout out to you all. Thank you.

1 Like