FIP#3 - NFT Collections addition #1

Summary

Referencing the initial draft of Collections Framework referencing both quantitative metrics and qualitative attributes (FUD system), this proposal seeks approval of the following shortlist to be voted on by Snapshot:

  1. Mutant Ape Yacht Club

  2. Doodles

  3. Cool Cats

  4. CrypToadz

  5. World of Women

  6. Forgotten Runes Wizards Cult

  7. Chromie Squiggle

If passed via Snapshot, the top selected collection would be eligible for inclusion in the Treasury and for future bond sweeps.

Motivation

This shortlist was curated based on quantiative metrics, qualitative attributes, and Discord community discussion. Collections were included or not included for a variety of reasons, for example:

  • CloneX — not included due to them being relatively new (< 3 months) and questions about “fractionalization” legality
  • Squiggle — included to add diversity to PFP heavy list

Proposal

Put forth this shortlist for Snapshot voting.

Polling Period

The polling process begins now and will end at 18:00 UTC on 04/03/2022 (March 4). After this, a Snapshot vote will be put up at 18:05 UTC on 04/03/2022 (March 4).
EDIT: Fixed poll end time to correct times (24h from post)

Poll

For: Approve this shortlist for voting on

Against: Amend the shortlist

  • For
  • Against

0 voters

3 Likes

voted yes

see list,
good list

3 Likes

see dheeraj good dheeraj

Good list, just one thing concern me

I’ve heard there are a lot of woke people hanging around world of women. i’m concerned because these people most of the time pressure others to act in the interest of their inclusion fight

My concern here would be to see lot of positive / inclusive people coming to the discord and push us to fill the treasury with all the world of women derivatives like made by women founders to show we support women in web3.

I know this sound cliché, but i’ve been in places where i saw how crazy it can get when you argue with people that aren’t objective and looking at metrics, but rather political and looking at subjective opinions.

I’m not against having them per se, but i’d rather wait we solidify the community / metrics / decision sequence to bring new projects to the treasury

3 Likes

majin if randizuckerberg.eth and her crew land in there and see floor-dao as an opportunity to hype that list … i’m not against inclusion at all, i’m all for equality of chance etc … the thing i’m against is having people you can’t argue with because if you disagree for objective reason they go mad for subjective reasons

@bossbeautiesnft @womenandweapons @womenrisenft @curiousaddys @okcoin @mybff @meta_angels

(was deleted and re added - missclicked)

2 Likes

also i believe we should vote the project we add to the treasury one by one. here people are just going to validate your list so things move on no matter if they agree with all or just with one.

if it was on a project per project basis we would have discussions around the metrics and fundamentals of the projects (can’t discuss 5projects at the same time)

that would be imo more healthy for the protocols and also allow us to learn from each other view on collections

1 Like

I would remove Cool Cats. The team has been shown to be highly incompetent with the game. There is no reason to invest in this collection beyond past performance. Future performance is very murky

like honestly i’d love to have discussions on wizard and learn from each person take on it and have a discussions around their metrics, roadmaps etc … there is the volume market making but there is also the risk / exposure to price fluctuation and we def don’t want to buy tops

we have a broad community that probably each person has knowledge about different projects and it would be a shame not to leverage that in the sake of moving fast

1 Like

also another question i’d love to ask or poll the community is how much punk we want as a ratio of the treasury before we start scooping in.

i strongly feel many project will go to zero and we should be super cautious what we let in

having a big punk ratio is probably less aggressive start but will prevent floor floor nuking

1 Like

Any cheaper projects that would be good? Maybe World Wide Webb Land, Mooncats, or hearts.

2 Likes

Azuki should be like top 3 sweep among MAYC & Doodles. The rest is pretty weak relatively.

Highly agree with Azuki. Most buys in the collection are well above the floor. The team is executing and proving that they can keep the interest of its community. Would replace cool cats

Squiggles, Mutant Apes, Wizards, Doodles, Azuki, Sandbox - all very different communities in NFTs that when combined together would make a great coaltition re: awareness. All also great long-term projects that people will want to trade over time

world of women is a bit off for me. i would like to concentrate in art first, and the beauty of it, when its too much evident (inclusion etc.) its not visionary, its repetitive and annoying. valuable art write the future, and there are way better artist than world of woman (world of uman i would choose as example). the only way that world of woman had success is some weird connection in background. im against investing in that

2 Likes

I agree, I think each project should have a full write-up and discussion here before moving to snapshot. I’d like to see a standard format for a proposed addition, covering quantitative metrics and dune dashboards, and then qualitative analysis from several people who are intimately familiar with the project. It will give everyone an opportunity to make an informed decision, even if they’re learning about a particular project for the first time.

At some point in the future, we may need to reevaluate a project for inclusion or for rebalancing. Having the record here of that analysis and discussion can help us make decisions as each of our individual project holdings continue to evolve over time.

2 Likes

Thanks everyone for voting, and all of the thoughtful comments.

@nicovrg @Waver 100% agree that we should have a more formal system for inclusion going forward. will start to organize now. For this first one, since we want to move relatively quickly to demonstrate the bond flywheel on a second collection, we can proceed as listed, and make a note to re-review after a “Collections Committee” is set up

2 Likes