boilerrat.eth

boilerrat.eth

boilerrat.eth
Delegate Statement

I'm boiler, a DAO nerd. Member of DAO Masons, Public HAUS, DAOhaus, Public Nouns, Metacartel etc. Team that created Grant Ships, ask., Stem Protocol Always interested in the advancement and success of DAOs.

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AIP-457: The Public Bored - Phase 2

Disclaimer: Due to the recent approval of AIP-436, all AIPs requesting an allocation denominated over US$250,000 will require a super majority approval of 69% of the total number of votes cast. The Foundation has already begun coordinating to develop our new Snapshot strategy to automate these new decision making guidelines, however, we will ensure compliance with this guideline manually in the interim.

This AIP falls above that threshold and will require 69% of votes to be approved.

PROPOSAL DESCRIPTION

Following the successful completion of AIP-383 deliverables, this Phase 2 proposal for The Public Bored seeks to expand our model and revolutionize the traditional billboard industry. Inspired by Times Square and now successfully tested at two major conferences, we plan to expand our innovative and scalable patent-pending model to cities worldwide, in the name of Ape. This proposal includes a 20% equity stake in the venture for the DAO, continues the revenue-sharing royalty from AIP-383, provides free display space to the Ape ecosystem reaching millions of people, and also enables us to activate at four more major Web3 events over the next two years similar to what we recently did at ETH Denver and NFC Lisbon. Additionally, we aim to launch a Public Bored token on ApeChain, providing direct benefits to $APE hodlers. The worst-case scenario of this AIP is we end up owning a reliable, revenue-producing asset that brings continuous value to the DAO.

In addition to succeeding at ETH Denver and NFC Lisbon this year, The Public Bored ranked 1st out of thousands of applicants in the Founder Program run by prolific angel investor, Jason Calacanis. This provides us with critical support as we scale into a Series A funding round next year. This AIP provides ApeCoin DAO with early inclusion on all aspects of the venture in order to be positioned longer term for max benefits as the venture scales.

Our model reimagines the global digital billboard industry in the name of Ape. Just as AirBnB and Uber revolutionized the hospitality and taxi industries, The Public Bored aims to transform the digital billboard sector, and to include the ApeCoin DAO on the rewards.

Over the past several months, we’ve tested The Public Bored model with thousands of participants across two major conferences, generated revenue, registered a provisional patent, researched prospective billboard locations, built relationships within the billboard industry, and navigated complex permitting processes through correspondence with various City Halls in major city centers. Additionally, our transparency and accountability reporting have significantly exceeded most other AIPs.

We envision a future where anyone can display messages or art on any digital billboard worldwide as easily as sending a Tweet. Short term we’ll acquire our first permanently located billboard as a home base of operations, then open our model as a network for other billboard owners to plug into. This AIP enables us to establish that home base of operations to then scale from.

For perspective; if even 10% of our average daily revenue from the past two events continued throughout a full month as recurring revenue, we would already have exceeded the outdoor billboard industry averages, making us highly attractive to venture funding and providing a viable path to broader scaling. This AIP enables us to acquire that first permanently located digital billboard from which we can launch our network model for other billboard owners, enabling us to reach millions of people worldwide through a profitable model, directly benefiting the DAO Treasury and $APE hodlers alike.

Thank you ApeCoin fam, for your unwavering support throughout our activations at ETH Denver and NFC Lisbon.

We launched this initiative with our own capital, made significant strides with support from AIP-383, and now it’s time for The Public Bored to fly with this Phase 2 proposal.

Timeline of Historic Events & Accountability Reporting:

BENEFIT TO APECOIN ECOSYSTEM

Equity and Investment Terms:

  • The ApeCoin ecosystem will receive a 20% equity stake in the venture.

Ongoing Royalties

  • The ongoing royalty of 1% revenue sharing promised within AIP-383 will continue forward through this Phase 2 AIP as well.

ApeChain

  • The Public Bored token will launch on ApeChain with direct benefit to $APE hodlers.

Free Display Space:

  • A portion of display space will be reserved exclusively for the ApeCoin DAO and our network of partners, including $APE hodlers, BAYC/MAYC, Mocaverse, JRNY Club, Otherside, Surreal Guild, Made by Apes brands, Elite Apes, Bored Canada, French Apes, UK Apes, Bulls on the Block, and all ApeCoin Delegates.

Referral Rewards:

  • A 10% reward will be given to each $APE holder for all referrals who purchase display time on our digital billboards.

Pay with $APE incentives:

  • Bonus display time will be provided to anyone paying in $APE.

Ecosystem Recruitment:

  • The Build with $APE page on our website with its corresponding Guide for new AIP authors will be expanded upon, encouraging and helping new builders to join the ApeCoin community.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = $2.7M paid in $APE

Two-Year Budget Allocations as follows:

Acquisition of Digital Billboards: $1.7M

  • Secure up to four permanently located digital billboards through acquisition or new construction.

Core Team Staffing and Related Expenses: $350k

  • Build a lean yet effective core team, adhering to LEAN and AGILE principles.

Marketing & Sales: $200k

  • Drive engagement and user growth to meet our customer adaption and monthly recurring revenue targets.

Four Event Activations: $200k

  • Host four more major events similar to the ETH Denver and NFC Lisbon activations we successfully completed earlier this year.

Technology Development: $150k

  • Enhance and innovate the platform’s technology including the launch of our mobile app.

Legal, Accounting & Professional Fees: $100k

  • Ensure legal and financial compliance.

NOTE:
The Associated costs of each step are variable in nature of negotiations and billboard locations and staffing details.

Conclusion This budget ensures the strategic allocation of resources to maximize impact and efficiency. By focusing on key areas such as our first acquisition(s), staffing, marketing, events, technology development, and professional fees, we aim to build a robust and scalable platform that drives engagement and growth within the ApeCoin ecosystem.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-457-the-public-bored-phase-2/24358

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.

This AIP falls above that threshold and will require 69% of votes to be approved.

Against
1,466 votes
21 days ago

AIP-463: Empowering Otherside Wiki

Disclaimer: Due to the recent approval of AIP-436, all AIPs requesting an allocation denominated over US$250,000 will require a super majority approval of 69% of the total number of votes cast. The Foundation has already begun coordinating to develop our new Snapshot strategy to automate these new decision making guidelines, however, we will ensure compliance with this guideline manually in the interim.

This AIP falls above that threshold and will require 69% of votes to be approved.

PROPOSAL DESCRIPTION

The Otherside-Wiki Team is reaching out to the Apecoin DAO for support in our ongoing operations, as well as in the further development, integration into ApeChain and enhancement of our platform. Our goal is to update Otherside-Wiki to align with contemporary web standards and to significantly enhance the user experience.

Since its inception on May 15th, 2022, following the mint of Otherside, we have been working to improve and evolve the platform. Our coverage and support extend to all developments within Otherside and ApeChain, with our priority being to provide timely updates and serve as a pivotal resource for the community.

Otherside Wiki was developed by our lead developer Frostyz. With additional funding from current investors and ApeCoin DAO, we plan to further expand the platform by bringing on board more developers who have specialized expertise. This expansion will improve our capacity for growth and ensure that the platform can thrive with a more diverse team of developers.

We have developed and enriched the experience for Otherside Users significantly, and also improved the filter experience on marketplaces. Within this we drove additional revenue to Yuga Labs and its partners, provided deep knowledge and data connected to Otherside, and enriched our platform with extensive deep data.

Currently we are the go to platform for Otherside data, marketplace browsing and information. To back this up with figures, last month we reached about 57k unique monthly visitors, which have an average engagement time of 20 minutes each, all completely through organic marketing and natural demand.

image For two years, we have developed Otherside-Wiki at our own expense, without focusing on monetization. Our priority is to provide the best possible information to Otherside participants. In order to realize this and remain independent, financial support came from us, the founders, as well as contributions from Sky is the Limit Ventures and nix.eth.

We integrate and enhance the following topics with our funding request:

  1. General Overhaul of our UI AND UX Design: As we grew our UI and UX has become outdated. We’re planning to modernize it significantly to meet current web standards.

  2. Modern Web Technologies: As we’re expecting a bright future for ApeChain & Otherside, we want to be able to scale for millions of users. We want to have a solid system using current standards such as Laravel & VueJS using serverless scaling technologies so we can focus on building the tech and not maintaining the servers. Using standards also makes sure the website is no longer dependent on a single person.

  3. Tailored Data Streams: Dealing with the large number of projects and news in the Otherside/Apecoin ecosystem can indeed be overwhelming. To address this, our platform is developing a major feature—an entirely personalized Apecoin/Gaming feed. We want to aggregate data and information from various platforms and community initiatives into one coherent stream.
    Users will have the flexibility to customize this feed to align with their specific interests and preferences.

  4. Deep Insights: We will continue to provide and expand our deep data insights into ApeChain and Otherside. Our goal is to support a growing number of games on ApeChain and provide valuable in-depth insights.

  5. Multilingual Support: To better serve the global community, we plan to add support in two of the world’s most widely spoken languages, Chinese and Spanish, in addition to English.

We carefully considered the timing of our AIP application with Apecoin and chose to proceed only when it became truly necessary. Given the unforeseen delays in the launch of Otherside, and the postponement of release dates, we believe now is the critical moment for this support. This funding will ensure the continued development and success of Otherside-Wiki, maintaining our commitment to keeping the platform predominantly free while preparing for a more comprehensive business model post-launch of Otherside.

Note from Agora-Marketplace.eth (SITL Ventures): In the last 2 years we’ve invested around 1,000 ETH in Otherside related assets and also funded together with nix.eth the first 2 years of operation for Otherside-Wiki. Hereby we’re committing another investment of $300,000 USD to cover a part of the development costs. For us it’s a risk to do a follow-up round while seeing Otherside delays. Therefore we would like to see a positive response on this proposal from the community to ensure all together another 2 years of operation + improvements for Otherside-Wiki.

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Partnerships & Integrations

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Faraway
After the acquisition of the assets of Kodamara, Mara and HV-MTL as part of Faraway, we have built a strong partnership with them. Together we have developed a tool that enables users to visualize future points within the Faraway ecosystem.

Otherpage
We have established a crosslinking partnership with Otherpage, enhancing visibility and exposure for both parties across our platforms.

Zharta
As early supporters of Zharta, we have integrated their digital asset rental protocol into our platform. In return, Zharta provides crosslinks from their website to our asset pages.

Inceptive Studio (in progress)
We are partnering with Inceptive Studio to seamlessly integrate our data and feeds into Otherside/Improbable.

Integrations

image

  • ApeCoin:
    We provide insights into the DAO and gaming activities related to ApeCoin, particularly within Faraway and Yuga Labs games.

  • Marketplaces:
    Our platform integrates listings from all major marketplaces, including Magic Eden, OpenSea, LooksRare, X2Y2, and the ApeCoin Marketplace.

  • Legends of the Mara / HV-MTL by Yuga Labs:
    We actively support every game developed and published by Yuga Labs. Our platform was the first to offer detailed insights and link on-chain data with in-game data.

Partners

  • Rocketcode:
    Our trusted development partner, providing additional developer resources as needed for various features.

  • Pixelrebel:
    Our go-to partner for graphical implementations and visual enhancements.

BENEFIT TO APECOIN ECOSYSTEM

Otherside and Apecoin Integration

Otherside will be the cornerstone use case for the Apecoin ecosystem. Our commitment to Apecoin integration not only expands its visibility but also solidifies its utility on our platform. As we roll out premium tools and features, we will exclusively use Apecoin as our accepted currency.

By supporting us, the Apecoin DAO & Community will benefit in several ways:

  1. Apecoin as Currency:
    With the introduction of advanced features and tools, all microtransactions within our platform will utilize Apecoin, particularly for transactions related to our data feed.

  2. ApeChain as Platform:
    Within the rollout of ApeChain, we will be one of the first DAPPs to actively support ApeChain.

  3. Game Integration:
    We will actively support and integrate games that have achieved significant popularity, further enhancing our platform’s ecosystem.

  4. Merge of Data:
    Our personalized Apecoin/Gaming Feed will consolidate data from various platforms and community initiatives into a single, streamlined personalized user experience.

By increasing the adoption and utility of Apecoin, our platform will not only serve as a dynamic showcase for the potential of Apecoin but will also motivate other developers and platforms to adopt Apecoin.

This could lead to an expanded user base with increased visibility to people outside of the current Apecoin ecosystem. This symbiotic relationship not only enables further growth of our platform but also drives the Apecoin ecosystem to broader adoption.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = $715,000 - to be paid in $APE

Sky is the Limit Ventures has committed additional $300k for development upon approval of the AIP. (Total Budget: $1,015,000)

Enhancement of the Platform Design and further Product Development: $680k (1) (2)

  • Design UI & UX: $45k
  • Framework Improvements & Integration: $265k
  • Smart Contract & Internal + External Audit: $80k
  • New Features: $160k
  • Adaptive Operations: $130k

Infrastructure & Maintenance Costs: $120k (1)

  • Hosting Costs: $60,000
  • Maintenance: $30,000
  • Licenses & third-party services: $30,000

Marketing & Business Development: $100k

  • Business Development & Partnerships: $60,000
  • Marketing & Community Engagement: $40,000

Operations & Contingency Funds: $90k (1)

  • Operations: $50,000
  • Contingency Fund: $40,000

Legal & Compliance: $25 (1) The budget proposal covers our maintenance, infrastructure and development costs for the next 2 years. (2) $300k are covered by SITL Ventures.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-463-empowering-otherside-wiki/24467

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.

This AIP falls above that threshold and will require 69% of votes to be approved.

For
1,466 votes
21 days ago

AIP-472: ApeLance: WEB3 Freelance Marketplace on ApeChain

Disclaimer: Due to the recent approval of AIP-436, all AIPs requesting an allocation denominated over US$250,000 will require a super majority approval of 69% of the total number of votes cast. The Foundation has already begun coordinating to develop our new Snapshot strategy to automate these new decision making guidelines, however, we will ensure compliance with this guideline manually in the interim.

This AIP falls above that threshold and will require 69% of votes to be approved.

PROPOSAL DESCRIPTION

ApeLance is set to transform the freelance landscape by offering a secure, transparent, and efficient platform powered by blockchain technology. By ensuring instant payments, confidentiality, and a robust verification system, ApeLance provides a reliable and innovative solution for freelancers and clients worldwide.

The Problem: Traditional freelance platforms often charge high service fees (up to 40%) and can delay payments for several days or even weeks. Freelancers and clients alike face issues with trust and transparency, as the terms of service and payment processes are controlled by centralized entities. In some regions, payments cannot be received, and transfers do not go through. With Web 3.0, we aim to ensure equal rights and opportunities for everyone across the globe.

ApeLance Competitive Advantages image

⭐ ApeLance: The Solution ApeLance leverages smart contracts on ApeChain to automate and secure payment processes. Payments in ApeCoin are instant and transparent, significantly reducing the risk of non-payment or delayed payment. Smart contracts hold funds in escrow and release them upon the completion of predefined milestones, ensuring that both parties fulfill their obligations. Payment delays can disrupt the cash flow for freelancers. By utilizing ApeCoin and smart contracts, ApeLance ensures immediate and secure payments upon task completion, providing financial stability for freelancers.

⭐ Easy Account Creation Creating an account on our platform is simple and does not require any personal information. Users can register using their wallet address created on ApeChain or their MOCA ID. This approach ensures that the personal information of both contractors and clients remains confidential, while also enhancing the platform’s usability regardless of the user’s location or background. ApeLance aims to eliminate these biases and create an equal opportunity environment for all users.

⭐ Bid Bidding allows freelancers to offer their services at competitive rates, ensuring clients receive the best value for their projects. By creating a competitive environment, clients can choose from a range of bids that suit their budget and quality expectations.

⭐ NFT Verification and Badge System The NFT Verification and Badge System is a key feature of ApeLance that allows users to verify their NFTs and receive a badge on their profile. This badge serves as a mark of authenticity and credibility within the ApeLance marketplace. Verified NFT badges provide clients and freelancers with an added layer of trust, knowing they are dealing with genuine members of the NFT community. NFT users can easily find and connect with others who share similar NFTs, fostering a sense of community within the marketplace.

⭐ Conclusion ApeLance is set to transform the freelance landscape by offering a secure, transparent, and efficient platform powered by blockchain technology. By ensuring instant payments, confidentiality, and a robust verification system, ApeLance provides a reliable and innovative solution for freelancers and clients worldwide.

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Freelancer: An individual who offers their services on a project-by-project basis, often working independently and remotely.
Client: An individual or entity that hires freelancers to complete specific projects or tasks.

🌍 Facts about Freelancing Worldwide

▶ Statistics

Growth: The freelance workforce is growing rapidly, with an estimated 59 million freelancers in the United States alone, contributing $1.2 trillion to the economy. Freelancing is a global phenomenon, with freelancers from around the world offering their services to clients across borders.

Flexibility: One of the main reasons people choose freelancing is the flexibility it offers in terms of work hours, location, and choice of projects. Freelancing allows individuals to have more control over their work-life balance, leading to higher job satisfaction and overall well-being.

Cost-Effectiveness: For companies, hiring freelancers can be more cost-effective than hiring full-time employees, as they only pay for the work done

Speed and Efficiency: Freelancers can often complete projects more quickly and efficiently than traditional employees, as they are highly motivated to deliver quality work. Freelancers bring fresh perspectives and ideas to projects, contributing to innovation within companies.

🪙 Freelance Industry Financial Statistics:

▶ Statistics

Revenue Growth: The global freelance market was valued at $1.5 trillion in 2020 and is projected to reach $2.7 trillion by 2028, with a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028.

Regional Revenue Distribution: North America accounted for the largest share of the freelance market revenue in 2020, followed by Europe and Asia-Pacific.

Sector Contribution: The technology sector is the largest contributor to freelance revenue, followed by design and creative services, and administrative support.

Freelance Platform Revenue: Online freelance platforms generated $5 billion in revenue in 2020, a significant increase from previous years, driven by the shift to remote work and the gig economy.

Our goal is to create a blockchain-based P2P freelance platform to capture 0.1% of this rapidly growing market. Unpredictable events such as the COVID-19 pandemic and subsequent isolation have demonstrated that people’s lives are not fixed. The next generation dreams of working on diverse projects from anywhere in the world rather than settling in one place.

BENEFIT TO APECOIN ECOSYSTEM

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Increased Utility for ApeCoin

Payment Medium: Using ApeCoin as the primary currency on ApeLance will increase its demand. Freelancers will receive payments in ApeCoin, encouraging them to hold, use, or trade it within the ecosystem. ApeLance will facilitate numerous transactions daily, boosting the transaction volume and liquidity for ApeCoin._

New User Acquisition: By targeting freelancers and clients globally, ApeLance will attract new users to the ApeCoin ecosystem, including those who have not previously engaged with crypto. ApeLance will encourage active participation from the ApeCoin community, including developers, designers, marketers, and other freelancers, fostering a vibrant and collaborative environment. The platform will help businesses find skilled freelancers quickly and efficiently, driving economic activity within the ApeCoin ecosystem._

NFT Verification: The NFT verification feature will incentivize NFT holders to use and hold ApeCoin, increasing engagement within the ApeCoin ecosystem._

Long-Term Viability: The decentralized and transparent nature of ApeLance ensures its sustainability without reliance on a central authority, aligning with the principles of decentralization and self-sovereignty central to the ApeCoin community._

The 0.1% of the market we are targeting amounts to $500 million, representing the total sales between employers and employees. We will generate revenue by taking a commission from these transactions.

According to our estimates, payments for jobs can be made using all types of coins available on ApeChain, with the commission structure as follows:

  • 0.5% marketplace fee will be charged if paying and receiving payments using ApeCoin.

  • 1% fee will be charged if payment is made in other coins.

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The 0.5% (ApeCoin) and 1% (other coins) fees would only be collected from the client, ensuring that freelancers receive the full payment for their work. This approach aligns with our goal to attract and retain top talent by maximizing their earnings.

Aside from the marketplace fee, the core features of Apelance will be free to use. However, we plan to introduce premium features in the future, such as enhanced profile visibility, advanced project management tools, and access to exclusive job postings. The costs for these premium features are still being finalized and will be competitive with market standards.

Tipping will also be a feature offered by Apelance. We recognize the importance of allowing clients to show appreciation for exceptional work beyond the agreed-upon payment. Apelance will take a small percentage of the tips provided, set at 1%. This rate is designed to cover the administrative costs while ensuring the majority of the tip goes to the freelancer.

We plan to spend 20% of commissions rewarding our most active users and 10% to support initiatives of ApeCoin DAO. Our goal for the next five years is to attract 0.1% of the market, which is estimated $2.5 million. The 20% of commissions allocated for rewarding our most active users will be distributed based on a point system. Points will be awarded for activities such as completing projects, receiving high ratings, and contributing to community discussions. These points can be redeemed for ApeCoin or used to access premium features. The 10% allocated to support ApeCoin DAO initiatives will be used to fund projects and events that align with the DAO’s goals, such as educational programs, community meetups, and development grants. Detailed criteria and application processes for these funds will be developed in collaboration with the DAO.

We understand the importance of security, especially when dealing with token holders’ wallets. We have plans to conduct comprehensive security audits with reputable firms before the platform goes live. Although the auditing process has not yet begun, we will provide proof of these audits once they are completed.

Additionally, users will receive a Job NFT Badge, and job ads and information for NFT-certified users within the Yuga Labs ecosystem will appear at the top of listings. Similarly, Mocaverse NFTs will also rank high.

The appearance order for listings will be:

  1. BAYC
  2. MOCA
  3. MAYC
  4. Other ecosystem NFTs

This ranking system will provide advantages to these NFT users, ensuring they reach potential clients faster. Organizations interested in multitasking can also include NFT sales to leverage these benefits.

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Regarding the use of ApeCoin trademarks, we do not expect to maintain full ownership rights to the content or IP created as a result of the approval of our proposal. We anticipate that any content produced will be owned by the ApeCoin DAO, aligning with the principles of decentralization and community ownership.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = $277,000

Technical Development:

  • Smart Contract Development: $10,000

    • Developing the smart contracts that will power the decentralized freelance marketplace, ensuring security and functionality.
  • Integration with ApeChain: $20,000

    • Integrating the platform with the ApeChain blockchain, including wallet integration and transaction processing.
  • Security Audits: $20,000

    • Conducting comprehensive security audits to identify and fix vulnerabilities in the smart contracts and platform.
  • Blockchain Node Setup and Maintenance: $25,000

    • Setting up and maintaining the necessary blockchain nodes to support the platform’s operations.

User Interface Design

  • UX/UI Design: $5,000

    • Designing the user interface for the platform, focusing on user experience and ease of use.
  • Front-End Development: $25,000

    • Developing the front-end of the platform, including responsive design for different devices.
  • Testing and Iteration: $15,000

    • Conducting user testing and iterating on the design based on feedback to ensure a seamless user experience.

Deployment and Launch

  • Deployment Costs: $10,000

    • Deploying the platform on the ApeChain mainnet, including final testing and optimization.
  • Launch Marketing: $30,000

    • Marketing activities to promote the platform launch, including social media campaigns, influencer partnerships, and press releases.

Monitoring and Maintenance (1 year)

  • Ongoing Maintenance: $60,000 ($5,000 per month)
    • Continuous monitoring and maintenance of the platform to ensure stability, performance, and security. This includes server costs, bug fixes, and updates.

Additional Features and Enhancements

  • Bidding System Implementation: $10,000

    • Developing and integrating a bidding system for freelancers to propose their rates and timelines for projects.
  • NFT Verification and Badge System: $15,000

    • Implementing a verification and badge system for NFT holders to authenticate their profiles and increase credibility.
  • Payment Gateway Enhancements: $12,000

    • Enhancing the payment gateway to support various cryptocurrencies and ensure seamless transactions.

Miscellaneous Expenses

  • Contingency Fund: $20,000
    • Allocated for unforeseen expenses and to cover any additional costs that may arise during the project.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-472-apelance-web3-freelance-marketplace-on-apechain/24602

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.

This AIP falls above that threshold and will require 69% of votes to be approved.

For
1,466 votes
21 days ago

AIP-481: Building the Modular IP Layer with ApeCoin

Disclaimer: Due to the recent approval of AIP-436, all AIPs requesting an allocation denominated over US$250,000 will require a super majority approval of 69% of the total number of votes cast. The Foundation has already begun coordinating to develop our new Snapshot strategy to automate these new decision making guidelines, however, we will ensure compliance with this guideline manually in the interim.

This AIP falls above that threshold and will require 69% of votes to be approved.

PROPOSAL DESCRIPTION

This AIP is designed to showcase the complete scope of the project, including the current build stage of https://www.ip3.cc/

With a functioning MVP landing page, we require support to accelerate the completion of the product.

The remaining outstanding items include:

  • Build out of the front end UI ensuring complete seamless workflow from user onboarding, through to IP sales and revenue funnels.
  • Backend contracts, although written, require implementation.
  • Backend infrastructure scaling to support system growth.
  • Team scaling for accelerated development to include an additional UI/UX designer and developers continuing through to post deployment support.
  • Contract auditing and security systems require implementation.

IP3.cc allows holders to determine their own IP use for their asset, providing these licenses on an open marketplace for all consumers to be able to purchase, utilizing the IP within the agreed legal parameters. It is a much wider IP use case, providing for greater opportunity; overall increase in brand awareness through increased decentralized IP usage.

For example: I own a BAYC - I can apply multiple licenses to it allowing for people to lease the right to use the IP for advertising, physical merchandise, comic books, animations etc. Now my asset is accessible to 4 different addressable markets.

This AIP is focused on increasing the capacity of IP utility, whilst providing the legal framework and monetization structure to support it. As we support all NFT collections, this will positively affect the utility of ApeCoin also.

External to product development, it is crucial that this AIP supports the peripheral strategic components that will ensure success:

  • Strategic marketing plan and execution
  • Education schedule and material to be delivered to NFT holders
  • Legal Consultation and preparation of agreements, smart contract integration
  • Maintenance and technical infrastructure support

BENEFIT TO APECOIN ECOSYSTEM

IP3.cc provides a robust, scalable IP platform which is dedicated to enhancing the rights and commercialization for NFT holders.

Its legal framework, backed by immutable provenance on the blockchain, will ensure that it is the first and best in class for delivering value back to holders.

As the payment currency will only be in $ApeCoin, it guarantees that the final payment settlement will always be in $ApeCoin, providing a consistent and balanced tokenomic model which contributes to the whole ecosystem.

We aim to position IP3.cc as the preferred NFT IP solution and are able to provide the following long term and consistent benefits back to the ApeCoin Ecosystem:

  • ApeCoin will be applied in merchandise Market for consistent and available brand awareness.
  • The platform charges 2.5% trading fees for licensing and merchandise Market.
  • All NFT IP listed on Licensing market should pay 1 ApeCoin for each listing.

Core Benefits to ApeCoin DAO:

  1. 50% of fees generated will be given to ApeCoin DAO in perpetuity.
  2. Licensing fees will be paid in ApeCoin only.
  3. All trading fees within the marketplace will be paid in ApeCoin only.
  4. With IP3 Layer being accessible to all NFT collections on the Ethereum network at first, this enables for a broader adoption and utility of ApeCoin as it will be the only settlement form of payment.
  5. Fiat processing mechanism will be utilized to allow for easy onboarding of new capital with a frictionless payment system.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund is 781,000 ApeCoin / $469,000 USD.

Budget:

Product Development - 240,000 APECOIN

  • UI/UX Design
  • Smart Contract Development
  • Front-end Developer hire
  • Back-end Developer hire
  • Product Design and Management
  • Internal security monitoring and integrity alert system

Marketing - 210,000 APECOIN

  • PR and Media coverage
  • Social media campaigns
  • Joint brand collaborations and campaigns

Educational Packages - 96,000 APECOIN

  • NFT IP Protection
  • IP Licensing Education

Legal & Consultant - 85,000 APECOIN

Security - 50,000 APECOIN

  • Smart Contract Audits
  • Platform Security Audits (external)

Maintenance and Support - 100,000 APECOIN

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-481-building-the-modular-ip-layer-with-apecoin/24668

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.

This AIP falls above that threshold and will require 69% of votes to be approved.

Against
1,466 votes
21 days ago

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