DAOBeatz
Title: DAOBeatz
Authors: jengajojo.eth, OrnellaWeb3
Squad: FreedomFighter, Chrisfcrypto, NFThinker, jengajojo, OrnellaWeb3, Pub
Summary
Sum up this proposal in a few bullet points or sentences.
BACKGROUND
As BanklessDAO, we have been producing fantastic content about web3 & crypto through two main mediums: written content and podcasts. Most of this content is geared towards folks who are already red-pilled into crypto or are generally interested in reading or listening to podcasts as a medium of consuming information.
However, the average person who is far away from being red-pilled, or even completely hates crypto, will be reluctant to read or listen to our content no matter how many tokens we airdrop someone for their attention. On the other hand, the average person enjoys music, movies, and on-demand visual content. If we are to onboard folks with these interests into crypto, we have to produce content in these type media platforms and along the theme of content that is ‘entertaining’ for the average person.
“Music provides a soul to content
Music helps manifest culture into reality
Music makes the world go round”
MISSION & VALUES ALIGNMENT
On the way to onboarding the next billion people into crypto, we will encounter people who do not enjoy reading or listening to podcasts. However, there are many more people who generally enjoy listening to music and vibe with their favorite artists. DAOBeatz will help onboard the next billion by helping musicians create music NFTs as well as creating music NFTs for bDAO and other DAOs in web3.
SCOPE OF WORK
The DAOBeatz team has been working hard over the past few weeks and this grant is divided into retroactive funding as well as funding for future work all the way till the 4th of May 2022, where we will release a music NFT which vibes with crypto and bDAO memes as our first release for the first birthday of the BanklessDAO.
5% of all proceeds from all NFTs sold by the DAOBeatz project will be sent to the Bankless DAO treasury.
All NFTs produced by DAOBeatz will be published under the (CC0) Creative Common license.
SPECIFICATION
The DAOBeatz project has three overarching major goals:
1. Onboard musicians to Web3
Musicians, today, live in a world where they receive less than 10% of the proceeds from their music as income. Record labels and streaming platforms take away most of the revenue as ‘middle-men’. Web3 and NFTs offer musicians a way to monetize their content by making it directly interactable with their audience. A music creator can now earn a good life by selling his/her work to their hundred true fans instead of earning a few bucks for a million on Spotify.
However, many musicians do not have the tools or understanding necessary to enable this transition. Initially we will work with musicians and bands who already want to take the NFT route and design workflows, enable processes and ‘hand-hold’ them to their first NFT drops. In the long term, we want to enable the musicians to create and drop their own NFTs as well as work with other musicians who are yet to understand the benefits of NFTs for their music.
- Promote bankless lifestyle with music
Music helps manifest culture into reality. Over the past months we have seen many BanklessDAO members interested in owning part of the Bankless lifestyle via art NFTs. We want to create more culture artefacts with the help of music to
- Enable Bankless members to fund creation of the Bankless lifestyle
- Enable easy access to bankless memes for those who find it too difficult to understand our written content
- Memefy crypto culture to the world by offering music creation as a service to other DAOs
Just as Bankless content is difficult or uninteresting for no-coiners today, so is content produced by other DAOs and foundations in web3/crypto. Imagine the implication of the next hit song being about Ethereum and the merge, or about AAVE and it’s meme of being the world’s first ‘Bank of nowhere’.
The bottomline is that crypto struggles with explaining itself to the mainstream audience, because we do not produce content in the media that mainstream audience is used to. With DAOBeatz we can enable culture (which is a foundation of community) to thrive in all DAOs across web3 by making music which propogates the memes of each community.
FINANCIAL IMPLICATIONS
Part 1: Rectroactive Funding
(I have added some suggestions for costs, please edit as required)
- Website (20,000 BANK)
- Lyrics (10,000 BANK)
- Music (10,000 BANK)
- Video (10,000 BANK)
Part 2: NFT Drop
(not sure what all costs are involved here yet)
- Social media ??
- Ops??
BRAND USAGE
DAOBeatz will be the only brand we will use to promote this project
SUCCESS METRICS OR KPIS
Launch website
Drop the first NFT on the 4th of May
Anything else?
NEXT STEPS
??
SQUAD BACKGROUND
Please add some blurb about your background here:
Eg: jengajojo: Degan yield farmer
POLL (Discourse Post Usage Only)
Add a poll with a clear for or against position (e.g., Approve/Reject or Yes/No). You can include a “support direction, but needs improvement” option, but that will be counted as a Reject/No vote for any funding purposes.
Include links to any other polls that have been conducted, such as discord polls to gauge support.