PROPOSAL NAME:
ApeCoin DAO’s Otherside Strategy
PROPOSAL AUTHOR:
DIM, Metaverse WG Steward
TEAM DESCRIPTION:
The ApeCoin DAO strategy for Otherside will be executed by the ApeCoin Metaverse Working Group (MWG) and led by DIM, Metaverse Steward under the supervision and in consultation with a group of 4 members of the community selected by the MWG referred hereafter as the Otherside Committee. PirΞx.eth, co-founder of Zharta, the first Otherside renting protocol will advise on the technical side.
DIM: ApeCoin Metaverse Steward
Otherside Committee:
The Otherside Committee will advise on the asset selection and their use. The 4 members of the Committee are:
Frostyz: Founder of Otherside Wiki
Waldo: Active Otherside community member
A Raving Ape: Active Otherside community member
Richpor.eth: Active Otherside community member
Advisors:
pirΞx.eth: Co-founder of ZHARTA - Otherside renting protocol
Members of the committee were selected for their knowledge of the Otherside ecosystem and passion for it. The Otherside Committee is selected for a period of one ( 1 ) year following the voting period in case of positive outcome.
PROPOSAL DESCRIPTION:
As we know, Otherside’s primary currency will be ApeCoin. To that extent it’s important to reflect on an ApeCoin DAO presence within the game and outside of it.
The strategy is separated in two parts: Acquisition and Usage. What assets should be acquired by the DAO and how they should be used.
Different types of assets to acquire:
Otherdeeds: Both Otherdeed for Otherside and Otherdeed Expanded
Vessels and Maras
Kodas
Relics
BENEFIT TO APECOIN ECOSYSTEM:
Here is a non-exhaustive and evolving list of how the DAO could use their Otherside assets to benefit the community and the DAO.
Community
With Yuga supporting delegations and making the hot wallet the main wallet to claim benefits we can also bring new mechanics and usage to the assets.
Offering the delegation of assets (ie: the power of a Koda for 2 weeks to use in LOTM) to the community via partnerships.
Demo access: Community members who don’t own deed and are interested to participate to demo trips could do it using the DAO Assets.
Giveaway of lower value assets like Relics.
Content Creation
Stimulate content creation by delegating assets to creators who wants to do tests/reviews of the game (LOTM etc).
Building in Otherside
ApeCoin headquarters
Checkpoints: on smaller lands across the map and activated them during special events. If Otherside is built on a Layer 2 with very low gas fee we can imagine small reward distributions ( 1 or 2 ApeCoin for a task).
Promoting passed AIPs on lands through activations.
Participating in Otherside
The DAO could leverage the assets they own by participating in the different activations such as LOTM by farming sediments and collecting loot for future use.
Possible revenue stream
Platforms like Zharta allow holders to rent their assets. The DAO could rent their Kodas in return of ApeCoin providing a revenue stream that can be allocated to the activations in Otherside.
In order to track holdings, delegated assets and treasury. Frostyz, Founder of Otherside Wiki will develop a custom dashboard publicly accessible.
RULES:
As part of the buying process, a few rules will be followed:
No assets belonging to the MWG members and Committee members can be bought.
If an asset is listed in several marketplace at a similar price, it will be bought in the Magic Eden marketplace as a priority with royalty enforced.
Members of the Committee and MWG can’t talk externally of the assets planned to be bought.
STEPS TO IMPLEMENT:
Phase 1 (DONE): Consultation with the community via forum and calls.
Phase 2 (DONE): Feedback implementation and poll to define the grant amount to request.
Phase 3 (DONE): Assembling an « Otherside Committee »
Phase 4 : AIP submission
Phase 5 : Voting Period
Phase 6 : Creation of the communication channel for the MWG and Committee
Phase 7 : Initiation of the process of Asset Acquisition
REPORTING EXPECTATIONS:
The community will be able to see the progress of the AIP with both transparency reports published in the forum and have access through the special dashboard to a view including all purchases and remaining funds.
OVERALL COST:
Total amount requested from the ApeCoin Ecosystem Fund = $ 800 , 000 USD.
The budget for this AIP was determined in the discussion phase through a poll. The final amount is $ 800 , 000 . 00 USD payable in $APE was decided. The amount will be used exclusively to buy, manage and activate.
The proposal outlines the ApeCoin DAO's strategy for Otherside, focusing on asset acquisition and usage within the Otherside ecosystem. The team includes the ApeCoin Metaverse Working Group and an Otherside Committee. The proposal details various assets to acquire, benefits to the ApeCoin ecosystem, rules for purchasing assets, steps to implement the plan, reporting expectations, and the overall cost of $800,000 USD from the ApeCoin Ecosystem Fund for asset acquisition, management, and activation.
furiousanger: DIM:
Which usage is the most relevant for you
Another AIP imo failed as the clarity around this point was very specific in the written AIP, however on spaces the author made it clear use cases could be any (not limited to gaming rewards) and decided on by a DAO vote (which many liked, but was meaningless tbh as the written AIP didn’t relay this and was already up to vote). So perhaps let’s not hardcode in use cases, leave them open, if a communtiy member comes up with a good idea they would submit an AIP detailing everything and then the communtiy would discuss and decide via a vote as usual. (Possibly ring-fence some for certain purposes etc etc, but communtiy seemed to like non-defined more.)
Tl;dr the wallet would be controlled by the DAO (or at least a set percentage of the assets) and usage would be decided on an individual basis via AIPs and then communtiy voting.
GL with this. Prices for these assets are still low right now, so seems like a good time to buy and own pieces of our future.
Hey Dim!
Great job on this and excited to see such great vision here. I also think it’s an awesome …
Hey Dim!
Great job on this and excited to see such great vision here. I also think it’s an awesome idea to open up these resources for the community to use through delegated wallets. How cool is that!!
Looking forward to seeing this come to fruition!!
AC :sunglasses:
Exciting proposal from ApeCoin DAO for the Otherside Strategy, emphasizing community involvement an…
Exciting proposal from ApeCoin DAO for the Otherside Strategy, emphasizing community involvement and innovation in asset rental. :smiling_face_with_three_hearts: :top:
Interesting proposal, Dim!
I think it makes sense that the DAO has a presence in Otherside. It make…
Interesting proposal, Dim!
I think it makes sense that the DAO has a presence in Otherside. It makes sense that it has assets allowing the DAO to highlight different use cases and how APE can be used by Voyagers.
The DAO could ask for enough funds to start with a smaller amount of assets to try these initiatives out and see what works best. Maybe something like:
5 to 10 Kodas
5 to 10 deeds
10 Maras of different roles (hunters, farmers, enchanters)
If the initiatives are shown to be effective, then the DAO could think of increasing or not the size of the initiative.
PS: Zharta will be available to help in the execution of this AIP. Several points presented are already possible to be done using Zharta, not only rentals. The DAO can use Zharta to rent out assets but also to delegate them to other community members through different initiatives. The DAO can deposit the assets and then manage them to implement all these initiatives. Zharta is also available to develop the necessary features to enable other use cases that may be relevant.
DIM:
Which usage is the most relevant for you
Another AIP imo failed as the clarity around t…
DIM:
Which usage is the most relevant for you
Another AIP imo failed as the clarity around this point was very specific in the written AIP, however on spaces the author made it clear use cases could be any (not limited to gaming rewards) and decided on by a DAO vote (which many liked, but was meaningless tbh as the written AIP didn’t relay this and was already up to vote). So perhaps let’s not hardcode in use cases, leave them open, if a communtiy member comes up with a good idea they would submit an AIP detailing everything and then the communtiy would discuss and decide via a vote as usual. (Possibly ring-fence some for certain purposes etc etc, but communtiy seemed to like non-defined more.)
Tl;dr the wallet would be controlled by the DAO (or at least a set percentage of the assets) and usage would be decided on an individual basis via AIPs and then communtiy voting.
GL with this. Prices for these assets are still low right now, so seems like a good time to buy and own pieces of our future.
DIM: Great point, yes the usage will definitely not limited to the ones that are mentioned here. I will definitely mention it. I like the idea of votes but maybe not a full AIP for each.
Thanks for the reply Pirex, appreciate you taking the time for feedback and for proposing help. I’l…
Thanks for the reply Pirex, appreciate you taking the time for feedback and for proposing help. I’ll definitely be in touch with you very soon!
Hi Matt, thanks for taking the time. Posting at this stage with feedback requests was to gather as …
Hi Matt, thanks for taking the time. Posting at this stage with feedback requests was to gather as much opinions and comments as possible.
You are making a lot of valid points, in regard to the focus on other game/metaverse/creators etc we are doing it too. This strategy for Otherside but more will come very soon.
Great point, yes the usage will definitely not limited to the ones that are mentioned here. I will …
Great point, yes the usage will definitely not limited to the ones that are mentioned here. I will definitely mention it. I like the idea of votes but maybe not a full AIP for each.
popil - Marketing & Communications Working Group Steward
Jan. 22, 2024, 10:35 a.m.
Love the idea"Stimulate content creation by delegating assets to creators who want to playtest/revi…
Love the idea"Stimulate content creation by delegating assets to creators who want to playtest/review (LOTM, etc.).".
It’s easy to envision the scope of this proposal, and it will undoubtedly help onboard more users. Implementing it on Layer 2 will also accelerate ecosystem development. Overall, I believe it’s a great proposal that provides a broader vision for the metaverse.
Great job!
CC @CypherGlaze
The ApeCoin DAO’s inspiring Otherside Strategy proposal showcases commendable community focus and a…
The ApeCoin DAO’s inspiring Otherside Strategy proposal showcases commendable community focus and asset rental innovation - eager to see this vision actualized!
Thanks Popil! Also a lot of cool possibilities for Marketing, we will definitely leave the field of…
Thanks Popil! Also a lot of cool possibilities for Marketing, we will definitely leave the field of possibilities open and not limited to these exemples.
Love to get your view on this AIP that failed to pass. I think this is the real core issue that ne…
Love to get your view on this AIP that failed to pass. I think this is the real core issue that needs to be addressed with regarding to Metaverse assets. Are there already alternatives to what was planned in AIP- 324 ?
AIP- 324 : ApeCoin DAO Governed GameFi Smart Contract Wallet Rejected AIPs
PROPOSAL NAME
ApeCoin DAO Governed GameFi Smart Contract Wallet
PROPOSAL CATEGORY
Ecosystem Fund Allocation
ABSTRACT
This AIP aims to build Apecoin DAO smart contract Wallets for GameFi NFts and establish a Lend assets & rewarding vault for the Game community.
Apecoin DAO Wallets wanted to implement active user engagement in a Game community by enabling GameFi Segment with the DAO and smart contract Wallets. With the rise of NFT-based P 2 E games, it’s crucial to build a community-driv…
AIP 381 is the updated and resubmitted version.
Feel free to ask any questions there.
We also add…
AIP 381 is the updated and resubmitted version.
Feel free to ask any questions there.
We also added some Q&A and appendix for a better understanding
AIP- 381 : ApeCoin Powered GameFi DAOs & Vaults - Resubmission Live AIPs
ORIGINAL PROPOSAL:
AIP- 324 : ApeCoin DAO Governed GameFi Smart Contract Wallet
RESUBMISSION UPDATES:
We have made the content more clear and fluid.
Now all the features and values are better explained.
Major change is in the terms, while we left the original request (despite overall cost increasing on our side) we offer the ApeDAO a substantial percentage of our STZ token supply ( 2 . 02 %), making the ApeDAO token holder at the same level as founders.
PROPOSAL NAME:
ApeCoin Powered GameFi DAO…
12GAUGE.Admin - Facilitator, This user is a moderator
Jan. 26, 2024, 3:53 p.m.
Hi @DIM ,
The community feedback period for your proposal would be ending in less than 24 hours.
…
Hi @DIM ,
The community feedback period for your proposal would be ending in less than 24 hours.
If you’re content with the feedback received, your next steps are to finalize your proposal using the AIP Draft Template.
A moderator will reach out to the author to finalize the AIP Draft. Upon receipt of the final Draft, we will review and provide instructions on the next steps.
Are you ready to proceed to the next phase or do you wish to extend community discussion for another 7 days?
We look forward to hearing from you.
-@Facilitators
12GAUGE.Admin - Facilitator, This user is a moderator
Jan. 26, 2024, 6:27 p.m.
Hi ApeCoin DAO Community,
@DIM has requested to extend the community discussion period for this AIP…
Hi ApeCoin DAO Community,
@DIM has requested to extend the community discussion period for this AIP idea. This topic will automatically close a further 8 days from now. We encourage the community to continue to engage in thoughtful discussions through constructive criticism, honest feedback, and helpful suggestions.
Follow this Topic as further updates will be posted here in the comments.
-@Facilitators
12GAUGE.Admin - Facilitator, This user is a moderator
Feb. 2, 2024, 8:37 p.m.
Hi @DIM ,
The community feedback period for your proposal would be ending in less than 24 hours.
…
Hi @DIM ,
The community feedback period for your proposal would be ending in less than 24 hours.
If you’re content with the feedback received, your next steps are to finalize your proposal using the AIP Draft Template.
A moderator will reach out to the author to finalize the AIP Draft. Upon receipt of the final Draft, we will review and provide instructions on the next steps.
Are you ready to proceed to the next phase or do you wish to extend community discussion for another 7 days?
We look forward to hearing from you.
-@Facilitators
12GAUGE.Admin - Facilitator, This user is a moderator
Feb. 3, 2024, 12:23 p.m.
Hi ApeCoin DAO Community,
@DIM has requested to extend the community discussion period for this AIP…
Hi ApeCoin DAO Community,
@DIM has requested to extend the community discussion period for this AIP idea. This topic will automatically close a further 7 days from now. We encourage the community to continue to engage in thoughtful discussions through constructive criticism, honest feedback, and helpful suggestions.
Follow this Topic as further updates will be posted here in the comments.
-@Facilitators
12GAUGE.Admin - Facilitator, This user is a moderator
Feb. 9, 2024, 11:59 a.m.
Hi @DIM ,
The community feedback period for your proposal would be ending in less than 24 hours.
…
Hi @DIM ,
The community feedback period for your proposal would be ending in less than 24 hours.
If you’re content with the feedback received, your next steps are to finalize your proposal using the AIP Draft Template.
A moderator will reach out to the author to finalize the AIP Draft. Upon receipt of the final Draft, we will review and provide instructions on the next steps.
Are you ready to proceed to the next phase or do you wish to extend community discussion for another 7 days?
We look forward to hearing from you.
-@Facilitators
12GAUGE.Admin - Facilitator, This user is a moderator
Feb. 10, 2024, 2:52 p.m.
Hi ApeCoin DAO Community,
@DIM has requested to extend the community discussion period for this AIP…
Hi ApeCoin DAO Community,
@DIM has requested to extend the community discussion period for this AIP idea. This topic will automatically close a further 7 days from now. We encourage the community to continue to engage in thoughtful discussions through constructive criticism, honest feedback, and helpful suggestions.
Follow this Topic as further updates will be posted here in the comments.
-@Facilitators
12GAUGE.Admin - Facilitator, This user is a moderator
Feb. 16, 2024, 11:56 p.m.
Hi @DIM ,
The community feedback period for your proposal would be ending in less than 24 hours.
…
Hi @DIM ,
The community feedback period for your proposal would be ending in less than 24 hours.
If you’re content with the feedback received, your next steps are to finalize your proposal using the AIP Draft Template.
A moderator will reach out to the author to finalize the AIP Draft. Upon receipt of the final Draft, we will review and provide instructions on the next steps.
Are you ready to proceed to the next phase or do you wish to extend community discussion for another 7 days?
We look forward to hearing from you.
-@Facilitators
