GP9 Measures DRAFT - NFT Rewards - Governance Discussions / Governance Measures - Algorand
GP9 Measures DRAFT - NFT Rewards
post by Adri on Nov 14, 2023
Adri
Algorand Foundation
NFT Rewards Approval and Allocation
The NFT Rewards Program effect has gone beyond volume growth, as shown in our latest progress report, and proved to be a source of attention from platforms and users on other chains strengthening our positioning among other top NFT chains. Here are some examples from Q4.
- NFT enthusiasts recognizing Algorand’s numbers in comparison to other chains deploying millions in tokens.
- DappRadar recognized Rand’s bucking the wider NFT trend.
- A shift of community sentiment providing growth opportunities for existing Algorand projects.
- Messari Algorand Q3 Report’s key insights highlighted the success of the NFT rewards pilot.
Considering that NFT rewards are subtracted from the amount available for general rewards, we have a measure seeking governors’ approval to run the NFT rewards program in Q1 and a measure seeking the approval of 650K Algo for the program in Q1, an increase of 150K from Q4’s deployment.
(The Foundation supports option A on both measure below.)
Measure - Should we run the NFT Rewards program in Q1/2024?
A. Yes
B. No
Measure - How much for NFT rewards in Q1/2024?
A. Allocate 650K Algo
B. Allocate 500K Algo
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