Decentraland

by 0xed0e0cb94f60f72ec94bef848f5df4cbd365af1d (InJesterr)

Linked Draft Proposal

Decentraland Governance - Lowering Wearable Publishing Fee

Summary

As someone deeply invested in our metaverse, I believe in our power to shape DCL. This proposal is an extension of that belief, aiming to refine the structure of wearable fees in a way to balances economic viability, inclusivity, and sustainability.

Abstract

Summary:

This proposal revolves around redefining the wearable submission fee, aligning it more closely with our community’s ethos and the needs of our growing metaverse. By setting the fee at $100 USD, paid in MANA, and directing a portion of it to curators, the Catalyst network, and the DAO’s Grants Program, we can ensure a healthy ecosystem that benefits creators, curators, and the entire Decentraland community.

Motivation

Motivation:

My aim is to decrease the fees, making the Decentraland platform more appealing to new users. By reducing the fee, we increase the likelihood of new users engaging in creative endeavors. Currently, numerous projects are actively integrating with Decentraland. To entice these newcomers into releasing wearables as well, we need to establish incentives. This adjustment would yield benefits for them, the DAO, Curators, and even the Catalyst.

Observing the willingness of some individuals to further reduce the fee, I am inclined to approach this gradually. Initially, I propose reducing the fee to $100, allowing us to assess its impact. This figure is both straightforward and easily divisible among the DAO, Curators, and Catalyst, providing a smooth transition.

Proposal Details:

In this proposal, I outline a restructuring plan for the wearable submission fee that addresses various aspects of our community’s needs.

Specification

Fixed USD Price, Paid in MANA: The proposed fee is $100 USD, payable in MANA. This approach removes the concerns around crypto price volatility while offering creators a stable pricing point.

Curator Compensation: A significant portion (30%)/($30) of the fee will be dedicated to compensating curators. Recognizing the importance of their role in maintaining quality and integrity, this compensation aligns with their responsibilities.

Catalyst Network Support: To sustain the Catalyst network, which underpins the Decentraland experience, a portion (10%)/($10) of the fee will be directed towards supporting the hosting expenses. This ensures our platform’s stability and reliability.

DAO Investment in Growth: A substantial share (60%)/($60) of the fee will be allocated to the Decentraland DAO’s Grants Program. This commitment reflects our dedication to fostering innovation, development, and the overall expansion of our metaverse.

Impacts

Impact:

By reducing the fee to $100, this proposal aims to create a more appealing environment for creators to launch their wearables, thus fostering a larger pool of participants in the marketplace. This adjustment in pricing not only supports budget-conscious creators but also serves to mitigate the potential curation challenges that could arise due to low-quality submissions.

Furthermore, this initiative addresses the creators’ concerns about budgeting uncertainties linked to MANA fluctuations, rendering the process of project budgeting and service promotion more stable and reliable.

The suggested valuation of $100 USD for each wearable submitted strikes a balance between incentivizing creators while concurrently deterring spam submissions. This equilibrium not only encourages the influx of high-quality wearables but also underpins the fundamental financial aspects essential to sustain a wearables marketplace.

Implementation Pathways

Implemantation

To actualize this idea, the foundation or Security Advisory Board (SAB) should take the lead in its implementation. The following steps outline the process:

Foundation/SAB Oversight: Enlist the support of the foundation or SAB to initiate the proposed changes. Their involvement will lend credibility and expertise to the implementation process.

DAO Committee Payment Adjustment: Task the DAO Committee members with revising curator payments, reflecting the enhanced value of the curation process.

Conclusion

Conclusion

By reshaping the wearable submission fee structure, we empower creators, acknowledge curators, bolster the Catalyst network, and fuel the growth of our metaverse through the DAO’s initiatives. This proposal reflects our community’s collective aspirations and acknowledges the collaborative efforts that make Decentraland extraordinary.

Given the current minimal traffic, it would prove advantageous to engage creators who have lower operational expenses. The curation committee is in the process of expansion, considering a rate of approximately $30 for each wearable under review. This adjustment, along with channeling $60 back to the DAO & $10 to the catalyst, would significantly enhance accessibility.

A reduced fee makes it appealing for new users to participate in the Decentraland creators program.

This proposal is summarized due to technical limitations. To view it complete and vote on it, visit the DCL DAO Governance dApp