Following my first post here on the powerDAO forum few weeks ago, we have decided not to push any funding request for voting by then and instead spent the necessary time analysing and working on a new, comprehensive plan to support SIGN Art.
The new version of the marketplace will include a wide range of changes that we believe will bring added value and attract more users to the platform. It will also introduce a new token with improved tokenomics and more use cases.
we have created a detailed document describing the plan, and we invite you to review it to get all the details. Here is a summary of the proposed changes:
1 - New token $ART and IDO
2 - Allocation of 200,000 $ART to SIGN holders
3 - Allocation of 200,000 $ART to Waves DAO
4 - Extra Bonus for Waves DAO
5 - Accepted assets, Service fees and commissions
6 - New open non-curated access
7 - Standard structure for external NFTs
8 - New public moderation
9 - New decentralized curation
10 - Access to the 3D gallery for everyone
11 - Integration of BAI AI Image Generation
12 - $ART cashback for every NFT minted/collected
13 - Public Agent Feature
14 - Shifting towards a more community-driven project
15 - Service fee & Commission breakdown
To provide some numbers on SIGN Art, the platform started in February 2021 as the first NFT marketplace on Waves. It had a successful launch and attracted a good number of artists from other networks and marketplaces. Currently, the platform has 850 curated artists, with 7,160 creations posted and over 7,400 sales.
SIGN Art generated $1,400,000 in sales in 2021/2022, resulting in approximately $140,000 in project benefits. Unfortunately, all these benefits were completely lost due to the Vires situation.
SIGN Art already offers a range of impressive features, some of which are unique. These include an Ethereum gateway, a 3D room experience, Images detection and custom licenses per NFT.
The platform also collaborates with a network of 13 Art Campuses and has organized several events, with the most recent one taking place in April 2023. These achievements are noteworthy, considering the challenging situation on the Waves network.
In 2021, SIGN Art activities and popularity did bring the $SIGN token to a market capitalization of around 7M$.
This relaunch proposition represents our final attempt to save the platform. If the Waves community decides it is not worth pursuing, we will respectfully close the entire SIGN project. However, we sincerely hope to avoid this option and open the discussion here, requesting all DAO members to consider our proposition and support it.
The total requested amount is $37,500 USD in Waves, and it will be split into two separate requests. The first request will be for 10,000 Waves, starting on July 21.
If the overall proposition is accepted and both requests are approved, the implementation of the proposed changes will commence in September. The goal is to relaunch a preliminary version of SIGN Art 2.0 by the end of Q4 2023 or early Q1 2024, with some of the main changes already implemented. The remaining changes will be added progressively thereafter. The public token sale will be scheduled slightly before the relaunch.