Background

In October 2021, the Game7 proposal attracted over 2000 individuals interested in contributing to the DAO. It started with multiple separate groups, working independently to define the next steps, which then evolved into a vibrant community of game developers and web3 builders discussing governance structures, strategy, and initiatives aligned with the DAO’s mission: to accelerate the adoption of blockchain gaming.

Proposal

The proposal below will initiate the formal kick-off of Game7 DAO, the planned delegation of voting rights, and the deployment of the first tranche of funding, allowing our community to begin its journey.

We’ve outlined our vision, mission, values, and grassroots initiatives ideated by our early contributors. We identified key objectives to drive a progressive plan for community ownership and outlined how you can start contributing today.

By voting ‘Yes’ on this proposal, you approve:

-The official launch of Game7 DAO -Voting Rights delegation to committees -For topics such as Grants, Investments, and Events → Decision-making by Committee -The development of a plan to allow voting rights holders to elect, propose, and replace committees and their members. -Official BitDAO representatives for Game7 are Jon Allen and cateatpeanut. -Approve the first $80M tranche of funding by BitDAO (an additional $20M from Forte expected after Forte approval) for a total of $100M -Approve the operational funds budget of up to 5% of each tranche -Approve the Ownership Rights Transfer allocation

Read the full proposal here.

GLHF!