BIP-29: Fourth Period

Summary

**Please note that this Snapshot has a default 72 hour voting window. **

BIP-29 decides and confirms the upcoming format of the fourth period excluding decisions on its economy. The vote on economy setup takes place the following week.

Here is a bullet-point summary of the proposed format:

Art Engine:

The addition of two new models: Stable Diffusion 2.1 Kandinsky 2.1

The inclusion of existing models: Stable Diffusion 1.5 VQGAN + CLIP

Initial balance of new voting pool: Each new model receives a 25% allocation to the voting pool for Round 0. This allocation (50%) is proportionally taken from the shares of the previous collection of models

The resulting initial distribution is: 5.5% VQGAN+ CLIP 44.5% Stable Diffusion 1.5 25% Stable Diffusion 2.1 25% Kandinsky 2.1

There are no minimum thresholds for models to remain active in the voting pool.

Period Key Dates:

• May 19th - May 23rd: Theme curation via Botto.com
• May 30th 22:00CET / 16:00EDT / 13:00PDT: Fourth Period Starts
• June 6th 22:00CET / 16:00EDT / 13:00PDT: First round ends
• June 7th 22:00CET / 16:00EDT / 13:00PDT: 1st Mint & Auction
• August 22nd 22:00CET / 16:00EDT / 13:00PDT: 12th Mint (last artwork of 4th Period)

Budget

• Software and hardware costs of running all aspects of the engine with four models runs to approximately to $10,000 per month.

The DAO may elect to change parameters of the economy throughout the period if it finds more optimal methods.

Please refer to the BIP-29 forum post for full details and discussion.