BOTB - Acceleration Fund Proposal Recurrent 0.25 ETH - 3-month Trial

Objective:

For a 3-month trial period, swap 0.25 ETH to MATIC to establish a BOTB accelerator fund. This fund aims to support metaverse content creation and gaming initiatives in a cost-effective manner.

Trial for 3 Months:

Recurrent up to a max of 0.25eth for 3 months to test and have 4 of 10 Bull Council to approve case by case to use it

This fund will assist creators in developing assets for the virtual world of BOTB, including but not limited to; 3D objects, characters, mini games and content enhancing the overall experience of the BOTB metaverse. Additionally, it will offer rewards to players participating in BOTB gaming competitions such as the Nifty Mayhem tournament.

Decision Making Process:

The Bull Council/BOTB Council, comprising 10 members, can internally decide on MATIC spending. A decision can be implemented if 4 out of 10 council members agree.The BOTB Council will conduct an emoji vote in Discord to determine if rewards should be dispensed on a case-by-case basis.

Monetization Strategy:

Step 1: Get the created assets, saved / stored in the designated Slack Channels and/ or Google Drive which Bull Council has access too

Step 2: List the assets on the Nifty Island marketplace

Nifty Island Marketplace

Step 3: Use the community wallet or a BOTB delegated wallet if the multisig doesn't permit it

Step 4: Determine prices by averaging out based on three comparable assets

Step 5: Set asset listing prices in line with the market

Step 6: Ensure that 100% of potential rewards (minus gas and other fees) flow back into the community wallet

Summary:

The shift in the MATIC meta presents an opportunity for CW to diversify its portfolio and capitalize on the burgeoning gaming applications on Polygon. Integration with Ethereum further strengthens the rationale for leveraging MATIC for asset diversification, gaming initiatives, and affordable transactions, aligning with CW's strategic objectives. Additionally, the clear vision to monetize assets created using these funds ensures sustainable returns for CW.