Q2 '24 Budget + Q1 '24 Recap

Here is the Q2 '24 budget with key takeaways, a summary of team, council, and professional services expenses, dues & subscription expenses, andprojected venue.

Q1 ‘24 Recap

Operations and Financials

• Q1 '24 Operational Budget (Presentation)

• Completed transition to external firm for treasury management and financial reporting across DAO and C-Corp with monthly reconciliations.

• Completed fillings for 2021 state tax refunds and expecting refunds in the next 6-8 weeks.

• Beginning 2023 tax filings with tax preparers.

• Development of core and council KPIs.

• FWB establishes a software company SIC raising 3M from a16z crypto.

• Town Halls

011724 Town Hall: Q1

• 012024 FEST '24 Community Brand Jam.mp3

-   [012224 Town Hall: Partnerships/Worldcoin.mp3](https://drive.google.com/open?id=1GrRrAu3N15kwxYNKQAHbVeu7RLq_N-Zh)

-   [012524 Introducing SIC.mp3](https://drive.google.com/open?id=1tugP4f24LAxuWcXWUubbg-llqgVeQnxb)
	    
-   [022724 Town Hall: NFTs + FEST.mp3](https://drive.google.com/open?id=1BD4FikHP96y9YnzykjjFLCMONt08ljiA)

Partnerships

• Completed major partnership (“The Paradox of Personhood”) with Tools For Humanity / Worldcoin in Mexico City.

  • The activation included an art week fiesta, booth at Feria Material, Vol. 10, and the Material 10th Anniversary party.

  • El Universal, the newspaper of note in Mexico City since 1916, called the installation “[o]ne of the most daring works of art at the Material Contemporary Art Fair.”

  • Worldcoin x FWB Twitter spaces

• Continuing to source leads from community members for FEST and other tentpole activations.

Marketing

• Creation of monthly marketing recap reports.

  • January 2024 marketing recap
  • February 2024 marketing recap
  • March 2024 marketing recap [in progress]

• Activating /fwb and /fest channels on Warpcast and re-activating on Lens.

• Re-launching editorial pieces.

  • The Paradox Of Personhood: A Collaboration with FWB and Worldcoin

  • Making A Scene: FWB Establishes A Software Company

  • Decentralization & Desire: A web3 Cultural Blueprint

  • The Year of Validation

  • It Started At Fest: Oasis Onchain

Events

• CDMX

  • See above re: Worldcoin.

• ETHDenver

  • OrangeDAO x Refraction Members Only

  • Refraction Late Night

  • Polygon x GCR

  • Panel: User Experience in Web3: Building Products for Real Humans

• SXSW

  • Boys Club x FWB A Hot Hang

Community Council

• Council members Lia and Phelps are overseeing the 4th iteration of the event key program.

• Council members meeting bi-weekly with core providing weekly updates on work to council.

• Council KPIs to come.

Governance

• Three new proposals passed.

  • FWB FEST2024
  • FWB Event Keys v4
  • We Them Media @ETHDenver

• Community council and core begin discussions on updating governance processes.

FEST

• Announcing initial partners including Lukso, Ace Hotel, Base, Boys Club, Club Chess, Envelop, Floating, Garbage Day, Nemesis, Refraction, Standstill, SIC, The Park, Uniswap + more!

• Launching FEST24 passes.

• Community submissions form open.

Core + Council KPIs

• FWB 2024 KPIs

Q2 ‘24 Takeaways

Operations and Financials

• Extended runway to maintain projected 21-month runway starting in Q2 2024.

• $219K in 2021 tax refund.

• Reduction in overall expenses by 2%.

• Projected $434K in gross partnership revenue for Q2 2024.

Membership

• Reworking membership flow, onboarding, compliance, and NFT with a new proposal for feedback coming in April.

FEST

• Announcing initial speaker lineup the first week of April.

• Rolling community submissions open into Q2.

Tentpole and other activations

• NFT NYC 2nd Annual Dim Sum Party with SIC, Kiki, and Refraction

• Refraction x Towns NYC : with Benji B, 063N13, Séance Centre & Prince Language

• Consensus stage panel

Editorial

• Editorial relaunch early May in collaboration with partners .

NFT Partnerships

• NFT partnerships program rolling out in Q2.