JBP-494: Accelerate ecosystem growth with Artizen + Juicebox partnership

Synopsis

Following the resounding success of Season 3, the collaboration between Juicebox and Artizen continues with Season 4 of the Juicebox Project Accelerator Fund. Building on the momentum, both Juicebox and Artizen will each contribute $20,000, creating a $40,000 Match Fund aimed at fostering innovative, community-driven projects from top creators. This proposal not only supports new projects through the Accelerator Fund but also enhances Juicebox protocol usage by processing all Ethereum-based sponsorship transactions for all Artizen match funds via Juicebox. This dual approach ensures a substantial increase in the number of transactions and the overall engagement within the Juicebox ecosystem. The previous season attracted 21 amazing projects qualified for the fund and raised an impressive total of Ξ62.69 ($199,083), demonstrating the vibrant potential of this initiative.

Rationale

Artizen, a match funding platform for breakthroughs in human creativity, has been instrumental in distributing nearly $2 million to more than 1,000 projects, featuring talents like Jessica Chastain and Radiohead’s Jonny Greenwood. Our past collaboration with Juicebox for Season 3 of the Accelerator Fund successfully leveraged a Ξ6 contribution to raise Ξ62.69, of which Ξ13.81 flowed through the Juicebox platform. A renewed Juicebox x Artizen Match Fund for Season 4 anticipates not just sustaining but doubling the number of submissions and funding, driven by our niche community of creators eager to participate and win part of the $40,000 match fund. To further strengthen our collaboration and streamline sponsorship transactions, we propose that all sponsorship contributions made in Ethereum for Artizen be processed and collected via Juicebox. This includes:

• Juicebox Project Accelerator on Artizen: All sponsorship transactions will be collected through Juicebox.
• All Artizen Match Funds: Sponsorships will be processed via Juicebox.

Based on the success of Season 3, we anticipate processing at least 120 ETH or $360,000 through Juicebox. Please note that sponsorships made via credit card and bank transfers using USD will not be processed via Juicebox. By migrating all crypto sponsorship transactions to Juicebox, we add significant value to the Juicebox ecosystem, enhancing transparency and fund management. Artizen and Juicebox will go above and beyond to onboard and educate selected projects. Specifically, we'll provide 1:1 support for creators so they understand the value of Juicebox and Artizen to their projects.

How Artizen works:

• Creators submit their projects.
• The community votes on these submissions.
• The most voted projects are shortlisted.
• These projects then sell artifacts (NFTs) to raise funds.
• The match fund is distributed proportionally based on the number of artifacts sold.

What’s in it for Juicebox?

Season 3 was a big success, with approximately 350 submissions and nearly $200,000 awarded to qualifying projects. For Season 4, Artizen anticipates doubling these key metrics. The expected outcomes include:

• At least 50 high-quality projects launching on Juicebox.
• Enhanced access to a community of over 20,000 creators who will launch on Juicebox for transparent fund management.

Additionally, by migrating all Ethereum-based sponsorship transactions for all Artizen match funds to Juicebox, we anticipate a significant increase in the use of the Juicebox protocol. This integration will drive more activity and engagement within the Juicebox ecosystem, expanding its reach and impact. To qualify for funding, projects must:

• Launch on Juicebox for transparent fund management.
• Adopt a community-centric, token-based, or NFT approach via Juicebox.
• Propose innovative, transformative ideas in any creative field.

Selected projects will receive financial support, technical advice, and access to Juicebox's broad network of creators.

Big Vision

In the long term, our vision is to leverage Juicebox to raise the largest endowment in the world for human creativity. The goal is to raise billions and use the yield to fund breakthroughs in art, science, technology, and culture. We're collaborating with leaders in the crypto industry, like Sam Williams, the founder of Arweave, to design the tokenomics. Juicebox will serve as the backbone for this mission, ensuring robust, transparent, and scalable management of the endowment fund. By creating this substantial financial reservoir, we aim to catalyze unprecedented advancements and support a global renaissance of human creativity.

Rough Timeline

• May 2024: Launch Season 4 of the Juicebox Project Accelerator Fund.
• June 2024 - July 2024: Open call for project submissions. Both Artizen and Juicebox communities review and vote on submissions during this period.
• August 2024 - September 2024: Selected projects compete for match funding and cash prizes by selling cultural Artifacts as open edition NFTs.

Specification

• Send @artizenfund Juicebox project $20,000 for 1 cycle
• Artizen will match an additional $20,000 (~7 ETH) into the Artizen Juicebox project.
• All funds will be paid from the Artizen Juicebox project into individual creator Juicebox projects.

Further Reading

1. For a general overview, see Partner with Artizen.
2. For partnership specifics, see Artizen's Pitch Deck.

--- nance-actions
- type: Payout
  uuid: c9aae403addd428eabe4cf6e3a1a719b
  payload:
    type: project
    count: "1"
    amountUSD: "20000"
    project: 587
    address: "0xAF28bcB48C40dBC86f52D459A6562F658fc94B1e"