Hey Everyone,
Below I'm going to try describe the best way I can my idea for a POAP NFT collection to be created and utilized into our LittleGhosts Ecosystem and project as a whole.
What are POAP NFTs? POAP is an acronym for "Proof of Attendance Protocol," and NFTs are non-fungible tokens. Simply put, an NFT is a unique digital collectible. A POAP NFT is a specific type of NFT that shows you attended an event or experience. While POAP NFTs aren't yet widespread, they're quickly becoming popular. Being used at Miami Crypto / VeeCon. Other projects use as a raffling system for giveaways.
Is a POAP worth money? Yes, POAP NFT's can be used as an aftermarket collection that the community would set the floor. I would suggest that any aftermarket sales and revenue generated from this collection to be re-invested into the Community Wallet. This would allow us to now have another revenue source along side our Ecto holdings. This would greatly boost the wallet allowing us continued funds to do future DAO suggestions and also future opportunities for Investments.
How could we implement this? My suggestion would be, we firstly setup a competition to design the LittleGhost POAP NFT, I will be showing examples in the Telegram and DAO Suggestions text channel within the Discord of what these could look like, and it really could be anything, however as these will be used as a Marketing tool / Community Growth tool, it would be wise to design them in a way that really shows off LittleGhosts *Maybe a Ghosts coin and one of the sides say 'GAME COMING SOON'. Again I will link designs so everyone can get a clearly picture of what is achievable here.
Once we competition is drawn and the design concept has been approved by the team/community, this is where the magic starts and the utility can really kick in.
We then announce a Snapshot date, say 2 weeks from the annoucement. Which gives everyone a chance to either be holding or to go purchase a Ghost / Skelly or XXX Amount of ECTO. If they do have any of those items before the Snapshot they will qualify for a (FREE CLAIM / AIRDROPPED) LittleGhosts POAP. We could also even give out additional POAP NFT's for anyone who has been holding for 3 months plus.
This already should see a vast amount of community enagement, and people potentially see the floor rise, however this is just the start.
How will the POAP NFT's be used? POAP NFT's can be used in a vast amount of ways, but I will try to outline some cool features that we could use. One would be that we intergrate the use of POAP's with the community event's that we have in the works, for example if we say ran an AMA with CroSkulls. A good example would be that anyone in attendance would have a chance to win a POAP NFT.
The team can then run raffles for Prizes, and better yet potentially POAP's could be used to raffle of BETA ACCESS spots. I've seen this done before and it was extremely successful.
Essentially POAP's can be used as a great marketing tool given out free to the community, which we can then use to shill and give out to others. They then for holding have chances to win prizes and other opportunties that will come up in the future of our Games / projects developement. Also adding an extra potential revenue stream and back bone utility going forward to manage the community.
What happens if I have more than 1 LittleGhost POAP NFT? Each POAP NFT will act as 1x Raffle ticket into draws, the more POAP's you collect throughout our journey the more chance you have to be selected. If revenue generated from Aftermarket sales went back into the draws we could in fact do better quality prizes, which would again add value.
I could really gone on and on regarding POAPs and the benefit I believe they have added to the space already, I would be happy also to discuss this in a Voice chat.
Community is key and should be a vital focus point to any project, I believe with this DAO proposal being passed it will give us an opportunity to shed more exposure on the project whilst retaining interests from the Die hard LittleGhost family we are already blessed to be apart of.