[NIP 012] - Signal Which Chain You Prefer

Summary:

Determine which networks make sense to build on going forward.

Chain Preference:

Which chains are your favorite?

Please vote for the chain you would most prefer to play web3 games on, trade NFTs, create NFTs, stake to earn real-yield from revenue sources (protocol fees, POL liquidity pool fees, minting fees, royalty fees, marketplace fees, and all other forms of protocol revenue.)

Motivation

The multi-chain, omnichain approach for building in the NFT ecosystem has proven to be in all likelihood unnecessary. NFT ecosystem volume across the entire web3 landscape has just hit all time lows, protocols are closing their doors on a daily basis, yet the team remains committed to building at NFTEarth. Importantly though, it has become clear that the focus needs to be spot on in order to not just build something novel and innovative, but also capture real market share and create sustainable product market fit in order to build a sustainable flywheel effect of positive economic momentum. The team is seeking to gather feedback to make an informed decision as to where to spend the most precious resources... the time and effort of the DAO contributors on where to build moving forward.

This applies and is relevant to not just the native token deployment for the protocol, but also the marketplace functionality for NFTs, the suite of gaming applications being built, and any further mechanisms to be deployed onchain (ie the Staking program for protocol stakeholders).

Implementation

Upon the results of this vote, the team will conduct further research and community discussions to decide on the most fruitful path for all involved moving forward. This may include a multi-chain approach, and it may mean focusing on a single chain for a period of time and then expanding. Most importantly, the team needs to understand where users would genuinely intend to interact onchain for these various activities so that the best results can be built for everyone to benefit from. Though many scaling solutions and networks have been vocal about their aspirations for growth in the NFT space, this has not come to pass in reality and this is something that needs to be addressed in order to understand the feasibility of growing an NFT based protocol moving forward. There are many possibilities for growth that still remain and have been discovered over the past year, but if growth is to ensue, focus is absolutely critical at this juncture.

Copyright

Copyright and related rights waived via CC0.