Authors

Core Team

Summary

This proposal advocates for the renewal of Toes' role as Business Development (BD) Lead at NFTX DAO for an additional 12 months. The aim is to bolster and expand the network of collaborators and builders associated with NFTX and its DAO.

Following the 12-month extension, a mutual desire to continue the partnership will necessitate a new proposal to be ratified through governance.

Rationale

Toes' contributions over the past year have been deeply impactful in elevating NFTX DAO's positioning and operational capabilities. Some examples of his achievements include:

• Gathering critical data from professional capital groups and NFT finance projects, informing the development of NFTX v3.
• Establishing and nurturing key partnerships with projects in the DeFi and NFT, resulting in sustained market presence and user base.
• Negotiating deals that positively impact the TVL on the NFTX protocol and volume transacted
• Leading initiatives to identify and tap into new market opportunities, diversifying NFTX’s reach
• Maintaining a comprehensive customer relationship management system (CRM)

The proposal to extend Toes’ term as BD Lead is mutually agreed upon, with a compensation package that aligns with other non-technical leadership roles within the core team.

Opportunity

• Toes has proven to be a key figure in the NFTX DAO, helping guide the Core team’s efforts based on market demands and partnership dynamics. His synergy with the team over the past year underscores his value.
• Retaining Toes allows the Core team to concentrate on advancing new products and fully deploying NFTX v3.

Risk

No significant risks identified.

Specifications

Toes’ extended responsibilities include:

• Being the primary contact for both inbound and outbound relationships.
• Ensuring product and protocol strategies are aligned with market needs.
• Representing NFTX at key industry conferences.
• Focusing on NFTX liquidity support to power NFT Finance use cases.
• Amplifying NFTX volume, liquidity, and inventory through strategic alliances.
• Championing the NFTX brand to elevate its market visibility.

Funding Request - Yes - Implementation Requires Funding

For Toes’ continued role, a competitive compensation package is proposed. We’d like to offer him the following package, for which funds are required from the DAO treasury. Packages are paid as defined below:

• 120,000 USDC over a 12-month vesting schedule via Sablier.
• NFTX tokens worth 40,000 USD, paid quarterly based on the current market rate.

These funds are to be allocated upfront after the proposal’s approval. Any future extension of Toes’ role beyond this period will require a new proposal.

Communication

• Toes’ Twitter: https://twitter.com/0xToes

Quorum

• Minimum Quorum: More than 10% of circulating, non-treasury NFTX must participate for a proposal to Pass.
• Passing Threshold: More than 66.6% (2/3rds) of voting tokens must vote FOR for the XIP to Pass. For changes to the NFTX contract, more than 70% of voting tokens must vote FOR the XIP to pass towards on-chain voting.