Proposal Summary

This proposal aims to allocate a portion of the Nuklai Community Allocation to fund and organize a hackathon. The primary objective of this hackathon is to bootstrap reference datasets for the Nuklai Data Marketplace, which will enhance the quality and quantity of datasets available to our community and attract more users and contributors to the platform.

Background

The Nuklai Data Marketplace is designed to be a decentralized platform where users can exchange datasets, enabling data-driven decision-making and fostering innovation. However, the success of the marketplace heavily relies on the availability and quality of the datasets it hosts. Currently, there is a need for high-quality reference datasets that can add value to and serve as benchmarks for future contributions.

We think a hackathon is an effective method to engage the community, and generate valuable datasets in a short period. By leveraging the collective intelligence of participants, we can create a variety of high-quality datasets that will serve as the foundation for the Nuklai Data Marketplace.

Objectives

• Generate High-Quality Reference Datasets: Encourage the creation of diverse and high-quality datasets that can be used as benchmarks and examples in the Nuklai Data Marketplace.
• Engage the Community: Foster community engagement and collaboration through an exciting and rewarding event.
• Promote the Nuklai Data Marketplace: Increase awareness and attract new users and contributors to the platform.

Scope

• Hackathon: Planning and Execution
• Event Planning: Outline the structure of the hackathon.
• Participant Outreach: Promote the event through relevant channels to attract participants
• Judging and Prizes: Establish a judging panel from industry experts and define criteria for evaluating submissions. Allocate prizes for the best datasets.
• Event Support: Provide support for participants to finalize and publish their datasets on the Nuklai Data Marketplace.

Budget Allocation

Prizes: The full budget of this proposal will be allocated to NAI prizes for the hackathon.

Tentative Timeline

Preparation Phase (August 1 - 7, 2024):

• Define hackathon details, and setup platform
• Reach out to partner projects to source jury members and plan co-marketing campaigns
• Launch marketing campaign to attract participants

Hackathon Phase (August 8 - Sept 7, 2024):

• Execute the hackathon
• Continue marketing campaign

Post-Hackathon Phase (September 8 - 13, 2024):

• Review submissions, announce winners, and distribute prizes
• Report insights & results back to the Nuklai DAO

Benefits

• Enhanced Dataset Quality: The hackathon will result in the creation of high-quality reference datasets that can be used to attract more users and data contributors.
• Community Engagement: The event will foster a sense of community and collaboration among participants, strengthening the Nuklai ecosystem and boosting decentralization.
• Increased Visibility: By promoting the hackathon, we will increase awareness of the Nuklai Data Marketplace and attract new users and contributors.

Risks and Mitigation

• Low Participation: Mitigate by extensive promotion and outreach to relevant communities and KOLs.
• Quality of Submissions: Mitigate by providing clear guidelines and support during the hackathon to ensure high-quality submissions.

Requested Allocation

The requested amount of the community allocation to be used for this hackathon is $25,000 worth of NAI.

Voting

Members of the Nuklai DAO are requested to vote on the proposal to allocate the specified portion of the Nuklai Community Allocation for the hackathon. Voting options are as follows:

Yes: Approve the allocation and proceed with planning and organizing the hackathon. No: Reject the proposal and do not allocate funds for the hackathon. Abstain: Refrain from voting on this proposal.