We propose to isolate 6 of the 7 NFT collections on the main Wilder World NFT contract into separate collections.
These include:
๐ Wilder Cribs
๐ Wilder Crafts
๐ Air Wild Season 0
๐ Air Wild Season 1
๐ Wilder Guild
๐ WOW Poster 0
Wilder Wheels will stay on the original contract address.
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โจ Benefits of Isolating Collections:
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๐ To enable proper DAO voting for all NFT industries.
๐ To simplify browsing specific collections, easily compare like assets when collecting.
๐ To enforce royalties through updated contracts, benefiting industry DAOs.
๐ Easy identification of Genesis assets and collections for Trinity snapshots and future rewards.
๐ NFTs will be renamed to follow the naming convention of other WW collections (IE: Wheel #369).
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Execution Information:
- The mechanism will be to Burn and Swap by updating the current NFT JPEG to indicate the need for an upgrade. We will then use admin rights and the upgrade function in the contracts to burn existing NFTs and reissue them on new collection contracts.
- The Wheels industry DAO would be responsible for covering the cost of the contract updates. These funds would be removed once the contract updates are finalized.
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โ Pros and Cons:
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๐ PROS:
๐ No action required from holders
๐ Won't need to perform any transactions
๐ Zero fees incurred by the community
๐ Clean swap without any lingering NFTs or collections
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๐ CONS:
โ Requires coordination with the community and 3rd party systems
โ Potential unforeseen effects
โ Systems may not recognize new NFTs without adjustments (3rd party staking)
๐ณ VOTE & NOTES:
We will be running this vote through snapshot. The option that has the most votes by the end of the voting period will win. This is a vote for all NFT holders on the main Wilder World NFT contract.
๐ Vote Poll Opens: June 1, 12 PM PDT
๐ Vote Poll Closes: June 10, 12 PM PDT
FAQs:
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โ What is the Proposal to Isolate Collections from the Main Wilder World NFT Contract about?
- Wilder World originally consolidated the first seven NFT collections on the main Wilder World Contact Address.
- The proposal aims to isolate each individual collection on its own contract so that we can enact further functions of Industry DAOs and Collections.
โ The proposed isolation will take 6 of the 7 NFT collections from the main WW NFT contract and place them into separate individual contracts. Wilder Wheels will retain the original contract address and keep the legacy contract information and stats.
The collections effected will include:
๐ Wilder Cribs
๐ Wilder Crafts
๐ Air Wild Season 0
๐ Air Wild Season 1
๐ Wilder Guild
๐ WOW Poster 0
โ What collections will be impacted by this vote?
- The collections affected will include: Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild, WOW Posters and the 7th NFT Collection, Wilder Wheels, will remain on the original legacy contract.
โ What are the Benefits of Isolating Collections?
- Enable proper DAO voting for all NFT industries and allow specialized gated experiences to exist.
- Simplify browsing specific collection on OS, easily compare like assets when collecting.
- Enforce royalties through updated contracts, benefiting industry DAOs.
- Easy to identify Genesis assets and collections for Trinity snapshots and future rewards.
- Rename NFTs to follow the proper naming convention.
โWhat are the options for voting?
- Options for voting on this proposal will be a simple Y or N vote where Y= Yes and N = No.
- The vote will take place through snapshot from June 1st - June 10th starting and ending at 12 PM PDT.
โ Why is this vote necessary?
- This will be required to enact true DAO voting and unlock metropolis.
- We are also unable to execute some of the intended DAO and Collection functionalities like creating specialized gated channels for just one collection or Industry.
โ Isolating NFT collections in Wilder World will enhance functionality and support future developments to:
- Enable proper DAO voting for all NFT industries and allow specialized gated experiences to exist.
- Simplify browsing specific collection on OS, easily compare like assets when collecting.
- Enforce royalties through updated contracts, benefiting industry DAOs.
- Easy to identify Genesis assets and collections for Trinity snapshots and future rewards.
- Having new NFTs follow the proper NFT naming conventions.
โ Who is eligible to vote?
- Those who hold NFTS from the main WW NFT Contract Address (0xc2e9678a71e50e5aed036e00e9c5caeb1ac5987d) will be eligible for voting.
- Voting Power (aka number of total votes per holder) will be determined based on the total number of assets held from this contract address.
โ Can a Gnosis Safe Multi-sig wallet vote?
- Yes, see instructions here
โ Where will the vote be held?
- We will be running this vote through snapshot from June 1 - June 10th 12 PM PDT.
- The option that has the most votes by the end of the voting period will win.
โWhat is the voting time frame?
Important Dates for this vote include:
๐ Announcement of proposal: May 25th, 2023
๐ Vote Poll Opens - June 1 - 12 PM PDT
๐ Vote Poll Closes - June 10 -12 PM PDT
๐ Trading Freeze - TBD (possibly 24-48hrs)
๐ Implementation Time Frame - TBD (requires feedback from devs)
โ How many NFTs would this impact?
- We estimate that this update will impact roughly ~950 NFTs, some of which are owned by the community or DAO and some have not been purchased.
- WOW Posters 0 will be moved to the Guild Contract and WOW poster 1 will be burned as it was never purchased.
- Wilder Concept will be burned (as no one purchased them).
โโHow will this proposal, if enacted, impact my NFT?
- During the execution phase, if your NFT is part of Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild, WOW Posters, your NFT will be impacted with a metadata update that will signal on your asset JPEG the changes being made including the trading freeze.
- After the execution phase, if your NFT is part of Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild, WOW Posters, the trading history for these assets will be cleared. Trading history will essentially begin at 0 for your asset and the new collection.
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โโHow will this update impact my transaction history on the blockchain?
- After the execution phase, if your NFT is part of Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild, WOW Posters, the trading history for these assets will be cleared.
- Trading history will essentially begin at 0 for your asset and the new collection.
- What will happen to previously flagged NFTs on OS?
- We are currently scraping the blockchain to understand how many NFTs are currently flagged. We will communicate flagged assets to OpenSea, however, this will ultimately be up to OS to re-flag reissued NFTs.
โWhat will happen to NFTs being staked or used on 3rd Party Services (ie: lending, staking, etc)?
- We are currently scraping the blockchain to understand how many NFTs are currently being lent or staked on 3rd party platforms.
- We highly advise Wilders to unstake and reclaim NFTs into the owner wallet where youโd like to receive your new token.
- We encourage you to avoid the use of 3rd party services during the execution process.
โโWhat is the cost of the isolation process and who will pay for this?
- We estimate this project could cost around
$50K ($20K for on-chain fees and ~$30K in development).
- The Wheels Industry DAO will be covering the costs of these updates.
โWhat is the process for submitting queries for customer support regarding a specific NFT?
- Please open up ticket in the Wilder World Discord Customer Support channel. Click the โWilderWorldโ tag to open your ticket and our Community Team can support you from there.