This proposal suggests removing the Sandbox leaderboard from the SlingShot DAO app. It considers the DAO's finances and focuses on gaming platforms that can generate more revenue for the DAO's financial health and sustainability.

Original forum post: https://discord.com/channels/1087517906709000342/1148956751157272697

Link to a PDF copy of the proposal on IPFS: https://pin.ski/3rdVUuN

CID: QmZCMNGvkA577mQwYxuwyvr1XbWA2gbDiv7rXfhbPj8rRZ

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Summary

This proposal suggests removing the Sandbox leaderboard from the SlingShot DAO app. It considers the DAO's finances and focuses on gaming platforms that can generate more revenue for the DAO's financial health and sustainability.

Authors

tomac5626

Sponsorship

nftsorbust mikeemb

Proposal Type

Initiative proposal.

Community Incentive & Rationale

What is the problem

The Sandbox is a popular and upcoming web3 platform, but right now it’s costing SlingShot DAO a lot of money and its inclusion within the DAO ecosystem isn’t financially sustainable yet.

Unfortunately a limitation with The Sandbox is monetization. It costs $15,000 to turn a good idea into a Sandbox game, but in The Sandbox there's no reliable way to make that money back or profit from it.

To-date across ideator rewards and production funding, SlingShot DAO has committed to spend $68,000 in The Sandbox.

As it stands, the DAO would continue to spend a further $17,000 every 3 weeks.

Given the lack of monetization options in The Sandbox, it’s unlikely the DAO will be able to recover this expense

Why is that a problem

To be sustainable, SlingShot DAO needs to be able to reliably monetize the ideas and games that are produced.

In contrast, platforms like Roblox and Fortnite offer immediate and easily activated monetization opportunities, making them a more sustainable choice for the SlingShot DAO ecosystem.

Right now creators get 20% of any revenue, while the other 80% is unallocated. This 80% could potentially be distributed to others and/or the SlingShot DAO Treasury (this needs to be discussed and voted upon).

Such revenue to the Treasury is important for SlingShot DAO to keep funding new ideas, new games and to be sustainable.

What actions should be taken

This proposal recommends the removal of Sandbox as a category in SlingShot DAO, to save the capital, until such a time that The Sandbox has greater monetization opportunities and a larger playerbase.

The money saved from this proposal could be used to fire up another leaderboard (like Fortnite), further growth efforts, or other opportunities that can make money right away, like collaborating with third parties or influencers.

If this proposal passes, as a community we should all discuss what to do with the saved money in a separate proposal.

Considerations

Some community members no doubt have already put a lot of thought and effort into submitting Sandbox ideas for the next round. If this proposal is successful, such members should be rewarded with a gesture of good-will for their contribution and the loss of the opportunity to submit their ideas.

Opportunities

1. Redirected Investments: Opportunity to channel the funds allocated for Sandbox initiatives towards more promising ventures or marketing campaigns.
2. Platform Diversification: Alternatively consider collaboration or integration with platforms like Fortnite or even an esports leaderboard which offer immediate monetization opportunities.
3. Enhanced Economic Model: By focusing on efficient budget allocation and evolving revenue models, the SlingShot ecosystem can be bolstered.

Risks

1. Loss of Association: Moving away from a well-known name like Sandbox could be perceived as a step back in the web3 gaming world.
2. Community Backlash: Stakeholders may resist or express concerns over the shift.
3. Missed Future Synergies: Sandbox might refine its model in the future, presenting missed opportunities for SlingShot DAO.

Key Terms

DAO

A decentralized autonomous organization

Web3

Platforms, services, communities and protocols powered by cryptography and blockchain technology.

Monetization

The act of generating revenue from a project.

The Sandbox

A web3 gaming and metaverse platform https://www.sandbox.game/

Fortnite

The popular video game platform produced by Epic Games. https://www.fortnite.com/

Roblox

The popular video game platform. https://www.roblox.com/

Ideator rewards

$2000 USDC and 250k $SLING rewarded to an ideator who’s idea wins in a SlingShot leaderboard.

Production funding

Up to $15,000 USDC from the SlingShot DAO Treasury available in funding to produce a winning idea from the SlingShot leaderboards.

Specifications

Actions

1. Remove Sandbox from the leaderboard app
2. Update communications and product messaging
3. Pause unsigned Sandbox builds

Measurements of Success & Desirable Outcomes

1. Realize a healthier ROI on redirected marketing and incentive initiatives.
2. Successfully establish a profitable monetization path for winning game ideas. Success manifests as a thriving, financially stable SlingShot DAO ecosystem.

Impact on Working Groups

1. Marketing: Redirection and adaptation of existing campaigns.
2. Finance: Reworking of budget allocations.
3. Strategy: Research, outreach and prepare alternatives in place of Sandbox to reach the DAOs user growth driven goals.

Impact on Economics

1. Expected savings from halting Sandbox rewards.
2. Revenue growth potential with better-aligned collaborations.
3. A solidified financial foundation with clearer monetization pathways.

Further Considerations

The DAOs relationship with Sandbox doesn’t have to be absolute. While pausing the collaboration now, the DAO should remain open to potential collaborations in the future once our paths realign.

Continuous engagement with the community will ensure that decisions align with the collective ethos and ensure the smoothest transitions possible.

Updates to governance may be needed to reflect removal of Sandbox leaderboard.