I propose that if the cost of claiming an NFT name is dropped to 25 MANA, any wallet that holds an NFT name that was claimed for 100 MANA will be credited 75 MANA per name. Are you in favor?

by 0x43b2cc9004630b2912abbce0fdf09ff5a3cc144b (Aardvark)

These are several of the reasons for the need for this proposal:

1. Over 30,000 names have been claimed for 100 MANA each. Each of these names currently has 100 voting power. If we reduce the cost of the names, does the voting power also drop? Does it drop just for those that claim a name for a lower price? If so, who will track which names were claimed at full price and which were claimed at reduced price to determine voting power? If the voting power is reduced for all names including those that were claimed for 100 MANA, then it will create an inequity in voting power distribution.

2. Owning an NFT name is not a requirement for participating in any activities in Decentraland. It is purely optional. In fact, anyone can enter Decentraland and use any name of their choice at any time for free. It will just have several additional characters added at the end as an extension. Therefore, I question the need to reduce the price of names at all.

3. It seems that virtually every day there are several names claimed for 100 MANA each. If people are willing to continue to pay 100 MANA to claim a name then there should be no reason to reduce the price.

4. Many of those that claimed one or more of the 30,000 existing names for 100 MANA did so as an investment. These are NFT’s that have value. If the cost of claiming a named is dropped, it will completely change the value structure of these NFT’s. All those that were claimed for 100 MANA will drop in value.

• Yes
• No
• Invalid question/options

Vote on this proposal on the Decentraland DAO