Allow Custom Minting Amounts for Wearables

by 0x9381caa558f19a821a2360c59fdf3db60c09ff52 (JTV)

Linked Pre-Proposal

NFT Mint Amount Options

Summary

Summary Remove current minting rarity tier system and allow for all possible mint numbers up to 100,000.

Abstract

Currently, when uploading wearables creators are locked into choosing rarity tiers that specify a fixed mint amount. This limits the ability to release collections that would benefit from a more nuanced number (i.e., 50, 2500, 1999). A workaround involves minting greater than needed then burning the excess. I aim to allow for a simplified process from the start.

Motivation

Decentraland (DCL) is the only NFT marketplace that does not allow for custom minting amounts. Considering other platforms allow this flexibility, I feel DCL should also allow this basic feature. As a prolific publisher, I at times struggle to choose an appropriate rarity tier for my items. The most common tiers used, Legendary, Epic, and Rare, have mint amounts spread to far apart, 100, 1000, and 5000 respectively. Currently the rarity tiers are:

Unique: 1

Mythic: 10

Legendary: 100

Epic: 1000

Rare: 5000

Uncommon: 10,000

Common: 100,000

The two methods to circumvent this restrictive system are:

1.) To create and burn excess mints.

2.) Create your own contract and go through the Linked Wearables Registry.

There are a few issues with those. To create and burn causes undue burden for the creator and the network. Further, depending on how many are burned, invalidates the rarity color system. With Linked Wearables, this option is less-than-often applicable to the intent of the publisher. Linked wearables have no rarity designation and are not able to be sold or traded within DCL. They are simply DCL representations of External NFTs you may already own. As you can see the current system leaves much to be desired.

Specification

I propose removing the minting tiers system and to allow the publisher to specify any number of mints, up to a maximum of 100,000. This will enable creators to choose custom mint amounts specific to their own needs, while also keeping a high maximum on possible mints.

Upon submitting a request to publish a wearable, the user will specify the maximum number of mints for the item instead of specifying a rarity tier. Legacy values from the tier system can be used as suggested guidelines or defaults.
The wearables submission page, rarity fields in the builder, and wearable smart contracts will be updated by the DCL development team in order to accommodate the new system.

Conclusion

By enabling Creators and Publishers to have greater freedom of their collections through expanding the minting amount options, DCL will benefit from increased creativity and expression. This is a simple change to bring DCL to parity to other platforms and encourage continued user growth.

Vote on this proposal on the Decentraland DAO