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The Idols NFTThe Idols NFTby0x2CF8AAaB48e36500827beDfC703270bA984Bd3edphilipp.guardianof.eth

Deny all contracts except our own marketplace for Idol trades.

Voting ended over 2 years agoSucceeded

Background: A year ago, it was beneficial for us to offer our collection on well-known NFT marketplaces like OpenSea for exposure. However, with Blur's entrance, the NFT market transformed and creator royalties have now come under scrutiny, especially following the experiment by X2Y2, which involved slashing creator royalty fees to 0%. Data from hildobby's Dune dashboards (https://dune.com/hildobby/NFTs, https://dune.com/hildobby/nft-fees) confirm this shift. Now, major NFT marketplaces are not enforcing creator royalties anymore. Consequently, Virtue stakers are earning less from Idol NFT trade commissions on secondary marketplaces.

Proposal: Deny all contracts except our own marketplace for Idol trades. To achieve this, VirtueDAO multisig signers will change the following two parameters of the IDOL smart contract

  1. allowAllContracts will be set to false.
  2. Our marketplace (https://etherscan.io/address/0x0dD5A35fe4cd65FE7928c7b923902b43d6ea29E7) will be added to the IDOL contract whitelist.

This is also known as the „Deny-By-Default-Principle“ in IT security.

Additionally, we will focus on increased social media presence in order to make the Idols collection more visible again.

Off-Chain Vote

For - Allow only our marketplace
41.35K $VIRTUE100%
Against - Do nothing
0 $VIRTUE0%
Quorum:103%
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Timeline

Sep 11, 2023Proposal created
Sep 11, 2023Proposal vote started
Sep 15, 2023Proposal vote ended
Dec 16, 2024Proposal updated